Duke Realty Corp. Q1 adjusted earnings Beat Estimates

Duke Realty Corp. (DRE) released a profit for first quarter that decreased from last year.

The company's bottom line came in at $19.46 million, or $0.05 per share. This compares with $44.55 million, or $0.12 per share, in last year's first quarter.

Excluding items, Duke Realty Corp. reported adjusted earnings of $123.93 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.6% to $226.37 million from $264.93 million last year.

Duke Realty Corp. earnings at a glance:

-Earnings (Q1): $123.93 Mln. vs. $120.33 Mln. last year.
-EPS (Q1): $0.33 vs. $0.33 last year.
-Analysts Estimate: $0.10
-Revenue (Q1): $226.37 Mln vs. $264.93 Mln last year.

Full year EPS guidance: $1.41 to $1.51

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