Duke Realty Corp. Q4 adjusted earnings Beat Estimates

Duke Realty Corp. (DRE) announced earnings for its fourth quarter that increased from last year.

The company's profit came in at $170.36 million, or $0.45 per share. This compares with $87.44 million, or $0.23 per share, in last year's fourth quarter.

Excluding items, Duke Realty Corp. reported adjusted earnings of $155.63 million or $0.41 per share for the period.

Analysts had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.5% to $266.29 million from $230.48 million last year.

Duke Realty Corp. earnings at a glance:

-Earnings (Q4): $155.63 Mln. vs. $140.56 Mln. last year.
-EPS (Q4): $0.41 vs. $0.38 last year.
-Analysts Estimate: $0.15
-Revenue (Q4): $266.29 Mln vs. $230.48 Mln last year.

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