Exhibit 12.1
Kimco Realty Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the nine months ended September 30, 2012

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	41,363,282
Add:
Interest on indebtedness (excluding capitalized interest)		172,956,223
Amortization of debt related expenses		6,019,458
Portion of rents representative of the interest factor		5,185,705
		225,524,668
Distributed income from equity investees		150,720,770
Pretax earnings from continuing operations, as adjusted	$	376,245,438
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	174,228,902
Amortization of debt related expenses		2,584,838
Portion of rents representative of the interest factor		5,185,705
Fixed charges	$	181,999,445
Ratio of earnings to fixed charges		2.1