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Last $20.05 USD
Change Today -0.17 / -0.84%
Volume 1.7M
DRE On Other Exchanges
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As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

duke realty corp (DRE) Key Developments

Duke Realty Corporation to Develop Industrial Buildings in Pompano Commerce Center

The South Florida office of Duke Realty Corporation has announced that it is developing two 90,089 sqft industrial buildings in Pompano Commerce Center, and that one of the buildings is already 43% preleased. World Electric Supply Inc. will occupy 38,633 square feet in one of the buildings, which Duke Realty is developing on a speculative basis in its industrial development located off Blount Road/27th Avenue adjacent to Florida's Turnpike. The 9.45 acre site where the two buildings are being constructed was acquired by Duke Realty in 2010, along with two completed buildings totaling 223,375 square feet. Both of the existing buildings are 100% leased by four long-term tenants. The two buildings, which will be named Pompano Commerce Center Buildings II and IV, are being built simultaneously and are 185' deep, matching the depth of buildings I and III. Each building will feature 32' clear heights and 40' x 46'3" dock bays. The buildings are concrete tilt-wall construction and are being built on a 7" reinforced slab. Each building will include 23 - 9' x 10' dock doors and two 16' x 16' drive-in doors and have parking for more than 110 automobiles and a 170' deep truck court. Electrical service in the building will be 1,800-amp, 277/480 volt, 3-phase power. Delivery of the two buildings is scheduled for October 2015.

Duke Realty Corporation Declares Quarterly Dividend, Payable on August 31, 2015

Duke Realty Corporation board of directors declared a quarterly cash distribution on the common stock of $0.17 per share, or $0.68 per share on an annualized basis. The second quarter distribution will be payable on August 31, 2015 to shareholders of record on August 14, 2015.

Duke Realty Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Financial Guidance for the Second Half and Full Year of 2015

Duke Realty Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenues were $225,897,000 compared to $274,292,000 a year ago. Operating income was $181,266,000 compared to $181,220,000 a year ago. Income from continuing operations, before income taxes was $55,707,000 compared to $129,115,000 a year ago. Income from continuing operations was $57,995,000 compared to $128,751,000 a year ago. Net income was $454,165,000 compared to $136,527,000 a year ago. Net income attributable to common shareholders was $449,380,000 compared to $127,688,000 a year ago. Diluted net income per common share from continuing operations attributable to common shareholders was $0.16 compared to $0.36 a year ago. Diluted net income per common share was $1.30 compared to $0.38 a year ago. Net income attributable to common shareholders­ diluted was $453,553,000 compared to $128,735,000 a year ago. The increase in net income per diluted share was primarily due to recognizing gains on the sale of depreciable properties totaling $507 million during the second quarter of 2015. Core FFO attributable to common shareholders ­ diluted was $99,095,000 or $0.28 per share compared to $102,617,000 or $0.30 per share a year ago. The decrease in Core FFO for the quarter was primarily due to the impact of property dispositions, substantially offset by improved property­level performance and lower interest expense. Adjusted FFO - diluted was $89,435,000 or $0.25 per share compared to $83,311,000 or $0.25 per share a year ago. For the six months, the company's revenues were $493,333,000 compared to $538,758,000 a year ago. Operating income was $269,466,000 compared to $240,289,000 a year ago. Income from continuing operations, before income taxes was $94,626,000 compared to $136,663,000 a year ago. Income from continuing operations was $95,430,000 compared to $133,625,000 a year ago. Net income was $520,134,000 compared to $162,098,000 a year ago. Net income attributable to common shareholders was $514,624,000 compared to $146,371,000 a year ago. Diluted net income per common share from continuing operations attributable to common shareholders was $0.27 compared to $0.35 a year ago. Diluted net income per common share was $1.49 compared to $0.44 a year ago. Net income attributable to common shareholders­ diluted was $518,876,000 compared to $147,025,000 a year ago. Core FFO attributable to common shareholders ­ diluted was $208,070,000 or $0.59 per share compared to $195,800,000 or $0.58 per share a year ago. Adjusted FFO - diluted was $189,260,000 or $0.54 per share compared to $167,364,000 or $0.50 per share a year ago. The company revised earnings results for the year 2015. The estimate for same property NOI growth was increased from a range of 3.0%  to 5.0% to a range of 4.0% to 5.5%. The company expects solid AFFO growth for the remainder of the year.

Duke Realty Corporation to Report Q2, 2015 Results on Jul 29, 2015

Duke Realty Corporation announced that they will report Q2, 2015 results After-Market on Jul 29, 2015

Duke Realty Corporation, Q2 2015 Earnings Call, Jul 30, 2015

Duke Realty Corporation, Q2 2015 Earnings Call, Jul 30, 2015

 

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