EX-11.1 3 j8376_ex11d1.htm EX-11.1

EXHIBIT 11.1

 

DUKE REALTY LIMITED PARTNERSHIP
EARNINGS TO FIXED CHARGES CALCULATION
(in thousands)

 

 

 

DECEMBER 31,
2002

 

 

 

 

 

Net income from continuing operations less dividends on preferred equity

 

$

173,814

 

Dividends on preferred units

 

52,613

 

Loss on land and depreciated property sales

 

410

 

Interest expense

 

117,073

 

Earnings before fixed charges

 

$

343,910

 

 

 

 

 

Interest expense

 

$

117,073

 

Dividends on preferred units

 

52,613

 

Interest costs capitalized

 

13,529

 

Total fixed charges

 

$

183,215

 

 

 

 

 

Earnings to fixed charge ratio

 

1.88