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, 2015

(in thousands, except for ratio)

 

 

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees (1)   $ 675,657  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     222,542  

Amortization of debt premiums, discounts and capitalized expenses

     17,228  
Amortization of capitalized interest     4,746  

Portion of rents representative of the interest factor

     7,877  
      928,050  
         

Distributed income from equity investees

     126,263  
         

Pretax earnings from continuing operations, as adjusted

   $ 1,054,313  
         
         

Fixed charges -

        

Interest on indebtedness (excluding capitalized interest)

   $ 222,542  
Capitalized interest     5,618  

Amortization of debt premiums, discounts and capitalized expenses

     17,228  

Portion of rents representative of the interest factor

     7,877  
         

Fixed charges

   $ 253,265  
         

Ratio of earnings to fixed charges

     4.2  

 (1) Includes an aggregate gain on liquidation of real estate joint venture interests of $373.8 million.

 

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