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1、DukeRealtyCorporationAnnualReport,2008corporateprofileacleardirectionDukeRealtyCorporationspecializesintheWhileturbulenceanduncertaintymarktheownership,managementanddevelopmentnation’sfinancialmarkets,ourcommitmenttoofindustrial,officeandhealthcarerealestate.
2、shareholdersandcustomersremainssteadfast.Ourtotalportfolioincludesmorethan135millionInanticipationoflate-2008’seconomicdownturn,rentablesquarefeetin20majorU.S.cities.wetookstepsbeginninginlate2007toprotectHeadquarteredinIndianapolis,Dukeemploysandproactivelym
3、anageourexistingassets,morethan1,000associates.DukeRealtyandconserveandgeneratenewcapital.CorporationispubliclytradedontheNewYorkWehaveright-sizedourbusinessfortheStockExchangeunderthesymbolDREandcurrentoperatingenvironment,andstandisamemberoftheS&PMidCap400I
4、ndex.todaypreparedforastrongfuture.“Duke’slong-termstrategyasafullyintegratednationalowner,manageranddeveloperofindustrial,officeandhealthcarepropertiesremainssound.”–DennisD.Oklakchairmanandchiefexecutiveofficer>>>>>>Park840,Bldg10–Nashville,TNWestonPointeIV
5、–St.VincentMedicalCenterWeston(FortLauderdale),FLNortheast–Indianapolis,INDennyOklaktoourshareholdersChairman&CEO>>Wearepleasedtoreportthatdespiteachallengingeconomicenvironment,DukeRealtyCorporation’s2008performancewassolid.Fundsfromoperations(FFO)persharewa
6、s$2.55,comparedwith$2.74in2007,whentheeconomywasmuchstronger.Thankstotheeffortsofourlocalleasingteams,2008wasanexcellentyearforleasingactivity.Weleasedatotalof27millionsquarefeet,oursecondhighestyearever.Asaresult,occupancyremainedstrong:Our703stabilized,in-s
7、ervicepropertiescomprising119millionsquarefeetwere92.4%leasedatyear-end2008,comparedwith95.0%oneyearearlier.Overallportfoliooccupancyincreasedatyear-endto88.9%from87.1%attheendof2007.Same-storenetoperatingincomegrew3.0%over2007.saleofpropertiesandland,through
8、preferredstockandSignificantly,92%ofDuke’sFFOinboth2008and2007unsecureddebtofferings,andthroughtheformationofcamefromcorerentaloperations.Thisisanimportantjointventures.ratiobecauseitrefl