EX-11.2 3 a05-12902_1ex11d2.htm EX-11.2

EXHIBIT 11.2

 

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

 

 

 

Six Months

 

 

 

Ended June 30, 2005

 

 

 

 

 

Net income from continuing operations, less preferred distributions

 

$

62,420

 

Interest expense (excludes amortization of deferred financing fees)

 

68,091

 

Earnings before debt service

 

$

130,511

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

$

68,091

 

Recurring principal amortization

 

3,406

 

Total debt service

 

$

71,497

 

 

 

 

 

Ratio of earnings to debt service

 

1.83