Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - DUKE REALTY CORP | Financial_Report.xls |
| 10-Q - 10-Q - DUKE REALTY CORP | q3d0c2014.htm |
| EX-31.1 - EXHIBIT 31.1 - DUKE REALTY CORP | q3ex311.htm |
| EX-32.1 - EXHIBIT 32.1 - DUKE REALTY CORP | q3ex321.htm |
| EX-32.4 - EXHIBIT 32.4 - DUKE REALTY CORP | q3ex324.htm |
| EX-32.3 - EXHIBIT 32.3 - DUKE REALTY CORP | q3ex323.htm |
| EX-31.3 - EXHIBIT 31.3 - DUKE REALTY CORP | q3ex313.htm |
| EX-31.2 - EXHIBIT 31.2 - DUKE REALTY CORP | q3ex312.htm |
| EX-32.2 - EXHIBIT 32.2 - DUKE REALTY CORP | q3ex322.htm |
| EX-12.2 - EXHIBIT 12.2 - DUKE REALTY CORP | q3ex122.htm |
| EX-31.4 - EXHIBIT 31.4 - DUKE REALTY CORP | q3ex314.htm |
EXHIBIT 12.1
DUKE REALTY CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
(in thousands, except ratios)
Nine Months Ended September 30, 2014 | Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | Year Ended December 31, 2010 | Year Ended December 31, 2009 | |||||||||||||||||||||||||
Net income (loss) from continuing operations, less preferred dividends | $ | 193,383 | $ | 29,784 | $ | (132,057 | ) | $ | (63,570 | ) | $ | (25,195 | ) | $ | (296,238 | ) | ||||||||||||||
Preferred dividends | 20,155 | 31,616 | 46,438 | 60,353 | 69,468 | 73,451 | ||||||||||||||||||||||||
Interest expense | 163,479 | 228,324 | 229,417 | 206,244 | 172,143 | 135,414 | ||||||||||||||||||||||||
Earnings (loss) before fixed charges | $ | 377,017 | $ | 289,724 | $ | 143,798 | $ | 203,027 | $ | 216,416 | $ | (87,373 | ) | |||||||||||||||||
Interest expense | $ | 163,479 | $ | 228,324 | $ | 229,417 | $ | 206,244 | $ | 172,143 | $ | 135,414 | ||||||||||||||||||
Interest costs capitalized | 13,910 | 16,756 | 9,357 | 4,335 | 11,498 | 26,864 | ||||||||||||||||||||||||
Total fixed charges | 177,389 | 245,080 | 238,774 | 210,579 | 183,641 | 162,278 | ||||||||||||||||||||||||
Preferred dividends | 20,155 | 31,616 | 46,438 | 60,353 | 69,468 | 73,451 | ||||||||||||||||||||||||
Total fixed charges and preferred dividends | $ | 197,544 | $ | 276,696 | $ | 285,212 | $ | 270,932 | $ | 253,109 | $ | 235,729 | ||||||||||||||||||
Ratio of earnings to fixed charges | 2.13 | 1.18 | N/A | (1) | N/A | (3) | 1.18 | N/A | (6) | |||||||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 1.91 | 1.05 | N/A | (2) | N/A | (4) | N/A | (5) | N/A | (7) | ||||||||||||||||||||
(1) | N/A - The ratio is less than 1.0; deficit of $95.0 million exists for the year ended December 31, 2012. The calculation of earnings includes $348.3 million of non-cash depreciation and amortization expense. |
(2) | N/A - The ratio is less than 1.0; deficit of $141.4 million exists for the year ended December 31, 2012. The calculation of earnings includes $348.3 million of non-cash depreciation and amortization expense. |
(3) | N/A - The ratio is less than 1.0; deficit of $7.6 million exists for the year ended December 31, 2011. The calculation of earnings includes $304.3 million of non-cash depreciation and amortization expense. |
(4) | N/A - The ratio is less than 1.0; deficit of $67.9 million exists for the year ended December 31, 2011. The calculation of earnings includes $304.3 million of non-cash depreciation and amortization expense. |
(5) | N/A - The ratio is less than 1.0; deficit of $36.7 million exists for the year ended December 31, 2010. The calculation of earnings includes $252.3 million of non-cash depreciation and amortization expense. |
(6) | N/A - The ratio is less than 1.0; deficit of $249.7 million exists for the year ended December 31, 2009. The calculation of earnings includes $223.7 million of non-cash depreciation and amortization expense. |
(7) | N/A - The ratio is less than 1.0; deficit of $323.1 million exists for the year ended December 31, 2009. The calculation of earnings includes $223.7 million of non-cash depreciation and amortization expense. |