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, 2008
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Pretax earnings from continuing operations before adjustment for minority interests or income loss from equity investees | $ | 125,974,497 |
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Add: |
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Interest on indebtedness (excluding capitalized interest) |
| 107,814,431 |
Amortization of debt related expenses |
| 2,617,889 |
Portion of rents representative of the interest factor |
| 3,825,601 |
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| 240,232,418 |
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Distributed income from equity investees |
| 123,354,662 |
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Pretax earnings from continuing operations, as adjusted | $ | 363,587,080 |
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Combined fixed charges and preferred stock dividends - |
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Interest on indebtedness (including capitalized interest) | $ | 122,225,471 |
Preferred dividend factor |
| 26,160,391 |
Amortization of debt related expenses |
| 1,216,450 |
Portion of rents representative of the interest factor |
| 3,825,601 |
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Combined fixed charges and preferred stock dividends | $ | 153,427,913 |
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Ratio of Earnings to Combined Fixed Charges |
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and Preferred Stock Dividends |
| 2.4 |