EX-12.2 3 exh12_2.htm COMPUTATION OF RATION EARNINGS COMBINED FIXED CHARGES

Exhibit 12.2

 

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the nine months ended September 30, 2007

 

Pretax earnings from continuing operations before adjustment for

 

 

 

 

minority interests or income loss from equity investees

 

$

108,238,440

 

 

 

 

 

 

Add:

 

 

 

 

Interest on indebtedness (excluding capitalized interest)

 

 

158,637,587

 

Amortization of debt related expenses

 

 

2,001,449

 

Portion of rents representative of the

 

 

 

 

interest factor

 

 

5,341,520

 

 

 

 

274,218,996

 

 

 

 

 

 

Distributed income from equity investees

 

 

302,946,262

 

 

 

 

 

 

Pretax earnings from continuing operations, as adjusted

 

$

577,165,258

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends —

 

 

 

 

Interest on indebtedness (including capitalized interest)

 

$

178,186,734

 

Preferred dividend factor

 

 

8,728,125

 

Amortization of debt related expenses

 

 

332,312

 

Portion of rents representative of the

 

 

 

 

interest factor

 

 

5,341,520

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends

 

$

192,588,691

 

 

 

 

 

 

Ratio of Earnings to Combined Fixed Charges

 

 

 

 

and Preferred Stock Dividends

 

 

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