Welcome to our dedicated page for DRE news (Ticker: DRE), a resource for investors and traders seeking the latest updates and insights on DRE stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DRE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DRE's position in the market.
Duke Realty Corporation (NYSE: DRE) reported a strong first quarter for 2021, achieving a net income of $0.21 per diluted share, up from $0.05 in Q1 2020. The company executed 7.4 million square feet in leases with a 97.6% total portfolio leasing rate. Notably, they started $412 million in new developments, 60% pre-leased, and improved Core FFO to $0.39 per diluted share. Duke Realty raised its guidance for 2021, increasing net income expectations to $1.86-$2.24 per share and FFO to $1.60-$1.70 per share. They declared a quarterly dividend of $0.255 per share, payable June 1, 2021.
Duke Realty Corporation (NYSE: DRE) will announce its Q1 2021 operating results on April 28, 2021, following market closure. A conference call for investors will occur on April 29 at 3:00 p.m. Eastern Time, accessible via a live audio webcast on their investor relations website. The company, which operates approximately 159 million rentable square feet of industrial assets in key U.S. logistics markets, is a member of the S&P 500 Index. More details will be available on their official site.
Duke Realty Corporation (NYSE: DRE) announced eight new development transactions totaling 3.7 million square feet and costing $373 million, achieving 58% pre-leasing. Significant projects include a 655,000 square foot facility for a repeat customer in Chicago and a 1.2 million square foot project for Wayfair in Romeoville, IL. All developments are expected to receive LEED certification and contribute to earnings growth starting early 2022. The funding will come from anticipated asset sales in the first half of 2021.
Duke Realty Corporation (NYSE: DRE) reported strong fourth quarter results for 2020, achieving a leasing volume of 9.7 million square feet, resulting in a 96% portfolio occupancy, the highest ever. Net income per diluted share reached $0.45, up from $0.23 YoY, driven by property sales. FFO remained stable at $1.40 per diluted share. The company anticipates 2021 Core FFO guidance of $1.62 to $1.68 per diluted share, indicating an 8.6% growth from 2020. Strong rent collections continued at 99.9%, with a development pipeline exceeding $1 billion, 67% pre-leased.
Duke Realty Corporation (NYSE: DRE) has shared the tax characteristics of its 2020 common share dividends, totaling $0.960 per share. Key payment dates include February 28, May 29, August 31, and November 30, 2020. Shareholders should consult tax advisors regarding specific treatment, as 74.6% of the dividends are classified as ordinary dividends. No foreign taxes were incurred in 2020, and all capital gain dividends are characterized accordingly for U.S. federal income tax withholding.
Duke Realty Corporation (NYSE: DRE) announced the pricing of a public offering of $450 million in 1.75% senior unsecured notes due February 1, 2031. The notes were priced at 99.252%, yielding 1.832% to maturity. This offering is set to close on January 21, 2021. Proceeds will be allocated to finance or refinance Eligible Green Projects, including green buildings and renewable energy initiatives. J.P. Morgan is the Green Structuring Agent, with several other banks as joint book-running managers. The registration statement has been filed with the SEC.
Duke Realty Corporation (NYSE: DRE) will release its fourth quarter 2020 operating results on January 27, 2021, after the market close. A conference call will follow on January 28 at 3:00 p.m. ET, accessible via the company's investor relations website. Duke Realty operates approximately 159 million square feet of industrial assets across 20 U.S. logistics markets and is part of the S&P 500 Index. Supplemental materials for the call will be available on the website.
Duke Realty Corporation (NYSE: DRE) announced significant development activities for Q4 2020, increasing its development guidance for the year to $775-$850 million from $650-$800 million. The company executed two major leases in speculative projects, raising the pre-leasing level of its pipeline from 63% to 76%. Additionally, seven new development projects totaling $405 million have been initiated, achieving 73% pre-leased status. These developments are expected to enhance earnings growth into 2021 and 2022, demonstrating strong demand in Tier 1 markets.
Duke Realty Corporation (NYSE: DRE) reported strong Q3 2020 results, highlighting an 8.5% increase in quarterly dividends and a 32.1% growth in net effective rents. The firm achieved over 99% rent collections amid the pandemic, with a 5.0% increase in same-property net operating income year-over-year. The total leasing activity reached 7.3 million square feet, pushing occupancy levels to their highest since 2017. Revised 2020 guidance shows improved earnings, with FFO projected between $1.38 and $1.44 per diluted share, and a development pipeline valued at $897 million, indicating robust future growth potential.
FAQ
What is the market cap of DRE (DRE)?
