Exhibit 12.1 |
Kimco Realty Corporation and Subsidiaries |
Computation of Ratio of Earnings to Fixed Charges |
For the six months ended June 30, 2016 |
(in thousands, except for ratio) |
Pretax earnings from continuing operations before adjustment fornoncontrolling interests or income loss from equity investees (1) | $ | 262,854 | ||
Add: | ||||
Interest on indebtedness (excluding capitalized interest) | 104,537 | |||
Amortization of debt premiums, discounts and capitalized expenses | 6,934 | |||
Amortization of capitalized interest | 2,432 | |||
Portion of rents representative of the interest factor | 3,690 | |||
380,447 | ||||
Distributed income from equity investees | 54,029 | |||
Pretax earnings from continuing operations, as adjusted | $ | 434,476 | ||
Fixed charges - | ||||
Interest on indebtedness (excluding capitalized interest) | $ | 104,537 | ||
Capitalized interest | 3,762 | |||
Amortization of debt premiums, discounts and capitalized expenses | 6,934 | |||
Portion of rents representative of the interest factor | 3,690 | |||
Fixed charges | $ | 118,923 | ||
Ratio of earnings to fixed charges | 3.7 |
(1) Includes an aggregate gain on liquidation of real estate joint venture interests of $136.0 million. |