Kimco Realty (KIM) 10-Q 2007 Q3 Quarterly report

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, 2007

Pretax earnings from continuing operations before adjustment for
minority interests or income loss from equity investees	$	108,238,440
Add:
Interest on indebtedness (excluding capitalized interest)		158,637,587
Amortization of debt related expenses		2,001,449
Portion of rents representative of the
interest factor		5,341,520
		274,218,996
Distributed income from equity investees		302,946,262
Pretax earnings from continuing operations, as adjusted	$	577,165,258
Combined fixed charges and preferred stock dividends —
Interest on indebtedness (including capitalized interest)	$	178,186,734
Preferred dividend factor		8,728,125
Amortization of debt related expenses		332,312
Portion of rents representative of the
interest factor		5,341,520
Combined fixed charges and preferred stock dividends	$	192,588,691
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends		3.0