Moody's Upgrades Duke Realty

November 23, 2016 INDIANAPOLIS, IN--(Marketwired - November 23, 2016) - Duke Realty Corporation ("Duke Realty" or the "Company") (DRE), a leading industrial and medical office property REIT, announced today that Moody's Investors Service ("Moody's") has raised the company's senior unsecured debt ratings to Baa1, from Baa2, with a stable outlook. Moody's cited the Company's improved debt and stronger operating metrics, along with a well-located portfolio of industrial assets that should continue to benefit from accelerating demand for high-quality industrial product coupled with disciplined supply.

"We are pleased that Moody's has recognized the improvement in our operating fundamentals, portfolio quality and overall financial strength. During a period of significant portfolio transformation, we demonstrated a commitment to improving our coverage levels, reducing our leverage and enhancing our liquidity. Our current balance sheet is very well positioned to help support our long-term growth," said Mark Denien, Chief Financial Officer of Duke Realty.

About Duke Realty
Duke Realty Corporation owns, maintains an interest in or has under development approximately 138 million rentable square feet of industrial and medical office assets, in 21 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.

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