EX-11.2 3 a06-1935_1ex11d2.htm STATEMENT REGARDING COMPUTATION OF EARNINGS TO DEBT SERVICE

EXHIBIT 11.2

 

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands, except ratios)

 

 

 

December 31, 2005

 

 

 

 

 

 

 

Net income from continuing operations, less preferred distributions

 

$

102,653

 

 

Interest expense (excludes amortization of deferred financing fees)

 

 

114,900

 

 

Earnings before debt service

 

$

217,553

 

 

 

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

$

114,900

 

 

Recurring principal amortization

 

 

7,289

 

 

Total debt service

 

$

122,189

 

 

 

 

 

 

 

 

Ratio of earnings to debt service

 

 

1.78