Exhibit 12.1 |
KIMCO REALTY CORPORATION AND SUBSIDIARIES |
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
For the six months ended June 30, 2017 |
(in thousands, except for ratio) |
Pretax earnings from continuing operations before adjustment for noncontrolling interestsor income loss from equity investees | $ | 90,256 | ||
Add: | ||||
Interest on indebtedness (excluding capitalized interest) | 92,104 | |||
Amortization of debt premiums, discounts and capitalized expenses | 5,687 | |||
Amortization of capitalized interest | 2,559 | |||
Portion of rents representative of the interest factor | 3,665 | |||
194,271 | ||||
Distributed income from equity investees | 27,678 | |||
Pretax earnings from continuing operations, as adjusted | $ | 221,949 | ||
Fixed charges - | ||||
Interest on indebtedness (excluding capitalized interest) | $ | 92,104 | ||
Capitalized interest | 6,442 | |||
Amortization of debt premiums, discounts and capitalized expenses | 5,687 | |||
Portion of rents representative of the interest factor | 3,665 | |||
Fixed charges | $ | 107,898 | ||
Ratio of earnings to fixed charges | 2.1 |