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, 2012

Pretax earnings from continuing operations before adjustment for  noncontrolling interests or income loss from equity investees	$	42,544,588
Add:
Interest on indebtedness (excluding capitalized interest)		229,911,807
Amortization of debt related expenses		7,683,550
Portion of rents representative of the interest factor		6,946,781
		287,086,726
Distributed income from equity investees		194,109,970
Pretax earnings from continuing operations, as adjusted	$	481,196,696
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest)	$	231,449,478
Preferred dividend factor		72,978,005
Amortization of debt related expenses		3,099,218
Portion of rents representative of the interest factor		6,946,781
Combined fixed charges and preferred stock dividends	$	314,473,482
Ratio of Earnings to Combined Fixed Charges  and Preferred Stock Dividends		1.5

104