Inactive Instrument

Duke Realty Corporation

DRE

US2644115055

Prologis to Buy Duke Realty in $26 Billion Deal, Including Debt

June 13, 2022 at 08:35 am EDT

By Chris Wack

Prologis Inc. is buying Duke Realty Corp. in an all-stock transaction valued at $26 billion, including the assumption of debt, the companies said Monday.

The transaction is anticipated to create immediate accretion of $310 million to $370 million from corporate general and administrative cost savings and operating leverage as well as mark-to-market adjustments on leases and debt, Prologis said.

With the transaction, Prologis is gaining high-quality properties for its portfolio in key geographies, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

06-13-22 0834ET

Latest news about Duke Realty Corporation

Duke Realty Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	23-01-06	CI
Duke Realty Corporation(NYSE:DRE) dropped from FTSE All-World Index	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P TMI Index	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P Global BMI Index	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P 500 Growth	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P 500 EQUAL WEIGHTED	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P 500	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P 500 Value	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P Composite 1500	22-10-03	CI
Duke Realty Corporation(NYSE:DRE) dropped from S&P Global 1200	22-10-03	CI
Prologis, Inc. completed the acquisition of Duke Realty Corporation from BlackRock, Inc., State Street Corporation, The Vanguard Group, Inc., Cohen & Steers, Inc. and others.	22-10-02	CI
Prologis, Duke Realty Receive Stockholder Approval for Merger	22-09-28	MT
S&P Dow Jones Unveils Changes to S&P 500, MidCap, SmallCap Indices	22-09-26	MT
Preview -- Barron's	22-09-23	DJ
S&P 500 Posts 4.6% Weekly Drop Amid Rate Increases, Growth Worries; Energy, Consumer Discretionary Lead Broad Slide	22-09-23	MT
Duke Realty Maintains Quarterly Cash Dividend at $0.28 a Share, Payable Sept. 30 to Holders of Record Sept. 15	22-09-01	MT
Duke Realty Corporation Declares Quarterly Cash Distribution, Payable on September 30, 2022	22-09-01	CI
Insider Sell: Duke Realty	22-08-24	MT
Insider Sell: Duke Realty	22-08-16	MT
Wells Fargo Securities Raises Duke Realty's Price Target to $64 From $56, Keeps Equalweight Rating	22-08-11	MT
Insider Sell: Duke Realty	22-08-03	MT
Duke Realty Reports Higher Q2 Core FFO, Revenue; to Cease Providing Guidance Amid Planned Merger -- Shares Gain After-Hours	22-07-27	MT
Earnings Flash (DRE) DUKE REALTY CORPORATION Posts Q2 Revenue $285.3M	22-07-27	MT
Earnings Flash (DRE) DUKE REALTY CORPORATION Reports Q2 FFO $0.48	22-07-27	MT
Duke Realty Corporation Announces Impairment Charges for the Second Quarter Ended June 30, 2022	22-07-27	CI

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Company Profile

Duke Realty Corporation specializes in the ownership and management of industrial real estate assets. Net sales break down by activity as follows: - industrial site rental (92.7%): warehouses and logistics sites; - other (7.3%). At the end of 2021, the Group's portfolio is composed of 548 assets with a total leasable area of 15,115,318 m2.

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Commercial REITs

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