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DRE Duke Realty Limited PARTNERSHIP

The General Partner and Partnership collectively specialize in the ownership, management and development of bulk distribution ("industrial") real estate. The General Partner is a self-administered and self-managed REIT, which began operations upon completion of an initial public offering in February 1986.

Company profile

Ticker
DRE
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DUKE REALTY LIMITED PARTNERSHIP, DUKE REALTY LIMITED PARTNERSHIP/, DUKE WEEKS REALTY LIMITED PARTNERSHIP
SEC CIK

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Jul 21
31 Jul 21
31 Dec 21
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 13.4M 13.4M 13.4M 13.4M 13.4M 13.4M
Cash burn (monthly) 15.07M 302.42K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 150.86M 3.03M n/a n/a n/a n/a
Cash remaining -137.46M 10.37M n/a n/a n/a n/a
Runway (months of cash) -9.1 34.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Risks
  • Our business and operations could suffer in the event of system failures or cyber security attacks.
Management Discussion
  • The United States economy in 2020 experienced an unprecedented downturn as a result of the COVID-19 pandemic with the gross domestic product declining by 3.5%. The recession was caused by dramatic changes in consumer behavior linked to business shutdowns, travel restrictions, and social distancing during the pandemic. The magnitude of the declines in gross domestic product and employment in the spring was unprecedented. Since then, economic activity and job growth have begun to recover as parts of the economy reopened, bolstered by the initial dissemination of vaccines and government stimulus, but remain well below pre-pandemic levels. The 10-year treasury yield trended down throughout the year fluctuating from 0.5% to 1.9% and ending the year at 0.9%, down from 1.9% at the end of 2019. While the economy has declined overall during 2020, the industrial real estate sector has been one of the most resilient sectors during the pandemic, which has been largely driven by e-commerce demand and additional demand from suppliers to drive up safety stock. We continued to pursue quality industrial assets in coastal Tier 1 markets during 2020. We resumed speculative development projects in the second half of the year and continued to lease up the speculative space. Despite the global crisis, we were able to execute our asset and capital strategies for the year and had a successful 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
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Removed: chain, government, relate, utilize

Proxies

No filings