EXHIBIT 99.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the three months ended March 31, 2006
Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees $ 63,192,548
Add:
Interest on indebtedness (excluding capitalized interest) 39,918,322
Amortization of debt related expenses 843,812
Portion of rents representative of the
interest factor 1,631,086
---------------------
105,585,768
Distributed income from equity investees 30,549,550
---------------------
Pretax earnings from continuing operations, as adjusted $ 136,135,318
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Fixed charges -
Interest on indebtedness (including capitalized interest) $ 44,438,532
Amortization of debt related expenses 472,873
Portion of rents representative of the
interest factor 1,631,086
---------------------
Fixed charges $ 46,542,491
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Ratio of earnings to fixed charges 2.9
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EXHIBIT 99.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
For the three months ended March 31, 2006
Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees $ 63,192,548
Add:
Interest on indebtedness (excluding capitalized interest) 39,918,322
Amortization of debt related expenses 843,812
Portion of rents representative of the
interest factor 1,631,086
---------------------
105,585,768
Distributed income from equity investees 30,549,550
---------------------
Pretax earnings from continuing operations, as adjusted $ 136,135,318
=====================
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest) $ 44,438,532
Preferred dividend factor 3,008,961
Amortization of debt related expenses 472,873
Portion of rents representative of the
interest factor 1,631,086
---------------------
Combined fixed charges and preferred stock dividends $ 49,551,452
=====================
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends 2.7
=====================