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Duke Realty (DRE)

Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is a component of the S&P 500 Index.

Company profile

Ticker
DRE
Exchange
CEO
James B. Connor
Employees
Incorporated
Location
Fiscal year end
Former names
DUKE REALTY INVESTMENTS INC, DUKE WEEKS REALTY CORP
SEC CIK
Subsidiaries
Duke Realty Limited Partnership • Duke Realty of Indiana Limited Partnership • Duke Indiana Realty Limited Partnership • Duke Acquisition, Inc. • Duke Construction Limited Partnership • Duke Indiana Construction Limited Partnership • Duke Construction, an Indiana limited partnership • Duke Realty Construction, Inc. • Duke Realty Services, LLC • Duke Realty Services of Indiana, LLC ...
IRS number
351740409

DRE stock data

Calendar

8 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Dec 21 Sep 21 Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 103.16M 103.16M 103.16M 103.16M 103.16M 103.16M
Cash burn (monthly) 75.07M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 556.78M n/a n/a n/a n/a n/a
Cash remaining -453.61M n/a n/a n/a n/a n/a
Runway (months of cash) -6.0 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Denien Mark A Common Stock Sell Dispose S Yes No 62.13 9,652 599.68K 0
3 Aug 22 Denien Mark A Common Stock Sell Dispose S No No 62.13 140,000 8.7M 0
1 Aug 22 Denien Mark A Common Stock Conversion Acquire C No No 0 140,000 0 140,000
1 Aug 22 Denien Mark A Units Common Stock Conversion Dispose C No No 0 140,000 0 85,254
1 Jul 22 Jenkins Norman K. Phantom Stock Units Common Stock Grant Acquire A No No 54.95 455 25K 32,514
1 Jul 22 Kelly T Killingsworth Phantom Stock Units Common Stock Grant Acquire A No No 54.95 455 25K 2,332
1 Jul 22 Stockert David P Common Stock Grant Acquire A No No 54.95 455 25K 45,021
1 Jul 22 Warren M Thompson Common Stock Grant Acquire A No No 54.95 455 25K 16,552
13F holders Current Prev Q Change
Total holders 301 295 +2.0%
Opened positions 56 47 +19.1%
Closed positions 50 26 +92.3%
Increased positions 108 123 -12.2%
Reduced positions 102 82 +24.4%
13F shares Current Prev Q Change
Total value 4.37B 4.52B -3.2%
Total shares 158.98M 142.6M +11.5%
Total puts 37.1K 20K +85.5%
Total calls 49.1K 12.2K +302.5%
Total put/call ratio 0.8 1.6 -53.9%
Largest owners Shares Value Change
Vanguard 22.21M $610.25M +2.7%
BLK Blackrock 20.99M $576.73M -3.9%
STT State Street 8.78M $241.4M +11.0%
Nuance Investments 7.45M $204.82M +55.7%
PFG Principal Financial Group Inc - Registered Shares 5.91M $162.32M -49.6%
IVZ Invesco 5.77M $158.5M +479.6%
Fuller & Thaler Asset Management 4.11M $113.05M NEW
GS Goldman Sachs 3.56M $97.91M -6.5%
Canada Pension Plan Investment Board 3.42M $94.02M -1.9%
BK Bank Of New York Mellon 3.24M $89.17M -1.8%
Largest transactions Shares Bought/sold Change
PFG Principal Financial Group Inc - Registered Shares 5.91M -5.81M -49.6%
IVZ Invesco 5.77M +4.77M +479.6%
Fuller & Thaler Asset Management 4.11M +4.11M NEW
TROW T. Rowe Price 1.59M -3.3M -67.5%
Channing Capital Management 2.87M +2.87M NEW
Ceredex Value Advisors 2.78M +2.78M NEW
Nuance Investments 7.45M +2.67M +55.7%
Norges Bank 0 -2.44M EXIT
BEN Franklin Resources 458.45K -2.24M -83.0%
Zimmer Partners 2.45M +2.18M +790.9%

Financial report summary

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Risks
  • The full effects of the COVID-19 pandemic are highly uncertain and cannot be predicted.
  • Our use of debt financing could have a material adverse effect on our financial condition.
  • Debt financing may not be available and equity issuances could be dilutive to our shareholders and unitholders.
  • Financial and other covenants under existing credit agreements could limit our flexibility and adversely affect our financial condition.
  • Downgrades in our credit ratings could increase our borrowing costs or reduce our access to funding sources in the credit and capital markets.
  • If we are unable to generate sufficient capital and liquidity, then we may be unable to pursue future development projects and other strategic initiatives.
  • Our use of joint ventures may negatively impact our jointly-owned investments.
  • Our net earnings available for investment or distribution to shareholders and unitholders could decrease as a result of factors related to the ownership and operation of commercial real estate, many of which are outside of our control.
  • Many real estate costs are fixed, even if income from properties decreases.
  • Our real estate development activities are subject to risks particular to development.
  • We may be unsuccessful in operating completed real estate projects.
  • Our investments are concentrated in the industrial sector and our business would be adversely affected by an economic downturn in that sector.
  • We are exposed to the risks of defaults by tenants.
  • We may be unable to renew leases or relet space.
  • Our insurance coverage on our properties may be inadequate.
  • Our asset strategy may lead to long-term dilution.
  • Acquired properties may expose us to unknown liability.
  • We could be exposed to significant environmental liabilities as a result of conditions of which we currently are not aware.
  • We are exposed to the potential impacts of future climate change and climate-change related risks.
  • If the General Partner were to cease to qualify as a REIT, it would lose significant tax benefits.
  • REIT distribution requirements limit the amount of cash we have available for other business purposes, including amounts that we need to fund our future capital needs.
  • U.S. federal income tax treatment of REITs and investments in REITs may change in a manner that could adversely affect us or shareholders.
  • The General Partner's stock price and trading volume may be volatile, which could result in substantial losses to its shareholders and to the Partnership's unitholders, if and when they convert their Limited Partner Units to shares of the General Partner's common stock.
  • We are subject to certain provisions that could discourage change-of-control transactions, which may reduce the likelihood of the General Partner's shareholders receiving a control premium for their shares.
  • We are dependent on key personnel.

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