Duke Realty (DRE) Stock Price

Duke Realty Price

Delisted·Jan 6, 2023
48.20USD
Last traded price

Over the last 19 years Duke Realty grew revenue by 1.0% annually, reaching 1.11 B USD. Earnings per share have grown at 4.2% per year over the last 19 years. For Duke Realty, the net margin of 77.0% is down versus 208.8% a few years ago. At today's price the dividend yield works out to roughly 2.17%. The payout ratio is around 47% of earnings.

Duke Realty stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Duke Realty over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Duke Realty stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Duke Realty's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Duke Realty Stock Price History
DateDuke Realty Price
Access this data via the Eulerpool API

Duke Realty Revenue, FFO, Net Income

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  • Max

Revenue
FFO
Net Income
Details
Date
Revenue
FFO
Net Income
Jan 1, 2019
973.80 M USD
705.00 M USD
427.50 M USD
Jan 1, 2020
993.20 M USD
600.00 M USD
298.50 M USD
Jan 1, 2021
1.11 B USD
1.17 B USD
851.54 M USD
Jan 1, 2022 (e)
1.15 B USD
0.00 USD
501.57 M USD
Jan 1, 2023 (e)
1.27 B USD
0.00 USD
364.07 M USD
Jan 1, 2024 (e)
1.42 B USD
0.00 USD
402.80 M USD
Jan 1, 2025 (e)
1.51 B USD
0.00 USD
365.36 M USD
Jan 1, 2026 (e)
1.54 B USD
0.00 USD
334.72 M USD

Duke Realty Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 23, 2026, 9:45 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITM USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
SHARESM
201120122013201420152016201720182019202020212022e2023e2024e2025e2026e
1.211.050.971.050.790.730.780.950.970.991.111.151.271.421.511.54
2.03-13.49-7.378.06-24.28-7.836.8521.412.752.0611.283.8010.9011.875.831.99
40.8151.3957.0256.8860.9865.2166.2862.8366.1970.1970.5070.5070.5070.5070.5070.50
0.490.540.550.600.480.480.520.600.640.700.780.810.901.001.061.08
143.00142.00148.00192.00173.00201.00206.00223.00251.00278.00347.00376.00434.00403.00415.00433.00
11.8413.5915.2918.3621.8427.5326.4123.5525.8028.0031.4032.7834.1228.3227.5628.19
0.03-0.130.150.200.610.311.630.380.430.300.850.500.360.400.370.33
-275.00-560.71-216.2834.67202.97-49.51427.51-76.5611.78-30.21185.57-41.13-27.3510.44-9.20-8.49
1.05
252.70267.90326.70340.40352.20357.10362.00363.30367.30374.20383.48383.48383.48383.48383.48383.48
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Duke Realty generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Duke Realty retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Duke Realty's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Duke Realty has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Duke Realty's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Duke Realty stock margins

The Duke Realty margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Duke Realty. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Duke Realty.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
66.32 %
26.50 %
208.80 %
Jan 1, 2018
62.83 %
23.60 %
40.31 %
Jan 1, 2019
66.20 %
25.81 %
43.90 %
Jan 1, 2020
70.18 %
27.99 %
30.05 %
Jan 1, 2021
70.45 %
31.41 %
77.00 %
Jan 1, 2022 (e)
70.45 %
32.80 %
43.73 %
Jan 1, 2023 (e)
70.45 %
34.13 %
28.60 %
Jan 1, 2024 (e)
70.45 %
28.34 %
28.31 %

Duke Realty Stock Revenue, EBIT, Earnings per Share

The Duke Realty earnings per share therefore indicates how much revenue Duke Realty has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
2.16 USD
0.57 USD
4.50 USD
Jan 1, 2018
2.61 USD
0.62 USD
1.05 USD
Jan 1, 2019
2.65 USD
0.68 USD
1.16 USD
Jan 1, 2020
2.65 USD
0.74 USD
0.80 USD
Jan 1, 2021
2.88 USD
0.91 USD
2.22 USD
Jan 1, 2022 (e)
2.99 USD
0.98 USD
1.31 USD
Jan 1, 2023 (e)
3.32 USD
1.13 USD
0.95 USD
Jan 1, 2024 (e)
3.71 USD
1.05 USD
1.05 USD

Duke Realty business model & stock analysis

Duke Realty Corp is a leading real estate developer and manager based in Indianapolis, Indiana. The company has a long history and a successful past.

Duke Realty SWOT Analysis

Strengths

1. Established Reputation: Duke Realty Corp has built a strong reputation in the real estate industry, known for its reliable and high-quality properties.

2. Diversified Portfolio: The company owns and manages a diversified portfolio of properties across different sectors, including industrial, office, and healthcare, reducing its reliance on any single industry.

3. Strong Financial Position: Duke Realty Corp has a solid financial position with a high credit rating and access to capital, allowing for strategic investments and expansion.

Weaknesses

1. Geographic Concentration: Duke Realty Corp's properties are primarily located in a few key markets, making it vulnerable to regional economic fluctuations and regulatory changes.

2. Tenant Dependency: The company's revenue heavily relies on long-term lease agreements with tenants, making it susceptible to disruptions in the leasing market and potential tenant defaults.

3. Limited International Presence: Duke Realty Corp has limited international exposure, missing out on potential growth opportunities in global markets.

Opportunities

1. Economic Growth: The overall economic growth can lead to increased demand for commercial real estate, allowing Duke Realty Corp to further expand its property portfolio.

