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Duke Realty Corporation (NYSE: DRE) aims for carbon neutrality by 2025 for its operations and by 2040 in alignment with the Paris Climate Accords. The company promotes sustainability through energy-efficient building practices and renewable energy investments. Duke Realty's strategies include upgrading existing facilities, developing LEED-certified properties, and supporting electric vehicles. Recently, it earned a top ranking among peers for ESG performance and has issued $1.35 billion in green bonds.
Duke Realty Corporation (NYSE: DRE) announced an underwritten public offering of $500 million in 2.250% senior unsecured notes due January 15, 2032, priced at 98.823% of the face amount. The notes will yield 2.381% to maturity, and the offering is expected to close on November 10, 2021. Proceeds will fund 'Eligible Green Projects' such as green buildings and renewable energy systems. J.P. Morgan Securities LLC serves as the Green Structuring Agent. The registration statement for the offering has been filed with the SEC.
Duke Realty Corporation (NYSE: DRE) reported significant third-quarter results for 2021, featuring a 9.8% increase in quarterly dividends and a 34.8% growth in net effective rents. The company leased 9.5 million square feet, up 25% from the previous quarter, achieving a 3.8% growth in same-property net operating income. Net income rose to $1.30 per diluted share, up from $0.19 a year ago. The company has also revised its earnings guidance upward, anticipating double-digit annual FFO growth.
Duke Realty Corporation (NYSE: DRE) will release its third quarter 2021 operating results on October 27, after market close. A conference call to discuss these results will occur on October 28 at 3:00 p.m. Eastern Time. Investors can access the call through a live audio webcast on Duke Realty's investor relations website. The company owns approximately 163 million rentable square feet of industrial assets across 19 U.S. logistics markets and is publicly traded on the S&P 500 Index.
Duke Realty Corporation (NYSE: DRE) announced its participation in the BofA Securities 2021 Global Real Estate Conference on September 22, 2021. The management will provide a webcast presentation from 9:45 to 10:20 a.m. ET. Audio-only replay will be available 24 hours after the event, expiring on December 22, 2021. Duke Realty, a logistics-focused REIT, manages about 163 million rentable square feet across 19 major U.S. markets. The company is also a member of the S&P 500 Index.
Duke Realty Corporation (NYSE: DRE) reported remarkable second-quarter results for 2021, showcasing a 36.2% growth in net effective rents and a leasing percentage of 97.9% for its in-service portfolio. The company achieved 5.5% growth in same-property net operating income due to rental rate increases and the end of free rent periods. Net income rose to $0.47 per diluted share, compared to $0.11 in the same quarter of 2020. Additionally, the earnings guidance was raised, projecting net income per share between $2.13 and $2.39, reflecting a strong operational outlook.
Duke Realty Corporation (NYSE: DRE) has partnered with CBRE Global Investors to form a joint venture, with CBRE owning 80% and Duke Realty 20%. The initial tranche includes two facilities totaling 1.3 million square feet and one trailer lot valued at $157 million, located in Atlanta and Chicago. The Venture will leverage secured debt financing, expecting to cover 50-60% loan-to-value. Future tranches will involve additional properties in Baltimore, Pennsylvania, Seattle, and South Florida. This strategic move aims to monetize assets and manage portfolio risk.
Duke Realty (NYSE: DRE) released its 2020 Corporate Responsibility Report, highlighting significant advancements in its ESG (Environmental, Social, Governance) efforts despite challenges faced during the year. Key accomplishments include pursuing LEED certification for all new developments, generating 11.1 megawatts of clean electricity through community solar projects, and being recognized as a top employer. The report follows Global Reporting Initiative standards and underscores Duke Realty's commitment to sustainability and ethical practices.
Duke Realty Corporation (NYSE: DRE) will announce its second quarter 2021 operating results on July 28th, post-market close, and hold a conference call on July 29th at 3:00 PM ET. The call will be accessible via a live audio webcast on their investor relations website. Duke Realty operates approximately 162 million rentable square feet across 20 major U.S. logistics markets and is part of the S&P 500 Index. Investors can find supplemental materials prior to the call and listen to a replay shortly after the event.
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