CONSENT OF ERNST & YOUNG LLP
Published on May 15, 1998
EXHIBIT 23.5
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-4) and related Joint Proxy Statement/Prospectus
of Kimco Realty Corporation and The Price REIT, Inc. and to the incorporation by
reference therein of our report dated January 16, 1998 (except for Note 11, as
to which the date is March 5, 1998), with respect to the consolidated financial
statements and schedule of The Price REIT, Inc. included in its Annual Report
(Form 10-K) for the year ended December 31, 1997; our reports dated December 16,
1997 with respect to the statements of revenue over specific operating expenses
of the Piscataway Towne Center and Cordata Centre of The Price REIT, Inc.
included in its Current Report on Form 8-K dated November 13, 1997; our report
dated October 24, 1997 with respect to the statement of revenue over specific
operating expenses of the Renaissance Centre of The Price REIT, Inc. included in
its Current Report on Form 8-K dated September 12, 1997; our report dated June
24, 1997 with respect to the statement of revenue over specific operating
expenses of the Smoketown Stations Center of The Price REIT, Inc. included in
its Current Report on Form 8-K dated May 28, 1997; and our report dated April
10, 1997 with respect to the statement of revenue over specific operating
expenses of the Arboretum Crossing Center of The Price REIT, Inc. included in
its Current Report on Form 8-K dated April 16, 1997, filed with the Securities
and Exchange Commission.
/s/ ERNST & YOUNG LLP
San Diego, California
May 12, 1998