EX-11.2 7 a06-1916_1ex11d2.htm STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

EXHIBIT 11.2

 

DUKE REALTY CORPORATION

EARNINGS TO DEBT SERVICE CALCULATIONS

(in thousands, except ratios)

 

 

 

December 31, 2005

 

 

 

 

 

Net income from continuing operations, less preferred dividends

 

93,274

 

 

Minority interest in earnings of common unitholders

 

 

9,378

 

 

Interest expense (excludes amortization of deferred financing fees)

 

 

114,900

 

 

Earnings before debt service

 

217,552

 

 

 

 

 

 

 

 

Interest expense (excludes amortization of deferred financing fees)

 

114,900

 

 

Recurring principal amortization

 

 

7,289

 

 

Total debt service

 

122,189

 

 

 

 

 

 

 

 

Ratio of earnings to debt service

 

 

1.78