EX-12.2 3 ex12-2.htm EXHIBIT 12.2 ex12-2.htm
Exhibit 12.2
 
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
For the six months ended, June 30, 2012
 
 
Pretax earnings from continuing operations before adjustment for
    noncontrolling interests or income loss from equity investees
   $ 22,371,295  
         
         
Add:
        
Interest on indebtedness (excluding capitalized interest)
     115,373,560  
Amortization of debt related expenses
     4,060,093  
Portion of rents representative of the
   interest factor
     3,408,035  
      145,212,983  
         
Distributed income from equity investees
     115,627,284  
         
Pretax earnings from continuing operations, as adjusted
   $ 260,840,267  
         
         
Combined fixed charges and preferred stock dividends -
        
Interest on indebtedness (including capitalized interest)
   $ 116,299,648  
Preferred dividend factor
     36,414,583  
Amortization of debt related expenses
     1,772,964  
Portion of rents representative of the
   interest factor
     3,408,035  
         
Combined fixed charges and preferred stock dividends
   $ 157,895,230  
         
Ratio of Earnings to Combined Fixed Charges
    and Preferred Stock Dividends
     1.7