EX-11.2 4 j3259_ex11d2.htm EX-11.2

EXHIBIT 11.2

DUKE REALTY LIMITED PARTNERSHIP

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands)

 

 

 

DECEMBER 31,
2001

 

Consolidated net income available for common units

 

$

262,430

 

Gain on land and depreciated property sales

 

(45,708

)

Recurring principal amortization

 

10,043

 

Interest expense (excludes amortization of deferred financing fees)

 

109,241

 

earnings before debt service

 

336,006

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

$

109,241

 

Recurring principal amortization

 

10,043

 

total debt service

 

119,284

 

 

 

 

 

DEBT SERVICE RATIO

 

2.82