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, 2010

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	55,012,685
Add:
Interest on indebtedness (excluding capitalized interest)		178,762,511
Amortization of debt related expenses		4,801,685
Portion of rents representative of the
interest factor		6,181,192
		244,758,073
Distributed income from equity investees		89,033,592
Pretax earnings from continuing operations, as adjusted	$	333,791,665
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest)	$	190,520,942
Preferred dividend factor		36,505,417
Amortization of debt related expenses		1,709,648
Portion of rents representative of the interest factor		6,181,192
Combined fixed charges and preferred stock dividends	$	234,917,199
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends		1.42