Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - DUKE REALTY LIMITED PARTNERSHIP/ | Financial_Report.xls |
| 10-Q - FORM 10-Q - DUKE REALTY LIMITED PARTNERSHIP/ | drlp1q10q2012.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - DUKE REALTY LIMITED PARTNERSHIP/ | drlpex3111q2012.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - DUKE REALTY LIMITED PARTNERSHIP/ | drlpex3121q2012.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - DUKE REALTY LIMITED PARTNERSHIP/ | drlpex3211q2012.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - DUKE REALTY LIMITED PARTNERSHIP/ | drlpex3221q2012.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)
Three Months Ended March 31, 2012 | Year Ended December 31, 2011 | Year Ended December 31, 2010 | Year Ended December 31, 2009 | Year Ended December 31, 2008 | Year Ended December 31, 2007 | |||||||||||||||||||||||||||||
Net income (loss) from continuing operations, less preferred distributions | $ | (37,030 | ) | $ | (64,154 | ) | $ | (30,476 | ) | $ | (313,445 | ) | $ | 18,305 | $ | 112,175 | ||||||||||||||||||
Preferred distributions | 13,193 | 60,353 | 69,468 | 73,451 | 71,426 | 58,292 | ||||||||||||||||||||||||||||
Interest expense | 61,086 | 222,203 | 188,136 | 150,586 | 135,865 | 110,979 | ||||||||||||||||||||||||||||
Earnings (loss) before fixed charges | $ | 37,249 | $ | 218,402 | $ | 227,128 | $ | (89,408 | ) | $ | 225,596 | $ | 281,446 | |||||||||||||||||||||
Interest expense | $ | 61,086 | $ | 222,203 | $ | 188,136 | $ | 150,586 | $ | 135,865 | $ | 110,979 | ||||||||||||||||||||||
Interest costs capitalized | 1,309 | 4,335 | 11,498 | 26,864 | 53,456 | 59,167 | ||||||||||||||||||||||||||||
Total fixed charges | 62,395 | 226,538 | 199,634 | 177,450 | 189,321 | 170,146 | ||||||||||||||||||||||||||||
Preferred distributions | 13,193 | 60,353 | 69,468 | 73,451 | 71,426 | 58,292 | ||||||||||||||||||||||||||||
Total fixed charges and preferred distributions | $ | 75,588 | $ | 286,891 | $ | 269,102 | $ | 250,901 | $ | 260,747 | $ | 228,438 | ||||||||||||||||||||||
Ratio of earnings to fixed charges | N/A | (1) | N/A | (3) | 1.14 | N/A | (6) | 1.19 | 1.65 | |||||||||||||||||||||||||
Ratio of earnings to fixed charges and preferred distributions | N/A | (2) | N/A | (4) | N/A | (5) | N/A | (7) | N/A | (8) | 1.23 | |||||||||||||||||||||||
(1) | N/A - The ratio is less than 1.0; deficit of $25.1 million exists for the three months ended March 31, 2012. The calculation of earnings includes $91.6 million of non-cash depreciation expense. |
(2) | N/A - The ratio is less than 1.0; deficit of $38.3 million exists for the three months ended March 31, 2012. The calculation of earnings includes $91.6 million of non-cash depreciation expense. |
(3) | N/A - The ratio is less than 1.0; deficit of $8.1 million exists for the year ended December 31, 2011. The calculation of earnings includes $329.2 million of non-cash depreciation expense. |
(4) | N/A - The ratio is less than 1.0; deficit of $68.5 million exists for the year ended December 31, 2011. The calculation of earnings includes $329.2 million of non-cash depreciation expense. |
(5) | N/A - The ratio is less than 1.0; deficit of $42.0 million exists for the year ended December 31, 2010. The calculation of earnings includes $278.3 million of non-cash depreciation expense. |
(6) | N/A - The ratio is less than 1.0; deficit of $266.9 million exists for the year ended December 31, 2009. The calculation of earnings includes $244.1 million of non-cash depreciation expense. |
(7) | N/A - The ratio is less than 1.0; deficit of $340.3 million exists for the year ended December 31, 2009. The calculation of earnings includes $244.1 million of non-cash depreciation expense. |
(8) | N/A - The ratio is less than 1.0; deficit of $35.2 million exists for the year ended December 31, 2008. The calculation of earnings includes $211.9 million of non-cash depreciation expense. |