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 nine months ended September 30, 2015

 

 

 

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

  $ 227,532,629  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     178,226,457  

Amortization of debt related expenses

     (9,409,919 )

Portion of rents representative of the interest factor

     6,053,697  
      402,402,864  
         

Distributed income from equity investees

     149,140,994  
         

Pretax earnings from continuing operations, as adjusted

   $ 551,543,858  
         
         

Fixed charges -

        

Interest on indebtedness (including capitalized interest)

   $ 182,010,913  

Amortization of debt related expenses

     (12,957,074 )

Portion of rents representative of the interest factor

     6,053,697  
         

Fixed charges

   $ 175,107,536  
         

Ratio of earnings to fixed charges

     3.1