Morningstar - Duke Realty Corporation (DRE) Duke Realty Should Benefit From Increased Demand For Industrial Space; Shares Marginally Undervalued

Report

Morningstar

Brad Schwer

EUR 101.80 For Business Accounts Only

Duke Realty Should Benefit From Increased Demand For Industrial Space; Shares Marginally Undervalued

We are initiating coverage of industrial REIT Duke Realty with a fair value estimate of $29.80 per share and a no-moat rating. We think the stock still has some room to run as it currently trades at a 10% discount to our fair value estimate, though our high uncertainty rating, driven by elevated supply currently under construction, puts it in 3-star territory.
Duke Realty has capitalized on demand led by e-commerce and has successfully shifted its strategy away from office property to solely fo...

03/01/2018 13 EN

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.

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US2644115055 New York Stock Exchange United States

Provider

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.

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Analysts

Brad Schwer

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Duke Realty Should Benefit From Increased Demand For Industrial Space; Shares Marginally Undervalued

Hybridan Small Cap Feast - 22 Nov 23

Duke Realty Declares Quarterly Dividend

Duke Realty Corp: 1 director

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Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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