SEC Info - Duke Realty Corp - ‘11-K’ for 12/31/94

SEC Info℠

Home

Help

Please Sign In

Duke Realty Corp – ‘11-K’ for 12/31/94

As of: Thursday, 6/29/95 · For: 12/31/94 · Accession #: 912057-95-5044 · File #: 1-09044

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/29/95  Duke Realty Corp                  11-K       12/31/94    2:26K                                    Merrill Corp/FA

Annual Report of an Employee Stock Purchase, Savings or Similar Plan — Form 11-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 11-K        Annual Report of an Employee Stock Purchase,          14     55K 
                          Savings or Similar Plan                                
 2: EX-1        Underwriting Agreement                                 1      5K

11-K — Annual Report of an Employee Stock Purchase, Savings or Similar Plan
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Schedule of Assets Held for Investment Purposes Schedule of Reportable Transactions
1	1st Page - Filing Submission
12	Item 27a -. Schedule of Assets Held for Investment Purposes
13	Item 27d-. Schedule of Reportable Transactions

11-K 1st Page of 14 TOC ↑Top Previous Next ↓Bottom Just 1st
 
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 28, 1995           
------------------------------------------------------------------------------- 
------------------------------------------------------------------------------- 

SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  

FORM 11-K   

ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE    
SECURITIES EXCHANGE ACT OF 1934   

(Mark One)                                                                      

[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF   
1934 [FEE REQUIRED]                                                             

For the fiscal year ended December 31, 1994                                     

OR  

[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT  
OF 1934 [NO FEE REQUIRED]                                                       

For the transition period from ________________to________________               

Commission file number: 1-9044                                                  

   A.  Full title of the plan and the address of the plan, if different from
that of the issuer named below:                                                 

DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN   

B.  Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:                                      

DUKE REALTY INVESTMENTS, INC.   
8888 KEYSTONE CROSSING, SUITE 1200  
INDIANAPOLIS, INDIANA 46240   

11-K 2nd Page of 14 TOC 1st Previous Next ↓Bottom Just 2nd
DUKE REALTY PROFIT SHARING
AND SALARY DEFERRAL PLAN

 Financial Statements with
Supplemental Schedules

December 31, 1994 and 1993

 (With Independent Auditors' Report Thereon)

11-K 3rd Page of 14 TOC 1st Previous Next ↓Bottom Just 3rd
FINANCIAL STATEMENTS:                                                           

DUKE REALTY PROFIT SHARING
AND SALARY DEFERRAL PLAN

December 31, 1994 and 1993

 Index

                                                                  Page
                                                                  ----
Independent Auditors' Report                                            1       

Financial Statements:                                                           

Statements of Net Assets Available for Plan Benefits                 2    

Statements of Changes in Net Assets Available for Plan Benefits      3    

Notes to Financial Statements                                      4-8    

                                                                Schedule
                                                                --------

Schedule of Assets Held for Investments Purposes                        1       

Schedule of Reportable Transactions                                     2       

                                                                 Exhibit
                                                                 -------
EXHIBITS:                                                                       

Consent of KPMG Peat Marwick LLP                                      1     

11-K 4th Page of 14 TOC 1st Previous Next ↓Bottom Just 4th
[KPMG PEAT MARWICK LLP LETTERHEAD]                                              

INDEPENDENT AUDITORS' REPORT                                                    

The Employee Benefits Committee                                                 
DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN:                            

We have audited the accompanying statements of net assets available for plan    
benefits of Duke Realty Profit Sharing and Salary Deferral Plan as of December  
31, 1994 and 1993, and the related statements of changes in net assets available
for plan benefits for the years then ended. These financial statements are the  
responsibility of the Plan's management. Our responsibility is to express an    
opinion on these financial statements based on our audits.                      

We conducted our audits in accordance with generally accepted auditing          
standards. Those standards require that we plan and perform the audit to obtain 
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting 
the amounts and disclosures in the financial statements. An audit also includes 
assessing the accounting principles used and significant estimates made by      
management, as well as evaluating the overall financial statement presentation. 
We believe that our audits provide a reasonable basis for our opinion.          

