EX-12.2 3 exh12_2.htm Exhibit 12.2

Exhibit 12.2


Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the nine months ended September 30, 2011



Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees

$

 59,282,984

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

167,083,528

   Amortization of debt related expenses

 

6,774,448

   Portion of rents representative of the interest factor

 

6,052,658

 

 

239,193,618

 

 

 

Distributed income from equity investees

 

108,595,220

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

 347,788,838

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends -

 

 

   Interest on indebtedness (including capitalized interest)

$

 173,225,384

   Preferred dividend factor

 

49,384,070

   Amortization of debt related expenses

 

3,435,403

   Portion of rents representative of the interest factor

 

6,052,658

 

 

 

        Combined fixed charges and preferred stock dividends

$

 232,097,515

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 

1.50