Report
Michael Wong
EUR 100.00 For Business Accounts Only

Duke Realty Continues To Be in the Right Industry at the Right Time

No-moat-rated Duke Realty reported a reasonable fourth quarter and full-year 2018 results that were in line with our expectations. Based on these results, we do not intend to materially change our $30 per share fair value estimate for the firm. Core funds from operations grew 7.2% to $1.33, as secular growth in the warehousing industry continues to benefit this company. Leased in-service properties increased 60 basis points year over year to 96.3% and cash releasing spreads grew 7%, which lead t...
Underlying
Duke Realty Corporation

Duke Realty is a self-administered and self-managed real estate investment trust and is the sole general partner of Duke Realty Limited Partnership and its consolidated subsidiaries. The company and Partnership focuses on the ownership, management and development of bulk distribution (industrial) real estate. The company has two reportable operating segments. The first consisting of the ownership and rental of industrial real estate investments. The company's second reportable segment consists of various real estate services such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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