EXHIBIT 11.1

DUKE REALTY CORPORATION

EARNINGS TO FIXED CHARGES CALCULATION

(in thousands, except ratios)

	Nine Months
	Ended September 30, 2005
Net income from continuing operations, less preferred dividends	$	66,356
Preferred dividends	34,859
Minority interest in earnings of common unitholders	6,753
Interest expense	88,946
Earnings before fixed charges	$	196,914
Interest expense	$	88,946
Interest costs capitalized	5,823
Total fixed charges	$	94,769
Preferred dividends	34,859
Total fixed charges and preferred dividends	$	129,628
Ratio of earnings to fixed charges	2.08
Ratio of earnings to combined fixed charges and preferred dividends	1.52