EX-12.2 3 f10q0615ex12ii_kimcorealty.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

Exhibit 12.2

 

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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 
      
Combined fixed charges and preferred stock dividends -     
Interest on indebtedness (including capitalized interest)  $121,179,087 
Preferred dividend factor   29,760,063 
Amortization of debt related expenses   (8,332,337)
Portion of rents representative of the interest factor   4,051,056 
      
Combined fixed charges and preferred stock dividends  $146,657,869 
      
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends   2.8