Grufity logoGrufity logo

DRE

Market Closed

Duke Realty Corp

DRE Stock Price

RSI Chart

Valuation

Market Cap

18.6B

Price/Earnings

19.35

Price/Sales

16.74

Price/Cashflow

28.18

MarketCap/EBT

19.02

Price/Sales

Profitability

EBT Margin

88.01%

Return on Equity

15.22%

Return on Assets

8.75%

Fundamentals

Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

5%

Revenue Q/Q

2.56%

Earnings

Earnings (TTM)

958.9M

Earnings Y/Y

-41.64%

Earnings Q/Q

-58.77%

Price Action

Last 7 days

-6.3%

Last 30 days

-18.1%

Last 90 days

-14.2%

Trailing 12 Months

2.3%

Financial Health

Debt/Equity

0.62

Debt/Cashflow

0.17

Investor Care

Dividend Yield

2.27%

Dividend/Share (TTM)

1.1

Shares Dilution (1Y)

1.76%

Peers (Alternatives to Duke Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.05% -9.82%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
2.33% -19.47%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
11.66% -32.89%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
0.40% -26.92%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
0.72% -26.09%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
3.13% -3.30%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
1.56% -14.60%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
-4.84% -43.84%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
4.55% 7.71%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-8.04% -48.19%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
3.76% -30.83%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.02% -4.14%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-14.57% -34.08%
538.82
1.96
2.16% 107.41%
1.2B
-
7.32% 4.54%
5
3.44
120.87% 1462.96%

Financials for Duke Realty

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue1.2%1,1081,0951,1061,1081,089
  S&GA Expenses16.8%8169707067
Earnings Before Taxes-7.3%9751,053880939505
Net Income-7.2%9591,033862928501
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets3.5%10,95810,58710,44610,0489,844
    Cash Equivalents382.5%44970108
Liabilities7.0%4,5514,2534,3074,0044,329
  Long Term Debt6.5%3,8893,6513,6893,3553,714
    LT Debt, Current-5----
Shareholder's Equity1.2%6,3016,2286,0445,9505,426
  Additional Paid-In Capital1.3%6,2636,1856,1436,0465,921
Shares Outstanding0.3%385383383381378
Minority Interest0.2%107107959489
Float-18,010----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations3.8%659635642622617
Cashflow From Investing3.9%-697.81-725.89-832.41-443.83-1,117.78
Cashflow From Financing-47.2%4891226137495
  Dividend Payments2.9%418406394382373

Risks

What is the probability of a big loss on DRE?

27.7%


Probability that Duke Realty stock will be more than 20% underwater in next one year

18.5%


Probability that Duke Realty stock will be more than 30% underwater in next one year.

0%


Probability that Duke Realty stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DRE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Duke Realty was unfortunately bought at previous high price.

Returns

Cumulative Returns on DRE

16.5%


10-Year Cumulative Returns

17.5%


7-Year Cumulative Returns

14.3%


5-Year Cumulative Returns

15.2%


3-Year Cumulative Returns

What are the long-term rolling returns for DRE?

FIve years rolling returns for Duke Realty.

Which funds bought or sold DRE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-1,055
4,000
-%
2022-11-23
Toroso Investments, LLC
SOLD OFF
-100
-1,892,000
-
-%
2022-11-22
CVA Family Office, LLC
ADDED
187.5
4,000
6,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,764,000
1,764,000
0.02%
2022-11-22
Mint Tower Capital Management B.V.
REDUCED
-90.76
-757,000
67,000
-%
2022-11-21
Ninepoint Partners LP
REDUCED
-33.32
-134,000
189,000
0.02%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-0.82
-4,600,000
30,780,000
0.05%
2022-11-18
National Pension Service
REDUCED
-6.88
-5,386,000
23,409,000
0.05%
2022-11-17
Telemetry Investments, L.L.C.
NEW
-
1,179,000
1,179,000
1.51%
2022-11-17
M&T Bank Corp
ADDED
4.14
-236,000
2,671,000
0.01%

1–10 of 48

Latest Funds Activity

Are funds buying DRE calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own DRE

Duke Realty News

Seeking Alpha

RLTY: Large Discount In The Beaten Down REIT Space (NYSE:RLTY).10 days ago

Schaeffers Research

Seeking Alpha

DRE Fair Value

Recent SEC filings of Duke Realty

View All Filings
Date Filed Form Type Document
Oct 13, 2022
15-15D
15-15D
Oct 13, 2022
15-15D
15-15D
Oct 13, 2022
15-15D
15-15D
Oct 13, 2022
15-12G
15-12G
Oct 05, 2022
EFFECT
EFFECT
Oct 05, 2022
EFFECT
EFFECT
Oct 05, 2022
EFFECT
EFFECT
Oct 05, 2022
EFFECT
EFFECT
Oct 05, 2022
EFFECT
EFFECT
Oct 05, 2022
EFFECT
EFFECT

