IBJNews

Duke Realty earnings, revenue see quarterly decrease

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Duke Realty Corp. on Wednesday reported a fourth-quarter loss of $22.5 million, or 12 cents per share, a sharp decline from the $60.2 million, or 17 cents per share, it made in the same quarter of 2011.

Duke said 2011 earnings results had been dramatically improved by the sale of assets.

Funds from operations, or FFO, for the quarter hit 25 cents per share, compared with 24 cents per share, in the year-ago quarter. FFO is a common measure of performance for real estate investment trusts.

Total revenue declined to $269.6 million in the fourth quarter from $303 million a year earlier. Rental income rose more than $30 million, but general contracting and service-fee revenue fell more than $63 million.

Duke said its portfolio's occupancy rate rose to 93 percent. Highlights during the quarter included the acquisition of $448 million of bulk industrial and medical office buildings.

The company generated $26 million of proceeds from dispositions during the quarter.

Duke shares fell 12 cents Wednesday before quarterly results were announced, to $15.13 each.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

ADVERTISEMENT