Kimco Realty (KIM) 10-Q 2015 Q3 Quarterly report

Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the nine months ended September 30, 2015

Pretax earnings from continuing operations before adjustment fornoncontrolling interests or income loss from equity investees	$	227,532,629
Add:
Interest on indebtedness (excluding capitalized interest)		178,226,457
Amortization of debt related expenses		(9,409,919	)
Portion of rents representative of theinterest factor		6,053,697
		402,402,864
Distributed income from equity investees		149,140,994
Pretax earnings from continuing operations, as adjusted	$	551,543,858
Fixed charges -
Interest on indebtedness (including capitalized interest)	$	182,010,913
Amortization of debt related expenses		(12,957,074	)
Portion of rents representative of theinterest factor		6,053,697
Fixed charges	$	175,107,536
Ratio of earnings to fixed charges		3.1