Latest Insider Trading transactions for DRE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-22
Schnur Steven W
SOLD
-275,564
62.19
-4,431
EVP, Chief Operating Officer
2022-08-15
Schnur Steven W
SOLD
-176,036
65.03
-2,707
EVP, Chief Operating Officer
2022-08-03
Denien Mark A
SOLD
-599,679
62.13
-9,652
EVP & CFO
2022-08-03
Denien Mark A
SOLD
-8,698,200
62.13
-140,000
EVP & CFO
2022-08-01
Denien Mark A
ACQUIRED
-
-
140,000
EVP & CFO
2022-07-01
Thompson Warren M
ACQUIRED
25,002.2
54.95
455
-
2022-07-01
STOCKERT DAVID P
ACQUIRED
25,002.2
54.95
455
-
2022-04-22
Anderson Scott P
ACQUIRED
-
-
836
-
2022-04-01
STOCKERT DAVID P
ACQUIRED
25,023.9
58.06
431
-
2022-04-01
Thompson Warren M
ACQUIRED
25,023.9
58.06
431
-

1–10 of 50

DRE Income Statement

2022-06-30
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:    
Rental and related revenue$ 280,145$ 253,971$ 555,359$ 512,150
General contractor and service fee revenue5,14317,7218,09248,834
Revenues, total285,288271,692563,451560,984
Expenses:    
Rental expenses21,24018,51546,52646,645
Real estate taxes43,72841,36887,65682,538
General contractor and other services expenses3,73014,0665,19943,529
Depreciation and amortization93,94491,729187,945185,302
Costs and expenses, total162,642165,678327,326358,014
Other operating activities:    
Equity in earnings of unconsolidated joint ventures5,56510,5909,38026,858
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal24,83295,183235,579116,543
Earnings from sales of land2,0259,9003,11711,138
Other Operating Income (Expense), Net(531)(338)(1,310)(1,483)
Impairment charges(1,563)0(1,563)0
Expense impact of costs attributable to successful leasing activities(3,502)(4,027)(9,014)(6,985)
General and administrative expenses(27,496)(15,879)(51,409)(40,096)
Other Operating Activities, Net(670)95,429184,780105,975
Operating income121,976201,443420,905308,945
Other income (expenses):    
Interest and other income, net9391,6731,7642,136
Interest expense(18,734)(21,072)(38,733)(43,579)
Loss on debt extinguishment0(3,938)(21,948)(4,008)
Gain on involuntary conversion03,22203,222
Income before income taxes104,181181,328361,988266,716
Income tax expense(493)(3,672)(6,823)(8,856)
Net income103,688177,656355,165257,860
Net income attributable to noncontrolling interests(1,218)(1,839)(3,774)(2,681)
Net income attributable to common shareholders$ 102,470$ 175,817$ 351,391$ 255,179
Weighted average number of common shares/units outstanding384,519376,020383,619374,850
Weighted average number of common shares/units and potential dilutive securities389,199381,621389,265380,334
Basic net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders$ 0.27$ 0.47$ 0.91$ 0.68
Diluted net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders$ 0.27$ 0.47$ 0.91$ 0.68
Comprehensive income:    
Net income$ 103,688$ 177,656$ 355,165$ 257,860
Amortization of interest rate swap contracts8898901,7781,779
Comprehensive income104,577178,546356,943259,639
Duke Realty Limited Partnership [Member]    
Revenues:    
Rental and related revenue280,145253,971555,359512,150
General contractor and service fee revenue5,14317,7218,09248,834
Revenues, total285,288271,692563,451560,984
Expenses:    
Rental expenses21,24018,51546,52646,645
Real estate taxes43,72841,36887,65682,538
General contractor and other services expenses3,73014,0665,19943,529
Depreciation and amortization93,94491,729187,945185,302
Costs and expenses, total162,642165,678327,326358,014
Other operating activities:    
Equity in earnings of unconsolidated joint ventures5,56510,5909,38026,858
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal24,83295,183235,579116,543
Earnings from sales of land2,0259,9003,11711,138
Other Operating Income (Expense), Net(531)(338)(1,310)(1,483)
Impairment charges(1,563)0(1,563)0
Expense impact of costs attributable to successful leasing activities(3,502)(4,027)(9,014)(6,985)
General and administrative expenses(27,496)(15,879)(51,409)(40,096)
Other Operating Activities, Net(670)95,429184,780105,975
Operating income121,976201,443420,905308,945
Other income (expenses):    
Interest and other income, net9391,6731,7642,136
Interest expense(18,734)(21,072)(38,733)(43,579)
Loss on debt extinguishment0(3,938)(21,948)(4,008)
Gain on involuntary conversion03,22203,222
Income before income taxes104,181181,328361,988266,716
Income tax expense(493)(3,672)(6,823)(8,856)
Net income103,688177,656355,165257,860
Net income attributable to noncontrolling interests(90)(101)(183)(182)
Net income attributable to common shareholders$ 103,598$ 177,555$ 354,982$ 257,678
Weighted average number of common shares/units outstanding388,541379,790387,534378,523
Weighted average number of common shares/units and potential dilutive securities389,199381,621389,265380,334
Basic net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders$ 0.27$ 0.47$ 0.91$ 0.68
Diluted net income per common share/unit:    
Continuing operations attributable to common shareholders/unitholders$ 0.27$ 0.47$ 0.91$ 0.68
Comprehensive income:    
Net income$ 103,688$ 177,656$ 355,165$ 257,860
Amortization of interest rate swap contracts8898901,7781,779
Comprehensive income$ 104,577$ 178,546$ 356,943$ 259,639

