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 three months ended March 31, 2014

 

 

 

 

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

  $ 27,488,936  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     51,352,881  

Amortization of debt related expenses

     1,758,635  

Portion of rents representative of the interest factor

     1,930,232  
      82,530,684  
         

Distributed income from equity investees

     68,690,980  
         

Pretax earnings from continuing operations, as adjusted

   $ 151,221,664  
         
         

Fixed charges -

        

Interest on indebtedness (including capitalized interest)

   $ 51,649,614  

Amortization of debt related expenses

     599,126  

Portion of rents representative of the interest factor

     1,930,232  
         

Fixed charges

   $ 54,178,972  
         

Ratio of earnings to fixed charges

     2.8