In our opinion, the financial statements referred to above present fairly, in   
all material respects, the net assets available for plan benefits of Duke Realty
Profit Sharing and Salary Deferral Plan as of December 31, 1994 and 1993, and   
the changes in net assets available for plan benefits for the years then ended, 
in conformity with generally accepted accounting principles.                    

Our audits were made for the purpose of forming an opinion on the basic         
financial statements taken as a whole. The supplemental schedules of assets held
for investment purposes and reportable transactions are presented for the       
purpose of additional analysis and are not a required part of the basic         
financial statements but are supplementary information required by the          
Department of Labor's Rules and Regulations for Reporting and Disclosure under  
the Employee Retirement Income Security Act of 1974. The supplemental schedules 
have been subjected to the auditing procedures applied in the audits of the     
basic financial statements and, in our opinion, are fairly stated in all        
material respects in relation to the basic financial statements taken as a      
whole.                                                                          

KPMG Peat Marwick LLP                                                           
Indianapolis, Indiana                                                           
June 20, 1995                                                                   

 -1-

11-K 5th Page of 14 TOC 1st Previous Next ↓Bottom Just 5th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

Statements of Net Assets Available for Plan Benefits

December 31, 1994 and 1993

                                                                [Download Table]

                                                         1994             1993  
                                                         ----             ----  

                                                                                
Assets held by Trustee:                                                         
 Investments, at market value:                                                  
  Money market funds                                   $1,411,464     $1,494,496
  Mutual funds                                          3,837,336      3,781,164
  Common stock                                          1,318,356        779,287
  Insurance cash surrender value                           77,064         72,412

 Cash held for investment                                 208,949           -   

Contributions receivable:                                                       
   Participants                                            63,421           -   
   Employer                                               224,184        210,693
                                                       ----------     ----------

   NET ASSETS AVAILABLE FOR PLAN BENEFITS              $7,140,774     $6,338,052
                                                       ----------     ----------
                                                       ----------     ----------


See accompanying notes to financial statements.                                 

 -2-

11-K 6th Page of 14 TOC 1st Previous Next ↓Bottom Just 6th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Statements of Changes in Net Assets Available for Plan Benefits
Years Ended December 31, 1994 and 1993

                                                                [Download Table]


                                                   1994            1993  
                                                   ----            ----  
                                                                         
Additions to net assets:                                                 
  Contributions:                                                         
    Participants' salary deferral                $618,162        $519,588
    Employer matching of salary deferral          223,892         204,816
    Employer profit sharing                       120,000         801,625
    Participants' rollover                         57,723          33,371
                                               ----------      ----------
                                                1,019,777       1,559,400
                                               ----------      ----------

  Investment income:                                                     
    Net appreciation in fair value of                                    
     investments                                   97,796         302,395
    Interest and dividends                        254,520          10,047
    Increase in insurance cash surrender value     20,916          21,697
                                               ----------      ----------
                                                  373,232         334,139
                                               ----------      ----------
    Total additions                             1,393,009       1,893,539
                                               ----------      ----------

Deductions from net assets:                                              
  Benefits paid to participants                   556,615         528,835
  Life insurance premium payments                  24,377          26,571
  Administrative expenses                           9,295           7,359
                                               ----------      ----------
    Total deductions                              590,287         562,765
                                               ----------      ----------

    Net increase                                  802,722       1,330,774

Net assets available for plan benefits:                                  
       Beginning of year                        6,338,052       5,007,278
                                               ----------      ----------

       End of year                             $7,140,774      $6,338,052
                                               ----------      ----------
                                               ----------      ----------


See accompanying notes to financial statements.                                 

 -3-

11-K 7th Page of 14 TOC 1st Previous Next ↓Bottom Just 7th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Notes to Financial Statements

(1)    DESCRIPTION OF PLAN                                                      

    The following description of the Duke Realty Profit Sharing and Salary
      Deferral Plan (the Plan) provides only general information. Participants
       should refer to the Plan agreement for a more complete description of the
Plan's provisions.                                                

GENERAL                                                           

      The Plan is a defined contribution plan sponsored by Duke Realty Service
       Limited Partnership and predecessor companies (the Employer) covering all
     full-time employees who have completed one-half year of service and are
      age 21 years or older as defined by the Plan. The Plan is subject to the
provisions of the Employee Retirement Income Security Act of 1974 
(ERISA).                                                          

