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Duke Realty's quarterly results beat expectations

January 25, 2012
Keywords
Commercial Real Estate, Duke Realty Corp., Real Estate & Retail, Real Estate Investment Trust
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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. Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.

  2. Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!

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  5. Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.

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