EXHIBIT 11.2

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

	Nine Months Ended September 30, 2004
Net income from continuing operations, less preferred dividends	$	94,411
Earnings from sale of land and ownership interests in unconsolidated companies, net of impairment adjustment	(8,940		)
Recurring principal amortization	5,668
Minority interest in earnings of common unitholders	9,970
Interest expense (excludes amortization of deferred financing fees)	96,389
Earnings before debt service	$	197,498
Interest expense (excludes amortization of deferred financing fees)	$	96,389
Recurring principal amortization	5,668
Total debt service	$	102,057
Ratio of earnings to debt service	$	1.94