Exhibit 12.2

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, 2011

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	17,387,598
Add:
Interest on indebtedness (excluding capitalized interest)		55,122,029
Amortization of debt related expenses		2,263,645
Portion of rents representative of the
interest factor		1,937,731
		76,711,003
Distributed income from equity investees		29,743,281
Pretax earnings from continuing operations, as adjusted	$	106,454,284
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest)	$	57,857,293
Preferred dividend factor		16,859,245
Amortization of debt related expenses		1,167,481
Portion of rents representative of the interest factor		1,937,731
Combined fixed charges and preferred stock dividends	$	77,821,750
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends		1.37