EX-11.1 2 a05-8310_1ex11d1.htm EX-11.1

 

EXHIBIT 11.1

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO FIXED CHARGES CALCULATION

(in thousands)

 

 

 

Three Months

 

 

 

Ended March 31, 2005

 

Net income from continuing operations, less preferred distributions

 

$

24,059

 

Preferred distributions

 

11,620

 

Earnings from sale of land, net of impairment adjustments

 

(143

)

Interest expense

 

35,226

 

Earnings before fixed charges

 

$

70,762

 

Interest expense

 

$

35,226

 

Interest costs capitalized

 

1,727

 

Total fixed charges

 

$

36,953

 

Preferred distributions

 

11,620

 

Total fixed charges and preferred distributions

 

$

48,573

 

Ratio of earnings to fixed charges

 

1.91

 

Ratio of earnings to combined fixed charges and preferred distributions

 

1.46