CONTRIBUTIONS                                                     

      Eligible participants may elect to defer a percentage of compensation to
       be contributed to their Employee Deferral Account. Each year the Employee
      Benefits Committee (the Committee) fixes the minimum and maximum percent
that may be contributed, not to exceed 15% of the participants'   
       compensation, from the Employer for each plan year subject to limitations
       imposed by the Internal Revenue Service. The Employer matches participant
    contributions annually up to a maximum of the greater of $500 or 2% of
      total compensation. The Employer matching contribution is limited to the
   participant's first $150,000 of compensation, and the contribution is
       invested in the common stock of Duke Realty Investments, Inc., the parent
of the general partner of the Employer.                           

    The Employer may also make discretionary contributions of a portion of
       its profits to the Plan to be invested in the common stock of Duke Realty
       Investments, Inc. The Employer made a special contribution of $681,625 in
  1993 and a profit sharing contribution of $120,000 in 1994 and 1993.

PARTICIPANTS ACCOUNTS                                             

Each participant's account is credited with the participant's     
  contribution, the Employer matching contribution, allocations of the
      Employer's profit sharing contribution (when applicable), Plan earnings,
      and forfeitures of terminated participants' non-vested accounts upon the
  distribution of the vested portion of their accounts. The benefit to
      which a participant is entitled is the benefit that can be provided from
the participant's account.                                        

                                      -4-                              Continued

11-K 8th Page of 14 TOC 1st Previous Next ↓Bottom Just 8th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Notes to Financial Statements

LIFE INSURANCE                                                    

  A participant may direct the Trustee to purchase and pay premiums on
insurance policies or contracts on the life of the participant.   

VESTING                                                           

Participants are immediately vested in elective salary reduction  
    contributions, Employer matching contributions and the actual earnings
     thereon. Vesting in both the profit sharing contribution and forfeiture
       allocation and the earnings thereon is based upon the years of service of
the participant. A year of service means a plan year in which the 
  participant completes at least 1,000 hours of service. A participant
     becomes 20% vested after three years of service and vests an additional
    20% for each year of service thereafter and is 100% vested after seven
years of service.                                                 

BENEFITS                                                          

      When a distribution is made upon termination of service or retirement, a
    participant's vested account balance will be distributed in a lump-sum
    payment within 60 days after completion of the Plan valuation date for
     the period in which the event giving rise to the distribution occurred.

FORFEITURES                                                       

   Participants who terminate employment and receive distribution of the
   vested portion of their profit sharing account forfeit any non-vested
portion of their account. These forfeitures are allocated to other
  participants in the same manner as the profit sharing contributions.

(2)    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                               

ADMINISTRATIVE EXPENSES                                           

       Trustee fees are paid by the Plan as incurred. Other expenses of the Plan
are paid directly by the Employer.                                

TAX STATUS                                                        

      The Plan has received a favorable determination letter from the Internal
 Revenue Service that the Plan qualifies under Section 401(a) of the
     Internal Revenue Code and is exempt from federal income taxes under the
provision of Section 501(a).                                      

                                      -5-                              Continued

11-K 9th Page of 14 TOC 1st Previous Next ↓Bottom Just 9th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Notes to Financial Statements

As a general rule, participant salary reduction contributions and 
       employer contributions are not taxable to a participant until distributed
from the Plan.                                                    

(3)    PLAN TERMINATION                                                         

     Although it has not expressed any intent to do so, the Employer has the
      right under the Plan to discontinue its contributions at any time and to
    terminate the Plan subject to the provisions of ERISA. In the event of
       Plan termination, participants will become 100% vested in their accounts.

(4)    INVESTMENTS                                                              

       In October 1994 the Employer transferred plan assets held by Northwestern
       Mutual Life Insurance to Merrill Lynch. The Employee Benefit Committee of
     Duke Realty Services Limited Partnership served as trustee during 1994,
       and on January 1, 1995 Merrill Lynch Trust Company was established as the
      new trustee. Plan participants may direct salary deferrals in any of the
following investments.                                            

