Duke Realty Limited PARTNERSHIP 10-Q 2017 Q2 Quarterly report

EXHIBIT 12.2

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)

	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 distributions	$	185,885	$	299,621	$	190,937	$	198,913	$	47,425	$	(109,332	)
Preferred distributions	—		—		—		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 distributions	—		—		—		24,943		31,616		46,438
Total fixed charges and preferred distributions	$	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 distributions	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.