Duke Realty Reports Q4 EPS of $.04 vs. $.27

Duke Realty Corporation DRE today reported results for the fourth quarter and full year 2010. Net income per diluted share (EPS) for fourth quarter 2010 was $0.04 as compared to a loss of $0.02 for the same quarter in 2009. Fourth quarter 2010 EPS was positively impacted by increased gains on sales of assets. EPS for the year was a loss of $0.07 compared to a loss of $1.67 in 2009. The loss in 2009 was primarily attributable to $302.6million of non-cash impairment charges recognized in 2009. EPS in 2010also benefited from $72.7 million of gains on the sale of properties and $55.8 million of gain on acquisition of a joint venture partner's interest.