Exhibit 12.1

 

 

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the three months ended, March 31, 2012

 

 

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees		$	9,268,666
Add:
Interest on indebtedness (excluding capitalized interest)			57,473,411
Amortization of debt related expenses (including capitalized interest)			2,298,146
Portion of rents representative of the interest factor			1,883,644
			70,923,867
Distributed income from equity investees			60,453,071
Pretax earnings from continuing operations, as adjusted		$	131,376,938
Fixed charges -
Interest on indebtedness (including capitalized interest)		$	58,100,527
Amortization of debt related expenses			1,156,591
Portion of rents representative of the interest factor			1,883,644
Fixed charges		$	61,140,762
Ratio of earnings to fixed charges			2.15