    The Capital Fund, Inc. Class B Shares, Stock fund, Growth Fund Class B
      Shares and Retirement Preservation Trust are held and managed by Merrill
      Lynch pursuant to a management contract with the Plan. The Capital Fund,
   Inc. Class B Shares invests primarily in common stocks and bonds. The
   Stock fund invests solely in common stock of Duke Realty Investments,
    Inc. The Growth Fund Class B Shares invests primarily in common stocks
and the Retirement Preservation Trust consists of money market    
investments.                                                      

    The Bond Fund of America and the Euro Pacific Growth Fund are held and
      managed by the American Funds Group. The Bond Fund of America invests in
       corporate and governmental bonds and the Euro Pacific Growth Fund invests
in U.S. and non-U.S. stocks.                                      

       The AIM Constellation Fund is held and managed by the AIM Family of Funds
and invests in common stocks of small to medium size companies.   

   Share of registered investment companies and Duke Realty Investments,
Inc. stock are valued at quoted market prices.                    

(5)    CASH HELD FOR INVESTMENT                                                 

     Cash held for investment primarily represents contributions received by
   Merrill Lynch, but not yet invested in the respective funds. The cash
       held for investment is maintained in an interest bearing account until it
is transferred into the appropriate directed fund.                

                                      -6-                              Continued

11-K 10th Page of 14 TOC 1st Previous Next ↓Bottom Just 10th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Notes to Financial Statements

(6)  NET ASSETS BY FUND                                                         

Net assets of the Plan by fund as of December 31, 1994 follows:       

                                                        [Enlarge/Download Table]


                                                               Single         AIM       Capital Fund,       Growth      The Bond    
                                                Balanced       Premium   Constellation   Inc. Class       Fund Class     Fund of    
                                                  Fund         Annuity       Fund         B Shares         B Shares      America    
                                           -----------------------------------------------------------------------------------------
                                                                                                                                    
Investments held by Trustee                                                                                                         
     Money market funds                   $           -              -            -              -                -            -    
     Mutual funds                                     -              -         22,622      3,748,834           29,617        4,568  
     Common stock                                     -              -            -              -                -            -    
     Insurance cash surrender value                   -              -            -              -                -            -    
     Cash held for investment                         -              -         12,174        162,422            9,095        1,651  

                                           -----------------------------------------------------------------------------------------
                                                      -              -         34,796      3,911,256           38,712        6,219  
Contributions receivable                              -              -         13,616          7,835           12,077        2,005  
                                           -----------------------------------------------------------------------------------------

   NET ASSETS AVAILABLE FOR PLAN BENEFITS $           -              -         48,412      3,919,091           50,789        8,224  
                                           -----------------------------------------------------------------------------------------
                                           -----------------------------------------------------------------------------------------

                                            Euro Pacific                   Insurance         Money     Retirement                   
                                               Growth          Stock    Cash Surrender      Market    Preservation                  
                                                Fund           fund          Value           Fund         Trust           Total     
                                           -----------------------------------------------------------------------------------------
                                                                                                                                    
Investments held by Trustee                                                                                                         
     Money market funds                   $         -              -              -              -      1,411,464        1,411,464  
     Mutual funds                                31,695            -              -              -            -          3,837,336  
     Common stock                                   -        1,318,356            -              -            -          1,318,356  
     Insurance cash surrender value                 -              -           77,064            -            -             77,064  
     Cash held for investment                    18,464          5,143            -              -            -            208,949  
                                           -----------------------------------------------------------------------------------------
                                                 50,159      1,323,499         77,064            -      1,411,464        6,853,169  
  Contributions receivable                       16,838        230,283            -              -          4,951          287,605  
                                           -----------------------------------------------------------------------------------------

   NET ASSETS AVAILABLE FOR PLAN BENEFITS $      66,997      1,553,782         77,064            -      1,416,415        7,140,774  
                                           -----------------------------------------------------------------------------------------
                                           -----------------------------------------------------------------------------------------

Net assets of the Plan by fund as of December 31, 1993 follows:       

                                                        [Enlarge/Download Table]

                                                             Single             AIM       Capital Fund,       Growth      The Bond  
                                              Balanced       Premium       Constellation   Inc. Class       Fund Class     Fund of  
                                                Fund         Annuity           Fund         B Shares         B Shares      America  
                                           -----------------------------------------------------------------------------------------
                                                                                                                                    
