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, 2013

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	25,158,409
Add:
Interest on indebtedness (excluding capitalized interest)		54,027,945
Amortization of debt related expenses		1,826,860
Portion of rents representative of the interest factor		1,784,075
		82,797,289
Distributed income from equity investees		43,320,920
Pretax earnings from continuing operations, as adjusted	$	126,118,209
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest)	$	54,247,410
Preferred dividend factor		17,794,493
Amortization of debt related expenses		675,449
Portion of rents representative of the interest factor		1,784,075
Combined fixed charges and preferred stock dividends	$	74,501,427
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		1.7