Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the six months ended, June 30, 2012

Pretax earnings from continuing operations before adjustment for    noncontrolling interests or income loss from equity investees	$	22,371,295
Add:
Interest on indebtedness (excluding capitalized interest)		115,373,560
Amortization of debt related expenses		4,060,093
Portion of rents representative of the    interest factor		3,408,035
		145,212,983
Distributed income from equity investees		115,627,284
Pretax earnings from continuing operations, as adjusted	$	260,840,267
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	116,299,648
Amortization of debt related expenses		1,772,964
Portion of rents representative of the     interest factor		3,408,035
Fixed charges	$	121,480,647
Ratio of earnings to fixed charges		2.1