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Duke Realty Corp DRE Stock Quote

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Morningstar‘s Stock Analysis DRE

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Duke Reports a Strong Set of Numbers in Q2 as It Continues to Benefit From Robust Industrial Demand

Suryansh Sharma Equity Analyst

Analyst Note

| Suryansh Sharma |

No-moat-rated Duke Realty reported strong second-quarter results, reporting core funds from operations, or FFO, of $0.48 per share, 9.1% higher than the $0.44 in FFO during the second quarter of 2021. The company continues to benefit from buoyant demand for industrial space with the second-quarter results being largely in line with our expectations. After incorporating the second-quarter results, we are maintaining our $59 fair value estimate for Duke Realty.

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Company Profile DRE

Business Description

Duke Realty is an Indianapolis-based publicly traded REIT that owns and operates a portfolio of primarily industrial properties and provides real estate services to third-party owners. It has interest in over 150 million square feet across the largest logistics markets in the U.S.

8711 River Crossing Boulevard
Indianapolis, IN, 46240
T +1 317 808-6000
Industry REIT - Industrial
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 340