Senior Managing Director & Chief Compliance Officer

0000765443-14-000006.txt : 20141008 0000765443-14-000006.hdr.sgml : 20141008 20141008115012 ACCESSION NUMBER: 0000765443-14-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141008 DATE AS OF CHANGE: 20141008 EFFECTIVENESS DATE: 20141008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUFF & PHELPS INVESTMENT MANAGEMENT CO CENTRAL INDEX KEY: 0000765443 IRS NUMBER: 363027981 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01420 FILM NUMBER: 141147319 BUSINESS ADDRESS: STREET 1: 200 SOUTH WACKER DRIVE STREET 2: SUITE 500 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3122632610 MAIL ADDRESS: STREET 1: 200 SOUTH WACKER DRIVE STREET 2: SUITE 500 CITY: CHICAGO STATE: IL ZIP: 60606 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0000765443 XXXXXXXX 09-30-2014 09-30-2014 DUFF & PHELPS INVESTMENT MANAGEMENT CO

200 SOUTH WACKER DRIVE SUITE 500 CHICAGO IL 60606

13F HOLDINGS REPORT 028-01420 N Joyce Riegel Senior Managing Director & Chief Compliance Officer 312-917-6541 Joyce Riegel Chicago ID 10-08-2014 0 230 7027043 false INFORMATION TABLE 2 r20140930.xml 3M Co Common Stock 88579Y101 1829 12910 SH SOLE 12910 0 0 Abbott Laboratories Common Stock 002824100 1254 30150 SH SOLE 30150 0 0 Abbvie Inc. Common Stock 00287Y109 1857 32150 SH SOLE 32150 0 0 Accenture Ltd Common Stock G1151C101 1026 12615 SH SOLE 12615 0 0 Access Midstream Partners LP Master Ltd Part 00434L109 60878 956600 SH SOLE 956600 0 0 Allete Inc Common Stock 018522300 2160 48650 SH SOLE 48650 0 0 Alliant Energy Corp Common Stock 018802108 83115 1500000 SH SOLE 1500000 0 0 Allstate Corp Common Stock 020002101 534 8700 SH SOLE 8700 0 0 Altria Group Inc Common Stock 02209S103 1818 39575 SH SOLE 39575 0 0 Amazon.Com Inc Common Stock 023135106 2433 7545 SH SOLE 7545 0 0 Ameren Corp Common Stock 023608102 68994 1800000 SH SOLE 1800000 0 0 American Campus Communities REIT 024835100 41772 1146017 SH SOLE 1057702 0 88315 American Express Co Common Stock 025816109 1580 18050 SH SOLE 18050 0 0 American International Group Common Stock 026874784 1541 28530 SH SOLE 28530 0 0 American Tower REIT Inc REIT 03027X100 6089 65035 SH SOLE 65035 0 0 American Water Works Co Common Stock 030420103 51681 1071545 SH SOLE 1071545 0 0 Amerigas Partners LP Master Ltd Part 030975106 9124 200000 SH SOLE 200000 0 0 Amgen Inc Common Stock 031162100 2123 15115 SH SOLE 15115 0 0 Anadarko Petroleum Corp Common Stock 032511107 1023 10080 SH SOLE 10080 0 0 Apache Corp Common Stock 037411105 719 7655 SH SOLE 7655 0 0 Apple Computer Inc Common Stock 037833100 11107 110245 SH SOLE 110245 0 0 AT & T Inc. Common Stock 00206R102 83771 2377149 SH SOLE 2377149 0 0 Atlas Pipeline Partner LP Master Ltd Part 049392103 47896 1313658 SH SOLE 1313658 0 0 Avalonbay Communities Inc REIT 053484101 46627 330759 SH SOLE 291159 0 39600 Bank of America Corp Common Stock 060505104 3583 210155 SH SOLE 210155 0 0 Bank of New York Mellon Corp Common Stock 064058100 584 