EXHIBIT 11.2

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

	Nine Months Ended September 30, 2003
Net income from continuing operations less preferred dividends	$	105,839
Earnings from land and depreciated property dispositions	(12,539		)
Recurring principal amortization	7,248
Operating partnership minority interest	11,555
Interest expense (excludes amortization of deferred financing fees)	96,008
Earnings before debt service	$	208,111
Interest expense (excludes amortization of deferred financing fees)	$	96,008
Recurring principal amortization	7,248
Total debt service	$	103,256
Ratio of earnings to debt service	2.02