EX-11.2 4 a03-5107_1ex11d2.htm EX-11.2

EXHIBIT 11.2

 

Duke Realty Limited Partnership
Earnings to Debt Service Calculations
(In Thousands)

 

 

 

Nine months
Ended September 30, 2003

 

 

 

 

 

Net income from continuing operations less preferred distributions

 

$

117,664

 

Earnings from land and depreciated property dispositions

 

(12,539

)

Recurring principal amortization

 

7,248

 

Interest expense (excludes amortization of deferred financing fees)

 

96,008

 

Earnings before debt service

 

$

208,381

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

$

96,008

 

Recurring principal amortization

 

7,248

 

Total debt service

 

$

103,256

 

 

 

 

 

Ratio of earnings to debt service

 

2.02