Duke Realty Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $277.443 million against $272.167 million a year ago. Operating income was $65.188 million against $114.436 million a year ago. Income from continuing operations before income taxes was $8.914 million against $47.880 million a year ago. Income from continuing operations was $12.353 million against $48.460 million a year ago. Net loss attributable to common shareholders was $3.011 million or $0.01 per diluted common share against net income attributable to common shareholders of $69.574 million or $0.21 per diluted common share a year ago. Core funds from operations per diluted share were $0.30 compared to $0.29 per share a year ago. Funds from operations per diluted share, as defined by the National Association of Real Estate Investment Trusts were $0.20 for the quarter. Adjusted funds from operations were $0.21 per diluted share for the quarter. Funds from operations were $71.333 million compared to $94.081 million a year ago. Core funds from operations were $104.773 million compared to $97.278 million a year ago. Adjusted funds from operations were $73.121 million compared to $69.490 million a year ago.

For the full year, the company reported revenues of $1,164.704 million against $1,080.013 million a year ago. Operating income was $444.874 million against $295.283 million a year ago. Income from continuing operations before income taxes was $225.125 million against $56.320 million a year ago. Income from continuing operations was $225.969 million against $61.400 million a year ago. Net income attributable to common shareholders was $204.893 million or $0.60 per diluted common share against $153.044 million or $0.47 per diluted common share a year ago. Core funds from operations per diluted share were $1.18 compared $1.10 a year ago. Funds from operations per diluted share, as defined by the National Association of Real Estate Investment Trusts were $1.07 for the year. Adjusted funds from operations were $0.0.96 per diluted share for the year. Funds from operations were $367.768 million compared to $351.780 million a year ago. Core funds from operations were $406.161 million compared to $363.827 million a year ago. Adjusted funds from operations were $330.019 million compared to $296.447 million a year ago. Capex was $15 million.

The company provided earnings guidance for the year 2015. For the period, the company's guidance for Core FFO of $1.12 to $1.20 per share and AFFO of $0.96 to $1.04 per share. For the year 2015, the company expects capex to be a bit higher than that of year 2014 run rate.

The company reported impairment charges for the fourth quarter ended December 31, 2014. For the period, the company reported impairment charges of $40.215 million.