Duke Realty Corp. operates as a real estate development company, which specializes in the ownership, management and development of industrial and medical office properties. It offers property and asset management, leasing, construction and other tenant related services. Its diversified portfolio of rental properties encompass various business houses such as government services, manufacturing, retailing, wholesale trade, distribution, healthcare and professional services. The firm operates its business through the following segments: Industrial Properties, Medical Office Properties and Service Operations. The Industrial Properties segment offers warehousing facilities and light industrial buildings. The Service Operations segment provides 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. The company was founded by John Stoddard Rosebrough, Phillip R. Duke, and John W. Wynne in 1972 and is headquartered in Indianapolis, IN.
Highlights
Duke Realty's gross margin has increased by 12% YoY
The company's gross profit rose by 6% YoY
DRE's revenue is down by 6% year-on-year but it is up by 2.2% since the previous quarter
DRE's P/E is 160% above its 5-year quarterly average of 25.4 and 68% above its last 4 quarters average of 39.4
The EPS has contracted by 48% YoY and by 43% from the previous quarter
Key stats
What are the main financial stats of DRE
Market
Shares outstanding
371.95M
Market cap
$14.26B
Enterprise value
$17.4B
Valuations
Price to earnings (P/E)
66.1
Price to book (P/B)
2.83
Price to sales (P/S)
14.86
EV/EBIT
56.16
EV/EBITDA
29.01
EV/Sales
18.17
Earnings
Revenue
$957.38M
EBIT
$309.86M
EBITDA
$599.72M
Free cash flow
-$394.32M
Per share
EPS
$0.58
Free cash flow per share
-$1.06
Book value per share
$13.54
Revenue per share
$2.58
TBVPS
$23.56
Balance sheet
Total assets
$8.74B
Total liabilities
$3.65B
Debt
$3.15B
Equity
$5.02B
Working capital
N/A
Liquidity
Debt to equity
0.63
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
5.24
Margins
EBITDA margin
62.6%
Gross margin
71.6%
Net margin
22.8%
Operating margin
32.9%
Efficiency
Return on assets
2.5%
Return on equity
4.4%
Return on invested capital
2.7%
Return on capital employed
N/A
Return on sales
32.4%
Dividend
Dividend yield
2.5%
DPS
$0.96
Payout ratio
165.5%
DRE stock price
How has the Duke Realty stock price performed over time
Intraday
0.74%
1 week
0.95%
1 month
0.92%
1 year
8.98%
YTD
10.59%
QTD
3.9%
Financial performance
How have Duke Realty's revenue and profit performed over time
Revenue
$957.38M
Gross profit
$685.38M
Operating income
$314.6M
Net income
$217.9M
Gross margin
71.6%
Net margin
22.8%
Duke Realty's net income has decreased by 46% YoY and by 42% from the previous quarter
Duke Realty's net margin has decreased by 43% YoY and by 43% from the previous quarter
The operating margin has contracted by 35% from the previous quarter and by 30% YoY
DRE's operating income is down by 34% YoY and by 33% QoQ
Growth
What is Duke Realty's growth rate over time
Valuation
What is Duke Realty stock price valuation
P/E
66.1
P/B
2.83
P/S
14.86
EV/EBIT
56.16
EV/EBITDA
29.01
EV/Sales
18.17
DRE's P/E is 160% above its 5-year quarterly average of 25.4 and 68% above its last 4 quarters average of 39.4
The EPS has contracted by 48% YoY and by 43% from the previous quarter
DRE's price to book (P/B) is 18% higher than its 5-year quarterly average of 2.4 and 9% higher than its last 4 quarters average of 2.6
The P/S is 21% higher than the 5-year quarterly average of 12.3 and 10% higher than the last 4 quarters average of 13.5
DRE's revenue is down by 6% year-on-year but it is up by 2.2% since the previous quarter
Efficiency
How efficient is Duke Realty business performance
Duke Realty's return on assets has shrunk by 51% YoY and by 43% QoQ
The ROE has contracted by 49% YoY and by 41% from the previous quarter
The ROIC has decreased by 43% YoY and by 34% from the previous quarter
The ROS has contracted by 35% from the previous quarter and by 35% YoY
Dividends
What is DRE's dividend history
DPS
$0.96
Dividend yield
2.5%
Payout ratio
165.5%
Recent dividends
Financial health
How did Duke Realty financials performed over time
The company's total assets is 139% higher than its total liabilities
The total liabilities has grown by 13% YoY and by 4.1% from the previous quarter
The company's total assets rose by 6% YoY and by 2.1% QoQ
Duke Realty's debt is 37% less than its equity
Duke Realty's debt has increased by 14% YoY and by 2.3% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.