WASHINGTON (dpa-AFX) - Duke Realty Corp. (DRE) Wednesday reported fourth-quarter funds from operations, or FFO, of $94.08 million or $0.28 per share, up from $71.97 million or $0.25 per share in the same period last year.
Core FFO for the quarter was $97.28 million or $0.29 per share. On average, 11 analysts polled by Thomson Reuters expected the company to report FFO of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
For the fourth quarter, the company recorded a profit of $69.57 million or $0.21 per share, compared to a loss of $33.04 million or $0.12 per share last year.
Revenues increased to $272.63 million from $252.65 million last year. Analysts expected revenues of $229.06 million.
Looking ahead to the fiscal year 2014, the company has forecast FFO in a range of $1.11 to $1.19 per share, with core AFFO in the order of $0.91 to $0.97 per share. Analysts currently expect full-year FFO of $1.08 per share.
Copyright RTT News/dpa-AFX
© 2014 AFX News
