EXHIBIT 11.1

DUKE REALTY CORPORATION

EARNINGS TO FIXED CHARGES CALCULATION

(in thousands)

	Six Months Ended
	June 30, 2005
Net income from continuing operations, less preferred dividends	$	56,644
Preferred dividends	23,240
Minority interest in earnings of common unitholders	5,773
Interest expense	70,835
Earnings before fixed charges	$	156,492
Interest expense	$	70,835
Interest costs capitalized	3,554
Total fixed charges	$	74,389
Preferred dividends	23,240
Total fixed charges and preferred dividends	$	97,629
Ratio of earnings to fixed charges	2.10
Ratio of earnings to combined fixed charges and preferred dividends	1.60