15090 SH SOLE 15090 0 0 Baxter International Inc Common Stock 071813109 773 10775 SH SOLE 10775 0 0 BCE Inc Foreign Common 05534B760 42164 986052 SH SOLE 986052 0 0 Berkshire Hathaway Common Stock 084670702 2621 18975 SH SOLE 18975 0 0 Biogen Idec Inc Common Stock 09062X103 1558 4710 SH SOLE 4710 0 0 Boeing Co Common Stock 097023105 1702 13365 SH SOLE 13365 0 0 Boston Properties Inc REIT 101121101 82347 711362 SH SOLE 631882 0 79480 Breitburn Energy Partners LP Master Ltd Part 106776107 11218 552075 SH SOLE 552075 0 0 Bristol-Myers Squibb Co Common Stock 110122108 1691 33050 SH SOLE 33050 0 0 Brixmor Property Group Inc REIT 11120U105 20903 939061 SH SOLE 874331 0 64730 Camden Property Trust REIT 133131102 66710 973435 SH SOLE 874785 0 98650 Capital One Financial Co Common Stock 14040H105 919 11265 SH SOLE 11265 0 0 Caterpillar Inc Common Stock 149123101 1234 12465 SH SOLE 12465 0 0 Centerpoint Energy Inc Common Stock 15189T107 75155 3071300 SH SOLE 3071300 0 0 CenturyLink Inc Common Stock 156700106 65424 1600000 SH SOLE 1600000 0 0 Chevron Corp Common Stock 166764100 4522 37895 SH SOLE 37895 0 0 Cisco Systems Inc Common Stock 17275R102 2566 101940 SH SOLE 101940 0 0 Citigroup Inc Common Stock 172967424 3136 60519 SH SOLE 60519 0 0 Cleco Corp Common Stock 12561W105 60233 1250950 SH SOLE 1250950 0 0 CMS Energy Corp Common Stock 125896100 76715 2586495 SH SOLE 2586495 0 0 Coca-Cola Co Common Stock 191216100 3362 78820 SH SOLE 78820 0 0 Colgate-Palmolive Co Common Stock 194162103 1122 17200 SH SOLE 17200 0 0 Comcast Corp Common Stock 20030N101 2783 51750 SH SOLE 51750 0 0 Conocophillips Common Stock 20825C104 1874 24495 SH SOLE 24495 0 0 Costco Wholesale Corp Common Stock 22160K105 1096 8745 SH SOLE 8745 0 0 Crestwood Midstream Ptnrs LP Master Ltd Part 226378107 25857 1140574 SH SOLE 1140574 0 0 Crown Castle Intl Corp REIT 228227104 6615 82145 SH SOLE 82145 0 0 CubeSmart REIT 229663109 8323 462900 SH SOLE 451700 0 11200 CVS Health Corp Common Stock 126650100 1843 23155 SH SOLE 23155 0 0 DCP Midstream Partners Master Ltd Part 23311P100 56094 1030184 SH SOLE 1030184 0 0 DCT Industrial REIT 233153105 80608 10733398 SH SOLE 9731592 0 1001806 DDR Corp REIT 23317H102 34588 2067444 SH SOLE 1840584 0 226860 Devon Energy Corporation Common Stock 25179M103 521 7640 SH SOLE 7640 0 0 Dominion Resources Inc Common Stock 25746U109 80673 1167653 SH SOLE 1167653 0 0 Douglas Emmett Inc REIT 25960P109 48324 1882490 SH SOLE 1695929 0 186561 DOW Chemical Co Common Stock 260543103 1175 22410 SH SOLE 22410 0 0 DTE Energy Co Common Stock 233331107 103975 1366655 SH SOLE 1366655 0 0 DU Pont [E I] De Nemours Common Stock 263534109 1308 18230 SH SOLE 18230 0 0 Duke Energy Corp Common Stock 26441C204 90472 1210000 SH SOLE 1210000 0 0 Duke Realty Corp REIT 264411505 43765 2547435 SH SOLE 2269410 0 278025 EastGroup Properties REIT 277276101 3387 55902 SH SOLE 50887 0 5015 eBay Inc Common Stock 278642103 1283 22650 SH SOLE 22650 0 0 Edison International Common Stock 281020107 