Investments held by Trustee                                                                                                         
     Money market funds                   $         -              -                -              -                -            -  
     Mutual funds                             3,764,518         16,646              -              -                -            -  
     Common stock                                   -              -                -              -                -            -  
     Insurance cash surrender value                 -              -                -              -                -            -  
     Cash held for investment                       -              -                -              -                -            -  
                                           -----------------------------------------------------------------------------------------
                                              3,764,518         16,646              -              -                -            -  
Contributions receivable                         64,924            -                -              -                -            -  
                                           -----------------------------------------------------------------------------------------
   NET ASSETS AVAILABLE FOR PLAN BENEFITS $   3,829,442         16,646              -              -                -            -  
                                           -----------------------------------------------------------------------------------------
                                           -----------------------------------------------------------------------------------------

                                              Euro Pacific                 Insurance       Money       Retirement                   
                                                 Growth        Stock    Cash Surrender    Market      Preservation                  
                                                  Fund         fund          Value         Fund           Trust           Total     
                                           -----------------------------------------------------------------------------------------
                                                                                                                                    
Investments held by Trustee                                                                                                         
     Money market funds                   $           -            -              -      1,494,496              -        1,494,496  
     Mutual funds                                     -            -              -            -                -        3,781,164  
     Common stock                                     -        779,287            -            -                -          779,287  
     Insurance cash surrender value                   -            -           72,412          -                -           72,412  
     Cash held for investment                         -            -              -            -                -              -    
                                           -----------------------------------------------------------------------------------------

                                                      -        779,287         72,412    1,494,496              -        6,127,359  
Contributions receivable                              -        120,000            -         25,769              -          210,693  
                                           -----------------------------------------------------------------------------------------
   NET ASSETS AVAILABLE FOR PLAN BENEFITS $           -        899,287         72,412    1,520,265              -        6,338,052  
                                           -----------------------------------------------------------------------------------------
                                           -----------------------------------------------------------------------------------------


                                      -7-                              Continued

11-K 11th Page of 14 TOC 1st Previous Next ↓Bottom Just 11th
 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Notes to Financial Statements

(7)    INVESTMENT FUND CHANGES                                                  

     A summary of changes in plan assets by fund for the year ended December
31, 1994 follows:                                                 

                                                        [Enlarge/Download Table]


                                                         Single               AIM            Capital Fund,        Growth       
                                       Balanced          Premium         Constellation        Inc. Class        Fund Class     
                                         Fund            Annuity             Fund              B Shares          B Shares      
                                   --------------------------------------------------------------------------------------------
                                                                                                                               
Plan assets at December 31, 1993      $ 3,764,518          16,646              -                   -                 -         
Additions:                                                                                                                     
  Participants' salary deferrals          300,375             -             22,716              13,682            19,798       
  Employer matching                        64,924             -                -                   -                 -         
  Employer profit sharing                     -               -                -                   -                 -         
  Participants' rollover                   27,388             -                -                10,088            10,088       
  Insurance cash surrender value              -               -                -                   -                 -         
  Interest and dividends                      -             1,044              -                   -                 535       
  Net appreciation (depreciation)                                                                                              
    in fair value of investments            6,128             -                (94)           (216,879)             (804)      
                                   --------------------------------------------------------------------------------------------
  Total additions                         398,815           1,044           22,622            (193,109)           29,617       
                                   --------------------------------------------------------------------------------------------
Deductions:                                                                                                                    
  Benefits paid to participants           (73,058)            -                -              (136,721)              -         
  Administrative expenses                  (3,564)            -                -                  (312)              -         
  Life insurance premiums                     -               -                -                     -               -         
                                   --------------------------------------------------------------------------------------------
  Total deductions                        (76,622)              -              -              (137,033)              -         

Transfers between fund                 (4,086,711)        (17,690)             -             4,078,976               -         
                                   --------------------------------------------------------------------------------------------

Plan assets at December 31, 1994      $         -             -             22,622           3,748,834            29,617       
                                   --------------------------------------------------------------------------------------------
                                   --------------------------------------------------------------------------------------------

                                        The Bond        Euro Pacific                        Insurance           Money          
                                          Fund of          Growth          Stock         Cash Surrender        Market          
                                          America           Fund           fund               Value             Fund           
                                   --------------------------------------------------------------------------------------------
                                                                                                                               
