EXHIBIT 12.1
Published on May 8, 2014
Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the three months ended March 31, 2014
|
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |
$ | 27,488,936 | ||
|
Add: |
||||
|
Interest on indebtedness (excluding capitalized interest) |
51,352,881 | |||
|
Amortization of debt related expenses |
1,758,635 | |||
|
Portion of rents representative of the interest factor |
1,930,232 | |||
| 82,530,684 | ||||
|
Distributed income from equity investees |
68,690,980 | |||
|
Pretax earnings from continuing operations, as adjusted |
$ | 151,221,664 | ||
|
Fixed charges - |
||||
|
Interest on indebtedness (including capitalized interest) |
$ | 51,649,614 | ||
|
Amortization of debt related expenses |
599,126 | |||
|
Portion of rents representative of the interest factor |
1,930,232 | |||
|
Fixed charges |
$ | 54,178,972 | ||
|
Ratio of earnings to fixed charges |
2.8 |