Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Funds from Operations
to Combined Fixed Charges and Preferred Stock Dividends
For the Year Ended December 31, 2000
Funds from Operations, Available to Common Stockholders $254,141,242
Add:
Interest on indebtedness 90,290,264
Preferred stock dividends 26,328,281
Portion of rents representative of the
interest factor 5,679,310
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376,439,097
Adjustment for equity share in partnerships (20,793,210)
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Funds from Operations, as adjusted $355,645,887
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Combined fixed charges and preferred stock dividends-
Interest on indebtedness $94,840,265
Preferred stock dividends 26,328,281
Portion of rents representative of the
interest factor 5,679,310
------------
Combined fixed charges and preferred stock dividends $126,847,856
============
Ratio of Funds from Operations to Combined Fixed Charges
and Preferred Stock Dividends 2.8
============
72