Duke Realty Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Duke Realty Corporation (DRE) reported second-quarter income from continuing operations of $133.90 million or $0.37 per share, compared to a loss of $13.95 million or $0.07 per share, prior year. Core funds from operations was $103 million, or $0.30 per share, for the quarter. Funds from operations was also $103 million, or $0.30 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $303.03 million from $266.10 million, prior year. Analysts expected revneue of $235.85 million for the quarter.

The company revised its previous core FFO guidance for 2014 to a range of $1.15 to $1.19 per share, compared to previous guidance of $1.12 to $1.18 per share. The guidance for AFFO per share was revised from a range of $0.91 to $0.97 per share to a range of $0.93 to $0.97 per share. Analysts expect the company to report fiscal 2014 profit per share of $1.17.