Exhibit 99.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the three months ended March 31, 2008

Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees	$	57,239,936
Add:
Interest on indebtedness (excluding capitalized interest)		54,299,033
Amortization of debt related expenses		1,129,921
Portion of rents representative of the interest factor		1,894,313
		114,563,203
Distributed income from equity investees		53,708,662
Pretax earnings from continuing operations, as adjusted	$	168,271,865
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	60,698,176
Amortization of debt related expenses		449,711
Portion of rents representative of the interest factor		1,894,313
Fixed charges	$	63,042,200
Ratio of earnings to fixed charges		2.7

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the three months ended March 31, 2008

Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees	$	57,239,936
Add:
Interest on indebtedness (excluding capitalized interest)		54,299,033
Amortization of debt related expenses		1,129,921
Portion of rents representative of the interest factor		1,894,313
		114,563,203
Distributed income from equity investees		53,708,662
Pretax earnings from continuing operations, as adjusted	$	168,271,865
Combined fixed charges and preferred stock dividends-
Interest on indebtedness (including capitalized interest)	$	60,698,176
Preferred dividend factor		13,189,861
Amortization of debt related expenses		449,711
Portion of rents representative of the interest factor		1,894,313
Combined fixed charges and preferred stock dividends	$	76,232,061
Ratio of earnings to Combined Fixed Charges and Preferred Stock Dividends		2.2