DUKE REALTY CORP. (NY: DRE)
17.37 USD  +0.05 (+0.29%)
Official Closing Price  /  Updated: 6:40 PM EDT, Apr 24, 2014  /  Add to My Watchlist      
(DRE) Community Analysis from
April 24, 2014
(Stock Blog Hub, 7/8/13)
The office and industrial real estate investment trust (REIT) – Duke Realty Corporation (DRE) – announced the decision of its Chief Financial Officer (CFO), Christie B....(read more)
(Stock Blog Hub, 6/16/13)
Shares of Duke Realty Corporation (DRE) reached a new 52-week high, touching $18.71 at the end of the trading session on May 16. The closing price of this office and industrial real estate...(read more)
(Benzinga, 10/28/10)
Duke Realty (NYSE: DRE) reported core 3Q results that were ahead of Citi's and the Street estimates. Results were clean and generally of high quality. Leasing volume in the Qtr was robust and occupancy increased 100bp. 2010 guidance...(read more)
Duke Realty (DRE) Company Overview
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Duke Realty Corporation is a real estate investment trust that leases and manages Industrial Properties like warehouses (accounting for 70% of total square feet) and office buildings (accounting for 28% of total square feet). Business parks are mixed use developments that contain restaurants and other amenities in order to create a conducive atmosphere for tenants. DRE owns 726 rental properties (including 38 properties with 10.0 million square feet under development) and over 121.1 million rentable square feet based predominantly in the Midwest. The Midwest accounts for almost 70% of DRE's annual net effective rent.[1]

Duke's large presence in the Midwest has proven disadvantageous because demand in the region for industrial and office space has fallen from the year 2000 onwards because of a declining manufacturing sector. Also, barriers to entry in the region are low as competitors have ready access to land and can easily construct competing sites. DRE is moving away from the relatively stagnant Midwestern real estate market, and has sold a billion dollars in property with plans to use these funds to develop investments in more lucrative markets.

(Read more at Wikinvest )

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