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Duke Realty (Duke Realty) ROE % : 6.54% (As of Jun. 2022)


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What is Duke Realty ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Duke Realty's annualized net income for the quarter that ended in Jun. 2022 was $410 Mil. Duke Realty's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $6,264 Mil. Therefore, Duke Realty's annualized ROE % for the quarter that ended in Jun. 2022 was 6.54%.

The historical rank and industry rank for Duke Realty's ROE % or its related term are showing as below:

DRE's ROE % is not ranked *
in the REITs industry.
Industry Median: 4.355
* Ranked among companies with meaningful ROE % only.

Duke Realty ROE % Historical Data

The historical data trend for Duke Realty's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Duke Realty ROE % Chart

Duke Realty Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.87 8.35 8.87 5.89 15.22

Duke Realty Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.26 34.80 6.86 16.23 6.54

Competitive Comparison of Duke Realty's ROE %

For the REIT - Industrial subindustry, Duke Realty's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Duke Realty's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Duke Realty's ROE % distribution charts can be found below:

* The bar in red indicates where Duke Realty's ROE % falls into.



Duke Realty ROE % Calculation

Duke Realty's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=852.895/( (5162.972+6043.751)/ 2 )
=852.895/5603.3615
=15.22 %

Duke Realty's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=409.88/( (6227.805+6300.82)/ 2 )
=409.88/6264.3125
=6.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2022) net income data. ROE % is displayed in the 30-year financial page.


Duke Realty  (NYSE:DRE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=409.88/6264.3125
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(409.88 / 1141.152)*(1141.152 / 10772.8455)*(10772.8455 / 6264.3125)
=Net Margin %*Asset Turnover*Equity Multiplier
=35.92 %*0.1059*1.7197
=ROA %*Equity Multiplier
=3.8 %*1.7197
=6.54 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=409.88/6264.3125
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (409.88 / 416.724) * (416.724 / 364.468) * (364.468 / 1141.152) * (1141.152 / 10772.8455) * (10772.8455 / 6264.3125)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9836 * 1.1434 * 31.94 % * 0.1059 * 1.7197
=6.54 %

Note: The net income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Duke Realty ROE % Related Terms

Thank you for viewing the detailed overview of Duke Realty's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Duke Realty (Duke Realty) Business Description

Traded in Other Exchanges
N/A
Address
8711 River Crossing Boulevard, Indianapolis, IN, USA, 46240
Duke Realty is an Indianapolis-based publicly traded REIT that owns and operates a portfolio of primarily industrial properties and provides real estate services to third-party owners. It has interest in over 150 million square feet across the largest logistics markets in the U.S.
Executives
Steven W Schnur officer: EVP, Chief Operating Officer 600 E. 96TH ST, STE 100, INDIANAPOLIS IN 46240
Mark A Denien officer: EVP & CFO 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Scott P Anderson director 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Chris T. Sultemeier director 1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032
John Case director 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Michael E Szymanczyk director DOMINION RESOURCES, INC., 100 TREDEGAR STREET, RICHMOND VA 23219
Warren M Thompson director 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Melanie R Sabelhaus director 227 GREENSPRING VALLEY DRIVE, OWINGS MILLS MD 21117
Lynn C Thurber director JONES LANG LASALLE INCORPORTED, 200 E RANDOLPH DR, CHICAGO IL 60601
Scott Peter M Iii director P O BOX 1551, RALEIGH NC 27601
Tamara D Fischer director 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
James B. Connor director, officer: President and CEO 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Ann C. Dee officer: EVP,General Counsel & Corp Sec 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Nicholas C. Anthony officer: EVP, Chief Investment Officer 600 E 96TH STREET, SUITE 100, INDIANAPOLIS IN 46240
Kelly T Killingsworth director 2430 SW 75TH TERRACE, PORTLAND OR 97225

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