News Release FOR IMMEDIATE RELEASE DUKE REALTY REPORTS FIRST QUARTER 2020 RESULTS No Significant Debt Maturities until 2022 due to Significant Refinancing Transactions $117 Million in Fully Leased Development Starts 32.7 Percent Growth in Net Effective Rents on First Quarter Leasing Activity In Service Properties 96.5 Percent Leased 2020 Guidance Updated (INDIANAPOLIS, April 29, 2020) – Duke Realty Corporation (NYSE: DRE), the largest domestic-only logistics REIT, today reported results for the first quarter of 2020. Jim Connor, Chairman and Chief Executive Officer, said, “We closed the first quarter of 2020 in the midst of a global health crisis and an unprecedented economic downturn, which have fundamentally changed our outlook on 2020 compared to three months ago. That said, even after revising our 2020 guidance as the result of the COVID-19 pandemic, our midpoint guidance for Core FFO and AFFO still reflects an increase over 2019 results, which is impressive considering the unprecedented nature of current events and the fact that 2019 was a very strong year operationally. The effect of the pandemic on certain segments of our tenant base resulted in the need to increase collectability reserves for straight line receivables by $5 million, which equates to more than $0.01 per share. Even considering the impact of the pandemic, we still had a solid first quarter, with our total in-service portfolio being 96.5 percent leased at March 31, 2020. We also signed 4.0 million square feet of new leases during the quarter, including 850,000 square feet of short term leases. Our total leasing activity was 213,000 square feet higher than the first quarter of 2019. Thus far in April, we have executed an additional 1.9 million square feet of leases. We were successful in renewing or immediately backfilling 79.2 percent of our lease expirations during the first quarter. We have a low risk profile with only 5.0 percent of our total leases expiring for the remainder of 2020 and only 9.0 percent of our total leases set to expire in 2021.

The following information was filed by Textron Inc (TXT) on Thursday, April 30, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Textron Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Textron Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019) Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019) Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account