Exhibit 12.1

Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the six months ended June 30, 2015
Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	170,057,818
Add:
Interest on indebtedness (excluding capitalized interest)		118,755,000
Amortization of debt related expenses		(5,975,504	)
Portion of rents representative of the interest factor		4,051,056
		286,888,370
Distributed income from equity investees		119,525,869
Pretax earnings from continuing operations, as adjusted	$	406,414,239
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	121,179,087
Amortization of debt related expenses		(8,332,337	)
Portion of rents representative of the interest factor		4,051,056
Fixed charges	$	116,897,806
Ratio of earnings to fixed charges		3.5