EXHIBIT 12.1
Published on October 27, 2017
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 nine months ended September 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 |
$ | 182,724 | ||
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Add: |
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Interest on indebtedness (excluding capitalized interest) |
139,419 | |||
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Amortization of debt premiums, discounts and capitalized expenses |
8,671 | |||
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Amortization of capitalized interest |
3,870 | |||
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Portion of rents representative of the interest factor |
5,491 | |||
| 340,175 | ||||
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Distributed income from equity investees |
41,071 | |||
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Pretax earnings from continuing operations, as adjusted |
$ | 381,246 | ||
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Fixed charges - |
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Interest on indebtedness (excluding capitalized interest) |
$ | 139,419 | ||
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Capitalized interest |
10,671 | |||
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Amortization of debt premiums, discounts and capitalized expenses |
8,671 | |||
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Portion of rents representative of the interest factor |
5,491 | |||
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Fixed charges |
$ | 164,252 | ||
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Ratio of earnings to fixed charges |
2.3 |