EXHIBIT 99.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the nine months ended September 30, 2005
Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees $171,339,128
Add:
Interest on indebtedness (excluding capitalized interest) 92,154,336
Amortization of debt related expenses 2,574,557
Portion of rents representative of the
interest factor 4,177,235
------------
270,245,256
Distributed income from equity investees 87,543,942
------------
Pretax earnings from continuing operations, as adjusted $357,789,198
============
Fixed charges -
Interest on indebtedness (including capitalized interest) $100,711,040
Amortization of debt related expenses 1,702,089
Portion of rents representative of the
interest factor 4,177,235
------------
Fixed charges $106,590,364
============
Ratio of earnings to fixed charges 3.4
============
EXHIBIT 99.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends
For the nine months ended September 30, 2005
Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees $171,339,128
Add:
Interest on indebtedness (excluding capitalized interest) 92,154,336
Amortization of debt related expenses 2,574,557
Portion of rents representative of the
interest factor 4,177,235
------------
270,245,256
Distributed income from equity investees 87,543,942
------------
Pretax earnings from continuing operations, as adjusted $357,789,198
============
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest) $100,711,040
Preferred dividend factor 9,193,516
Amortization of debt related expenses 1,702,089
Portion of rents representative of the
interest factor 4,177,235
------------
Combined fixed charges and preferred stock dividends $115,783,880
============
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends 3.1
============