Attached files
| file | filename |
|---|---|
| EX-32.4 - EXHIBIT 32.4 - DUKE REALTY CORP | ex3243rdq2018.htm |
| EX-32.3 - EXHIBIT 32.3 - DUKE REALTY CORP | ex3233rdq2018.htm |
| EX-32.2 - EXHIBIT 32.2 - DUKE REALTY CORP | ex3223rdq2018.htm |
| EX-32.1 - EXHIBIT 32.1 - DUKE REALTY CORP | ex3213rdq2018.htm |
| EX-31.4 - EXHIBIT 31.4 - DUKE REALTY CORP | ex3143rdq2018.htm |
| EX-31.3 - EXHIBIT 31.3 - DUKE REALTY CORP | ex3133rdq2018.htm |
| EX-31.2 - EXHIBIT 31.2 - DUKE REALTY CORP | ex3123rdq2018.htm |
| EX-31.1 - EXHIBIT 31.1 - DUKE REALTY CORP | ex3113rdq2018.htm |
| EX-12.2 - EXHIBIT 12.2 - DUKE REALTY CORP | ex1223rdq2018.htm |
| 10-Q - 10-Q - DUKE REALTY CORP | a3ndqd0c2018.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, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2014 | Year Ended December 31, 2013 | |||||||||||||||||||
Net income from continuing operations, less preferred dividends | $ | 319,577 | $ | 290,592 | $ | 298,421 | $ | 188,248 | $ | 196,219 | $ | 45,338 | ||||||||||||
Preferred dividends | — | — | — | — | 24,943 | 31,616 | ||||||||||||||||||
Interest expense from continuing operations | 62,137 | 87,003 | 112,757 | 138,258 | 162,108 | 168,327 | ||||||||||||||||||
Earnings before fixed charges, continuing operations | $ | 381,714 | $ | 377,595 | $ | 411,178 | $ | 326,506 | $ | 383,270 | $ | 245,281 | ||||||||||||
Interest expense from discontinued operations | — | 14,736 | 28,819 | 40,911 | 58,426 | 71,496 | ||||||||||||||||||
Earnings before fixed charges | $ | 381,714 | $ | 392,331 | $ | 439,997 | $ | 367,417 | $ | 441,696 | $ | 316,777 | ||||||||||||
Interest expense from continuing operations | $ | 62,137 | $ | 87,003 | $ | 112,757 | $ | 138,258 | $ | 162,108 | $ | 168,327 | ||||||||||||
Interest costs capitalized | 21,823 | 18,885 | 16,099 | 16,764 | 17,620 | 16,756 | ||||||||||||||||||
Total fixed charges, continuing operations | 83,960 | 105,888 | 128,856 | 155,022 | 179,728 | 185,083 | ||||||||||||||||||
Interest expense from discontinued operations | — | 14,736 | 28,819 | 40,911 | 58,426 | 71,496 | ||||||||||||||||||
Total fixed charges | 83,960 | 120,624 | 157,675 | 195,933 | 238,154 | 256,579 | ||||||||||||||||||
Preferred dividends | — | — | — | — | 24,943 | 31,616 | ||||||||||||||||||
Total fixed charges and preferred dividends, continuing operations | $ | 83,960 | $ | 105,888 | $ | 128,856 | $ | 155,022 | $ | 204,671 | $ | 216,699 | ||||||||||||
Total fixed charges and preferred dividends | $ | 83,960 | $ | 120,624 | $ | 157,675 | $ | 195,933 | $ | 263,097 | $ | 288,195 | ||||||||||||
Ratio of earnings to fixed charges, continuing operations | 4.55 | 3.57 | 3.19 | 2.11 | 2.13 | 1.33 | ||||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends, continuing operations | 4.55 | 3.57 | 3.19 | 2.11 | 1.87 | 1.13 | ||||||||||||||||||
Ratio of earnings to fixed charges | 4.55 | 3.25 | 2.79 | 1.88 | 1.85 | 1.23 | ||||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 4.55 | 3.25 | 2.79 | 1.88 | 1.68 | 1.10 | ||||||||||||||||||