Mail Stop 4561

      October 24, 2005



Mr. Milton Cooper
Chief Executive Officer
Kimco Realty Corporation
3333 New Hyde Park Road
New Hyde Park, NY  11042-0020

Re:	Kimco Realty Corporation
Form 10-K for the fiscal year ended December 31, 2004
      File No. 1-10899

Dear Mr. Cooper:

      We have reviewed your filing and have the following
comments.
We have limited our review to only the issues addressed below and
do
not intend to expand our review to other portions of your
documents.
Where indicated, we think you should revise your document in
response
to these comments in future filings.  If you disagree, we will
consider your explanation as to why our comment is inapplicable or
a
revision is unnecessary.  Please be as detailed as necessary in
your
explanation.  In some of our comments, we may ask you to provide
us
with information so we may better understand your disclosure.
After
reviewing this information, we may raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Form 10-K for the fiscal year ended December 31, 2004

Financial Statements

Consolidated Statements of Income, page 56
1. In future filings, please revise your statements of income for
consistency with Rule 5-03 of Regulation S-X.  Your revisions
should
include, but not be limited to, a change in the location of the
captions "Adjustment of property carrying values" and "General and
Administrative Expenses".  These captions currently appear to be
placed below non-operating income and should be moved above non-
operating income in accordance with the rule.

Summary of Significant Accounting Policies

Revenue Recognition and Accounts Receivable, page 62
2. We note your policy on recognition of revenue from real estate
rentals.  In a separate policy note, distinct from Accounts
Receivable, please describe in detail your revenue recognition
policies for each of your material revenue streams including
mortgage
financing, other real estate investments, property management
services, etc.  Additionally, disclose your revenue recognition
policies related to the sale of development and operating
properties.

	As appropriate, please respond to these comments within 10
business days or tell us when you will provide us with a response.
Please furnish a cover letter with your proposed revisions that
keys
your responses to our comments and provides any requested
information.  Detailed cover letters greatly facilitate our
review.
Please file your cover letter on EDGAR.  Please understand that we
may have additional comments after reviewing your responses to our
comments.

	We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed decision.  Since the company and
its management are in possession of all facts relating to a
company`s
disclosure, they are responsible for the accuracy and adequacy of
the
disclosures they have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.

	You may contact Howard Efron, Staff Accountant, at (202) 551-
3439 or me at (202) 551-3403 if you have questions regarding
comments
on the financial statements and related matters.


								Sincerely,



      Steven Jacobs
      Branch Chief



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Mr. Milton Cooper
Kimco Realty Corporation
October 24, 2005
Page 3