Kimco Realty Corporation Declares Class F Preferred Stock Dividend

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--

Kimco Realty Corporation (NYSE: KIM) announced today that its Board of Directors declared the Company's dividend on its Class F Cumulative Redeemable Preferred Stock (NYSE: KIMprF). This dividend of 41.5625 cents per Class F Depositary Share will be paid on October 15, 2007 to Class F preferred shareholders of record on October 1, 2007.

Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates the nation's largest portfolio of neighborhood and community shopping centers. As of June 30, 2007, the company owned interests in approximately 1,519 properties comprising 180 million square feet of leaseable space across 45 states, Puerto Rico, Canada, Mexico and Chile. Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 45 years. For further information, visit the Company's web site at www.kimcorealty.com.

Source: Kimco Realty Corporation

Released September 17, 2007