Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the year ended December 31, 2008
Pretax earnings from continuing operations before adjustment for |
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minority interests or income loss from equity investees | $ | 47,418,852 |
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Add: |
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Interest on indebtedness (excluding capitalized interest) |
| 213,156,103 |
Amortization of debt related expenses |
| 5,160,325 |
Portion of rents representative of the |
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interest factor |
| 7,740,485 |
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| 273,475,765 |
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Distributed income from equity investees |
| 261,993,161 |
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Pretax earnings from continuing operations, as adjusted | $ | 535,468,926 |
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Fixed charges - |
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Interest on indebtedness (including capitalized interest) | $ | 241,850,328 |
Amortization of debt related expenses |
| 2,163,271 |
Portion of rents representative of the |
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interest factor |
| 7,740,485 |
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Fixed charges | $ | 251,754,084 |
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Ratio of earnings to fixed charges |
| 2.1 |
397