Exhibit 12(a)

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges

	For the year ended December 31,
		2005		2004		2003		2002		2001
Pretax earnings from continuing operations before adjustment for minority interests or income/loss from equity investees	$	235,151,847	$	212,084,218	$	195,182,251	$	214,400,340	$	211,716,265
Add:
Interest on indebtedness (excluding capitalized interest)		126,657,467		107,772,945		99,996,284		85,771,695		87,629,198
Amortization of debt related expenses		4,293,975		2,247,702		4,642,201		3,060,946		2,593,442
Portion of rents representative of the interest factor		6,004,270		5,250,441		5,697,237		5,910,534		6,005,312
		372,107,559		327,355,306		305,517,974		309,143,515		307,944,217
Distributed income from equity investees		116,765,424		94,994,050		67,712,364		40,274,767		36,376,934
Pretax earnings from continuing operations, as adjusted	$	488,872,983	$	422,349,356	$	373,230,338	$	349,418,282	$	344,321,151
Fixed charges -
Interest on indebtedness (including capitalized interesst)	$	139,244,090	$	116,504,453		108,883,362	$	94,860,415	$	95,553,248
Amortization of debt related expenses		3,028,118		1,223,385		3,851,301		2,504,105		2,243,817
Portion of rents representative of the interest factor		6,004,270		5,250,441		5,697,237		5,910,534		6,005,312
Fixed charges	$	148,276,478	$	122,978,279	$	118,431,900	$	103,275,054	$	103,802,377
Ratio of earnings to fixed charges		3.3		3.4		3.2		3.4		3.3

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

		For the year ended December 31,
	2005		2004		2003		2002		2001
Pretax earnings from continuing operations before adjustment for minority interests or income/loss from equity investees	$	235,151,847	$	212,084,218	$	195,182,251	$	214,400,340	$	211,716,265
Add:
Interest on indebtedness (excluding capitalized interest)		126,657,467		107,772,945		99,996,284		85,771,695		87,629,198
Amortization of debt related expenses		4,293,975		2,247,702		4,642,201		3,060,946		2,593,442
Portion of rents representative of the interest factor		6,004,270		5,250,441		5,697,237		5,910,534		6,005,312
		372,107,559		327,355,306		305,517,973		309,143,514		307,944,217
Distributed income from equity investees		116,765,424		94,994,050		67,712,364		40,274,767		36,376,934
Pretax earnings from continuing operations, as adjusted		488,872,983	$	422,349,356	$	373,230,337	$	349,418,281	$	344,321,151
Fixed charges -
Interest on indebtedness (including capitalized interesst)	$	139,244,090	$	116,504,453	$	108,883,362	$	94,860,415	$	95,553,248
Preferred stock dividends		12,029,524		11,982,047		15,181,409		19,447,507		26,809,172
Amortization of debt related expenses		3,028,118		1,223,385		3,851,301		2,504,105		2,243,817
Portion of rents representative of the interest factor		6,004,270		5,250,441		5,697,237		5,910,534		6,005,312
Combined fixed charges and preferred stock dividends	$	160,306,002	$	134,960,326	$	133,613,309	$	122,722,560	$	130,611,549
Ratio of earnings to combined fixed charges and preferred stock dividends		3.0		3.1		2.8		2.8		2.6