Duke Realty Limited PARTNERSHIP 10-Q 2008 Q3 Quarterly report

EXHIBIT 12.1

DUKE REALTY LIMITED PARTNERSHIP
EARNINGS TO FIXED CHARGES CALCULATION
(in thousands, except ratios)

	Nine Months
	Ended September 30, 2008
Income from continuing operations, less preferred distributions	$	23,534
Preferred distributions		53,038
Interest expense		143,657
Earnings before fixed charges	$	220,229
Interest expense	$	143,657
Interest costs capitalized		42,549
Total fixed charges	$	186,206
Preferred distributions		53,038
Total fixed charges and preferred distributions	$	239,244
Ratio of earnings to fixed charges		1.18
Ratio of earnings to combined fixed charges and preferred distributions		N/A

N/A — The ratio is less than 1.0; deficit of $19,015 exists for the nine months ended September 30, 2008. The calculation of earnings includes $228.1 million of non-cash depreciation expense.