David B. Henry succeeds Milton Cooper as CEO of Kimco Realty Corporation; Cooper remains Executive Chairman

NEW HYDE PARK, N.Y.--(Business Wire)--
Kimco Realty Corporation (NYSE: KIM) announced today the appointment by the
board of directors of David B. Henry as chief executive officer of the company
effective December 31, 2009. Milton Cooper will continue to serve as executive
chairman of the board of directors. Mr. Cooper will also continue to lead the
office of the chairman, which includes Mr. Henry, Michael V. Pappagallo, chief
financial officer and chief administrative officer, and David. R. Lukes, chief
operating officer.

Mr. Henry joined Kimco in 2001 as vice chairman and chief investment officer
after 23 years with GE Real Estate. In November of 2008, he was named President.
Mr. Henry is a trustee of the International Council of Shopping Centers (ICSC)
and currently serves on the board of directors of Health Care Properties, Inc.
(HCP). He graduated from Bucknell University in 1971 with a Bachelor of Science
in Business Administration and received his MBA from the University of Miami.

About Kimco

Kimco Realty Corporation, a real estate investment trust (REIT), owns and
operates North America`s largest portfolio of neighborhood and community
shopping centers. As of September 30, 2009, the company owned interests in 1,462
retail properties comprising 153 million square feet of leasable space across 45
states, Puerto Rico, Canada, Mexico and South America. 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.

Safe Harbor Statement

The statements in this release state the company's and management's intentions,
beliefs, expectations or projections of the future and are forward-looking
statements. It is important to note that the company's actual results could
differ materially from those projected in such forward-looking statements.
Factors that could cause actual results to differ materially from current
expectations include, but are not limited to, (i) general adverse economic and
local real estate conditions, including the current economic recession, (ii) the
inability of major tenants to continue paying their rent obligations due to
bankruptcy, insolvency or a general downturn in their business, (iii) financing
risks, such as the inability to obtain equity, debt, or other sources of
financing or refinancing on favorable terms, (iv) the company`s ability to raise
capital by selling its assets, (v) changes in governmental laws and regulations,
(vi) the level and volatility of interest rates and foreign currency exchange
rates, (vii) the availability of suitable acquisition opportunities, (viii)
valuation of joint venture investments, (ix) valuation of marketable securities
and other investments, (x) increases in operating costs, (xi) changes in the
dividend policy for our common stock, (xii) the reduction in our income in the
event of multiple lease terminations by tenants or a failure by multiple tenants
to occupy their premises in a shopping center, (xiii) impairment charges and
(xiv) unanticipated changes in the company`s intention or ability to prepay
certain debt prior to maturity and/or hold certain securities until maturity.
Additional information concerning factors that could cause actual results to
differ materially from those forward-looking statements is contained from time
to time in the company's Securities and Exchange Commission filings, including
but not limited to the company's Annual Report on Form 10-K for the year ended
December 31, 2008. Copies of each filing may be obtained from the company or the
Securities and Exchange Commission.

The company refers you to the documents filed by the company from time to time
with the Securities and Exchange Commission, specifically the section titled
"Risk Factors" in the company's Annual Report on Form 10-K for the year ended
December 31, 2008, as may be updated or supplemented in the company`s Form 10-Q
filings, which discuss these and other factors that could adversely affect the
company's results.

Kimco Realty Corporation
Barbara Pooley, 1-866-831-4297
senior vice president, finance & investor relations

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