Kimco Realty (KIM) 10-Q 2017 Q1 Quarterly report

Exhibit 12.1

KIMCO REALTY CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the three months ended March 31, 2017

(in thousands, except for ratio)

Pretax earnings from continuing operations before adjustment for noncontrolling interestsor income loss from equity investees	$	49,114
Add:
Interest on indebtedness (excluding capitalized interest)		46,027
Amortization of debt premiums, discounts and capitalized expenses		1,860
Amortization of capitalized interest		1,270
Portion of rents representative of the interest factor		1,878
		100,149
Distributed income from equity investees		13,258
Pretax earnings from continuing operations, as adjusted	$	113,407
Fixed charges -
Interest on indebtedness (excluding capitalized interest)	$	46,027
Capitalized interest		2,883
Amortization of debt premiums, discounts and capitalized expenses		1,860
Portion of rents representative of the interest factor		1,878
Fixed charges	$	52,648
Ratio of earnings to fixed charges		2.2