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- Duke Realty (NYSE:DRE) reported 99.7% in its Q2 leased stabilized portfolio compared to 98.2% in prior year quarter.
- Stabilized portfolio occupied percentage stood at 98.7% vs. 97.8% in year ago quarter.
- Total in-service portfolio leased stood at 99.7% (vs. 97.9% prior year quarter) and occupied % stood at 98.7% (vs. 97.5% prior).
- Net effective rental rate growth stood at 69% for Q2 while for six months ended June 30, 2022 stood at 63.1%; rental rate growth (in cash) stood at 57.1% compared to 48.4%.
- For 2022, the company will no longer provide guidance nor is it affirming past guidance amidst proposed merger with Prologis announced in June 2022.