Attached files
EXHIBIT 12.1
DUKE REALTY LIMITED PARTNERSHIP
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS
(in thousands, except ratios)
| Nine Months Ended September 30, 2009 |
||||
| Loss from continuing operations, less preferred distributions |
$ | (346,183 | ) | |
| Preferred distributions |
55,089 | |||
| Interest expense |
161,746 | |||
| Earnings before fixed charges |
$ | (129,348 | ) | |
| Interest expense |
$ | 161,746 | ||
| Interest costs capitalized |
21,023 | |||
| Total fixed charges |
$ | 182,769 | ||
| Preferred distributions |
55,089 | |||
| Total fixed charges and preferred distributions |
$ | 237,858 | ||
| Ratio of earnings to fixed charges (1) |
N/A | |||
| Ratio of earnings to combined fixed charges and preferred distributions (2) |
N/A | |||
| (1) | N/A – The ratio is less than 1.0; deficit of $312.1 million exists for the nine months ended September 30, 2009. The calculation of earnings includes $254.3 million of non-cash depreciation expense and $302.6 million of impairment. |
| (2) | N/A – The ratio is less than 1.0; deficit of $367.2 million exists for the nine months ended September 30, 2009. The calculation of earnings includes $254.3 million of non-cash depreciation expense and $302.6 million of impairment. |