company background image
DRE

Duke RealtyNYSE:DRE Stock Report

Market Cap

US$18.7b

7D

-2.1%

1Y

30.2%

Updated

27 Sep, 2021

Data

Company Financials +
DRE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends5/6

DRE Overview

Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets.

Duke Realty Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Duke Realty
Historical stock prices
Current Share PriceUS$48.07
52 Week HighUS$36.47
52 Week LowUS$53.73
Beta0.53
1 Month Change-4.98%
3 Month Change0.48%
1 Year Change30.17%
3 Year Change71.31%
5 Year Change79.23%
Change since IPO369.54%

Recent News & Updates

Aug 03

Duke Realty: There's Risk Of Paying More Than It's Worth

Duke Realty continues to fare well and investors have responded by pushing shares of the business higher. At present, though, the price being asked by the market in exchange for shares is not a low one. For some investors, this will be worth the wait in order to see a strong return, but for many others it won't be.

Jul 30
I Ran A Stock Scan For Earnings Growth And Duke Realty (NYSE:DRE) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Duke Realty (NYSE:DRE) Passed With Ease

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

DREUS REITsUS Market
7D-2.1%-0.9%0.1%
1Y30.2%34.7%35.3%

Return vs Industry: DRE matched the US REITs industry which returned 34.7% over the past year.

Return vs Market: DRE matched the US Market which returned 35.3% over the past year.

Price Volatility

Is DRE's price volatile compared to industry and market?
DRE volatility
DRE Beta0.53
Industry Beta0.83
Market Beta1

Stable Share Price: DRE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: DRE's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1972350Jim Connorhttps://www.dukerealty.com

Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500 Index.

Duke Realty Fundamentals Summary

How do Duke Realty's earnings and revenue compare to its market cap?
DRE fundamental statistics
Market CapUS$18.67b
Earnings (TTM)US$494.31m
Revenue (TTM)US$1.10b

37.2x

P/E Ratio

16.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRE income statement (TTM)
RevenueUS$1.10b
Cost of RevenueUS$329.76m
Gross ProfitUS$772.17m
ExpensesUS$277.87m
EarningsUS$494.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.29
Gross Margin70.07%
Net Profit Margin44.86%
Debt/Equity Ratio67.3%

How did DRE perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

62%

Payout Ratio

Valuation

Is Duke Realty undervalued compared to its fair value and its price relative to the market?

23.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DRE ($48.85) is trading below our estimate of fair value ($63.21)

Significantly Below Fair Value: DRE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DRE is good value based on its PE Ratio (37.8x) compared to the US REITs industry average (50.1x).

PE vs Market: DRE is poor value based on its PE Ratio (37.8x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: DRE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DRE is overvalued based on its PB Ratio (3.4x) compared to the US REITs industry average (2x).


Future Growth

How is Duke Realty forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRE's earnings are forecast to decline over the next 3 years (-1.8% per year).

Earnings vs Market: DRE's earnings are forecast to decline over the next 3 years (-1.8% per year).

High Growth Earnings: DRE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DRE's revenue (8.1% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: DRE's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DRE's Return on Equity is forecast to be low in 3 years time (6.6%).


Past Performance

How has Duke Realty performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRE has a large one-off gain of $269.6M impacting its June 30 2021 financial results.

Growing Profit Margin: DRE's current net profit margins (44.9%) are higher than last year (39.1%).


Past Earnings Growth Analysis

Earnings Trend: DRE's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: DRE's earnings growth over the past year (33.3%) exceeds its 5-year average (7.2% per year).

Earnings vs Industry: DRE earnings growth over the past year (33.3%) exceeded the REITs industry 3.9%.


Return on Equity

High ROE: DRE's Return on Equity (9.1%) is considered low.


Financial Health

How is Duke Realty's financial position?


Financial Position Analysis

Short Term Liabilities: DRE's short term assets ($715.3M) exceed its short term liabilities ($253.7M).

Long Term Liabilities: DRE's short term assets ($715.3M) do not cover its long term liabilities ($4.1B).


Debt to Equity History and Analysis

Debt Level: DRE's debt to equity ratio (67.3%) is considered high.

Reducing Debt: DRE's debt to equity ratio has reduced from 95.6% to 67.3% over the past 5 years.

Debt Coverage: DRE's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: DRE's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

What is Duke Realty current dividend yield, its reliability and sustainability?

2.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DRE's dividend (2.09%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: DRE's dividend (2.09%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: DRE's dividends per share have been stable in the past 10 years.

Growing Dividend: DRE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62%), DRE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DRE's dividends in 3 years are forecast to be covered by earnings (58.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

Jim Connor (62 yo)

5.67yrs

Tenure

US$7,841,501

Compensation

Mr. James B. Connor, known as Jim, has been the Chief Executive Officer of Duke Realty Corporation, the General Partner of Duke Realty L.P. since January 1, 2016 and has been its Chairman of the Board sinc...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD7.84M) is below average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DRE's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: DRE's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DRE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

Duke Realty Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Duke Realty Corporation
  • Ticker: DRE
  • Exchange: NYSE
  • Founded: 1972
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Implied Market Cap: US$18.666b
  • Market Cap: US$18.482b
  • Shares outstanding: 382.10m
  • Website: https://www.dukerealty.com

Number of Employees


Location

  • Duke Realty Corporation
  • 8711 River Crossing Boulevard
  • Indianapolis
  • Indiana
  • 46240
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:07
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.