Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Delayed Quote. Delayed  - 09/27 03:43:50 pm
27.72 USD   --.--%
09/26 DUKE REALTY : Paramount Transportation Leases Duke Realty’s Tr..
09/23 DUKE REALTY : Purchases 23 prime acres in la mirada, ca
09/20 DUKE REALTY : Purchases 23 Prime Acres in La Mirada, CA
News SummaryMost relevantAll newsSector news 

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
03/18/2013 | 09:59pm CEST

(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



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DUKE REALTY CORP
09/26 DUKE REALTY : Paramount Transportation Leases Duke Realty’s TransDulles Ce..
09/23 DUKE REALTY : Purchases 23 prime acres in la mirada, ca
09/20 DUKE REALTY : Purchases 23 Prime Acres in La Mirada, CA
09/15 DUKE REALTY : to Develop 1.4 Million SF Build-to-Suit Distribution Facility for ..
09/13 DUKE REALTY CORP : Regulation FD Disclosure, Financial Statements and Exhibits (..
09/02 DUKE REALTY : S healthcare group ramps up on west coast with addition of david c..
08/31 DUKE REALTY : Healthcare Group Ramps up on West Coast with Addition of David Chu..
08/18 DUKE REALTY : Sam abusaad joins duke realty as leasing representative in dallas
08/16 DUKE REALTY : Sam Abusaad Joins Duke Realty as Leasing Representative in Dallas
08/16 DUKE REALTY : Begins Construction on 400,935 SF Cross-dock Industrial Facility i..
More news
Sector news : Industrial REITs
12:06pDJMall Owners Go on Defensive to Rescue Aé ropostale
11:45aDJSIMON PROPERTY : Mall Owners Go on Defensive to Rescue Aéropostale
09/20DJBlackstone Bets Big on Logistics
09/13DJSIMON PROPERTY : Aéropostale Creditors' Deal Will Keep 229 Stores Open -- WSJ
09/13DJGlobal Logistic Properties to Buy U.S. Warehouse Portfolio for $1.1 Billion
More sector news : Industrial REITs
News from SeekingAlpha
09/15 Duke Realty to develop build-to-suit distribution facility
09/08 AMAZON IS GROWING LIKE A WEED : Cash In On REIT Landlords - Fall 2016 Update
08/30 REIT RANKINGS : Industrial
08/25 More new REIT coverage at BTIG
08/01 THE A-TEAM : Review Of July 2016
Financials ($)
Sales 2016 804 M
EBIT 2016 236 M
Net income 2016 193 M
Debt 2016 2 806 M
Yield 2016 2,62%
P/E ratio 2016 54,09
P/E ratio 2017 87,31
EV / Sales 2016 15,6x
EV / Sales 2017 15,5x
Capitalization 9 723 M
More Financials
Duration : Period :
Duke Realty Corp Technical Analysis Chart | DRE | US2644115055 | 4-Traders
Full-screen chart
Technical analysis trends DUKE REALTY CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 28,4 $
Spread / Average Target 2,4%
Consensus details
EPS Revisions
More Estimates Revisions
James B. Connor President, Chief Executive Officer & Director
Dennis D. Oklak Executive Chairman
Mark A. Denien Chief Financial Officer & Executive Vice President
Paul R. Quinn Chief Information & Strategic Execution Officer
Ngaire E. Cuneo Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PROLOGIS INC26.61%28 635
GOODMAN GROUP14.83%9 997
GLP J-REIT13.48%3 724
More Results