EX-12 2 ex12-1.htm EXHIBIT 12.1

Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the nine months ended September 30, 2014

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |  | $ | 65,842,866 |
Add: |  |  |  |
Interest on indebtedness (excluding capitalized interest) |  |  | 158,722,131 |
Amortization of debt related expenses |  |  | 2,907,532 |
Portion of rents representative of the interest factor |  |  | 6,124,486 |
|  |  | 233,597,015 |
Distributed income from equity investees |  |  | 186,628,572 |
Pretax earnings from continuing operations, as adjusted |  | $ | 420,225,587 |
Fixed charges - |  |  |  |
Interest on indebtedness (including capitalized interest) |  | $ | 160,010,200 |
Amortization of debt related expenses |  |  | (577,620 | )
Portion of rents representative of the interest factor |  |  | 6,124,486 |
Fixed charges |  | $ | 165,557,066 |
Ratio of earnings to fixed charges |  |  | 2.5 |