EXHIBIT 12.1
Published on July 28, 2017
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Exhibit 12.1 |
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KIMCO REALTY CORPORATION AND SUBSIDIARIES |
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
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For the six months ended June 30, 2017 |
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(in thousands, except for ratio) |
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Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |
$ | 90,256 | ||
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Add: |
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Interest on indebtedness (excluding capitalized interest) |
92,104 | |||
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Amortization of debt premiums, discounts and capitalized expenses |
5,687 | |||
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Amortization of capitalized interest |
2,559 | |||
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Portion of rents representative of the interest factor |
3,665 | |||
| 194,271 | ||||
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Distributed income from equity investees |
27,678 | |||
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Pretax earnings from continuing operations, as adjusted |
$ | 221,949 | ||
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Fixed charges - |
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Interest on indebtedness (excluding capitalized interest) |
$ | 92,104 | ||
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Capitalized interest |
6,442 | |||
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Amortization of debt premiums, discounts and capitalized expenses |
5,687 | |||
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Portion of rents representative of the interest factor |
3,665 | |||
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Fixed charges |
$ | 107,898 | ||
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Ratio of earnings to fixed charges |
2.1 |