Exhibit 12.2

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

For the three months ended March 31, 2016

(in thousands, except for ratio)

Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees (1)

Add:

Interest on indebtedness (excluding capitalized interest)

Amortization of debt premiums, discounts and capitalized expenses

Amortization of capitalized interest

Portion of rents representative of the interest factor

Distributed income from equity investees

Pretax earnings from continuing operations, as adjusted

Combined fixed charges and preferred stock dividends -

Interest on indebtedness (excluding capitalized interest)

Capitalized interest

Preferred dividend factor

Amortization of debt premiums, discounts and capitalized expenses

Portion of rents representative of the interest factor

Combined fixed charges and preferred stock dividends

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(1) Includes an aggregate gain on liquidation of real estate joint venture interests of $50.9 million.