WASHINGTON (dpa-AFX) - Duke Realty Corp. (DRE) reported first-quarter net loss attributable to shareholders of $36.4 million or $0.14 per share, compared to a net income of $47.6 million or $0.19 per share last year.
Funds from operations or FFO, for the quarter was $57.4 million or $0.21 per share, compared to $71.8 million or $0.27 per share in the previous year quarter.
Core FFO for the quarter was $63.8 million or $0.24 per share, down from $72.6 million or $0.28 per share in the comparable quarter last year. On average, twelve analysts polled by Thomson Reuters expected earnings $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter dropped to $272.40 million from $337.53 million in the last year period, while nine analysts on a consensus expected revenues of $197.83 million for the quarter.
For the full year 2012, the company still expects core FFO guidance in a range of $0.94 to $1.06 per share. Analysts currently expects full year 2012 FFO of $1.04 per share.
Further, the company declared a quarterly cash dividend on its common stock of $0.17 per share, or $0.68 per share on an annualized basis. The second quarter dividend will be payable May 31, 2012 to shareholders of record on May 16, 2012.
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