Exhibit 12.1

Kimco Realty Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

For the six months ended June 30, 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

Fixed charges -

Interest on indebtedness (excluding capitalized interest)

Capitalized interest

Amortization of debt premiums, discounts and capitalized expenses

Portion of rents representative of the interest factor

Fixed charges

Ratio of earnings to fixed charges

(1) Includes an aggregate gain on liquidation of real estate joint venture interests of $136.0 million.