SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of Report (Date of earliest event reported):  November 12, 2004

 

 

DUKE REALTY CORPORATION

(Exact name of registrant as specified in its charter)

 

 

600 East 96th Street

Suite 100

Indianapolis, IN 46240

(Address of principal executive offices, zip code)

 

 

Registrant’s telephone number, including area code: (317) 808-6000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Section 8 — Other Events

 

Item 8.01.              Other Events

 

                As previously reported, in October 2001, FASB issued SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, which became effective on January 1, 2002.  SFAS No. 144 requires us to report in discontinued operations the results of operations of a property that has either been disposed of for is classified as held for sale, unless certain conditions are met.  SFAS No. 144 further requires us to reclassify results of operations from a property disposed or held for sale as income from discontinued operations during all reported periods. The purpose of this Current Report on Form 8-K is to set forth audited consolidated statements of operations of Duke Realty Corporation for the years ended December 31, 2003, 2002, and 2001, including a revised note thereto, which reflect the impact of reclassifying results of operations from properties identified as held for sale subsequent to December 31, 2003 in accordance with SFAS No. 144.

 

                During the nine-month period ended September 30, 2004, we sold or held for sale thirty-six properties owned by us and not classified as assets held for sale as of December 31, 2003.  The results of operations from such properties have been reclassified as income from discontinued operations for the years ended December 31, 2003, 2002, and 2001 in the accompanying consolidated statements of operations.  There is no effect on the previously reported net income available for common shareholders.

 

                Management does not believe that this reclassification in accordance with SFAS No. 144 has a material effect on our selected consolidated financial data or management’s discussion and analysis of financial condition and results of operations for the years ended December 31, 2003, 2002, and 2001 as previously reported in our 2003 Annual Report on Form 10-K.

 

Section 9 — Financial Statements and Exhibits

 

Item 9.01.              Financial Statements and Exhibits

 

                (c)           Exhibits

 

Exhibit
Number		Description
12		Statement re: Calculation of Ratios of Earnings to Combined Fixed Charges and Preferred Stock Dividends
23		Consent of KPMG LLP
99.1		Report of Independent Registered Public Accounting Firm
99.2		Consolidated Statements of Operations, Years Ended December 31, 2003, 2002, and 2001

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

DUKE REALTY CORPORATION

 

 

By:		/s/ Matthew A. Cohoat
		Matthew A. Cohoat
		Executive Vice President and Chief Financial
		Officer

Dated:  November 12, 2004