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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental and related revenue $ 226,374 $ 213,107 $ 445,129 $ 423,072
General contractor and service fee revenue 12,137 23,919 19,751 78,883
Revenues, total 238,511 237,026 464,880 501,955
Expenses:        
Rental expenses 17,557 17,597 36,400 38,265
Real estate taxes 36,763 32,375 73,490 64,817
General contractor and other services expenses 10,406 23,189 16,974 75,775
Depreciation and amortization 86,704 83,004 172,063 158,996
Costs and expenses, total 151,430 156,165 298,927 337,853
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 2,396 4,143 4,935 8,858
Gain on sale of properties 0 30,592 8,937 30,429
Gain on land sales 6,070 1,950 6,205 2,700
Other operating expenses (1,546) (1,518) (2,658) (3,641)
Impairment charges 0 0 (5,626) 0
Non-incremental costs related to successful leases (4,034) (3,447) (6,559) (5,603)
General and administrative expenses (13,606) (13,420) (35,369) (35,403)
Other Operating Activities, Net (10,720) 18,300 (30,135) (2,660)
Operating income 76,361 99,161 135,818 161,442
Other income (expenses):        
Interest and other income, net 216 2,534 1,611 5,292
Interest expense (22,841) (23,510) (46,335) (45,642)
Loss on debt extinguishment (14,972) 0 (32,778) (13)
Gain on involuntary conversion 1,283 0 1,283 2,259
Income from continuing operations before income taxes 40,047 78,185 59,599 123,338
Income tax benefit (expense) 150 (6,616) 210 (7,001)
Income from continuing operations 40,197 71,569 59,809 116,337
Discontinued operations:        
Gain on sale of properties 23 99 71 254
Income from discontinued operations 23 99 71 254
Net income 40,220 71,668 59,880 116,591
Net income attributable to noncontrolling interests (400) (615) (604) (987)
Net income attributable to common shareholders $ 39,820 $ 71,053 $ 59,276 $ 115,604
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.11 $ 0.20 $ 0.16 $ 0.32
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.11 $ 0.20 $ 0.16 $ 0.32
Weighted average number of common shares/units outstanding 368,836 359,681 368,513 359,412
Weighted average number of common shares/units and potential dilutive securities 372,573 362,926 372,197 362,615
Comprehensive income:        
Net income $ 40,220 $ 71,668 $ 59,880 $ 116,591
Unrealized losses on interest rate swap contracts 0 (14,699) 0 (24,041)
Amortization of interest rate swap contracts 889 0 1,690 0
Comprehensive income 41,109 56,969 61,570 92,550
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 226,374 213,107 445,129 423,072
General contractor and service fee revenue 12,137 23,919 19,751 78,883
Revenues, total 238,511 237,026 464,880 501,955
Expenses:        
Rental expenses 17,557 17,597 36,400 38,265
Real estate taxes 36,763 32,375 73,490 64,817
General contractor and other services expenses 10,406 23,189 16,974 75,775
Depreciation and amortization 86,704 83,004 172,063 158,996
Costs and expenses, total 151,430 156,165 298,927 337,853
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 2,396 4,143 4,935 8,858
Gain on sale of properties 0 30,592 8,937 30,429
Gain on land sales 6,070 1,950 6,205 2,700
Other operating expenses (1,546) (1,518) (2,658) (3,641)
Impairment charges 0 0 (5,626) 0
Non-incremental costs related to successful leases (4,034) (3,447) (6,559) (5,603)
General and administrative expenses (13,606) (13,420) (35,369) (35,403)
Other Operating Activities, Net (10,720) 18,300 (30,135) (2,660)
Operating income 76,361 99,161 135,818 161,442
Other income (expenses):        
Interest and other income, net 216 2,534 1,611 5,292
Interest expense (22,841) (23,510) (46,335) (45,642)
Loss on debt extinguishment (14,972) 0 (32,778) (13)
Gain on involuntary conversion 1,283 0 1,283 2,259
Income from continuing operations before income taxes 40,047 78,185 59,599 123,338
Income tax benefit (expense) 150 (6,616) 210 (7,001)
Income from continuing operations 40,197 71,569 59,809 116,337
Discontinued operations:        
Gain on sale of properties 23 99 71 254
Income from discontinued operations 23 99 71 254
Net income 40,220 71,668 59,880 116,591
Net (income) loss attributable to noncontrolling interests (44) 6 (78) 16
Net income attributable to common shareholders $ 40,176 $ 71,674 $ 59,802 $ 116,607
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.11 $ 0.20 $ 0.16 $ 0.32
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.11 $ 0.20 $ 0.16 $ 0.32
Weighted average number of common shares/units outstanding 372,167 362,826 371,790 362,517
Weighted average number of common shares/units and potential dilutive securities 372,573 362,926 372,197 362,615
Comprehensive income:        
Net income $ 40,220 $ 71,668 $ 59,880 $ 116,591
Unrealized losses on interest rate swap contracts 0 (14,699) 0 (24,041)
Amortization of interest rate swap contracts 889 0 1,690 0
Comprehensive income $ 41,109 $ 56,969 $ 61,570 $ 92,550