Plan assets at December 31, 1993              -               -            779,287              72,412         1,494,496       

Additions:                                                                                                                     
  Participants' salary deferrals            4,592          29,039            8,789              24,378            65,644       
  Employer matching                           -               -            119,707                 -              27,850       
  Employer profit sharing                     -               -            120,000                 -                 -         
  Participants' rollover                      -             3,411              -                   -                 -         
  Insurance cash surrender value              -               -                -                20,916               -         
  Interest and dividends                      -               -             72,584                 -                 -         
  Net appreciation (depreciation)                                                                                              
    in fair value of investments              (24)           (755)         267,481                 -              42,742       
                                   --------------------------------------------------------------------------------------------
  Total additions                           4,568          31,695          588,561              45,294           136,236       
                                   --------------------------------------------------------------------------------------------

Deductions:                                                                                                                    
  Benefits paid to participants               -               -            (47,905)                -            (215,052)      
  Administrative expenses                     -               -             (1,587)                -              (3,285)      
  Life insurance premiums                     -               -                -               (24,377)              -         
                                   --------------------------------------------------------------------------------------------
  Total deductions                            -               -            (49,492)            (24,377)         (218,337)      

Transfers between fund                        -               -                -               (16,265)       (1,412,395)      
                                   --------------------------------------------------------------------------------------------

Plan assets at December 31, 1994            4,568          31,695        1,318,356              77,064               -         
                                   --------------------------------------------------------------------------------------------
                                   --------------------------------------------------------------------------------------------

                                       Retirement       Cash held                                                              
                                      Preservation         for                                                                 
                                          Trust        Investment          Other              Total                            
                                   --------------------------------------------------------------------------------------------
                                                                                                                               
Plan assets at December 31, 1993              -               -            210,693           6,338,052                         
Additions:                                                                                                                     
  Participants' salary deferrals           17,688          48,040           63,421             618,162                         
  Employer matching                           -               -             11,411             223,892                         
  Employer profit sharing                     -               -                -               120,000                         
  Participants' rollover                    3,411           3,337              -                57,723                         
  Insurance cash surrender value              -               -                -                20,916                         
  Interest and dividends                   22,785         157,572              -               254,520                         
  Net appreciation (depreciation)                                                                                              
    in fair value of investments              -               -                  1              97,796                         
                                   --------------------------------------------------------------------------------------------
  Total additions                          43,884         208,949           74,833           1,393,009                         
                                   --------------------------------------------------------------------------------------------

Deductions:                                                                                                                    
  Benefits paid to participants           (85,959)            -              2,080            (556,615)                        
  Administrative expenses                    (546)            -                 (1)             (9,295)                        
  Life insurance premiums                     -               -                -               (24,377)                        
                                   --------------------------------------------------------------------------------------------
  Total deductions                        (86,505)            -              2,079            (590,287)                        

Transfers between fund                  1,454,085             -                -                   -                           
                                   --------------------------------------------------------------------------------------------
Plan assets at December 31, 1994        1,411,464         208,949          287,605           7,140,774                         
                                   --------------------------------------------------------------------------------------------
                                   --------------------------------------------------------------------------------------------


 -8-

11-K 12th Page of 14 TOC 1st Previous Next ↓Bottom Just 12th
                                                                      Schedule 1
                                                                      ----------

 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

Item 27a - Schedule of Assets Held for Investment Purposes

 December 31, 1994

                                                        [Enlarge/Download Table]


Identity of Issue                 Description of Investment                    Shares                Cost       Current Value       
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                    
*    Merrill Lynch                Capital Fund, Inc. Class B Shares                                                                 
                                  Common stocks and bonds                     147,942          $3,965,350          $3,748,834       

*    Merrill Lynch                Growth Fund Class B Shares                                                                        
                                  Common stocks                                 1,798              29,740              29,617       

*    Merrill Lynch                Retirement Preservation Trust                                                                     
                                  Money market instrument                   1,411,464           1,411,464           1,411,464       

*    Merrill Lynch                Duke Realty Investments, Inc.                                                                     
                                  Common stock                                 46,667           1,122,252           1,318,356       

     American Funds Group         The Bond Fund of America                                                                          
                                  Corporate and governmental bonds                360               4,592               4,568       