DRE Balance Sheet

2022-06-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS  
Real Estate Assets$ 9,994,446$ 9,616,076
Construction in progress997,320744,871
Investments in and advances to unconsolidated joint ventures207,977168,336
Undeveloped land600,292473,317
Real estate investment property, at cost, total11,800,03511,002,600
Accumulated depreciation(1,808,388)(1,684,413)
Net real estate investments9,991,6479,318,187
Real estate investments and other assets held-for-sale0144,651
Cash and cash equivalents44,19569,752
Accounts receivable13,20813,449
Straight-line rent receivable194,474172,225
Receivables on construction contracts, including retentions35,65157,258
Deferred leasing and other costs, net of accumulated amortization341,923337,936
Other escrow deposits and other assets337,184332,197
Total Assets10,958,28210,445,655
LIABILITIES AND EQUITY  
Secured debt, net of deferred financing costs57,15059,418
Unsecured debt, net of deferred financing costs3,831,5303,629,864
Long-term debt, total3,888,6803,689,282
Liabilities related to real estate investments held-for-sale06,278
Construction payables and amounts due subcontractors, including retentions123,428107,009
Accrued real estate taxes87,56977,464
Accrued interest22,92520,815
Other liabilities365,680339,023
Tenant security deposits and prepaid rents62,24766,823
Total Liabilities4,550,5294,306,694
Equity  
Common shares3,8483,825
Additional paid-in capital6,262,6346,143,147
Accumulated Other Comprehensive Loss(26,233)(28,011)
Cumulative Earnings (Deficit)60,571(75,210)
Total shareholders' equity6,300,8206,043,751
Noncontrolling interests106,93395,210
Total Equity6,407,7536,138,961
Total Liabilities and Equity10,958,28210,445,655
Duke Realty Limited Partnership [Member]  
ASSETS  
Real Estate Assets9,994,4469,616,076
Construction in progress997,320744,871
Investments in and advances to unconsolidated joint ventures207,977168,336
Undeveloped land600,292473,317
Real estate investment property, at cost, total11,800,03511,002,600
Accumulated depreciation(1,808,388)(1,684,413)
Net real estate investments9,991,6479,318,187
Real estate investments and other assets held-for-sale0144,651
Cash and cash equivalents44,19569,752
Accounts receivable13,20813,449
Straight-line rent receivable194,474172,225
Receivables on construction contracts, including retentions35,65157,258
Deferred leasing and other costs, net of accumulated amortization341,923337,936
Other escrow deposits and other assets337,184332,197
Total Assets10,958,28210,445,655
LIABILITIES AND EQUITY  
Secured debt, net of deferred financing costs57,15059,418
Unsecured debt, net of deferred financing costs3,831,5303,629,864
Long-term debt, total3,888,6803,689,282
Liabilities related to real estate investments held-for-sale06,278
Construction payables and amounts due subcontractors, including retentions123,428107,009
Accrued real estate taxes87,56977,464
Accrued interest22,92520,815
Other liabilities365,680339,023
Tenant security deposits and prepaid rents62,24766,823
Total Liabilities4,550,5294,306,694
Equity  
Common equity6,327,0536,071,762
Limited Partners' common equity102,57990,679
Accumulated Other Comprehensive Loss(26,233)(28,011)
Total partners' equity6,403,3996,134,430
Noncontrolling interests4,3544,531
Total Equity6,407,7536,138,961
Total Liabilities and Equity$ 10,958,282$ 10,445,655