Duke Realty LP announced unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported operating income of $27,340,000 against $69,474,000 a year ago. Loss from continuing operations was $27,798,000 against income from continuing operations of $17,727,000 a year ago. Net income attributable to common shareholders was $44,965,000, or $0.17 per basic and diluted loss per share against net income attributable to common shareholders of $9,552,000, or $0.01 per basic and diluted share a year ago. Loss from continuing operations before income taxes were $27,798,000 against income from continuing operations before income taxes of $17,727,000 a year ago. Revenues were $305,642,000 as compared to $280,812,000 for the same period prior year. Core FFO per share for the fourth quarter was $0.30 compared with $0.28 for the fourth quarter of 2010. The improved result is primarily attributable to an increase in property and service operations income in the fourth quarter of 2011 over 2010. Funds from Operations per diluted share was $0.24. For the year, the company reported operating income of $219,352,000 against $186,664,000 a year ago. Loss from continuing operations was $4,037,000 against income from continuing operations of $38,701,000 a year ago. Net income attributable to common shareholders was $31,416,000, or $0.11 per basic and diluted share against net loss attributable to common shareholders of $14,108,000, or $0.07 per diluted share a year ago. Loss from continuing operations before income taxes were $4,231,000 against income from continuing operations before income taxes of $37,575,000 a year ago. Core FFO per share for the year ended 2011 was $1.15, equal to the prior year. Funds from Operations per diluted share was $1.07. For the fourth quarter of 2011, the company reported Impairment charges of $12,931,000. The company also provided earnings guidance for the year of 2012. For the period, the company expects $0.94 to $1.06 per share. The company also declared quarterly cash dividend on the company's common stock of $0.17 per share, or $0.68 per share on an annualized basis. The fourth quarter dividend will be payable on February 29, 2012, to shareholders of record as of February 15, 2012.

Duke Realty LP reported unaudited consolidated earning results for the nine months ended September 30, 2011. For the period, on pro-forma basis, the company reported revenue $977.93 million against $922.37 million a year ago. Operating income was $195.83 million against $126.63 million a year ago. Loss from continuing operations before income taxes was $1.42 million against $5.12 million a year ago. Loss from continuing operations was $1.23 million against $4.00 million a year ago. Net loss attributable to common unit holders was $51.21 million or $0.21 diluted per common share against $67.65 million or $0.29 diluted per common share a year ago. On historical basis, the company reported revenue $1,056.880 million against $1,393.603 million a year ago. Operating income was $144.994 million against $227.728 million a year ago. Loss from continuing operations before income taxes was $11.641 million income from continuing operations before income taxes of against $28.350 million a year ago. Loss from continuing operations was $12.767 million against income from continuing operations of $29.476 million a year ago. Net loss attributable to common unit holders was $50.887 million or $0.22 diluted per common share against $50.245 million or $0.22 diluted per common share a year ago.

Duke Realty LP as borrower, Duke Realty Corporation as general partner and guarantor and the several banks, financial institutions and other entities from time to time parties thereto as lenders entered into a seventh amended and restated revolving credit agreement pursuant to which the lenders there under agreed to extend the term of the operating partnership's existing unsecured revolving credit facility until December 1, 2015, and to raise the total possible aggregate commitment under the credit facility to $1.25 billion. Pursuant to the terms of the credit agreement, the credit facility remains in the amount of $850 million, but the operating partnership now has the right to increase the revolving commitments to an aggregate amount of up to $1.25 billion, assuming that the lenders are willing to provide the requested increase. In addition, under the credit agreement, the credit facility now bears interest at a rate equal to 125 basis points over the applicable LIBOR rate based on the operating partnership's current credit ratings, plus a facility fee of 25 basis points.