Exhibit 12.2

DDR Corp.

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

(Amounts in Thousands)

	Year Ended December 31,															Six Months Ended June 30,
	2010			2011			2012			2013			2014			2014			2015
Pretax (loss) income from continuing operations	$	(122,886	)	$	(1,469	)	$	35,166		$	24,571		$	26,022		$	49,487		$	(218,394	)
Fixed charges:
Interest expense including amortization of deferred costs and capitalized interest	$	248,586		$	249,907		$	236,716		$	242,614		$	255,744		$	129,824		$	127,506
Appropriate portion of rentals representative of the interest factor		1,610			1,407			1,405			1,338			1,278			667			583
Write-off of preferred share original issuance costs		—			6,402			5,804			5,246			1,943			1,943			—
Preferred Dividends		42,269			31,587			28,645			27,721			24,054			12,867			11,188
Total fixed charges	$	292,465		$	289,303		$	272,570		$	276,919		$	283,019		$	145,301		$	139,277
Capitalized interest during the period	$	(12,232	)	$	(12,693	)	$	(13,327	)	$	(8,789	)	$	(8,678	)	$	(3,987	)	$	(3,199	)
Write-off of preferred share original issuance costs		—			(6,402	)		(5,804	)		(5,246	)		(1,943	)		(1,943	)		—
Preferred Dividends		(42,269	)		(31,587	)		(28,645	)		(27,721	)		(24,054	)		(12,867	)		(11,188	)
Amortization of capitalized interest during the period		7,855			8,278			8,722			9,015			9,304			4,574			4,705
Equity Company Adjustments		(5,600	)		(13,734	)		(35,250	)		(6,819	)		(10,989	)		(6,621	)		(1,703	)
Equity Company Adjustments Distributed Income		7,334			9,424			13,165			15,116			10,749			3,314			4,021
Earnings before income taxes and fixed charges	$	124,667		$	241,120		$	246,597		$	277,046		$	283,430		$	177,258		$	(86,481	)
Ratio of earnings to combined fixed charges and preferred dividends		(a)			(b)			(c)			1.0			1.0			1.2			(d)

(a) Due to the pretax loss from continuing operations for the year ended December 31, 2010, the ratio coverage was less than 1:1. We would have needed to generate additional earnings of $167.8 million to achieve a coverage of 1:1.

The pretax loss from continuing operations for the year ended December 31, 2010, includes consolidated impairment charges of $84.9 million and losses on equity derivative instruments of $40.2 million, which together aggregate $125.1 million.

(b) Due to the pretax loss from continuing operations for the year ended December 31, 2011, the ratio coverage was less than 1:1. We would have needed to generate additional earnings of $48.2 million to achieve a coverage of 1:1.

The pretax loss from continuing operations for the year ended December 31, 2011, includes consolidated impairment charges of $63.2 million and impairment charges of joint venture investments of $2.9 million, which together aggregate $66.1 million.

(c) For the year ended December 31, 2012, the ratio coverage was less than 1:1. We would have needed to generate additional earnings of $26.0 million to achieve a coverage of 1:1.

The pretax income from continuing operations for the year ended December 31, 2012, includes consolidated impairment charges of $46.7 million and impairment charges of joint venture investments of $26.7 million, which together aggregate $73.4 million, that are discussed in our Annual Report on Form 10-K for the year ended December 31, 2014, as amended.

(d) Due to the pretax loss from continuing operations for the six months ended June 30, 2015, the ratio coverage was less than 1:1. We would have needed to generate additional earnings of $225.8 million to achieve a coverage of 1:1.

The pretax loss from continuing operations for the six months ended June 30, 2015, includes consolidated impairment charges of $279.0 million, that are discussed in our Quarterly Report on Form 10-Q for the six months ended June 30, 2015.