EXHIBIT 11.2

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

	Six months Ended June 30, 2004
Net income from continuing operations, less preferred dividends	$	66,570
Earnings from sale of land and ownership interests in unconsolidated companies, net of impairment adjustment	(5,733		)
Recurring principal amortization	3,447
Minority interest in earnings of common unitholders	7,074
Interest expense (excludes amortization of deferred financing fees)	63,101
Earnings before debt service	$	134,459
Interest expense (excludes amortization of deferred financing fees)	$	63,101
Recurring principal amortization	3,447
Total debt service	$	66,548
Ratio of earnings to debt service	$	2.02