EX-11.2 8 a05-18159_1ex11d2.htm STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

EXHIBIT 11.2

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands, except ratios)

 

 

 

Nine Months

 

 

 

Ended September 30, 2005

 

 

 

 

 

Net income from continuing operations, less preferred dividends

 

$

66,356

 

Minority interest in earnings of common unitholders

 

6,753

 

Interest expense (excludes amortization of deferred financing fees)

 

84,773

 

Earnings before debt service

 

$

157,882

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

$

84,773

 

Recurring principal amortization

 

5,604

 

Total debt service

 

$

90,377

 

 

 

 

 

Ratio of earnings to debt service

 

1.75