EXHIBIT 11.2

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

	Three Months Ended March 31, 2004
Net income from continuing operations, less preferred dividends	$	32,955
Earnings from sale of land and ownership interests in unconsolidated companies, net of impairment adjustment	(4,629		)
Recurring principal amortization	1,707
Minority interest in earnings of common unitholders	2,977
Interest expense (excludes amortization of deferred financing fees)	32,155
Earnings before debt service	$	65,165
Interest expense (excludes amortization of deferred financing fees)	$	32,155
Recurring principal amortization	1,707
Total debt service	$	33,862
Ratio of earnings to debt service	1.92