Duke Realty (DRE) Reports Q1 EPS of $0.30, Raises FY 2018 Core FFO Guidance

Duke Realty (NYSE: DRE) reported Q1 Core FFO of $0.30, versus $0.32 reported last year.

GUIDANCE:

Duke Realty sees FY2018 Core FFO of $1.26-$1.32.

From the release (emphasis StreetInsider):

• The guidance for Core FFO was increased to a range of $1.26 to $1.32 per diluted share from the previous range of $1.24 to $1.30 per diluted share.
• The guidance for growth in AFFO, on a share adjusted basis, was increased to a range of 4.5 percent to 10.0 percent from the previous range of 2.7 percent to 8.2 percent.
• The estimate for average percent leased within the company's stabilized portfolio was increased to a range of 97.5 percent to 98.5 percent from the previous range of 97.1 percent to 98.1 percent.
• The estimate for average percent leased, for all of the company's in-service properties, was increased to a range of 96.0 percent to 97.0 percent from the previous range of 95.5 percent to 96.5 percent.
• The estimate for building dispositions was increased to a range of $350 million to $550 million from the previous range of $300 million to $500 million.
• The estimate for development starts was increased to a range of $650 million to $850 million from the previous range of $500 million to $700 million.
• Guidance for effective leverage was revised to a range of 33 percent to 29 percent from the previous range of 34 percent to 30 percent.
• Guidance for net debt to EBITDA was revised to a range of 5.3 times to 4.8 times from the previous range of 5.5 times to 5.0 times.

For earnings history and earnings-related data on Duke Realty (DRE) click here.

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Calamp Corp. (CAMP) Misses Q2 EPS by 33c
• Cheetah Net Supply Chain Service Inc. (CTNT) Reports Q2 EPS of $0.04