EX-12.2 3 ex_110642.htm EXHIBIT 12.2 ex_110642.htm

Exhibit 12.2

 

KIMCO REALTY CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

For the three months ended March 31, 2018

(in thousands, except for ratio)

 

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

   $ 117,144  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     50,033  

Amortization of debt premiums, discounts and capitalized expenses

     (547 )

Amortization of capitalized interest

     1,363  

Portion of rents representative of the interest factor

     1,840  
      169,833  
         

Distributed income from equity investees

     34,661  
         

Pretax earnings from continuing operations, as adjusted

   $ 204,494  
         
         

Combined fixed charges and preferred stock dividends -

        

Interest on indebtedness (excluding capitalized interest)

   $ 50,033  

Capitalized interest

     3,777  

Preferred dividend factor

     14,595  

Amortization of debt premiums, discounts and capitalized expenses

     (547 )

Portion of rents representative of the interest factor

     1,840  
         

Combined fixed charges and preferred stock dividends

   $ 69,698  
         

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

     2.9