Exhibit 12.2 |
Kimco Realty Corporation and Subsidiaries |
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
For the three months ended March 31, 2016 |
(in thousands, except for ratio) |
Pretax earnings from continuing operations before adjustment fornoncontrolling interests or income loss from equity investees (1) | $ | 132,409 | ||
Add: | ||||
Interest on indebtedness (excluding capitalized interest) | 53,237 | |||
Amortization of debt premiums, discounts and capitalized expenses | 4,269 | |||
Amortization of capitalized interest | 1,211 | |||
Portion of rents representative of the interest factor | 1,854 | |||
192,980 | ||||
Distributed income from equity investees | 26,730 | |||
Pretax earnings from continuing operations, as adjusted | $ | 219,710 | ||
Combined fixed charges and preferred stock dividends - | ||||
Interest on indebtedness (excluding capitalized interest) | $ | 53,237 | ||
Capitalized interest | 1,699 | |||
Preferred dividend factor | 12,499 | |||
Amortization of debt premiums, discounts and capitalized expenses | 4,269 | |||
Portion of rents representative of the interest factor | 1,854 | |||
Combined fixed charges and preferred stock dividends | $ | 73,558 | ||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 3.0 |
(1) Includes an aggregate gain on liquidation of real estate joint venture interests of $50.9 million. |