EX-12.2 6 a06-16970_1ex12d2.htm EX-12.2

EXHIBIT 12.2

 

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO FIXED CHARGES CALCULATION

(in thousands, except ratios)

 

 

 

MARCH 31,

 

DECEMBER 31,

 

DECEMBER 31,

 

DECEMBER 31,

 

DECEMBER 31,

 

DECEMBER 31,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

2001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations, less preferred dividends

 

$

15,285

 

$

102,912

 

$

122,556

 

$

127,176

 

$

133,589

 

$

203,372

 

Preferred dividends

 

12,712

 

46,479

 

33,777

 

39,225

 

52,613

 

60,850

 

Interest expense

 

38,655

 

119,640

 

109,297

 

100,047

 

86,844

 

82,570

 

Earnings before fixed charges

 

$

66,652

 

$

269,031

 

$

265,630

 

$

266,448

 

$

273,046

 

$

346,792

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

38,655

 

$

119,640

 

$

109,297

 

$

100,047

 

$

86,844

 

$

82,570

 

Interest costs capitalized

 

5,580

 

9,510

 

5,961

 

6,734

 

13,529

 

25,859

 

Total fixed charges

 

44,235

 

129,150

 

115,258

 

106,781

 

100,373

 

108,429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends

 

12,712

 

46,479

 

33,777

 

39,225

 

52,613

 

60,850

 

Total fixed charges and preferred dividends

 

$

56,947

 

$

175,629

 

$

149,035

 

$

146,006

 

$

152,986

 

$

169,279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.51

 

2.08

 

2.30

 

2.50

 

2.72

 

3.20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred dividends

 

1.17

 

1.53

 

1.78

 

1.82

 

1.78

 

2.05