Kimco Realty Corporation Declares Common Stock and Class F Preferred Stock Dividends

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

Kimco Realty Corporation (NYSE: KIM) announced today that its Board of Directors declared a dividend of 36 cents per common share payable on July 16, 2007 to common shareholders of record on July 5, 2007.

The Board also 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 similarly be paid on July 16, 2007 to Class F preferred shareholders of record on July 2, 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 April 23, 2007, the company owned interests in approximately 1,365 properties comprising 175 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 June 15, 2007