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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental and related revenue $ 235,391 $ 215,374 $ 680,520 $ 638,446
General contractor and service fee revenue 26,637 25,955 46,388 104,838
Revenues, total 262,028 241,329 726,908 743,284
Expenses:        
Rental expenses 20,231 19,158 56,631 57,423
Real estate taxes 37,027 31,739 110,517 96,556
General contractor and other services expenses 24,604 23,640 41,578 99,415
Depreciation and amortization 88,596 83,924 260,659 242,920
Costs and expenses, total 170,458 158,461 469,385 496,314
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 4,023 3,736 8,958 12,594
Gain on sale of properties 10,968 173,646 19,905 204,075
Gain on land sales 2,346 3,869 8,551 6,569
Other operating expenses (1,772) (874) (4,430) (4,515)
Impairment charges 0 0 (5,626) 0
Non-incremental costs related to successful leases (4,058) (1,123) (10,617) (6,726)
General and administrative expenses (11,439) (13,720) (46,808) (49,123)
Other Operating Activities, Net 68 165,534 (30,067) 162,874
Operating income 91,638 248,402 227,456 409,844
Other income (expenses):        
Interest and other income, net 32 2,085 1,643 7,377
Interest expense (23,059) (22,604) (69,394) (68,246)
Loss on debt extinguishment (120) 0 (32,898) (13)
Gain on involuntary conversion 3,029 0 4,312 2,259
Income from continuing operations before income taxes 71,520 227,883 131,119 351,221
Income tax benefit (expense) 956 536 1,166 (6,465)
Income from continuing operations 72,476 228,419 132,285 344,756
Discontinued operations:        
Gain on sale of properties 40 112 111 366
Income from discontinued operations 40 112 111 366
Net income 72,516 228,531 132,396 345,122
Net income attributable to noncontrolling interests (693) (1,965) (1,297) (2,952)
Net income attributable to common shareholders $ 71,823 $ 226,566 $ 131,099 $ 342,170
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.19 $ 0.62 $ 0.35 $ 0.95
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.19 $ 0.62 $ 0.35 $ 0.94
Weighted average number of common shares/units outstanding 371,082 362,416 369,375 360,424
Weighted average number of common shares/units and potential dilutive securities 374,834 367,271 373,091 365,343
Comprehensive income:        
Net income $ 72,516 $ 228,531 $ 132,396 $ 345,122
Unrealized losses on interest rate swap contracts 0 (13,387) 0 (37,428)
Amortization of interest rate swap contracts 889 0 2,579 0
Comprehensive income 73,405 215,144 134,975 307,694
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 235,391 215,374 680,520 638,446
General contractor and service fee revenue 26,637 25,955 46,388 104,838
Revenues, total 262,028 241,329 726,908 743,284
Expenses:        
Rental expenses 20,231 19,158 56,631 57,423
Real estate taxes 37,027 31,739 110,517 96,556
General contractor and other services expenses 24,604 23,640 41,578 99,415
Depreciation and amortization 88,596 83,924 260,659 242,920
Costs and expenses, total 170,458 158,461 469,385 496,314
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 4,023 3,736 8,958 12,594
Gain on sale of properties 10,968 173,646 19,905 204,075
Gain on land sales 2,346 3,869 8,551 6,569
Other operating expenses (1,772) (874) (4,430) (4,515)
Impairment charges 0 0 (5,626) 0
Non-incremental costs related to successful leases (4,058) (1,123) (10,617) (6,726)
General and administrative expenses (11,439) (13,720) (46,808) (49,123)
Other Operating Activities, Net 68 165,534 (30,067) 162,874
Operating income 91,638 248,402 227,456 409,844
Other income (expenses):        
Interest and other income, net 32 2,085 1,643 7,377
Interest expense (23,059) (22,604) (69,394) (68,246)
Loss on debt extinguishment (120) 0 (32,898) (13)
Gain on involuntary conversion 3,029 0 4,312 2,259
Income from continuing operations before income taxes 71,520 227,883 131,119 351,221
Income tax benefit (expense) 956 536 1,166 (6,465)
Income from continuing operations 72,476 228,419 132,285 344,756
Discontinued operations:        
Gain on sale of properties 40 112 111 366
Income from discontinued operations 40 112 111 366
Net income 72,516 228,531 132,396 345,122
Net (income) loss attributable to noncontrolling interests (55) 3 (133) 19
Net income attributable to common shareholders $ 72,461 $ 228,534 $ 132,263 $ 345,141
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.19 $ 0.62 $ 0.35 $ 0.95
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.19 $ 0.62 $ 0.35 $ 0.94
Weighted average number of common shares/units outstanding 374,412 365,558 372,671 363,542
Weighted average number of common shares/units and potential dilutive securities 374,834 367,271 373,091 365,343
Comprehensive income:        
Net income $ 72,516 $ 228,531 $ 132,396 $ 345,122
Unrealized losses on interest rate swap contracts 0 (13,387) 0 (37,428)
Amortization of interest rate swap contracts 889 0 2,579 0
Comprehensive income $ 73,405 $ 215,144 $ 134,975 $ 307,694