EX-12.1 2 ex_118061.htm EXHIBIT 12.1 ex_118061.htm

Exhibit 12.1

 

 

KIMCO REALTY CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the six months ended June 30, 2018

(in thousands, except for ratio)

 

 

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

   $ 253,577  
         
         

Add:

        

Interest on indebtedness (excluding capitalized interest)

     96,018  

Amortization of debt premiums, discounts and capitalized expenses

     (901 )

Amortization of capitalized interest

     2,750  

Portion of rents representative of the interest factor

     3,635  
      355,079  
         

Distributed income from equity investees

     67,005  
         

Pretax earnings from continuing operations, as adjusted

   $ 422,084  
         
         

Fixed charges -

        

Interest on indebtedness (excluding capitalized interest)

   $ 96,018  

Capitalized interest

     8,199  

Amortization of debt premiums, discounts and capitalized expenses

     (901 )

Portion of rents representative of the interest factor

     3,635  
         

Fixed charges

   $ 106,951  
         

Ratio of earnings to fixed charges

     3.9