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 April 16, 2007 to common shareholders of record on April 4, 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 April 16, 2007 to Class F preferred shareholders of record on April 2, 2007.

Kimco, a publicly-traded real estate investment trust, has specialized in shopping center acquisitions, development and management for over 45 years, and owns and operates the nation's largest portfolio of neighborhood and community shopping centers with interests in more than 1,349 properties comprising approximately 175.5 million square feet of leasable space located throughout 45 states, Canada, Mexico and Puerto Rico.

Source: Kimco Realty Corporation

Released March 15, 2007