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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.