Duke Realty Corporation Announces 2008 Dividend Tax Characteristics

Strategic Insights -

Duke Realty Corporation, a leading vertically integrated real estate company, has announced the income tax characteristics of its 2008 common and preferred share dividends. For corporate shareholders, the Section 291(a) preference item is 0.7164% of total dividend distributions. The company's focus on real estate ownership, construction, development, leasing, and management has established it as the largest publicly traded office/industrial real estate company in the United States. With a portfolio spanning over 144 million rentable square feet in 20 major U.S. cities, Duke Realty Corporation continues to be a significant player in the industry.

Key Takeaways:

  • The company did not incur any foreign taxes in 2008, ensuring clarity for corporate shareholders in their tax obligations.
  • For purposes of satisfying U.S. federal income tax withholding obligations, Duke Realty Corporation characterizes the unrecaptured Section 1250 gain and long-term capital gain portions of the dividends as capital gain dividends.
  • The company's expertise in real estate ownership, construction, development, leasing, and management has cemented its position as the largest publicly traded, vertically integrated office/industrial real estate company in the United States.
  • Duke Realty Corporation possesses a comprehensive portfolio, spanning over 144 million rentable square feet in 20 major U.S. cities.
  • The company is publicly traded on the NYSE under the symbol DRE and listed on the S&P MidCap 400 Index.
  • Shareholders are encouraged to consult with their personal tax advisors for specific guidance on their tax treatment of the company's dividends.

Statistics:

  • The Section 291(a) preference item for corporate shareholders is 0.7164% of total dividend distributions.
  • The company's portfolio encompasses over 144 million rentable square feet in 20 major U.S. cities.
  • The company's market capitalization solidifies its position as the largest publicly traded office/industrial real estate company in the United States.
  • Duke Realty Corporation's portfolio covers over 20 major U.S. cities.

Sources:

  • Duke Realty Corporation
  • Market Wire
  • Comtex News Network, Inc.