EXHIBIT 12.2
Published on April 27, 2018
Exhibit 12.2
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KIMCO REALTY CORPORATION AND SUBSIDIARIES |
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COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS |
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For the three months ended March 31, 2018 |
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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 |
$ | 117,144 | ||
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Add: |
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Interest on indebtedness (excluding capitalized interest) |
50,033 | |||
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Amortization of debt premiums, discounts and capitalized expenses |
(547 | ) | ||
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Amortization of capitalized interest |
1,363 | |||
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Portion of rents representative of the interest factor |
1,840 | |||
| 169,833 | ||||
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Distributed income from equity investees |
34,661 | |||
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Pretax earnings from continuing operations, as adjusted |
$ | 204,494 | ||
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Combined fixed charges and preferred stock dividends - |
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Interest on indebtedness (excluding capitalized interest) |
$ | 50,033 | ||
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Capitalized interest |
3,777 | |||
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Preferred dividend factor |
14,595 | |||
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Amortization of debt premiums, discounts and capitalized expenses |
(547 | ) | ||
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Portion of rents representative of the interest factor |
1,840 | |||
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Combined fixed charges and preferred stock dividends |
$ | 69,698 | ||
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
2.9 |