Kimco Realty (KIM) 10-K 2017 FY Annual report

Exhibit 12.2

KIMCO REALTY CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

For the year ended December 31, 2017

(in thousands, except for ratio)

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	239,867
Add:
Interest on indebtedness (excluding capitalized interest)		191,483
Amortization of debt premiums, discounts and capitalized expenses		8,118
Amortization of capitalized interest		5,208
Portion of rents representative of the interest factor		7,287
		451,963
Distributed income from equity investees		58,189
Pretax earnings from continuing operations, as adjusted	$	510,152
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (excluding capitalized interest)	$	191,483
Capitalized interest		14,480
Preferred dividend factor		46,599
Amortization of debt premiums, discounts and capitalized expenses		8,118
Portion of rents representative of the interest factor		7,287
Combined fixed charges and preferred stock dividends	$	267,967
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		1.9