Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - KIMCO REALTY CORP | ex32-1.htm |
| EX-31.2 - EXHIBIT 31.2 - KIMCO REALTY CORP | ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - KIMCO REALTY CORP | ex31-1.htm |
| EX-12.2 - EXHIBIT 12.2 - KIMCO REALTY CORP | ex12-2.htm |
| 10-Q - FORM 10-Q - KIMCO REALTY CORP | kim20160817_10q.htm |
Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the nine months ended September 30, 2016
(in thousands, except for ratio)
|
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees (1) (2) |
$ | 260,485 | ||
|
Add: |
||||
|
Interest on indebtedness (excluding capitalized interest) |
151,380 | |||
|
Amortization of debt premiums, discounts and capitalized expenses |
9,764 | |||
|
Amortization of capitalized interest |
3,667 | |||
|
Portion of rents representative of the interest factor |
5,488 | |||
| 430,784 | ||||
|
Distributed income from equity investees |
70,043 | |||
|
Pretax earnings from continuing operations, as adjusted |
$ | 500,827 | ||
|
Fixed charges - |
||||
|
Interest on indebtedness (excluding capitalized interest) |
$ | 151,380 | ||
|
Capitalized interest |
6,783 | |||
|
Amortization of debt premiums, discounts and capitalized expenses |
9,764 | |||
|
Portion of rents representative of the interest factor |
5,488 | |||
|
Fixed charges |
$ | 173,415 | ||
|
Ratio of earnings to fixed charges |
2.9 |
(1) Includes an aggregate gain on liquidation of real estate joint venture interests of $135.6 million.
(2) Includes early extinguishment of debt charges of $45.7 million.