EX-11.2 3 a05-8310_1ex11d2.htm EX-11.2

 

EXHIBIT 11.2

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

 

 

 

Three Months

 

 

 

Ended March 31, 2005

 

Net income from continuing operations, less preferred distributions

 

$

24,059

 

Earnings from sale of land, net of impairment adjustments

 

(143

)

Recurring principal amortization

 

1,697

 

Interest expense (excludes amortization of deferred financing fees)

 

33,682

 

Earnings before debt service

 

$

59,295

 

Interest expense (excludes amortization of deferred financing fees)

 

$

33,682

 

Recurring principal amortization

 

1,697

 

Total debt service

 

$

35,379

 

Ratio of earnings to debt service

 

1.68