EX-12.1 2 f10q0615ex12i_kimcorealty.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the six months ended June 30, 2015
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees |  | $ | 170,057,818 |
Add: |  |  |  |
Interest on indebtedness (excluding capitalized interest) |  |  | 118,755,000 |
Amortization of debt related expenses |  |  | (5,975,504 | )
Portion of rents representative of the interest factor |  |  | 4,051,056 |
|  |  | 286,888,370 |
Distributed income from equity investees |  |  | 119,525,869 |
Pretax earnings from continuing operations, as adjusted |  | $ | 406,414,239 |
Fixed charges - |  |  |  |
Interest on indebtedness (including capitalized interest) |  | $ | 121,179,087 |
Amortization of debt related expenses |  |  | (8,332,337 | )
Portion of rents representative of the interest factor |  |  | 4,051,056 |
Fixed charges |  | $ | 116,897,806 |
Ratio of earnings to fixed charges |  |  | 3.5 |