Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Duke Realty Corp    DRE

DUKE REALTY CORP (DRE)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Duke Realty Corp : Duke Realty Corporation Announces Closing of $250 Million 3.625% Senior Notes Due 2023

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/18/2013 | 09:59pm CET

(Indianapolis, March 15, 2013) - Duke Realty Corporation (NYSE: DRE), a leading industrial, office and medical office REIT, announced today that its operating partnership, Duke Realty Limited Partnership (the "Operating Partnership"), has closed on its previously announced public offering of $250 million aggregate principal amount of senior unsecured notes due 2023. The Operating Partnership intends to use the net proceeds to repay outstanding indebtedness with near-term maturities and for other general corporate purposes.

"We are extremely pleased with the execution of the offering as it will allow us to refinance near term maturities at a significantly lower cost and extend our debt maturities ladder.  The order book had over $1.3 billion of demand and the coupon represents the lowest in our  company's history for a bond with a 10 year term," said Christie Kelly, Executive Vice President and Chief Financial Officer, "We'd also like to extend a sincere thank you to our broad base of fixed income investors."

Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, acted as joint book-running managers.  Credit Suisse Securities (USA) LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., Regions Securities LLC, SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc. acted as co-managers.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. 

About Duke Realty Corporation

Duke Realty Corporation owns and operates more than 145.6 million rentable square feet of industrial and office space in 18 U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. Duke Realty Corporation maintains a website at www.dukerealty.com.

Cautionary Notice Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts, including, among others, statements regarding the company's current views and estimates of future financial position or results, future dividends, offering results, use of proceeds and future performance, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the company, members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," or similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the company's abilities to control or predict. Such factors include, but are not limited to, (i) general adverse economic and local real estate conditions; (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business; (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms, if at all; (iv) the company's ability to raise capital by selling its assets; (v) changes in governmental laws and regulations; (vi) the level and volatility of interest rates and foreign currency exchange rates; (vii) valuation of joint venture investments, (viii) valuation of marketable securities and other investments; (ix) valuation of real estate; (x) increases in operating costs; (xi) changes in the dividend policy for the company's common stock; (xii) the reduction in the company's income in the event of multiple lease terminations by tenants; (xiii) impairment charges, (xiv) the effects of geopolitical instability and risks such as terrorist attacks; (xv) the effects of weather and natural disasters such as floods, droughts, wind, tornados and hurricanes; and (xvi) the effect of any damage to our reputation resulting from developments relating to any of items (i) - (ix). Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's filings with the Securities and Exchange Commission. The company refers you to the section entitled "Risk Factors" contained in the company's Annual Report on Form 10-K for the year ended December 31, 2012. Copies of each filing may be obtained from the company or the Securities and Exchange Commission.

The risks included here are not exhaustive and undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to the company, its management, or persons acting on their behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law.

Contact Information:

Ron Hubbard

VP, Investor Relations

317.808.6060


HUG#1685798


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DUKE REALTY CORP
11/21 Duke Realty Declares Special Cash Dividend of $0.85 per Share
11/21 DUKE REALTY : Preleases new 201,207 sf warehouse in lynwood
11/16 DUKE REALTY CORP : Earnings Review and Free Research Report: Duke Realty’s Reven..
11/15 DUKE REALTY CORP : ex-dividend day
11/14 DUKE REALTY CORP : Regulation FD Disclosure, Financial Statements and Exhibits (..
11/07 DUKE REALTY CORP : Completion of Acquisition or Disposition of Assets (form 8-K)
11/07 DUKE REALTY : Bridge announces 4.2M sq. ft. sale to Duke Realty
10/31 DUKE REALTY : David Stockert, Former CEO of Post Properties, Joins Duke Realty B..
10/30 David Stockert, Former CEO of Post Properties, Joins Duke Realty Board of Dir..
10/28 DUKE REALTY : Board of Directors Adopts Proxy Access and a Board Diversity Polic..
More news
News from SeekingAlpha
11/21 Duke Realty declares $0.85 dividend
11/14 Duke Realty goes ex-dividend tomorrow
10/30 Heard On The REITs - Earnings Highlights For Week Ending October 27th, 2017
10/29 Duke Realty's (DRE) CEO James Connor on Q3 2017 Results - Earnings Call Trans..
10/25 Duke Realty beats by $0.01, beats on revenue
Financials ($)
Sales 2017 730 M
EBIT 2017 210 M
Net income 2017 1 468 M
Debt 2017 2 183 M
Yield 2017 4,71%
P/E ratio 2017 7,46
P/E ratio 2018 74,45
EV / Sales 2017 17,3x
EV / Sales 2018 17,0x
Capitalization 10 406 M
Chart DUKE REALTY CORP
Duration : Period :
Duke Realty Corp Technical Analysis Chart | DRE | US2644115055 | 4-Traders
Technical analysis trends DUKE REALTY CORP
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 30,1 $
Spread / Average Target 2,9%
EPS Revisions
Managers
NameTitle
James B. Connor Chairman, President & Chief Executive Officer
Mark A. Denien Chief Financial Officer & Executive Vice President
Paul R. Quinn Chief Information & Strategic Execution Officer
Ngaire E. Cuneo Independent Director
Jack R. Shaw Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DUKE REALTY CORP10.02%10 406
PROLOGIS INC26.71%35 862
GOODMAN GROUP21.32%11 796
DCT INDUSTRIAL TRUST INC27.55%5 717
GRAMERCY PROPERTY TRUST6.06%4 693
FIRST INDUSTRIAL REALTY TRUST, INC.17.01%3 933