     American Funds Group         Euro Pacific Fund                                                                                 
                                  U.S. and non-U.S. stocks                      1,500              32,448              31,695       

     AIM Family of Funds          AIM Constellation Fund                                                                            
                                  Common stock                                  1,316              22,715              22,622       

     Northwestern Mutual Life                                                                                                       
      Insurance Co.               Insurance cash surrender value                  N/A              77,064              77,064       


11-K 13th Page of 14 TOC 1st Previous Next ↓Bottom Just 13th
                                                                      Schedule 2
                                                                      ----------

 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

 Item 27d- Schedule of Reportable Transactions

Year Ended December 31, 1994

                                                        [Enlarge/Download Table]


                                                                                                                Current             
                                                                                                               Value on             
                          Description                     Purchase    Selling    Lease  Expense    Cost of    Transaction   Gain/   
Identify of Issue          of Asset         Fund           Price       Price     Rental Incurred    Asset        Date       (Loss)  
------------------------------------------------------------------------------------------------------------------------------------

                                                                                                                                    
Northwestern Mutual                                                                                                                 
   Life Ins. Co.          Money Market   Money Market      $  -     $1,428,972      -      -      $1,318,743  $1,428,972   $110,229 
                          Instruments    Fund                                                                                       

Northwestern Mutual                                                                                                                 
   Life Ins. Co.          Common Stocks  Balance Fund         -      4,078,976      -      -       3,284,384   4,078,976    794,592 
                          and Bonds                                                                                                 

Merrill Lynch Trust Co.   Common Stocks  Capital Fund,   4,078,468        -         -      -       4,078,468        -          -    
                          and Bonds      Inc. Class                                                                                 
                                         B Shares                                                                                   

Merrill Lynch Trust Co.   Money Market   Retirement      1,428,972        -         -      -       1,428,972        -          -    
                          Instruments    Preservation                                                                               
                                         Trust                                                                                      


11-K Last Page of 14 TOC 1st Previous Next ↓Bottom Just 14th
SIGNATURES

       THE PLAN. Pursuant to the requirements of the Securities Exchange Act
of 1934, the trustees (or other persons who administer the employee benefit     
plan) have duly caused this annual report to be signed on its behalf by the     
undersigned hereunto duly authorized.                                           

 DUKE REALTY PROFIT SHARING AND SALARY DEFERRAL PLAN

Date:    June 28, 1995                  /s/ Dennis D. Oklak                     
                                       ---------------------------------------
               Dennis D. Oklak
                  Plan Administrator

11-K	1st Page of 14	TOC	↑Top	Previous	Next	↓Bottom	Just 1st

11-K	2nd Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 2nd

11-K	3rd Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 3rd

11-K	4th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 4th

11-K	5th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 5th

11-K	6th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 6th

11-K	7th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 7th

11-K	8th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 8th

11-K	9th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 9th

11-K	10th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 10th

11-K	11th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 11th

11-K	12th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 12th

11-K	13th Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 13th

11-K	Last Page of 14	TOC	1st	Previous	Next	↓Bottom	Just 14th

Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘11-K’ Filing	Date	First	Last	Other Filings

Filed on:	6/29/95
	6/28/95	1	14
	6/20/95	4
	1/1/95	9
For Period End:	12/31/94	1	13	10-K, 10-K/A
	12/31/93	2	11	11-K
				List all Filings

↑Top

Filing Submission 0000912057-95-005044 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Duke Realty Corp – ‘11-K’ for 12/31/94

As of: Thursday, 6/29/95 · For: 12/31/94 · Accession #: 912057-95-5044 · File #: 1-09044

Previous ‘11-K’: ‘11-K’ on 9/30/94 for 12/31/93 · Next: ‘11-K’ on 6/28/96 for 12/31/95 · Latest: ‘11-K’ on 6/27/22 for 12/31/21

Annual Report of an Employee Stock Purchase, Savings or Similar Plan — Form 11-KFiling Table of Contents

11-K — Annual Report of an Employee Stock Purchase, Savings or Similar PlanDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Annual Report of an Employee Stock Purchase, Savings or Similar Plan — Form 11-K
Filing Table of Contents

11-K — Annual Report of an Employee Stock Purchase, Savings or Similar Plan
Document Table of Contents