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 six months ended June 30, 2017

(in thousands, except for ratio)

 
 

 

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

   $ 90,256  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     92,104  

Amortization of debt premiums, discounts and capitalized expenses

     5,687  

Amortization of capitalized interest

     2,559  

Portion of rents representative of the interest factor

     3,665  
      194,271  
         

Distributed income from equity investees

     27,678  
         

Pretax earnings from continuing operations, as adjusted

   $ 221,949  
         
         

Fixed charges -

        

Interest on indebtedness (excluding capitalized interest)

   $ 92,104  

Capitalized interest

     6,442  

Amortization of debt premiums, discounts and capitalized expenses

     5,687  

Portion of rents representative of the interest factor

     3,665  
         

Fixed charges

   $ 107,898  
         

Ratio of earnings to fixed charges

     2.1