Exhibit 12.2

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the year ended December 31, 2015

(in thousands, except for ratio)

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees (1)	$	675,657
Add:
Interest on indebtedness (excluding capitalized interest)		222,542
Amortization of debt premiums, discounts and capitalized expenses		17,228
Amortization of capitalized interest		4,746
Portion of rents representative of the interest factor		7,877
		928,050
Distributed income from equity investees		126,263
Pretax earnings from continuing operations, as adjusted	$	1,054,313
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (excluding capitalized interest)	$	222,542
Capitalized interest		5,618
Preferred dividend factor		60,103
Amortization of debt premiums, discounts and capitalized expenses		17,228
Portion of rents representative of the interest factor		7,877
Combined fixed charges and preferred stock dividends	$	313,368
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		3.4

(1) Includes an aggregate gain on liquidation of real estate joint venture interests of $373.8 million.

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