Exhibit 12.1
KIMCO REALTY CORPORATION AND SUBSIDIARIES | ||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||
For the six months ended June 30, 2018 | ||
(in thousands, except for ratio) |
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees | $ | 253,577 | ||
Add: | ||||
Interest on indebtedness (excluding capitalized interest) | 96,018 | |||
Amortization of debt premiums, discounts and capitalized expenses | (901 | ) | ||
Amortization of capitalized interest | 2,750 | |||
Portion of rents representative of the interest factor | 3,635 | |||
355,079 | ||||
Distributed income from equity investees | 67,005 | |||
Pretax earnings from continuing operations, as adjusted | $ | 422,084 | ||
Fixed charges - | ||||
Interest on indebtedness (excluding capitalized interest) | $ | 96,018 | ||
Capitalized interest | 8,199 | |||
Amortization of debt premiums, discounts and capitalized expenses | (901 | ) | ||
Portion of rents representative of the interest factor | 3,635 | |||
Fixed charges | $ | 106,951 | ||
Ratio of earnings to fixed charges | 3.9 |