DUKE REALTY CORP - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - August 2, 2017

Attached files

file filename
EX-10.1(II) - EXHIBIT 10.1(II) - DUKE REALTY CORPexhibit101ii.htm
EX-32.4 - EXHIBIT 32.4 - DUKE REALTY CORPex3242ndq2017.htm
EX-32.3 - EXHIBIT 32.3 - DUKE REALTY CORPex3232ndq2017.htm
EX-32.2 - EXHIBIT 32.2 - DUKE REALTY CORPex3222ndq2017.htm
EX-32.1 - EXHIBIT 32.1 - DUKE REALTY CORPex3212ndq2017.htm
EX-31.4 - EXHIBIT 31.4 - DUKE REALTY CORPex3142ndq2017.htm
EX-31.3 - EXHIBIT 31.3 - DUKE REALTY CORPex3132ndq2017.htm
EX-31.2 - EXHIBIT 31.2 - DUKE REALTY CORPex3122ndq2017.htm
EX-31.1 - EXHIBIT 31.1 - DUKE REALTY CORPex3112ndq2017.htm
EX-12.2 - EXHIBIT 12.2 - DUKE REALTY CORPex1222ndq2017.htm
EX-10.16 - EXHIBIT 10.16 - DUKE REALTY CORPexhibit1016tojune30201710-q.htm
EX-10.15 - EXHIBIT 10.15 - DUKE REALTY CORPexhibit1015tojune30201710-q.htm
EX-10.14 - EXHIBIT 10.14 - DUKE REALTY CORPexhibit1014tojune30201710-q.htm
EX-10.13 (I) - EXHIBIT 10.13 (I) - DUKE REALTY CORPexhibit1013i.htm
EX-10.13 - EXHIBIT 10.13 - DUKE REALTY CORPexhibit1013tojune30201710-q.htm
EX-10.12 - EXHIBIT 10.12 - DUKE REALTY CORPexhibit1012tojune30201710-q.htm
EX-10.11 - EXHIBIT 10.11 - DUKE REALTY CORPexhibit1011tojune30201710-q.htm
EX-10.10 - EXHIBIT 10.10 - DUKE REALTY CORPexhibit1010tojune30201710-q.htm
EX-10.9 - EXHIBIT 10.9 - DUKE REALTY CORPexhibit109tojune30201710-q.htm
EX-10.8 - EXHIBIT 10.8 - DUKE REALTY CORPexhibit108tojune30201710-q.htm
EX-10.7 - EXHIBIT 10.7 - DUKE REALTY CORPexhibit107tojune30201710-q.htm
EX-10.6 - EXHIBIT 10.6 - DUKE REALTY CORPexhibit106tojune30201710-q.htm
EX-10.5 - EXHIBIT 10.5 - DUKE REALTY CORPexhibit105tojune30201710-q.htm
EX-10.4 - EXHIBIT 10.4 - DUKE REALTY CORPexhibit104tojune30201710-q.htm
EX-10.3 - EXHIBIT 10.3 - DUKE REALTY CORPexhibit103tojune30201710-q.htm
EX-10.2 - EXHIBIT 10.2 - DUKE REALTY CORPexhibit102tojune30201710-q.htm
EX-10.1(I) - EXHIBIT 10.1(I) - DUKE REALTY CORPexhibit101i.htm
10-Q - 10-Q - DUKE REALTY CORPa2ndqd0c2017.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)
 
 
Six Months Ended June 30, 2017
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
 
Net income (loss) from continuing operations, less preferred dividends
 
$
185,885

 
$
299,621

 
$
190,937

 
$
198,913

 
$
47,425

 
$
(109,332
)
 
Preferred dividends
 
—

 
—

 
—

 
24,943

 
31,616

 
46,438

 
Interest expense
 
44,566

 
113,487

 
138,258

 
162,108

 
168,327

 
174,066

 
Earnings before fixed charges
 
$
230,451

 
$
413,108

 
$
329,195

 
$
385,964

 
$
247,368

 
$
111,172

 
Interest expense
 
$
44,566

 
$
113,487

 
$
138,258

 
$
162,108

 
$
168,327

 
$
174,066

 
Interest costs capitalized
 
9,503

 
16,099

 
16,764

 
17,620

 
16,756

 
9,357

 
Total fixed charges
 
54,069

 
129,586

 
155,022

 
179,728

 
185,083

 
183,423

 
Preferred dividends
 
—

 
—

 
—

 
24,943

 
31,616

 
46,438

 
Total fixed charges and preferred dividends
 
$
54,069

 
$
129,586

 
$
155,022

 
$
204,671

 
$
216,699

 
$
229,861

 
Ratio of earnings to fixed charges
 
4.26

 
3.19

 
2.12

 
2.15

 
1.34

 
N/A

(1)
Ratio of earnings to fixed charges and preferred dividends
 
4.26

 
3.19

 
2.12

 
1.89

 
1.14

 
N/A

(2)
 
(1)
N/A - The ratio is less than 1.0; deficit of $72.3 million exists for the year ended December 31, 2012. The calculation of earnings includes $278.8 million of non-cash depreciation and amortization expense.
(2)
N/A - The ratio is less than 1.0; deficit of $118.7 million exists for the year ended December 31, 2012. The calculation of earnings includes $278.8 million of non-cash depreciation and amortization expense.






DUKE REALTY CORP Reports