NEW HYDE PARK, NY (REIT Media) March 17, 2008 - Kimco Realty Corporation (NYSE: KIM) announced today that its Board of Directors declared a dividend of $0.40 per common share payable on April 15, 2008 to common shareholders of record on April 4, 2008 representing an ex-dividend date of April 2, 2008.

The Company also announced that its Board of Directors declared quarterly dividends for the Company’s preferred shares.

The Series F Depositary Shares, each representing 1/10 of a Share of 6.65% Series F Cumulative Redeemable Preferred Shares, quarterly dividend of $0.415625 per preferred depositary share will be paid on April 15, 2008 to shareholders of record on April 1, 2008, representing an ex-dividend of March 28, 2008.

The Series G Depositary Shares, each representing 1/100 of a Share of 7.75% Series G Cumulative Redeemable Preferred Shares, dividend of $0.484375 per preferred depositary share will be paid on April 15, 2008 to shareholders of record on April 1, 2008, representing an ex-dividend date of March 28, 2008.

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 December 31, 2007, the company owned interests in 1,973 properties comprising 183 million square feet of leasable 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 50 years. For further information, visit the company's web site at www.kimcorealty.com.

Kimco Realty Corporation
Barbara M. Pooley, 1-866-831-4297
vice president, finance and investor relations