EXHIBIT 12.1
Published on April 27, 2018
Exhibit 12.1
|
KIMCO REALTY CORPORATION AND SUBSIDIARIES |
|
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
|
For the three months ended March 31, 2018 |
|
(in thousands, except for ratio) |
|
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |
$ | 117,144 | ||
|
Add: |
||||
|
Interest on indebtedness (excluding capitalized interest) |
50,033 | |||
|
Amortization of debt premiums, discounts and capitalized expenses |
(547 | ) | ||
|
Amortization of capitalized interest |
1,363 | |||
|
Portion of rents representative of the interest factor |
1,840 | |||
| 169,833 | ||||
|
Distributed income from equity investees |
34,661 | |||
|
Pretax earnings from continuing operations, as adjusted |
$ | 204,494 | ||
|
Fixed charges - |
||||
|
Interest on indebtedness (excluding capitalized interest) |
$ | 50,033 | ||
|
Capitalized interest |
3,777 | |||
|
Amortization of debt premiums, discounts and capitalized expenses |
(547 | ) | ||
|
Portion of rents representative of the interest factor |
1,840 | |||
|
Fixed charges |
$ | 55,103 | ||
|
Ratio of earnings to fixed charges |
3.7 |