DUKE REALTY LIMITED PARTNERSHIP/ - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 3, 2010

Attached files

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10-K - FORM 10-K - DUKE REALTY LIMITED PARTNERSHIP/d10k.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - DUKE REALTY LIMITED PARTNERSHIP/dex311.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - DUKE REALTY LIMITED PARTNERSHIP/dex322.htm
EX-99.1 - SELECTED QUARTERLY FINANCIAL INFORMATION - DUKE REALTY LIMITED PARTNERSHIP/dex991.htm
EX-23.1 - CONSENT OF KPMG LLP - DUKE REALTY LIMITED PARTNERSHIP/dex231.htm
EX-21.1 - LIST OF PARTNERSHIP'S SUBSIDIARIES - DUKE REALTY LIMITED PARTNERSHIP/dex211.htm
EX-24.1 - EXECUTED POWERS OF ATTORNEY OF CERTAIN DIRECTORS - DUKE REALTY LIMITED PARTNERSHIP/dex241.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - DUKE REALTY LIMITED PARTNERSHIP/dex321.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - DUKE REALTY LIMITED PARTNERSHIP/dex312.htm

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)

 

     December 31,
2009		     December 31,
2008		     December 31,
2007		    December 31,
2006		    December 31,
2005

Income (loss) from continuing operations, less preferred distributions

    $ (350,516 )    $ 20,102      $ 106,142    $ 102,762    $ 96,530

Preferred distributions

      73,451        71,426        58,292      56,419      46,479

Interest expense

      220,239        198,449        174,981      170,348      105,882
                                    

Earnings (loss) before fixed charges

    $ (56,826 )    $ 289,977      $ 339,415    $ 329,529    $ 248,891
                                    

Interest expense

    $ 220,239      $ 198,449      $ 174,981    $ 170,348    $ 105,882

Interest costs capitalized

      26,864        53,456        59,167      36,260      9,510
                                    

Total fixed charges

      247,103        251,905        234,148      206,608      115,392

Preferred distributions

      73,451        71,426        58,292      56,419      46,479
                                    

Total fixed charges and preferred distributions

    $ 320,554      $ 323,331      $ 292,440    $ 263,027    $ 161,871
                                    

Ratio of earnings to fixed charges

      N/A (1)      1.15        1.45      1.59      2.16
                                    

Ratio of earnings to fixed charges and preferred distributions

      N/A (2)      N/A (3)      1.16      1.25      1.54
                                    

(1) N/A – the ratio is less than 1.0; deficit of $303.9 million exists for the year ended December 31, 2009. The calculation of earnings includes $339.0 million of non-cash depreciation expense and $302.8 million of impairment.

(2) N/A – the ratio is less than 1.0; deficit of $377.4 million exists for the year ended December 31, 2009. The calculation of earnings includes $339.0 million of non-cash depreciation expense and $302.8 million of impairment.

(3) N/A – the ratio is less than 1.0; deficit of $33.4 million exists for the year ended December 31, 2008. The calculation of earnings includes $308.1 million of non-cash depreciation expense and $18.5 million of impairment.

DUKE REALTY LIMITED PARTNERSHIP/ Reports