Kimco Realty (KIM) 10-Q 2011 Q2 Quarterly report

Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the six months ended June 30, 2011

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees	$	46,870,319
Add:
Interest on indebtedness (excluding capitalized interest)		110,466,338
Amortization of debt related expenses		4,523,304
Portion of rents representative of the interest factor		4,289,396
		166,149,357
Distributed income from equity investees		57,134,176
Pretax earnings from continuing operations, as adjusted	$	223,283,533
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	115,617,409
Amortization of debt related expenses		2,313,442
Portion of rents representative of the interest factor		4,289,396
Fixed charges	$	122,220,247
Ratio of earnings to fixed charges		1.83