2511 44905 SH SOLE 44905 0 0 EL Paso Pipeline Partners LP Master Ltd Part 283702108 66490 1655627 SH SOLE 1655627 0 0 EMC Corp Common Stock 268648102 1187 40555 SH SOLE 40555 0 0 Emerson Electric Co Common Stock 291011104 874 13960 SH SOLE 13960 0 0 Enbridge Energy Partners Master Ltd Part 29250R106 88495 2277861 SH SOLE 2277861 0 0 Enbridge Inc Foreign Common 29250N105 90181 1883481 SH SOLE 1883481 0 0 Energy Transfer Equity Master Ltd Part 29273V100 50877 824724 SH SOLE 824724 0 0 Energy Transfer Partners Master Ltd Part 29273R109 115061 1798103 SH SOLE 1798103 0 0 Enlink Midstream Partners LP Master Ltd Part 29336U107 41455 1361399 SH SOLE 1361399 0 0 Enterprise Prods Prtnrs Master Ltd Part 293792107 83695 2076800 SH SOLE 2076800 0 0 EQT Midstream Partners LP Master Ltd Part 26885B100 20700 231000 SH SOLE 231000 0 0 Equity Lifestyle Properties REIT 29472R108 16768 395848 SH SOLE 354393 0 41455 Equity Residential REIT 29476L107 103522 1681101 SH SOLE 1483163 0 197938 Essex Property Trust REIT 297178105 101268 566532 SH SOLE 503102 0 63430 Exelon Corp Common Stock 30161N101 305 8935 SH SOLE 8935 0 0 Extra Space Storage Inc REIT 30225T102 79339 1538476 SH SOLE 1397161 0 141315 Exxon Mobil Corp Common Stock 30231G102 7997 85025 SH SOLE 85025 0 0 Facebook Inc Common Stock 30303M102 3074 38895 SH SOLE 38895 0 0 Fedex Corp Common Stock 31428X106 852 5275 SH SOLE 5275 0 0 Ford Motor Co Common Stock 345370860 1146 77510 SH SOLE 77510 0 0 Freeprt McMoran Cop and Gld Common Stock 35671D857 676 20700 SH SOLE 20700 0 0 Frontier Communications Corp Common Stock 35906A108 45560 6998491 SH SOLE 6998491 0 0 Gaslog Partners LP Master Ltd Part Y2687W108 16020 521830 SH SOLE 521830 0 0 General Dynamics Corp Common Stock 369550108 807 6350 SH SOLE 6350 0 0 General Electric Co Common Stock 369604103 5138 200528 SH SOLE 200528 0 0 General Growth Pptys Inc REIT 370023103 86097 3655910 SH SOLE 3319710 0 336200 General Motors Co Common Stock 37045V100 857 26840 SH SOLE 26840 0 0 Genesis Energy LP Master Ltd Part 371927104 34874 662500 SH SOLE 662500 0 0 Gilead Sciences Inc Common Stock 375558103 3215 30205 SH SOLE 30205 0 0 Goldman Sachs Group Inc Common Stock 38141G104 1514 8245 SH SOLE 8245 0 0 Google Inc Common Stock 38259P508 3330 5660 SH SOLE 5660 0 0 Google Inc Common Stock 38259P706 3268 5660 SH SOLE 5660 0 0 Great Plains Energy Inc Common Stock 391164100 60425 2500000 SH SOLE 2500000 0 0 Halliburton Co Common Stock 406216101 1096 16990 SH SOLE 16990 0 0 HCP Inc REIT 40414L109 55913 1408034 SH SOLE 1256931 0 151103 Health Care Reit Inc REIT 42217K106 1418 22739 SH SOLE 22739 0 0 Hewlett-Packard Co Common Stock 428236103 1326 37395 SH SOLE 37395 0 0 Highwoods Properties Inc REIT 431284108 25183 647380 SH SOLE 599479 0 47901 Home Depot Inc Common Stock 437076102 2467 26895 SH SOLE 26895 0 0 Honeywell International Inc Common Stock 438516106 1455 15620 SH SOLE 15620 0 0 Host Hotels & Resorts Inc REIT 44107P104 97518 4571861 SH SOLE 4147686 0 424175 Integrys