EX-12.1 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm

Exhibit 12.1

 

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the year ended December 31, 2014

 

 

 

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

  $ 102,726,009  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     212,081,486  

Amortization of debt related expenses

     2,025,069  

Portion of rents representative of the interest factor

     8,435,339  
      325,267,903  
         

Distributed income from equity investees

     255,531,665  
         

Pretax earnings from continuing operations, as adjusted

   $ 580,799,568  
         
         

Fixed charges -

        

Interest on indebtedness (including capitalized interest)

   $ 213,369,556  

Amortization of debt related expenses

     (2,631,332 )

Portion of rents representative of the interest factor

     8,435,339  
         

Fixed charges

   $ 219,173,563  
         

Ratio of earnings to fixed charges

     2.6  

 

120