Attached files

file filename
10-Q - FORM 10-Q - KIMCO REALTY CORPkim20170930_10q.htm
EX-32.1 - EXHIBIT 32.1 - KIMCO REALTY CORPex_96675.htm
EX-31.2 - EXHIBIT 31.2 - KIMCO REALTY CORPex_96674.htm
EX-31.1 - EXHIBIT 31.1 - KIMCO REALTY CORPex_96673.htm
EX-12.1 - EXHIBIT 12.1 - KIMCO REALTY CORPex_96671.htm

Exhibit 12.2

 

KIMCO REALTY CORPORATION AND SUBSIDIARIES

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

For the nine months ended September 30, 2017

(in thousands, except for ratio)

 

 

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees

  $ 182,724  
         
         

Add:

       

Interest on indebtedness (excluding capitalized interest)

    139,419  

Amortization of debt premiums, discounts and capitalized expenses

    8,671  

Amortization of capitalized interest

    3,870  

Portion of rents representative of the interest factor

    5,491  
      340,175  
         

Distributed income from equity investees

    41,071  
         

Pretax earnings from continuing operations, as adjusted

  $ 381,246  
         
         

Combined fixed charges and preferred stock dividends -

       

Interest on indebtedness (excluding capitalized interest)

  $ 139,419  

Capitalized interest

    10,671  

Preferred dividend factor

    35,168  

Amortization of debt premiums, discounts and capitalized expenses

    8,671  

Portion of rents representative of the interest factor

    5,491  
         

Combined fixed charges and preferred stock dividends

  $ 199,420  
         

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

    1.9