EXHIBIT 11.2

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

	DECEMBER 31,
	2004
Net income from continuing operations, less preferred dividends	$		129,424
Earnings from sale of land and ownership interests in unconsolidated companies, net of impairment adjustment	(10,202			)
Recurring principal amortization	7,334
Minority interest in earnings of common unitholders	13,425
Interest expense (excludes amortization of deferred financing fees)	130,226
Earnings before debt service	$		270,207
Interest expense (excludes amortization of deferred financing fees)	$	130,226
Recurring principal amortization	7,334
Total debt service	$	137,560
Ratio of earnings to debt service	1.96