Duke Realty Corporation [Acquired] | REIT Profile

Symbol: DRE new symbol: PLD
CIK: 783280
Exchange: NYSE
Founded: 1972
HQ: Indianapolis, IN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Industrial

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About Duke Realty Corporation [Acquired]

Duke Realty is a leader in commercial real estate. Since our founding in 1972, we have set the standard for providing high-quality, productivity-enhancing industrial properties, and today own and manage best-in-class warehouse/distribution facilities in 21 major U.S. logistics markets nationwide. Our expertise also includes development, property management, and leasing services. A trusted provider of real estate solutions, Duke Realty is publicly traded on the New York Stock Exchange (NYSE: DRE) and is a member of the S&P 500.

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Latest REIT Press Releases

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Related Information

Material Source Description
Prologis, Inc - Prologis Closes Acquisition of Duke Realty (2022-10-03) PRNewswire SAN FRANCISCO, Oct. 3, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) ("Prologis") today announced the completion of its all-stock acquisition of Duke Realty Corporation (NYSE: DRE) ("Duke Realty") following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 billion, including the assumption of debt, the completed transaction expands Prologis' presence in key U.S. markets. "In addition to the day-one accretion and avenues for further earnings growth, this acquisition gives us an even stronger ability to support our customers and their growth," said Prologis Co-founder, CEO and Chairman Hamid R. Moghadam. "We're gaining high-quality properties and more than 500 new customers in key markets. These new customers will be able to tap into our Essentials platform, which delivers end-to-end solutions to address critical supply chain challenges and contributes to their broader sustainability efforts."

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Last updated: 2023-11-29 - v4.8