EXHIBIT 12.1
Published on May 7, 2015
Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the three months ended March 31, 2015
|
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |
$ | 73,811,663 | ||
|
Add: |
||||
|
Interest on indebtedness (excluding capitalized interest) |
57,304,639 | |||
|
Amortization of debt related expenses |
(2,672,757 | ) | ||
|
Portion of rents representative of the interest factor |
2,174,413 | |||
| 130,617,958 | ||||
|
Distributed income from equity investees |
93,560,397 | |||
|
Pretax earnings from continuing operations, as adjusted |
$ | 224,178,355 | ||
|
Fixed charges - |
||||
|
Interest on indebtedness (including capitalized interest) |
$ | 58,438,740 | ||
|
Amortization of debt related expenses |
(3,847,539 | ) | ||
|
Portion of rents representative of the interest factor |
2,174,413 | |||
|
Fixed charges |
$ | 56,765,614 | ||
|
Ratio of earnings to fixed charges |
3.9 |