Exhibit 12.2

Kimco Realty Corporation and Subsidiaries

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

For the twelve months ended, December 31, 2010

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	52,334,314
Add:
Interest on indebtedness (excluding capitalized interest)		233,543,082
Amortization of debt related expenses		6,972,171
Portion of rents representative of the
interest factor		8,087,630
		300,937,197
Distributed income from equity investees		162,859,662
Pretax earnings from continuing operations, as adjusted	$	463,796,859
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest)	$	248,273,133
Preferred dividend factor		52,561,623
Amortization of debt related expenses		2,803,019
Portion of rents representative of the interest factor		8,087,630
Combined fixed charges and preferred stock dividends	$	311,725,405
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		1.49

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