EX-11.2 4 a03-2382_1ex11d2.htm EX-11.2

EXHIBIT 11.2

 

Duke Realty Limited Partnership

Ratio of Earnings To Fixed Charges

(In Thousands)

 

 

 

Six Months
Ended June 30, 2003

 

 

 

 

 

Net income from continuing operations less dividends on preferred equity

 

$

77,002

 

Loss/(gain) on land and depreciated property sales

 

(11,146

)

Recurring principal amortization

 

4,654

 

Interest expense (excludes amortization of deferred financing fees)

 

65,417

 

Earnings before debt service

 

$

135,927

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

$

65,417

 

Recurring principal amortization

 

4,654

 

Total debt service

 

$

70,071

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.94