EX-12 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 six months ended June 30, 2013

 

 

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

  $ 27,247,051  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     108,711,836  

Amortization of debt related expenses

     3,969,721  

Portion of rents representative of the interest factor

     3,550,810  
      143,479,418  
         

Distributed income from equity investees

     82,244,688  
         

Pretax earnings from continuing operations, as adjusted

   $ 225,724,106  
         
         

Fixed charges -

        

Interest on indebtedness (including capitalized interest)

   $ 109,290,884  

Amortization of debt related expenses

     1,664,593  

Portion of rents representative of the interest factor

     3,550,810  
         

Fixed charges

   $ 114,506,287  
         

Ratio of earnings to fixed charges

     2.0