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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, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental and related revenue $ 213,107 $ 192,093 $ 423,072 $ 385,549
General contractor and service fee revenue 23,919 18,465 78,883 59,566
Revenues, total 237,026 210,558 501,955 445,115
Expenses:        
Rental expenses 17,597 16,377 38,265 36,290
Real estate taxes 32,375 31,196 64,817 62,342
General contractor and other services expenses 23,189 15,253 75,775 55,662
Depreciation and amortization 83,004 75,832 158,996 153,361
Costs and expenses, total 156,165 138,658 337,853 307,655
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 4,143 1,682 8,858 9,969
Gain on sale of properties 30,592 149,962 30,429 194,848
Gain on land sales 1,950 357 2,700 3,306
Other operating expenses (1,518) (1,529) (3,641) (2,798)
Non-incremental costs related to successful leases (3,447) 0 (5,603) 0
General and administrative expenses (13,420) (13,459) (35,403) (34,482)
Other Operating Activities, Net 18,300 137,013 (2,660) 170,843
Operating income 99,161 208,913 161,442 308,303
Other income (expenses):        
Interest and other income, net 2,534 4,727 5,292 9,190
Interest expense (23,510) (20,675) (45,642) (40,675)
Loss on debt extinguishment 0 (151) (13) (151)
Gain on involuntary conversion 0 0 2,259 0
Income from continuing operations before income taxes 78,185 192,814 123,338 276,667
Income tax expense (6,616) (63) (7,001) (10,392)
Income from continuing operations 71,569 192,751 116,337 266,275
Discontinued operations:        
Income before gain on sales and income tax 0 31 0 23
Gain on sale of properties 99 2,889 254 3,021
Income from discontinued operations 99 2,920 254 3,044
Net income 71,668 195,671 116,591 269,319
Net income attributable to noncontrolling interests (615) (1,826) (987) (2,511)
Net income attributable to common shareholders $ 71,053 $ 193,845 $ 115,604 $ 266,808
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.20 $ 0.53 $ 0.32 $ 0.74
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0.01 0 0.01
Earnings Per Share, Basic 0.20 0.54 0.32 0.75
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.20 0.53 0.32 0.73
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 0.01 0 0.01
Earnings Per Share, Diluted $ 0.20 $ 0.54 $ 0.32 $ 0.74
Weighted average number of common shares/units outstanding 359,681 357,054 359,412 356,898
Weighted average number of common shares/units and potential dilutive securities 362,926 362,741 362,615 362,551
Comprehensive income:        
Net income $ 71,668 $ 195,671 $ 116,591 $ 269,319
Other comprehensive loss:        
Unrealized losses on interest rate swap contracts (14,699) 0 (24,041) 0
Comprehensive income 56,969 195,671 92,550 269,319
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 213,107 192,093 423,072 385,549
General contractor and service fee revenue 23,919 18,465 78,883 59,566
Revenues, total 237,026 210,558 501,955 445,115
Expenses:        
Rental expenses 17,597 16,377 38,265 36,290
Real estate taxes 32,375 31,196 64,817 62,342
General contractor and other services expenses 23,189 15,253 75,775 55,662
Depreciation and amortization 83,004 75,832 158,996 153,361
Costs and expenses, total 156,165 138,658 337,853 307,655
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 4,143 1,682 8,858 9,969
Gain on sale of properties 30,592 149,962 30,429 194,848
Gain on land sales 1,950 357 2,700 3,306
Other operating expenses (1,518) (1,529) (3,641) (2,798)
Non-incremental costs related to successful leases (3,447) 0 (5,603) 0
General and administrative expenses (13,420) (13,459) (35,403) (34,482)
Other Operating Activities, Net 18,300 137,013 (2,660) 170,843
Operating income 99,161 208,913 161,442 308,303
Other income (expenses):        
Interest and other income, net 2,534 4,727 5,292 9,190
Interest expense (23,510) (20,675) (45,642) (40,675)
Loss on debt extinguishment 0 (151) (13) (151)
Gain on involuntary conversion 0 0 2,259 0
Income from continuing operations before income taxes 78,185 192,814 123,338 276,667
Income tax expense (6,616) (63) (7,001) (10,392)
Income from continuing operations 71,569 192,751 116,337 266,275
Discontinued operations:        
Income before gain on sales and income tax 0 31 0 23
Gain on sale of properties 99 2,889 254 3,021
Income from discontinued operations 99 2,920 254 3,044
Net income 71,668 195,671 116,591 269,319
Net loss (income) attributable to noncontrolling interests 6 (2) 16 (4)
Net income attributable to common shareholders $ 71,674 $ 195,669 $ 116,607 $ 269,315
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.20 $ 0.53 $ 0.32 $ 0.74
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0.01 0 0.01
Earnings Per Share, Basic 0.20 0.54 0.32 0.75
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.20 0.53 0.32 0.73
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 0.01 0 0.01
Earnings Per Share, Diluted $ 0.20 $ 0.54 $ 0.32 $ 0.74
Weighted average number of common shares/units outstanding 362,826 360,447 362,517 360,272
Weighted average number of common shares/units and potential dilutive securities 362,926 362,741 362,615 362,551
Comprehensive income:        
Net income $ 71,668 $ 195,671 $ 116,591 $ 269,319
Other comprehensive loss:        
Unrealized losses on interest rate swap contracts (14,699) 0 (24,041) 0
Comprehensive income $ 56,969 $ 195,671 $ 92,550 $ 269,319