EX-12.1 2 exh12_1.htm Exhibit 12.1

Exhibit 12.1


Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the nine months ended September 30, 2010



Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees

$

55,012,685

 

 

 

 

 

 

Add:

 

 

   Interest on indebtedness (excluding capitalized interest)

 

178,762,511

   Amortization of debt related expenses

 

4,801,685

   Portion of rents representative of the

 

 

     interest factor

 

6,181,192

 

 

244,758,073

 

 

 

Distributed income from equity investees

 

89,033,592

 

 

 

       Pretax earnings from continuing operations, as adjusted

$

333,791,665

 

 

 

 

 

 

Fixed charges -

 

 

   Interest on indebtedness (including capitalized interest)

$

190,520,942

   Amortization of debt related expenses

 

1,709,648

   Portion of rents representative of the interest factor

 

6,181,192

 

 

 

        Fixed charges

$

198,411,782

 

 

 

Ratio of earnings to fixed charges

 

1.68