Duke Realty lifts guidance after strong quarter

Core FFO of $103M or $0.30 per share vs. $90M and $0.27 one year ago.

In-service occupancy in bulk distribution portfolio of 96.5% vs. 95%; suburban office portfolio of 87.7% vs. 88.1% (a decline due to the sale of some highly leased properties in Q2); medical office portfolio of 93.9% vs. 93.7%.

Same-property NOI growth of 4.6% in Q2.

Full-year core FFO guidance is lifted to $1.15-$1.19 from $1.12-$1.18.

Conference call tomorrow at 3 ET

Previously: Duke Realty beats by $0.01, beats on revenue

DRE no trades AH

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