Energy Group Inc Common Stock 45822P105 32410 500000 SH SOLE 500000 0 0 Intel Corp Common Stock 458140100 3444 98910 SH SOLE 98910 0 0 Intl Business Machines Corp Common Stock 459200101 3519 18540 SH SOLE 18540 0 0 iShares Exchange Traded 464287606 6637 43820 SH SOLE 43820 0 0 iShares Exchange Traded 464287630 11399 121840 SH SOLE 121840 0 0 iShares Exchange Traded 464287648 6500 50120 SH SOLE 50120 0 0 iShares Exchange Traded 464287705 12661 105240 SH SOLE 105240 0 0 iShares Exchange Traded 464288588 49339 456375 SH SOLE 456375 0 0 iShares Exchange Traded 464288646 51499 489160 SH SOLE 489160 0 0 ITC Holdings Corp Common Stock 465685105 2506 70345 SH SOLE 70345 0 0 J P Morgan Chase & Co Common Stock 46625H100 4526 75140 SH SOLE 75140 0 0 Johnson & Johnson Common Stock 478160104 6008 56370 SH SOLE 56370 0 0 Kilroy Realty Corp REIT 49427F108 90555 1523476 SH SOLE 1373028 0 150448 Kimco Realty Corp REIT 49446R109 43194 1971427 SH SOLE 1753552 0 217875 Kinder Morgan Energy Partners Master Ltd Part 494550106 101242 1085351 SH SOLE 1085351 0 0 Kinder Morgan Inc Common Stock 49456B101 72444 1889526 SH SOLE 1889526 0 0 Knot Offshore Prtnrs LP Master Ltd Part Y48125101 15007 601000 SH SOLE 601000 0 0 Lasalle Hotel Properties REIT 517942108 60722 1773436 SH SOLE 1607782 0 165654 Legacy Reserves LP Master Ltd Part 524707304 10139 341600 SH SOLE 341600 0 0 Liberty Property Trust REIT 531172104 63086 1896740 SH SOLE 1714560 0 182180 Lilly [Eli] & Co Common Stock 532457108 1274 19645 SH SOLE 19645 0 0 Linn Energy LLC Master Ltd Part 536020100 21610 717000 SH SOLE 717000 0 0 Lockheed Martin Corp Common Stock 539830109 982 5375 SH SOLE 5375 0 0 Lowe's Companies Inc Common Stock 548661107 1048 19800 SH SOLE 19800 0 0 Macerich Co REIT 554382101 99008 1551121 SH SOLE 1400681 0 150440 Magellan Midstream Partn LP Master Ltd Part 559080106 33680 400090 SH SOLE 400090 0 0 Markwest Energy Partners LP Master Ltd Part 570759100 98253 1279000 SH SOLE 1279000 0 0 MasterCard Inc Common Stock 57636Q104 1452 19640 SH SOLE 19640 0 0 McDonald's Corp Common Stock 580135101 1862 19640 SH SOLE 19640 0 0 Medtronic Inc Common Stock 585055106 1222 19725 SH SOLE 19725 0 0 Memorial Production Prtrs LP Master Ltd Part 586048100 12100 550000 SH SOLE 550000 0 0 Merck & Co Inc. Common Stock 58933Y105 3414 57593 SH SOLE 57593 0 0 Metlife Inc Common Stock 59156R108 1205 22430 SH SOLE 22430 0 0 Microsoft Corp Common Stock 594918104 7627 164510 SH SOLE 164510 0 0 Mondelez International Inc Common Stock 609207105 1154 33666 SH SOLE 33666 0 0 Monsanto Co Common Stock 61166W101 1175 10445 SH SOLE 10445 0 0 Morgan Stanley Common Stock 617446448 1054 30475 SH SOLE 30475 0 0 National Grid Plc ADRs 636274300 13562 188673 SH SOLE 188673 0 0 National Oilwell Varco Inc Common Stock 637071101 650 8535 SH SOLE 8535 0 0 NextEra Energy Inc Common Stock 65339F101 101227 1078255 SH SOLE 1078255 0 0 Nike Inc Common Stock 654106103 1251 14020 SH SOLE 14020 0 0 Nippon Telegraph & Telephone ADRs 654624105 