Duke Realty Corporation (NYSE: DRE) Announces the Income Tax Characteristics of Its 2010 Common and Preferred Share Dividends


INDIANAPOLIS, IN--(Marketwire - January 21, 2011) - Duke Realty Corporation (NYSE: DRE) announced the income tax characteristics of its 2010 common and preferred share dividends. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Duke Realty Corporation's dividends. 

Common Share Dividends:
Ticker Symbol DRE, CUSIP # 264411505

Payment Date Total 2010 Distribution Per Share Total Ordinary Dividends Qualified Dividends (1) Total Capital Gain Distribution Unrecaptured Section 1250 Gain (2) Nondividend Distributions
Form 1099-DIV Box Number   1a 1b 2a 2b 3
2/26/10 .170000 .042289 .002998 .031944 .031944 .095767
5/31/10 .170000 .042289 .002998 .031944 .031944 .095767
8/31/10 .170000 .042289 .002998 .031944 .031944 .095767
11/30/10 .170000 .042289 .002998 .031944 .031944 .095767
2010 Totals .680000 .169156 .011992 .127776 .127776 .383068
Percentage 100.0000% 24.8759%   18.7906%   56.3335%

(1) Qualified Dividends are a subset of, and are included in, the Total Ordinary Dividends amount reported in box 1a of Form 1099-DIV.
(2) Unrecaptured Sec. 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount reported in box 2a of Form 1099-DIV.

Preferred Share Dividends:

Security Ticker Symbol CUSIP # Total 2010 Distribution Per Share Total Ordinary Dividends (1) Qualified Dividends Total Capital Gain Distribution Unrecaptured Section 1250 Gain (2)
Form 1099-DIV Box Number       1a 1b 2a 2b
Preferred Series J DREPRJ 264411778 $1.656252 100.0000%  .943528
 56.9676%
.066880 .712724
43.0324%
.712724
Preferred Series K DREPRK 264411760 $1.625000 100.0000%  .925724
56.9676%
.065616 .699276
43.0324%
.699276
Preferred Series L DREPRL 264411745 $1.650000 100.0000%  .939964
 56.9676%
.066628 .710036
43.0324%
.710036
Preferred Series M DREPRM 264411729 $1.737500 100.0000%  .989812
56.9676%
.070160 .747688
43.0324%
.747688
Preferred Series N DREPRN 264411695 $1.812500 100.0000% 1.032536
 56.9676%
.073188 .779964
43.0324%
.779964
Preferred Series O DREPRO 264411679 $2.093752 100.000% 1.192760
56.9676%
.084544 .900992
43.0324%
.900992

(1) Qualified Dividends are a subset of, and are included in, the Total Ordinary Dividends amount reported in box 1a of Form 1099-DIV.
(2) Unrecaptured Sec. 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount reported in box 2a of Form 1099-DIV.

The company did not incur any foreign taxes in 2010. For purposes of satisfying U.S. federal income tax withholding obligations under Section 1.1445-8 of the federal income tax regulations with respect to payments to foreign shareholders, Duke Realty Corporation characterizes the unrecaptured Section 1250 gain and long-term capital gain portions of the dividends described above as capital gain dividends.

About Duke Realty

Duke Realty owns and operates more than 139 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.

Contact Information:

Investor Relations Contacts:
Randy A. Henry
(317) 808-6060

Tax Contact:
Tracy D. Swearingen
(317) 808-6133