EX-11.1 3 a03-2382_1ex11d1.htm EX-11.1

EXHIBIT 11.1

 

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO FIXED CHARGES CALCULATION

(in thousands)

 

 

 

Six Months
Ended June 30, 2003

 

 

 

 

 

Net income from continuing operations less dividends on preferred equity

 

$

77,002

 

Dividends on preferred units

 

20,308

 

Loss/(gain) on land and depreciated property sales

 

(11,146

)

Interest expense

 

67,377

 

Earnings before fixed charges

 

$

153,541

 

 

 

 

 

Interest expense

 

$

67,377

 

Dividends on preferred units

 

20,308

 

Interest costs capitalized

 

3,306

 

Total fixed charges

 

$

90,991

 

 

 

 

 

Fixed charge ratio

 

1.69