Duke Realty Corp. (DRE) reported a fourth-quarter net loss attributable to shareholders of $3.03 million compared to profit of $20.13 million last year. Loss per share was $0.02 compared to profit of $0.13 per share a year ago.
FFO per share decreased to $0.33 from $0.70 a year ago. Recurring FFO per share decreased to $0.31 from $0.67 last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues were $340.20 million compared to $382.60 million last year. Analysts expected revenue of $221.67 million for the quarter.
The company expects recurring FFO for 2010 to be in the range of $0.95-$1.15 per share.
The company's board of directors declared a quarterly cash dividend on the company's common stock of $0.17 per share, or $0.68 per share on an annualized basis. The fourth quarter dividend will be payable February 26, 2010, to shareholders of record as of February 12, 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.