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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental and related revenue $ 280,145 $ 253,971 $ 555,359 $ 512,150
General contractor and service fee revenue 5,143 17,721 8,092 48,834
Revenues, total 285,288 271,692 563,451 560,984
Expenses:        
Rental expenses 21,240 18,515 46,526 46,645
Real estate taxes 43,728 41,368 87,656 82,538
General contractor and other services expenses 3,730 14,066 5,199 43,529
Depreciation and amortization 93,944 91,729 187,945 185,302
Costs and expenses, total 162,642 165,678 327,326 358,014
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 5,565 10,590 9,380 26,858
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 24,832 95,183 235,579 116,543
Earnings from sales of land 2,025 9,900 3,117 11,138
Other Operating Income (Expense), Net (531) (338) (1,310) (1,483)
Impairment charges (1,563) 0 (1,563) 0
Expense impact of costs attributable to successful leasing activities (3,502) (4,027) (9,014) (6,985)
General and administrative expenses (27,496) (15,879) (51,409) (40,096)
Other Operating Activities, Net (670) 95,429 184,780 105,975
Operating income 121,976 201,443 420,905 308,945
Other income (expenses):        
Interest and other income, net 939 1,673 1,764 2,136
Interest expense (18,734) (21,072) (38,733) (43,579)
Loss on debt extinguishment 0 (3,938) (21,948) (4,008)
Gain on involuntary conversion 0 3,222 0 3,222
Income before income taxes 104,181 181,328 361,988 266,716
Income tax expense (493) (3,672) (6,823) (8,856)
Net income 103,688 177,656 355,165 257,860
Net income attributable to noncontrolling interests (1,218) (1,839) (3,774) (2,681)
Net income attributable to common shareholders $ 102,470 $ 175,817 $ 351,391 $ 255,179
Weighted average number of common shares/units outstanding 384,519 376,020 383,619 374,850
Weighted average number of common shares/units and potential dilutive securities 389,199 381,621 389,265 380,334
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.27 $ 0.47 $ 0.91 $ 0.68
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.27 $ 0.47 $ 0.91 $ 0.68
Comprehensive income:        
Net income $ 103,688 $ 177,656 $ 355,165 $ 257,860
Amortization of interest rate swap contracts 889 890 1,778 1,779
Comprehensive income 104,577 178,546 356,943 259,639
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 280,145 253,971 555,359 512,150
General contractor and service fee revenue 5,143 17,721 8,092 48,834
Revenues, total 285,288 271,692 563,451 560,984
Expenses:        
Rental expenses 21,240 18,515 46,526 46,645
Real estate taxes 43,728 41,368 87,656 82,538
General contractor and other services expenses 3,730 14,066 5,199 43,529
Depreciation and amortization 93,944 91,729 187,945 185,302
Costs and expenses, total 162,642 165,678 327,326 358,014
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 5,565 10,590 9,380 26,858
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 24,832 95,183 235,579 116,543
Earnings from sales of land 2,025 9,900 3,117 11,138
Other Operating Income (Expense), Net (531) (338) (1,310) (1,483)
Impairment charges (1,563) 0 (1,563) 0
Expense impact of costs attributable to successful leasing activities (3,502) (4,027) (9,014) (6,985)
General and administrative expenses (27,496) (15,879) (51,409) (40,096)
Other Operating Activities, Net (670) 95,429 184,780 105,975
Operating income 121,976 201,443 420,905 308,945
Other income (expenses):        
Interest and other income, net 939 1,673 1,764 2,136
Interest expense (18,734) (21,072) (38,733) (43,579)
Loss on debt extinguishment 0 (3,938) (21,948) (4,008)
Gain on involuntary conversion 0 3,222 0 3,222
Income before income taxes 104,181 181,328 361,988 266,716
Income tax expense (493) (3,672) (6,823) (8,856)
Net income 103,688 177,656 355,165 257,860
Net income attributable to noncontrolling interests (90) (101) (183) (182)
Net income attributable to common shareholders $ 103,598 $ 177,555 $ 354,982 $ 257,678
Weighted average number of common shares/units outstanding 388,541 379,790 387,534 378,523
Weighted average number of common shares/units and potential dilutive securities 389,199 381,621 389,265 380,334
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.27 $ 0.47 $ 0.91 $ 0.68
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.27 $ 0.47 $ 0.91 $ 0.68
Comprehensive income:        
Net income $ 103,688 $ 177,656 $ 355,165 $ 257,860
Amortization of interest rate swap contracts 889 890 1,778 1,779
Comprehensive income $ 104,577 $ 178,546 $ 356,943 $ 259,639