2472 79465 SH SOLE 79465 0 0 Nisource Inc Common Stock 65473P105 86297 2105840 SH SOLE 2105840 0 0 Norfolk Southern Corp Common Stock 655844108 695 6230 SH SOLE 6230 0 0 Northeast Utilities Common Stock 664397106 91102 2056475 SH SOLE 2056475 0 0 Northern Tier Energy LP Master Ltd Part 665826103 14021 600476 SH SOLE 600476 0 0 Northwest Natural Gas Co Common Stock 667655104 33800 800000 SH SOLE 800000 0 0 Nustar Energy LP Master Ltd Part 67058H102 32819 497716 SH SOLE 497716 0 0 Occidental Petroleum Corp Common Stock 674599105 1501 15615 SH SOLE 15615 0 0 OGE Energy Corp Common Stock 670837103 74220 2000000 SH SOLE 2000000 0 0 Oneok Inc Common Stock 682680103 3929 59935 SH SOLE 59935 0 0 Oneok Partners Master Ltd Part 68268N103 33368 596291 SH SOLE 596291 0 0 Oracle Corp Common Stock 68389X105 2485 64910 SH SOLE 64910 0 0 Pebblebrook Hotel Trust REIT 70509V100 68561 1836128 SH SOLE 1659770 0 176358 Pepsico Inc Common Stock 713448108 2800 30075 SH SOLE 30075 0 0 Pfizer Inc Common Stock 717081103 3745 126653 SH SOLE 126653 0 0 Philip Morris International Common Stock 718172109 2603 31215 SH SOLE 31215 0 0 Piedmont Natural Gas Co Common Stock 720186105 33530 1000000 SH SOLE 1000000 0 0 Plains All Amer Pipelne LP Master Ltd Part 726503105 47595 808610 SH SOLE 808610 0 0 Plains GP Holdings LP Master Ltd Part 72651A108 2826 92210 SH SOLE 92210 0 0 Portland General Electric Co Common Stock 736508847 66905 2082970 SH SOLE 2082970 0 0 PPL Corp Common Stock 69351T106 107821 3283215 SH SOLE 3283215 0 0 Procter & Gamble Co Common Stock 742718109 4523 54010 SH SOLE 54010 0 0 Prologis Inc REIT 74340W103 121323 3218116 SH SOLE 2833166 0 384950 Public Service Entrp Grp Inc Common Stock 744573106 69967 1878810 SH SOLE 1878810 0 0 Public Storage REIT 74460D109 145172 875376 SH SOLE 779076 0 96300 Qualcomm Inc Common Stock 747525103 2503 33470 SH SOLE 33470 0 0 Questar Corp Common Stock 748356102 44260 1985650 SH SOLE 1985650 0 0 Raytheon Co Common Stock 755111507 629 6190 SH SOLE 6190 0 0 RLJ Lodging Trust REIT 74965L101 27311 959300 SH SOLE 910025 0 49275 Schlumberger Ltd Common Stock 806857108 2635 25915 SH SOLE 25915 0 0 Seadrill Partners LLC Master Ltd Part Y7545W109 34483 1105584 SH SOLE 1105584 0 0 Sempra Energy Common Stock 816851109 101101 959395 SH SOLE 959395 0 0 Simon Property Group Inc REIT 828806109 230348 1400972 SH SOLE 1238254 0 162718 SL Green Realty Corp REIT 78440X101 28356 279864 SH SOLE 248715 0 31149 Southern Co Common Stock 842587107 106258 2434320 SH SOLE 2434320 0 0 Spectra Energy Corp Common Stock 847560109 83597 2129330 SH SOLE 2129330 0 0 Starbucks Corp Common Stock 855244109 1130 14970 SH SOLE 14970 0 0 Summit Midstream Partners LP Master Ltd Part 866142102 7629 150000 SH SOLE 150000 0 0 Suncoke Energy Partners LP Master Ltd Part 86722Y101 5453 185285 SH SOLE 185285 0 0 Sunoco Logistics Partners LP Master Ltd Part 86764L108 29390 609000 SH SOLE 609000 0 0 Tallgrass Energy Prt LP Master Ltd Part 874697105 18124 400000 SH SOLE 