EXHIBIT 12.1
Published on February 27, 2015
Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the year ended December 31, 2014
|
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |
$ | 102,726,009 | ||
|
Add: |
||||
|
Interest on indebtedness (excluding capitalized interest) |
212,081,486 | |||
|
Amortization of debt related expenses |
2,025,069 | |||
|
Portion of rents representative of the interest factor |
8,435,339 | |||
| 325,267,903 | ||||
|
Distributed income from equity investees |
255,531,665 | |||
|
Pretax earnings from continuing operations, as adjusted |
$ | 580,799,568 | ||
|
Fixed charges - |
||||
|
Interest on indebtedness (including capitalized interest) |
$ | 213,369,556 | ||
|
Amortization of debt related expenses |
(2,631,332 | ) | ||
|
Portion of rents representative of the interest factor |
8,435,339 | |||
|
Fixed charges |
$ | 219,173,563 | ||
|
Ratio of earnings to fixed charges |
2.6 |
120