EX-12.2 3 ex12-2.htm EXHIBIT 12.2 ex12-2.htm

Exhibit 12.2

Kimco Realty Corporation and Subsidiaries

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

For the three months ended March 31, 2015

 

 

 

 

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

   $ 73,811,663  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     57,304,639  

Amortization of debt related expenses

     (2,672,757 )

Portion of rents representative of the interest factor

     2,174,413  
      130,617,958  
         

Distributed income from equity investees

     93,560,397  
         

Pretax earnings from continuing operations, as adjusted

   $ 224,178,355  
         
         

Combined fixed charges and preferred stock dividends -

        

Interest on indebtedness (including capitalized interest)

   $ 58,438,740  

Preferred dividend factor

     15,165,899  

Amortization of debt related expenses

     (3,847,539 )

Portion of rents representative of the interest factor

     2,174,413  
         

Combined fixed charges and preferred stock dividends

   $ 71,931,513  
         

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

     3.1