Exhibit 12.1 | ||
Kimco Realty Corporation and Subsidiaries | ||
Computation of Ratio of Earnings to Fixed Charges | ||
For the nine months ended September 30, 2012 | ||
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees | $ | 41,363,282 | ||
Add: | ||||
Interest on indebtedness (excluding capitalized interest) | 172,956,223 | |||
Amortization of debt related expenses | 6,019,458 | |||
Portion of rents representative of the interest factor | 5,185,705 | |||
225,524,668 | ||||
Distributed income from equity investees | 150,720,770 | |||
Pretax earnings from continuing operations, as adjusted | $ | 376,245,438 | ||
Fixed charges - | ||||
Interest on indebtedness (including capitalized interest) | $ | 174,228,902 | ||
Amortization of debt related expenses | 2,584,838 | |||
Portion of rents representative of the interest factor | 5,185,705 | |||
Fixed charges | $ | 181,999,445 | ||
Ratio of earnings to fixed charges | 2.1 |