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, 2014

 

 

 

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

  $ (17,015,985 )
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     105,233,235  

Amortization of debt related expenses

     2,866,715  

Portion of rents representative of the interest factor

     3,988,816  
      95,072,781  
         

Distributed income from equity investees

     125,693,676  
         

Pretax earnings from continuing operations, as adjusted

   $ 220,766,457  
         
         

Fixed charges -

        

Interest on indebtedness (including capitalized interest)

   $ 105,970,064  

Amortization of debt related expenses

     545,795  

Portion of rents representative of the interest factor

     3,988,816  
         

Fixed charges

   $ 110,504,675  
         

Ratio of earnings to fixed charges

     2.0