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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental and related revenue $ 275,214 $ 258,179
General contractor and service fee revenue 2,949 31,113
Revenues, total 278,163 289,292
Expenses:    
Rental expenses 25,286 28,130
Real estate taxes 43,928 41,170
General contractor and other services expenses 1,469 29,463
Depreciation and amortization 94,001 93,573
Costs and expenses, total 164,684 192,336
Other operating activities:    
Equity in earnings of unconsolidated joint ventures 3,815 16,268
Gain on sale of properties 210,747 21,360
Gain on land sales 1,092 1,238
Other operating expenses (779) (1,145)
Non-incremental costs related to successful leases (5,512) (2,958)
General and administrative expenses (23,913) (24,217)
Other Operating Activities, Net 185,450 10,546
Operating income 298,929 107,502
Other income (expenses):    
Interest and other income, net 825 463
Interest expense (19,999) (22,507)
Loss on debt extinguishment (21,948) (70)
Income before income taxes 257,807 85,388
Income tax expense (6,330) (5,184)
Net income 251,477 80,204
Net income attributable to noncontrolling interests (2,556) (842)
Net income attributable to common shareholders $ 248,921 $ 79,362
Weighted average number of common shares/units outstanding 382,708 373,667
Weighted average number of common shares/units and potential dilutive securities 387,937 377,744
Basic net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders $ 0.65 $ 0.21
Diluted net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders $ 0.65 $ 0.21
Comprehensive income:    
Net income $ 251,477 $ 80,204
Amortization of interest rate swap contracts 889 889
Comprehensive income 252,366 81,093
Duke Realty Limited Partnership [Member]    
Revenues:    
Rental and related revenue 275,214 258,179
General contractor and service fee revenue 2,949 31,113
Revenues, total 278,163 289,292
Expenses:    
Rental expenses 25,286 28,130
Real estate taxes 43,928 41,170
General contractor and other services expenses 1,469 29,463
Depreciation and amortization 94,001 93,573
Costs and expenses, total 164,684 192,336
Other operating activities:    
Equity in earnings of unconsolidated joint ventures 3,815 16,268
Gain on sale of properties 210,747 21,360
Gain on land sales 1,092 1,238
Other operating expenses (779) (1,145)
Non-incremental costs related to successful leases (5,512) (2,958)
General and administrative expenses (23,913) (24,217)
Other Operating Activities, Net 185,450 10,546
Operating income 298,929 107,502
Other income (expenses):    
Interest and other income, net 825 463
Interest expense (19,999) (22,507)
Loss on debt extinguishment (21,948) (70)
Income before income taxes 257,807 85,388
Income tax expense (6,330) (5,184)
Net income 251,477 80,204
Net income attributable to noncontrolling interests (93) (81)
Net income attributable to common shareholders $ 251,384 $ 80,123
Weighted average number of common shares/units outstanding 386,516 377,242
Weighted average number of common shares/units and potential dilutive securities 387,937 377,744
Basic net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders $ 0.65 $ 0.21
Diluted net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders $ 0.65 $ 0.21
Comprehensive income:    
Net income $ 251,477 $ 80,204
Amortization of interest rate swap contracts 889 889
Comprehensive income $ 252,366 $ 81,093