SOURCE: Duke Realty Corporation

March 11, 2008 17:30 ET

Duke Realty Corporation Declares Dividend on Series O Preferred Shares

INDIANAPOLIS, IN--(Marketwire - March 11, 2008) - Duke Realty Corporation (NYSE: DRE) today announced that it has declared an initial dividend of $0.226823 per share on its outstanding 8.375% Series O Cumulative Redeemable Preferred Shares (the "Series O Preferred Shares"). The dividend is payable on March 31, 2008, to shareholders of record on March 21, 2008. The Series O Preferred Share dividends will be cumulative from February 22, 2008, the date of original issue, and payable quarterly, beginning on or about March 31, 2008, at the rate of 8.375% of the liquidation preference per annum, or $20.9375 per Series O Preferred Share (equal to $2.09375 per annum per depositary share).

About Duke Realty Corporation

Duke Realty Corporation specializes in the ownership, construction, development, leasing and management of office, industrial, medical office and retail real estate. It is the largest publicly traded, vertically integrated office/industrial real estate company in the United States. The company owns, manages or has under development more than 130 million rentable square feet in 22 major U.S. cities. Duke, which controls approximately 7,700 acres of land for over 113 million square feet of future development, also provides nationwide real estate solutions through its national development division. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is included in the S&P MidCap 400 Index.

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