EX-12.1 3 ex_104883.htm EXHIBIT 12.1 ex_104883.htm

Exhibit 12.1

 

 

KIMCO REALTY CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the year ended December 31, 2017

(in thousands, except for ratio)

 

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

   $ 239,867  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     191,483  

Amortization of debt premiums, discounts and capitalized expenses

     8,118  

Amortization of capitalized interest

     5,208  

Portion of rents representative of the interest factor

     7,287  
      451,963  
         

Distributed income from equity investees

     58,189  
         

Pretax earnings from continuing operations, as adjusted

   $ 510,152  
         
         

Fixed charges -

        

Interest on indebtedness (excluding capitalized interest)

   $ 191,483  

Capitalized interest

     14,480  

Amortization of debt premiums, discounts and capitalized expenses

     8,118  

Portion of rents representative of the interest factor

     7,287  
         

Fixed charges

   $ 221,368  
         

Ratio of earnings to fixed charges

     2.3