Exhibit 12.2

KIMCO REALTY CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

For the nine months ended September 30, 2017

(in thousands, except for ratio)

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	182,724
Add:
Interest on indebtedness (excluding capitalized interest)		139,419
Amortization of debt premiums, discounts and capitalized expenses		8,671
Amortization of capitalized interest		3,870
Portion of rents representative of the interest factor		5,491
		340,175
Distributed income from equity investees		41,071
Pretax earnings from continuing operations, as adjusted	$	381,246
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (excluding capitalized interest)	$	139,419
Capitalized interest		10,671
Preferred dividend factor		35,168
Amortization of debt premiums, discounts and capitalized expenses		8,671
Portion of rents representative of the interest factor		5,491
Combined fixed charges and preferred stock dividends	$	199,420
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		1.9