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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Rental and related revenue $ 256,815 $ 235,391 $ 768,965 $ 680,520
General contractor and service fee revenue 23,550 26,637 72,384 46,388
Revenues, total 280,365 262,028 841,349 726,908
Expenses:        
Rental expenses 19,766 20,231 66,411 56,631
Real estate taxes 39,972 37,027 122,510 110,517
General contractor and other services expenses 19,040 24,604 62,569 41,578
Depreciation and amortization 88,033 88,596 273,335 260,659
Costs and expenses, total 166,811 170,458 524,825 469,385
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 2,966 4,023 29,824 8,958
Gain on sale of properties 439,212 10,968 555,755 19,905
Gain on land sales 1,653 2,346 12,791 8,551
Other operating expenses (1,290) (1,772) (2,773) (4,430)
Impairment charges 0 0 0 (5,626)
Non-incremental costs related to successful leases (3,334) (4,058) (10,319) (10,617)
General and administrative expenses (14,152) (11,439) (54,248) (46,808)
Other Operating Activities, Net 425,055 68 531,030 (30,067)
Operating income 538,609 91,638 847,554 227,456
Other income (expenses):        
Interest and other income, net 1,433 32 3,569 1,643
Interest expense (20,003) (23,059) (63,582) (69,394)
Loss on debt extinguishment (13,893) (120) (17,901) (32,898)
Gain on involuntary conversion 0 3,029 3,222 4,312
Income from continuing operations before income taxes 506,146 71,520 772,862 131,119
Income tax (expense) benefit (6,381) 956 (15,237) 1,166
Income from continuing operations 499,765 72,476 757,625 132,285
Discontinued operations:        
Gain on sale of properties 0 40 0 111
Income from discontinued operations 0 40 0 111
Net income 499,765 72,516 757,625 132,396
Net income attributable to noncontrolling interests (4,948) (693) (7,629) (1,297)
Net income attributable to common shareholders $ 494,817 $ 71,823 $ 749,996 $ 131,099
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 1.30 $ 0.19 $ 1.99 $ 0.35
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 1.30 $ 0.19 $ 1.98 $ 0.35
Weighted average number of common shares/units outstanding 379,220 371,082 376,323 369,375
Weighted average number of common shares/units and potential dilutive securities 384,624 374,834 381,811 373,091
Comprehensive income:        
Net income $ 499,765 $ 72,516 $ 757,625 $ 132,396
Amortization of interest rate swap contracts 889 889 2,668 2,579
Comprehensive income 500,654 73,405 760,293 134,975
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 256,815 235,391 768,965 680,520
General contractor and service fee revenue 23,550 26,637 72,384 46,388
Revenues, total 280,365 262,028 841,349 726,908
Expenses:        
Rental expenses 19,766 20,231 66,411 56,631
Real estate taxes 39,972 37,027 122,510 110,517
General contractor and other services expenses 19,040 24,604 62,569 41,578
Depreciation and amortization 88,033 88,596 273,335 260,659
Costs and expenses, total 166,811 170,458 524,825 469,385
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 2,966 4,023 29,824 8,958
Gain on sale of properties 439,212 10,968 555,755 19,905
Gain on land sales 1,653 2,346 12,791 8,551
Other operating expenses (1,290) (1,772) (2,773) (4,430)
Impairment charges 0 0 0 (5,626)
Non-incremental costs related to successful leases (3,334) (4,058) (10,319) (10,617)
General and administrative expenses (14,152) (11,439) (54,248) (46,808)
Other Operating Activities, Net 425,055 68 531,030 (30,067)
Operating income 538,609 91,638 847,554 227,456
Other income (expenses):        
Interest and other income, net 1,433 32 3,569 1,643
Interest expense (20,003) (23,059) (63,582) (69,394)
Loss on debt extinguishment (13,893) (120) (17,901) (32,898)
Gain on involuntary conversion 0 3,029 3,222 4,312
Income from continuing operations before income taxes 506,146 71,520 772,862 131,119
Income tax (expense) benefit (6,381) 956 (15,237) 1,166
Income from continuing operations 499,765 72,476 757,625 132,285
Discontinued operations:        
Gain on sale of properties 0 40 0 111
Income from discontinued operations 0 40 0 111
Net income 499,765 72,516 757,625 132,396
Net income attributable to noncontrolling interests (100) (55) (282) (133)
Net income attributable to common shareholders $ 499,665 $ 72,461 $ 757,343 $ 132,263
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 1.30 $ 0.19 $ 1.99 $ 0.35
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 1.30 $ 0.19 $ 1.98 $ 0.35
Weighted average number of common shares/units outstanding 382,981 374,412 380,025 372,671
Weighted average number of common shares/units and potential dilutive securities 384,624 374,834 381,811 373,091
Comprehensive income:        
Net income $ 499,765 $ 72,516 $ 757,625 $ 132,396
Amortization of interest rate swap contracts 889 889 2,668 2,579
Comprehensive income $ 500,654 $ 73,405 $ 760,293 $ 134,975