2. Technological Advancements: Embracing new technologies such as smart building systems and sustainable practices can enhance the attractiveness of Duke Realty Corp's properties, attracting more tenants.

3. E-commerce Boom: The rising popularity of e-commerce creates significant demand for distribution centers and warehouses, a segment in which Duke Realty Corp specializes and can capitalize on.

Threats

1. Market Competition: Duke Realty Corp operates in a highly competitive real estate market, facing competition from rival developers, REITs, and other players vying for prime properties and tenants.

2. Economic Uncertainty: Fluctuations in the economy, interest rates, and government policies can impact the real estate market, potentially affecting Duke Realty Corp's occupancy rates and rental income.

3. Environmental Regulations: Increasing focus on sustainability and environmental regulations can impose additional costs and restrictions on Duke Realty Corp's development and management processes.

Duke Realty Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Duke Realty historical P/E ratio, EBIT multiple, and P/S ratio

Duke Realty annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Duke Realty shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
362.00 M Stocks
Jan 1, 2018
363.30 M Stocks
Jan 1, 2019
367.30 M Stocks
Jan 1, 2020
374.20 M Stocks
Jan 1, 2021
383.48 M Stocks
Jan 1, 2022 (e)
383.48 M Stocks
Jan 1, 2023 (e)
383.48 M Stocks
Jan 1, 2024 (e)
383.48 M Stocks

Duke Realty stock splits

In Duke Realty's history, there have been no stock splits.

Duke Realty Dividend History

23 years of dividend payments

YearAnnual DividendYoY ChangePayments
20220.56USD 46.4%
20211.05USD 8.9%
20200.96USD 9.1%
20190.88USD 8.0%
20180.82USD 55.0%
20171.81USD 147.9%
20160.73USD 2.8%
20150.71USD 4.4%
20140.68USD 0.0%
20130.68USD 0.0%

Duke Realty dividend payout ratio

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FFO payout ratio
Details
Date
FFO payout ratio
Jan 1, 2017
0.00 %
Jan 1, 2018
46.01 %
Jan 1, 2019
45.85 %
Jan 1, 2020
59.87 %
Jan 1, 2021
34.35 %
Jan 1, 2022 (e)
0.00 %
Jan 1, 2023 (e)
0.00 %
Jan 1, 2024 (e)
0.00 %
Price targets and forecasts for Duke Realty are not yet available.

Duke Realty Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
7/25/20230.25USD315.68 MUSD2023 Q2
4/25/20230.20USD313.97 MUSD2023 Q1
1/24/20230.25USD299.04 MUSD2022 Q4
11/29/20220.22USD289.87 MUSD2022 Q3
11/22/20220.22USD289.87 MUSD2022 Q3
7/27/20220.21USD280.32 MUSD2022 Q2
4/27/20220.19USD272.27 MUSD2022 Q1
1/26/20220.20USD270.54 MUSD2021 Q4
10/27/20210.21USD264.03 MUSD2021 Q3
7/28/20210.19USD265.07 MUSD2021 Q2
...

Duke Realty shareholder structure

% Name
16.32398%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
12.21800%
Cohen & Steers Capital Management, Inc.
Cohen & Steers Capital Management, Inc.
6.64835%
State Street Global Advisors (US)
State Street Global Advisors (US)
6.49182%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.75862%
Daiwa Asset Management Co., Ltd.
Daiwa Asset Management Co., Ltd.
2.19525%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
...

Duke Realty Executives and Management Board

JC

Mr. James Connor

(63)

Chairman of the Board, Chief Executive Officer · since 1998

Compensation9.49 M USD
MD

Mr. Mark Denien

(54)

Chief Financial Officer, Executive Vice President

Compensation3.81 M USD
SS

Mr. Steven Schnur

(48)

Chief Operating Officer, Executive Vice President

Compensation3.20 M USD
NA

Mr. Nicholas Anthony

(56)

Executive Vice President, Chief Investment Officer

Compensation2.91 M USD
AD

Ms. Ann Dee

(63)

Executive Vice President, General Counsel, Corporate Secretary

Compensation2.78 M USD

Duke Realty Supply Chain

Duke Realty Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
15 companies
#Name1M3M6M1Y2YTrend
1
-0.38
0.22
0.90
0.95
0.94
2
-0.78
0.36
0.77
0.87
0.93
3
-0.09
0.50
0.35
0.89
0.92
4
0.18
0.65
0.58
0.80
0.90
5
0.75
-0.43
0.19
0.80
0.88
#Name1M3M6M1Y2YTrend
1
0.90
0.71
0.15
-0.11
-0.11
2
0.49
-0.34
-0.74
-0.82
-0.08
3
0.04
-0.55
-0.63
0.40
0.07

Frequently asked questions about Duke Realty

Duke Realty Corp is a real estate investment trust (REIT) that specializes in the ownership, management, and development of industrial properties. With a focus on e-commerce, logistics, and distribution facilities, Duke Realty Corp leverages its expertise to provide state-of-the-art spaces for tenants. Their business model revolves around acquiring strategically located properties and developing or repositioning them to meet the evolving needs of modern businesses. Duke Realty Corp aims to deliver superior value to investors by maintaining a high-quality portfolio, fostering long-term tenant relationships, and capitalizing on market demand for well-positioned industrial assets. Their commitment to innovation and sustainable practices further enhances their standing in the industry.

All fundamentals and in-depth analysis of Duke Realty

Our stock analysis for Duke Realty stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Duke Realty. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.