Duke Realty Corrects and Replaces Corporate Profile, BW1138, PROFILE/IN-DUKE-REALTY.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: March 12, 1999
Company Name: Duke Realty Investments, Inc.
Address: 8888 Keystone Crossing
Suite 1200
Indianapolis, IN 46240
Main Telephone
Number: 317/808-6000
Internet Home
Page Address
(URL): http://www.dukereit.com
Chief Executive
Officer: Thomas L. Hefner
Chief Financial
Officer: Darell E. Zink, Jr.
Investor Relations
Contact: Thomas K. Peck
Business number: 317/808-6168
Public Relations
Contact: Donna Hovey
Business number: 317/808-6137
Trading Symbol/
Exchange: NYSE:DRE
Industry: Real estate
Company description: As one of the largest publicly held real estate companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Duke Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Investments (NYSE NYSE See: New York Stock Exchange :DRE DRE Digital rectal examination. Mentioned in: Rectal Examination ) is a vertically integrated real estate operating company operating company A business that engages in transactions with outsiders. focused on major cities in the Midwest. With a full delivery system of services including in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. property management, leasing, development and construction expertise, Duke has amassed an owned-portfolio of more than 60 million square feet of primarily suburban office and industrial assets. The Company also provides its full range of services to more than seven million square feet of properties owned by third parties. Founded in 1972, Duke emerged as a top tier publicly traded real estate company with its October 1993 public offering. Since that time, the Company has employed a value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. acquisition and development strategy that has allowed it to achieve some of the highest investment returns in the real estate industry. This has helped Duke to be a top performer with a five-year total annual return through December 31, 1998 of 23.4%. This performance more than doubled the real estate industry average and Duke had the best five-year total return of any equity real estate stock included in The Wall Street Journal's ranking of 1,000 Major Companies in the United States. Duke has a total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. exceeding $3.5 billion with strong market positions in Indianapolis, Cincinnati, Columbus, Cleveland, St. Louis, Chicago, Minneapolis and Nashville. Duke also owns or controls more than 2,700 acres of undeveloped land in various business parks that can support more than 40 million square feet of future development. |
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