EX-12.1 2 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
Exhibit 12.1
 
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the year ended December 31, 2012
 
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees
  $ 42,544,588  
         
Add:
        
   Interest on indebtedness (excluding capitalized interest)
     229,911,807  
   Amortization of debt related expenses
     7,683,550  
   Portion of rents representative of the interest factor
     6,946,781  
      287,086,726  
         
Distributed income from equity investees
     194,109,970  
         
       Pretax earnings from continuing operations, as adjusted
   $ 481,196,696  
         
Fixed charges -
        
   Interest on indebtedness (including capitalized interest)
   $ 231,449,478  
   Amortization of debt related expenses
     3,099,218  
   Portion of rents representative of the interest factor
     6,946,781  
         
        Fixed charges
   $ 241,495,477  
         
Ratio of earnings to fixed charges
     2.0  
 
 
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