EX-11.1 2 a04-9309_1ex11d1.htm EX-11.1

EXHIBIT 11.1

 

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO FIXED CHARGES CALCULATION

(in thousands)

 

 

 

Six Months
Ended June 30, 2004

 

 

 

 

 

Net income from continuing operations less distributions on preferred units

 

$

73,732

 

Distributions on preferred units

 

16,001

 

Earnings from sale of land and ownership interests in unconsolidated companies, net of impairment adjustments

 

(5,733

)

Interest expense

 

65,169

 

Earnings before fixed charges

 

$

149,169

 

 

 

 

 

Interest expense

 

$

65,169

 

Interest costs capitalized

 

2,760

 

Total fixed charges

 

67,929

 

 

 

 

 

Preferred distributions

 

16,001

 

Total fixed charges and preferred distributions

 

$

83,930

 

 

 

 

 

Ratio of earnings to fixed charges

 

$

2.20

 

 

 

 

 

Ratio of earnings to fixed charges and preferred distributions

 

$

1.78