- Q4 core FFO of $103M or $0.29 per share vs. $105M and $0.30 one year ago. Full-year core FFO of $412M or $1.17 per share vs. $406M and $1.18 in 2014.
- Full-year 2016 outlook for core FFO of $1.15-$1.21 per share.
- Occupancy in bulk distribution portfolio of 96.5% up 10 basis points Y/Y; medical office portfolio of 95.5% up 120 bps; suburban office portfolio of 85.9% down 200 basis points.
- Same-property NOI growth of 3.1% Y/Y. Net effective rental rate growth of 13.8%.
- $146M of non-strategic land and buildings sold during quarter, bringing full-year sales to just under $2B. Funds recycled into $680M of bulk distribution and medical office properties and paying off more than $1B of debt.
- Earnings call tomorrow at 3 ET
- Previously: Duke Realty FFO in-line, beats on revenue (Jan. 27)
- DRE flat after hours