400000 0 0 Tanger Factory Outlet Centers REIT 875465106 66637 2036594 SH SOLE 1875524 0 161070 Targa Resources Partners Master Ltd Part 87611X105 83350 1152038 SH SOLE 1152038 0 0 Target Corp Common Stock 87612E106 792 12635 SH SOLE 12635 0 0 TC Pipelines LP Master Ltd Part 87233Q108 37295 550807 SH SOLE 550807 0 0 Teekay LNG Partners Master Ltd Part Y8564M105 33865 777428 SH SOLE 777428 0 0 Teekay Offshore Partners Master Ltd Part Y8565J101 12933 384919 SH SOLE 384919 0 0 Tesoro Logistics LP Master Ltd Part 88160T107 24927 352229 SH SOLE 352229 0 0 Texas Instruments Inc Common Stock 882508104 1016 21305 SH SOLE 21305 0 0 Time Warner Inc Common Stock 887317303 1284 17066 SH SOLE 17066 0 0 Transcanada Corp Foreign Common 89353D107 61320 1189983 SH SOLE 1189983 0 0 Transocean Partners LLC Master Ltd Part Y8977Y100 7986 305056 SH SOLE 305056 0 0 Twenty-First Century Fox Inc Common Stock 90130A101 1291 37660 SH SOLE 37660 0 0 U S Bancorp Common Stock 902973304 1507 36022 SH SOLE 36022 0 0 Union Pacific Corp Common Stock 907818108 1955 18030 SH SOLE 18030 0 0 United Parcel Service Common Stock 911312106 1376 13995 SH SOLE 13995 0 0 United Technologies Corp Common Stock 913017109 1784 16890 SH SOLE 16890 0 0 UnitedHealth Group Inc Common Stock 91324P102 1675 19415 SH SOLE 19415 0 0 Valero Energy Prtnrs LP Master Ltd Part 91914J102 6134 137440 SH SOLE 137440 0 0 Vanguard Exchange Traded 922042775 21969 446165 SH SOLE 446165 0 0 Vanguard Exchange Traded 922042858 5154 123560 SH SOLE 123560 0 0 Vanguard FTSE Developed Market Exchange Traded 921943858 20693 520590 SH SOLE 520590 0 0 Vanguard Natural Resources Master Ltd Part 92205F106 9199 335000 SH SOLE 335000 0 0 Vectren Corp Common Stock 92240G101 59850 1500000 SH SOLE 1500000 0 0 Ventas Inc REIT 92276F100 66451 1072651 SH SOLE 950167 0 122484 Verizon Communications Inc Common Stock 92343V104 122732 2455127 SH SOLE 2455127 0 0 Visa Inc Common Stock 92826C839 2092 9805 SH SOLE 9805 0 0 Vodafone Group PLC ADRs 92857W308 31591 960518 SH SOLE 960518 0 0 Wal-Mart Stores Common Stock 931142103 2409 31500 SH SOLE 31500 0 0 Walgreen Co Common Stock 931422109 1039 17535 SH SOLE 17535 0 0 Walt Disney Co Common Stock 254687106 2809 31550 SH SOLE 31550 0 0 Washington Prime Group REIT 939647103 14742 843375 SH SOLE 748017 0 95358 Wells Fargo & Co Common Stock 949746101 2372 45724 SH SOLE 45724 0 0 Westar Energy Inc Common Stock 95709T100 96560 2830000 SH SOLE 2830000 0 0 Western Gas Partners LP Master Ltd Part 958254104 35100 468000 SH SOLE 468000 0 0 Westlake Chemical Partners Master Ltd Part 960417103 16255 560500 SH SOLE 560500 0 0 WGL Holdings Inc Common Stock 92924F106 42120 1000000 SH SOLE 1000000 0 0 Williams Cos Inc Common Stock 969457100 73858 1334374 SH SOLE 1334374 0 0 Williams Partners LP Master Ltd Part 96950F104 96496 1818970 SH SOLE 1818970 0 0 Windstream Holdings Inc Common Stock 97382A101 74820 6940617 SH SOLE 6940617 0 0 XCEL Energy Inc Common Stock 98389B100 72960 2400000 SH SOLE 2400000 0 0