EXHIBIT 12.1
Published on November 3, 2014
Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the nine months ended September 30, 2014
|
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |
$ | 65,842,866 | ||
|
Add: |
||||
|
Interest on indebtedness (excluding capitalized interest) |
158,722,131 | |||
|
Amortization of debt related expenses |
2,907,532 | |||
|
Portion of rents representative of the interest factor |
6,124,486 | |||
| 233,597,015 | ||||
|
Distributed income from equity investees |
186,628,572 | |||
|
Pretax earnings from continuing operations, as adjusted |
$ | 420,225,587 | ||
|
Fixed charges - |
||||
|
Interest on indebtedness (including capitalized interest) |
$ | 160,010,200 | ||
|
Amortization of debt related expenses |
(577,620 | ) | ||
|
Portion of rents representative of the interest factor |
6,124,486 | |||
|
Fixed charges |
$ | 165,557,066 | ||
|
Ratio of earnings to fixed charges |
2.5 |