DUKE REALTY CORP - FORM 10-Q - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS - November 9, 2009

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10-Q - FORM 10-Q - DUKE REALTY CORPd10q.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - DUKE REALTY CORPdex322.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - DUKE REALTY CORPdex311.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - DUKE REALTY CORPdex321.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - DUKE REALTY CORPdex312.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, 2009		  

Loss from continuing operations, less preferred dividends

    $ (346,183 ) 

Preferred dividends

      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 dividends

      55,089   
        

Total fixed charges and preferred dividends

    $ 237,858   
        

Ratio of earnings to fixed charges (1)

      N/A   
        

Ratio of earnings to combined fixed charges and preferred dividends (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.

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