Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends For the Year Ended December 31, 2000
Income before extraordinary items $205,024,840
Add:
Interest on indebtedness 90,290,264
Amortization of debt related expenses 2,394,189
Portion of rents representative of the
interest factor 5,679,310
------------
303,388,603
Adjustment for equity share in partnerships (12,515,764)
------------
Income before extraordinary items, as adjusted $290,872,839
============
Combined fixed charges and preferred stock dividends--
Interest on indebtedness 94,840,265
Preferred stock dividends 26,328,281
Amortization of debt related expenses 2,158,792
Portion of rents representative of the
interest factor 5,679,310
------------
Combined fixed charges and preferred stock dividends $129,006,648
============
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends 2.3
============
71