Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets. More Details
Established dividend payer with mediocre balance sheet.
Share Price & News
How has Duke Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
1 Year Return
Return vs Industry: DRE exceeded the US REITs industry which returned 30.2% over the past year.
Return vs Market: DRE underperformed the US Market which returned 39% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Duke Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHas Duke Realty Corporation's (NYSE:DRE) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
2 months ago | Simply Wall StMost Shareholders Will Probably Find That The CEO Compensation For Duke Realty Corporation (NYSE:DRE) Is Reasonable
3 months ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In Duke Realty Corporation (NYSE:DRE)
Is Duke Realty undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DRE ($48.75) is trading below our estimate of fair value ($54.84)
Significantly Below Fair Value: DRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DRE is poor value based on its PE Ratio (50.5x) compared to the US REITs industry average (47.1x).
PE vs Market: DRE is poor value based on its PE Ratio (50.5x) compared to the US market (19.2x).
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 (3.5x) compared to the US REITs industry average (1.9x).
How is Duke Realty forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
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 (-3.5% per year).
Earnings vs Market: DRE's earnings are forecast to decline over the next 3 years (-3.5% per year).
High Growth Earnings: DRE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DRE's revenue (6.9% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: DRE's revenue (6.9% 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 (5.6%).
How has Duke Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DRE has a large one-off gain of $150.1M impacting its March 31 2021 financial results.
Growing Profit Margin: DRE's current net profit margins (33.5%) are lower than last year (42.5%).
Past Earnings Growth Analysis
Earnings Trend: DRE's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: DRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DRE had negative earnings growth (-10.9%) over the past year, making it difficult to compare to the REITs industry average (-10.7%).
Return on Equity
High ROE: DRE's Return on Equity (6.9%) is considered low.
How is Duke Realty's financial position?
Financial Position Analysis
Short Term Liabilities: DRE's short term assets ($228.6M) exceed its short term liabilities ($197.3M).
Long Term Liabilities: DRE's short term assets ($228.6M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: DRE's debt to equity ratio (67.1%) is considered high.
Reducing Debt: DRE's debt to equity ratio has reduced from 105.9% to 67.1% over the past 5 years.
Debt Coverage: DRE's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: DRE's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is Duke Realty current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DRE's dividend (2.09%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: DRE's dividend (2.09%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: DRE's dividends per share have been stable in the past 10 years.
Growing Dividend: DRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.6%), DRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DRE's dividends in 3 years are forecast to be covered by earnings (54.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Connor (61 yo)
Mr. James B. Connor, known as Jim, has been the Chief Executive Officer of Duke Realty Corporation, the General Partner of Duke Realty L.P. since January 1, 2016 and has been its Chairman of the Board sinc...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD7.84M) is below average for companies of similar size in the US market ($USD11.28M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Experienced Management: DRE's management team is seasoned and experienced (6.7 years average tenure).
Experienced Board: DRE's board of directors are considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Duke Realty Corporation's company bio, employee growth, exchange listings and data sources
- Name: Duke Realty Corporation
- Ticker: DRE
- Exchange: NYSE
- Founded: 1972
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$18.267b
- Market Cap: US$18.089b
- Shares outstanding: 378.68m
- Website: https://www.dukerealty.com
Number of Employees
- Duke Realty Corporation
- 8711 River Crossing Boulevard
- United States
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...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/23 04:16|
|End of Day Share Price||2021/06/22 00:00|
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.