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Duke Realty To Increase Authorized Stock

Thu, 23 Jul 2009 13:51:30 GMT

Duke Realty Corporation (DRE), a leading real estate investment trust (REIT), has recently got shareholder approvals to amend its Third Restated Articles of Incorporation in order to increase the number of authorized common shares from 250 million to 400 million.? With the shareholder’s authorization, the company has ensured the availability of adequate stock for issuance in the event of equity-based financings, acquisitions and other corporate projects. We believe that the move is aimed to lift the sagging fortunes of the company amid deteriorating market fundamentals.? Duke Realty primarily has a suburban office and industrial portfolio, which does not have the near or long-term growth prospects of some of its better positioned peers. As the economy continues to weaken and corporate layoffs accelerate, suburban[More...]

Open Letter To The SEC Regarding Wall Street's REIT Bait-And-Switch

Tue, 21 Apr 2009 17:34:00 GMT

Zero Hedge is well aware that our regulatory friends at the SEC and FINRA enjoy going through our articles in search of the "next big scam." We are always happy to make their lives a little easier and not only connect the dots but give them everything they need on a silver platter so that even a green securities lawyer, 4 hours fresh out of law school, would be able to comprehend and litigate. A few weeks ago I caught on a troubling trend whereby Merrill Lynch/Bank of America embarked on an epic quest to underwrite equity follow on offerings for a vast majority of the lowest quality REITs including Kimco, ProLogis, Duke[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Duke Realty Goes For The New Equity-For-Secured Debt Bait And Switch

Thu, 16 Apr 2009 20:10:00 GMT

Yet another troubled REIT Duke Realty has jumped on the Kimco, ProLogis, etc. Merrill Lynch/BofA orchestrated mass dilution bandwagon, and investors, some confused about what the hell is going on, others like Cohen and Steers, are more than happy to join the great pump and dump even as all REITs face imminent debt maturities, declining lease rates, tenant bankruptcies, and generate less and less cash flows to satisfy their respective debt loads, let alone dividend payments. As for use of[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

Daily Report For Friday, Mar 27, 2009

Fri, 27 Mar 2009 13:32:35 GMT

(8:36am ET) On Thursday, the upbeat earnings report of (Cara 100) Best Buy (BBY) served to lift the market at the open. Technologies stocks later were the basis of a closing hour rally. At the close, the DJIA (+174.75 +2.25% to 7924.56), S&P 500 (+18.98 +2.33% to 832.86), and NASDAQ (+58.05 +3.80% to 1587.00) gained for the third day in four this week. The Toronto Composite (+198.06 +2.25% to 8995.50) was in line with NY, but the Toronto Venture Board (+24.98 +2.63%to 974.02) also rallied. In the US equity market, the big winners were the Industrials (XLI +5.4%), Consumer Disretionary (XLY +4.6%) and Basic Materials (XLB +4.0%). All ten sectors were winners, but the laggards on this day were Energy +0.9% and Financials (XLF +1.2%). Within the many industry groups, there were a broad section of technology groups that were on the leader board. Lagging a bit were the Goldminers ($XAU[More...]

Daily Report For Friday, Mar 13, 2009

Fri, 13 Mar 2009 15:55:00 GMT

(9:48am ET) Equity market prices lifted pretty much from start to finish of Thursday’s session. Retail Sales, Jobless Claims and Business Inventories and comments from Barney Frank and Tim Geithner played a role in the general bullishness. The latter made comments on the dangers of ending the mark-to-market rule and instead believe subtle changes could be made in an effort to improve it. Pfizer (PFE) made a big splash with the announcement its Phase III trial of Sutent was stopped early as the drug showed a significant benefit in patients with pancreatic cancer. At the close, the DJIA (+239.66 +3.46% to 7170.06), S&P 500 (+29.38% to 750.74) and NASDAQ (+54.46 +3.97% to 1426.10) were up sharply for the second day in the past three. The Toronto Composite (+271.25 +3.39% to 8282.27) and Venture Board (+19.52 +2.37% to 843.42) were almost as strong. The winning sector by a wide margin was[More...]

Sales of Apartments a Metro Bright Spot: Investors Continue to Have Little Appetite for Office and Industrial Properties, but Sales of Multi-Unit Parcels Have Picked Up.

Mon, 17 Aug 2009 10:02:00 GMT

Aug. 17--The economic downturn and tight credit market continue to take a toll on sales activity for most types of commercial properties in the Twin Cities area -- and in some cases the falloff is more severe than in other parts of the country.
That compares with a 65 percent decline in dollar value nationwide.
A drop in large office deals in downtown Minneapolis and St. Paul appears to be the main reason for the big decline in the dollar total.

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Duke Realty To Increase Authorized Stock

Open Letter To The SEC Regarding Wall Street's REIT Bait-And-Switch

Market Report For Friday: Apr 17, 2009

Duke Realty Goes For The New Equity-For-Secured Debt Bait And Switch

Daily Report For Thursday, Apr 16, 2009

Daily Report For Tuesday, Apr 14, 2009

Daily Report For Tuesday: Apr 7, 2009

Daily Report For Wednesday, Apr 1, 2009

Daily Report For Friday, Mar 27, 2009

Daily Report For Friday, Mar 13, 2009

Sales of Apartments a Metro Bright Spot: Investors Continue to Have Little Appetite for Office and Industrial Properties, but Sales of Multi-Unit Parcels Have Picked Up.

Jobless Rate in State Expected to Climb Higher: Experts Say Auto Shutdowns, Debt Levels Could Push Unemployment to 11.5%

Fenton Confronts Task of Finding Use for Local Auto Plants As Chrysler Departs

Pletschet: Dividends on REITS Will Take Hit

The News & Observer, Raleigh, N.C., Real Deals Column: More Renters Buy Own Space

The News & Observer, Raleigh, N.C., Jack Hagel Column: Office Vacancies Rise to 2-Year High

The Dallas Morning News Steve Brown Column: Dallas Real Estate Thrives on Job Growth

Duke Realty Corporation Announces Completion of Tender Offer By Duke Realty Limited for Its 6.95% Senior Notes Due 2011

Duke Realty Corporation Announces Expiration and Final Results of Its Any and All Tender Offer, Early Tender Date Results for Its 6.95% Senior Notes Due 2011 and Termination of Its Tender Offer for Other Series of Notes

Duke Realty Corporation Announces Debt Tender Offers

BenchmarkJournal.Com Free Analyst Review for GG, DRE, FL, CMS, HAR and FRE

Duke Realty Corporation Sells $500 Million of Senior Unsecured Notes

Duke Realty Corporation Reports Second Quarter Results

Duke Realty Corporation Announces Increase in Number of Authorized Shares of Common Stock

Duke Realty Corporation Announces Earnings Conference Call; Thursday, July 30, 2009 at 3:00 p.m. EDT

Duke Realty Corporation Announces Special Meeting of Shareholders

Duke Realty Corporation Announces Development of 460,000-Square Foot Outpatient Cancer Treatment Center for Baylor University

Form 4 JISCHKE MARTIN C For: Oct 28 (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: THURBER LYNN C (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: LYTLE L BEN (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: CAVANAUGH WILLIAM III (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: CUNEO NGAIRE E (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: BUTTON GEOFFREY (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: Baltimore Thomas J Jr (10K)

Form 4 EITEL CHARLES R For: Oct 01 (10K)

Form 4 JISCHKE MARTIN C For: Oct 01 (10K)

Form 4 CAVANAUGH WILLIAM III For: Oct 01 (10K)