DRE - DRE STOCK NEWS

Prologis has proposed an all-stock acquisition of Duke Realty, offering 0.466 shares of Prologis for each Duke Realty share, valuing it at $61.68—representing a 29% premium over Duke's previous closing price. CEO Hamid R. Moghadam emphasizes significant growth potential and synergies from the merger, citing a strong track record of successful acquisitions. Prologis has sought engagement since November 2021, but Duke Realty has not substantively responded. The transaction promises immediate value and long-term benefits for shareholders.

Duke Realty Corporation (NYSE: DRE) reported strong Q1 2022 results, achieving 49.2% growth in net effective rents with total leasing activity at 7.7 million square feet. The in-service portfolio reached a 99.1% lease rate, showcasing significant leasing progress and higher occupancy levels. Net income per diluted share increased to $0.65 from $0.21 year-over-year. Core FFO rose to $0.44 per diluted share. The company also updated its 2022 guidance, emphasizing continued strong demand for industrial space and planned speculative projects costing $339 million.

Duke Realty Corporation (NYSE: DRE) announced it will release its first quarter 2022 operating results on April 27, 2022, after market close, and host a conference call on April 28, 2022, at 12:00 p.m. ET. This call can be accessed via a live audio webcast on the company's investor relations website. Duke Realty operates approximately 162 million rentable square feet of industrial assets across 19 major U.S. logistics markets, and is part of the S&P 500 Index.

Duke Realty Corporation (NYSE: DRE) will announce its Q1 2022 operating results on April 27, 2022, after market close. The earnings conference call is scheduled for May 28, 2022, at 12:00 p.m. ET. A live audio webcast will be available on the company's investor relations website, where supplemental materials will be posted prior to the call. Duke Realty operates approximately 162 million rentable square feet of industrial assets across 19 U.S. logistics markets and is part of the S&P 500 Index.

Duke Realty Corporation (NYSE: DRE), a leading logistics property REIT, will participate in the Citi 2022 Global Property CEO Conference on March 7-8, 2022. A live webcast of their roundtable discussion is scheduled for March 7, 2022, from 3:30 p.m. to 4:05 p.m. ET, accessible via their investor website. Duke Realty operates approximately 162 million rentable square feet of industrial assets across 19 major U.S. logistics markets and is a component of the S&P 500 Index.

Duke Realty Corporation (NYSE: DRE) reported a strong fourth quarter of 2021, with record growth metrics. Core FFO increased by 13.8%, while AFFO rose by 11.6%. The company achieved 8.9 million square feet in leasing volume, culminating in a record 98.7% occupancy rate. Rent growth reached 40.8% on a net effective basis, underscoring strong demand. The company plans development starts of $1.2 to $1.4 billion for 2022 and has a positive outlook with a projected Core FFO growth of around 9.8%. A quarterly cash dividend of $0.28 per share was declared, payable on February 28, 2022.

Duke Realty Corporation (NYSE: DRE) announced the income tax characteristics of its 2021 dividends. Shareholders are advised to consult their tax advisors regarding the treatment of these dividends. For 2021, the total distribution per share was $1.045, comprising $0.955855 in ordinary dividends, $0.052307 as qualified dividends, and $0.089145 in capital gain distribution. Notably, 100% of the dividends are classified as ordinary. The payment dates for dividends ranged from February 26, 2021, to November 30, 2021.

Duke Realty Corporation (NYSE: DRE) will release its fourth quarter 2021 operating results on January 26, 2022, after market close. The company will host a conference call on January 27, 2022, at 12:00 p.m. Eastern Time to discuss these results. Investors can access the call via a live audio webcast on the investor relations section of Duke Realty's website, where supplemental materials will also be available. Duke Realty operates approximately 160 million rentable square feet of industrial assets across 19 U.S. logistics markets.

Urban Edge Properties (NYSE:UE) has appointed Norman K. Jenkins to its Board of Trustees, effective November 22, 2021. Jenkins brings over 25 years of real estate experience and currently serves as President and CEO of Capstone Development. He has previously held leadership roles at Marriott International, where he developed the Diversity Ownership Initiative. Urban Edge, based in the New York metropolitan area, manages 75 properties totaling 16.4 million square feet of gross leasable area. This leadership change aims to enhance stakeholder value.