Duke Realty Recognized as Dividend Achiever by Mergent's; Only 3% of U.S. Dividend-Paying Companies Meet the Criteria; Recently Increased Common Stock Dividend Paid Yesterday.

INDIANAPOLIS -- Duke Realty Corporation (NYSE:DRE) announced today that the Company has been recognized by Mergent's Dividend Achievers (TM) for its outstanding 11-year record of consecutive annual dividend increases. Mergent's Dividend Achievers (TM) profiles companies that have increased their regular cash dividends annually for ten or more consecutive years. Currently, only three percent of U.S. dividend-paying companies meet their criteria.

Yesterday, Duke paid a quarterly dividend of $0.465 per share, which is a 1.1 percent increase over the previous amount and an approximately 107 percent increase since its October 1993 public offering. The Company has now paid total dividends of $15.15 per share since its 1993 public offering compared to an initial offering price of $11.88 per share. When also including stock price appreciation and the effects of dividend reinvestment, one share of stock purchased at Duke's 1993 offering is now worth nearly $69.00.

Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States. Offering a complete range of real estate products and services, Duke produces approximately $800 million in annual revenue from more than 4,200 tenants and focuses on building dominant market positions in each of its 13 geographic platforms across the Midwest and the Sunbelt. Duke owns interests in more than 112 million square feet of properties, has over 1,000 employees and owns or controls approximately 3,700 acres of undeveloped land that can support approximately 57 million square feet of future development. Visit Duke on the web at www.dukerealty.com.