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Duke Realty's quarterly results beat expectations

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Indianapolis-based Duke Realty Corp. slightly exceeded analyst estimates with it financial performance in the fourth quarter, the company reported Wednesday.

Duke said core funds from operations for the quarter were $78.2 million or 30 cents per share, compared to $73.9 million, or 28 cents per share, in the same quarter of 2010. Fourteen analysts polled by Thomson Reuters expected core FFO of 29 cents per share for the recent quarter.

FFO is a common performance measure used by real estate investment trusts.

Duke reported earnings attributable to shareholders of nearly $45 million, or 17 cents per share, compared to $9.6 million, or 4 cents per share, the year before.
Revenues for the quarter grew to $305.6 million, up from $280.8 million the year before.

Duke closed on its $1.1 billion sale of suburban office buildings in the fourth quarter and made $388 million in acquisitions.

The company said the overall occupancy rate in its real estate portfolio rose to 90.7 percent.
 

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  1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

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  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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