Exhibit 12.2
KIMCO REALTY CORPORATION AND SUBSIDIARIES | ||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | ||
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 | ||
Combined fixed charges and preferred stock dividends - | ||||
Interest on indebtedness (excluding capitalized interest) | $ | 96,018 | ||
Capitalized interest | 8,199 | |||
Preferred dividend factor | 29,186 | |||
Amortization of debt premiums, discounts and capitalized expenses | (901 | ) | ||
Portion of rents representative of the interest factor | 3,635 | |||
Combined fixed charges and preferred stock dividends | $ | 136,137 | ||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 3.1 |