EX-11.1 3 a03-5107_1ex11d1.htm EX-11.1

EXHIBIT 11.1

 

DUKE REALTY LIMITED PARTNERSHIP
RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS
(in thousands)

 

 

 

Nine Months
Ended September 30, 2003

 

 

 

 

 

Net income from continuing operations less preferred distributions

 

$

117,664

 

Preferred distributions

 

31,124

 

Earnings from land and depreciated property dispositions

 

(12,539

)

Interest expense

 

98,764

 

Earnings before fixed charges

 

$

235,013

 

 

 

 

 

Interest expense

 

$

98,764

 

Preferred distributions

 

31,124

 

Interest costs capitalized

 

5,006

 

Total fixed charges

 

$

134,894

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred unit distributions

 

1.74