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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental and related revenue $ 215,374 $ 196,912 $ 638,446 $ 582,461
General contractor and service fee revenue 25,955 34,986 104,838 94,552
Revenues, total 241,329 231,898 743,284 677,013
Expenses:        
Rental expenses 19,158 17,268 57,423 53,558
Real estate taxes 31,739 31,515 96,556 93,857
General contractor and other services expenses 23,640 33,730 99,415 89,392
Depreciation and amortization 83,924 78,855 242,920 232,216
Costs and expenses, total 158,461 161,368 496,314 469,023
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 3,736 5,552 12,594 15,521
Gain on sale of properties 173,646 (107) 204,075 194,741
Gain on land sales 3,869 3,915 6,569 7,221
Other operating expenses (874) (1,104) (4,515) (3,902)
Non-incremental costs related to successful leases (1,123) 0 (6,726) 0
General and administrative expenses (13,720) (8,959) (49,123) (43,441)
Other Operating Activities, Net 165,534 (703) 162,874 170,140
Operating income 248,402 69,827 409,844 378,130
Other income (expenses):        
Interest and other income, net 2,085 4,129 7,377 13,319
Interest expense (22,604) (21,462) (68,246) (62,137)
Loss on debt extinguishment 0 (89) (13) (240)
Gain on involuntary conversion 0 0 2,259 0
Income from continuing operations before income taxes 227,883 52,405 351,221 329,072
Income tax benefit (expense) 536 897 (6,465) (9,495)
Income from continuing operations 228,419 53,302 344,756 319,577
Discontinued operations:        
Income before gain on sales and income tax 0 85 0 108
Gain on sale of properties 112 136 366 3,157
Income from discontinued operations 112 221 366 3,265
Net income 228,531 53,523 345,122 322,842
Net income attributable to noncontrolling interests (1,965) (498) (2,952) (3,009)
Net income attributable to common shareholders $ 226,566 $ 53,025 $ 342,170 $ 319,833
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.62 $ 0.15 $ 0.95 $ 0.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0 0 0.01
Earnings Per Share, Basic 0.62 0.15 0.95 0.89
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.62 0.15 0.94 0.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 0 0 0.01
Earnings Per Share, Diluted $ 0.62 $ 0.15 $ 0.94 $ 0.89
Weighted average number of common shares/units outstanding 362,416 357,898 360,424 357,235
Weighted average number of common shares/units and potential dilutive securities 367,271 361,410 365,343 362,745
Comprehensive income:        
Net income $ 228,531 $ 53,523 $ 345,122 $ 322,842
Other comprehensive loss:        
Unrealized losses on interest rate swap contracts (13,387) 0 (37,428) 0
Comprehensive income 215,144 53,523 307,694 322,842
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 215,374 196,912 638,446 582,461
General contractor and service fee revenue 25,955 34,986 104,838 94,552
Revenues, total 241,329 231,898 743,284 677,013
Expenses:        
Rental expenses 19,158 17,268 57,423 53,558
Real estate taxes 31,739 31,515 96,556 93,857
General contractor and other services expenses 23,640 33,730 99,415 89,392
Depreciation and amortization 83,924 78,855 242,920 232,216
Costs and expenses, total 158,461 161,368 496,314 469,023
Other operating activities:        
Equity in earnings of unconsolidated joint ventures 3,736 5,552 12,594 15,521
Gain on sale of properties 173,646 (107) 204,075 194,741
Gain on land sales 3,869 3,915 6,569 7,221
Other operating expenses (874) (1,104) (4,515) (3,902)
Non-incremental costs related to successful leases (1,123) 0 (6,726) 0
General and administrative expenses (13,720) (8,959) (49,123) (43,441)
Other Operating Activities, Net 165,534 (703) 162,874 170,140
Operating income 248,402 69,827 409,844 378,130
Other income (expenses):        
Interest and other income, net 2,085 4,129 7,377 13,319
Interest expense (22,604) (21,462) (68,246) (62,137)
Loss on debt extinguishment 0 (89) (13) (240)
Gain on involuntary conversion 0 0 2,259 0
Income from continuing operations before income taxes 227,883 52,405 351,221 329,072
Income tax benefit (expense) 536 897 (6,465) (9,495)
Income from continuing operations 228,419 53,302 344,756 319,577
Discontinued operations:        
Income before gain on sales and income tax 0 85 0 108
Gain on sale of properties 112 136 366 3,157
Income from discontinued operations 112 221 366 3,265
Net income 228,531 53,523 345,122 322,842
Net loss (income) attributable to noncontrolling interests 3 (3) 19 (7)
Net income attributable to common shareholders $ 228,534 $ 53,520 $ 345,141 $ 322,835
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.62 $ 0.15 $ 0.95 $ 0.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0 0 0.01
Earnings Per Share, Basic 0.62 0.15 0.95 0.89
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.62 0.15 0.94 0.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 0 0 0.01
Earnings Per Share, Diluted $ 0.62 $ 0.15 $ 0.94 $ 0.89
Weighted average number of common shares/units outstanding 365,558 361,200 363,542 360,585
Weighted average number of common shares/units and potential dilutive securities 367,271 361,410 365,343 362,745
Comprehensive income:        
Net income $ 228,531 $ 53,523 $ 345,122 $ 322,842
Other comprehensive loss:        
Unrealized losses on interest rate swap contracts (13,387) 0 (37,428) 0
Comprehensive income $ 215,144 $ 53,523 $ 307,694 $ 322,842