EXHIBIT 11.2

DUKE REALTY CORPORATION
EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

	Six Months Ended June 30, 2003
Net income from continuing operations less dividends on preferred stock	$	69,264
Loss/(gain) on land and depreciated property sales	(11,146		)
Recurring principal amortization	4,654
Minority interest in earnings of common unitholders	7,587
Interest expense (excludes amortization of deferred financing fees)	65,417
Earnings before debt service	$	135,776
Interest expense (excludes amortization of deferred financing fees)	$	65,417
Recurring principal amortization	4,654
Total debt service	$	70,071
Debt service ratio	1.94