Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the nine months ended September 30, 2013

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	(14,802,811	)
Add:
Interest on indebtedness (excluding capitalized interest)		164,129,403
Amortization of debt related expenses		5,381,025
Portion of rents representative of the interest factor		5,876,374
		160,583,991
Distributed income from equity investees		211,361,681
Pretax earnings from continuing operations, as adjusted	$	371,945,672
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	165,017,374
Amortization of debt related expenses		1,918,221
Portion of rents representative of the interest factor		5,876,374
Fixed charges	$	172,811,969
Ratio of earnings to fixed charges		2.2