Form: S-3ASR

Automatic shelf registration statement of securities of well-known seasoned issuers

May 9, 2006

Documents

Exhibit 12(a)

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges

                                 
                                 
    For the year ended December 31,  
   
 
      2005     2004     2003     2002     2001  
   
 
 
 
 
 
                                 
Pretax earnings from continuing operations before adjustment for minority interests or income/loss from equity investees
  $ 235,151,847   $ 212,084,218   $ 195,182,251   $ 214,400,340   $ 211,716,265  
                                 
                                 
Add:                                
Interest on indebtedness (excluding capitalized interest)
     126,657,467     107,772,945     99,996,284     85,771,695     87,629,198  
Amortization of debt related expenses
     4,293,975     2,247,702     4,642,201     3,060,946     2,593,442  
Portion of rents representative of the interest factor
     6,004,270     5,250,441     5,697,237     5,910,534     6,005,312  
   
 
 
 
 
 
      372,107,559     327,355,306     305,517,974     309,143,515     307,944,217  
                                 
Distributed income from equity investees     116,765,424     94,994,050     67,712,364     40,274,767     36,376,934  
   
 
 
 
 
 
                                 
Pretax earnings from continuing operations, as adjusted
   $ 488,872,983   $ 422,349,356   $ 373,230,338   $ 349,418,282   $ 344,321,151  
   
 
 
 
 
 
                                 
Fixed charges -                                
Interest on indebtedness (including capitalized interesst)
   $ 139,244,090   $ 116,504,453     108,883,362   $ 94,860,415   $ 95,553,248  
Amortization of debt related expenses
     3,028,118     1,223,385     3,851,301     2,504,105     2,243,817  
Portion of rents representative of the interest factor
     6,004,270     5,250,441     5,697,237     5,910,534     6,005,312  
   
 
 
 
 
 
                             
Fixed charges
   $ 148,276,478   $ 122,978,279   $ 118,431,900   $ 103,275,054   $ 103,802,377  
   
 
 
 
 
 
                                 
Ratio of earnings to fixed charges     3.3     3.4     3.2     3.4     3.3  
   
 
 
 
 
 

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

                                 
                                 
     For the year ended December 31,  
   
 
   2005    2004    2003      2002    2001  
 
 
 
   
 
 
                                 
Pretax earnings from continuing operations before adjustment for minority interests or income/loss from equity investees
$ 235,151,847   $ 212,084,218   $ 195,182,251     $ 214,400,340   $ 211,716,265  
                                 
                                 
Add:
                                
Interest on indebtedness (excluding capitalized interest)
  126,657,467     107,772,945     99,996,284       85,771,695     87,629,198  
Amortization of debt related expenses
  4,293,975     2,247,702     4,642,201       3,060,946     2,593,442  
Portion of rents representative of the interest factor
  6,004,270     5,250,441     5,697,237       5,910,534     6,005,312  
 
 
 
   
 
 
    372,107,559     327,355,306     305,517,973       309,143,514     307,944,217  
                                 
Distributed income from equity investees
   116,765,424     94,994,050     67,712,364       40,274,767     36,376,934  
 
 
 
   
 
 
                                 
Pretax earnings from continuing operations, as adjusted
  488,872,983   $ 422,349,356   $ 373,230,337     $ 349,418,281   $ 344,321,151  
 
 
 
   
 
 
                                 
Fixed charges -
                                
Interest on indebtedness (including capitalized interesst)
$ 139,244,090   $ 116,504,453   $ 108,883,362     $ 94,860,415   $ 95,553,248  
Preferred stock dividends
  12,029,524     11,982,047     15,181,409       19,447,507     26,809,172  
Amortization of debt related expenses
  3,028,118     1,223,385     3,851,301       2,504,105     2,243,817  
Portion of rents representative of the interest factor
  6,004,270     5,250,441     5,697,237       5,910,534     6,005,312  
 
 
 
   
 
 
                                 
Combined fixed charges and preferred stock dividends
$ 160,306,002   $ 134,960,326   $ 133,613,309     $ 122,722,560   $ 130,611,549  
 
 
 
   
 
 
                                 
Ratio of earnings to combined fixed charges and preferred stock dividends
   3.0     3.1     2.8       2.8     2.6