Duke Realty (DRE) Revises Guidance for Full Year 2020 Development Starts

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Go back to Duke Realty (DRE) Revises Guidance for Full Year 2020 Development Starts

Duke Realty Announces Significant 4th Quarter Development Transactions and Revises Guidance for Full Year 2020 Development Starts

December 7, 2020 6:45 AM EST

INDIANAPOLIS, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE, or the Company), the largest domestic-only logistics REIT, today announced significant development transactions since the start of the fourth quarter 2020. As a result of this transaction activity, the Company has increased its full year guidance for 2020 development starts to a range of $775 to $850 million from the previous range of $650 to $800 million.

Executed two (2) leases in speculative development projects in the under construction pipeline, with scheduled project delivery dates not until the second quarter of 2021. The following lease activity raises the pre-leasing... More