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 14% YoY
DRE's equity is up by 8% YoY
Duke Realty's net income has soared by 60% YoY but it has decreased by 8% from the previous quarter
The EPS has soared by 55% YoY but it has contracted by 8% from the previous quarter
DRE's P/E is 59% above its 5-year quarterly average of 22.8 and 17% above its last 4 quarters average of 31.0
DRE's revenue is down by 7% year-on-year
Key stats
What are the main financial stats of DRE
Market
Shares outstanding
370.56M
Market cap
$13.54B
Enterprise value
$16.59B
Valuations
Price to earnings (P/E)
36.18
Price to book (P/B)
2.7
Price to sales (P/S)
14.39
EV/EBIT
35.7
EV/EBITDA
22.14
EV/Sales
17.71
Earnings
Revenue
$936.68M
EBIT
$464.57M
EBITDA
$749.03M
Free cash flow
-$125.15M
Per share
EPS
$1.01
Free cash flow per share
-$0.34
Book value per share
$13.54
Revenue per share
$2.54
TBVPS
$23.23
Balance sheet
Total assets
$8.57B
Total liabilities
$3.51B
Debt
$3.08B
Equity
$4.99B
Working capital
N/A
Liquidity
Debt to equity
0.62
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.07
Margins
EBITDA margin
80%
Gross margin
71.7%
Net margin
39.8%
Operating margin
50.4%
Efficiency
Return on assets
4.4%
Return on equity
7.5%
Return on invested capital
4.1%
Return on capital employed
N/A
Return on sales
49.6%
Dividend
Dividend yield
2.57%
DPS
$0.94
Payout ratio
93.1%
DRE stock price
How has the Duke Realty stock price performed over time
Financial performance
How have Duke Realty's revenue and profit performed over time
Revenue
$936.68M
Gross profit
$672.01M
Operating income
$471.65M
Net income
$372.64M
Gross margin
71.7%
Net margin
39.8%
The operating margin has soared by 73% YoY but it has contracted by 4.4% from the previous quarter
Duke Realty's net margin has soared by 72% YoY but it has decreased by 8% from the previous quarter
DRE's operating income has soared by 61% YoY but it is down by 4.3% QoQ
Duke Realty's net income has soared by 60% YoY but it has decreased by 8% from the previous quarter
Growth
What is Duke Realty's growth rate over time
Valuation
What is Duke Realty stock price valuation
P/E
36.18
P/B
2.7
P/S
14.39
EV/EBIT
35.7
EV/EBITDA
22.14
EV/Sales
17.71
DRE's P/E is 59% above its 5-year quarterly average of 22.8 and 17% above its last 4 quarters average of 31.0
The EPS has soared by 55% YoY but it has contracted by 8% from the previous quarter
DRE's price to book (P/B) is 13% higher than its 5-year quarterly average of 2.4 and 8% higher than its last 4 quarters average of 2.5
DRE's equity is up by 8% YoY
The P/S is 21% higher than the 5-year quarterly average of 11.9 and 12% higher than the last 4 quarters average of 12.9
DRE's revenue is down by 7% year-on-year
Efficiency
How efficient is Duke Realty business performance
The ROS has soared by 52% YoY but it has contracted by 8% from the previous quarter
Duke Realty's return on assets has surged by 52% YoY but it has decreased by 10% QoQ
The ROE has soared by 50% YoY but it has contracted by 10% from the previous quarter
The ROIC has increased by 32% YoY but it has decreased by 9% from the previous quarter
Dividends
What is DRE's dividend history
DPS
$0.94
Dividend yield
2.57%
Payout ratio
93.1%
Recent dividends
Financial health
How did Duke Realty financials performed over time
The company's total assets is 144% higher than its total liabilities
Duke Realty's debt is 38% less than its equity
Duke Realty's debt has increased by 8% YoY but it has decreased by 2.3% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.