People In Business NYSE 3
Duke Realty executive vice president Pete Harrington sells 19 September 2018
NEWS BITES - PEOPLE IN BUSINESS
Duke Realty (NYSE:DRE) Executive Vice President Pete Harrington sold 16,500 shares worth $US478,170 on September 17. The selling price was $US28.98.
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SECTION 1 PETE HARRINGTON REPORTED SELLING IN 2018
+ In 2018 a total of 16,500 shares worth $US478,170 were sold. The highest number of shares 16,500 worth $US478,170 were sold in the month of September.
|Month||No. of Shares||Price, USD||Value, USD|
|September 19, 2018||16,500||28.98||478,170||September|
SECTION 2 PETE HARRINGTON SHARES AND OPTIONS HELD AS AT SEP 19, 2018
(Value computed at price $US28.56)
Pete Harrington now has a beneficial interest in $US758,752 worth of Duke Realty shares and options comprising $US706,145 worth of Duke Realty shares and $US52,607 worth of Duke Realty options.
|Nature of Ownership||Shares Held||Value, USD|
|Total (Equity & Options)||26,567||$US758,752|
SECTION 3 BIOGRAPHY PETE HARRINGTON, EXECUTIVE VICE PRESIDENT
As Executive Vice President of Construction for Duke Realty, Pete is responsible for all of the company s construction operations including the development of buildings for its own portfolio, facilities for third-party owners and interior finish work primarily on industrial and medical office properties. Pete also serves on the company s Executive, Operating and Investment committees.
Salary ($): 332,308
Stock Awards ($): 432,708
Non-Equity Incentive Plan Compensation ($): 499,430
All Other Compensation ($): 21,538
Total ($): 1,285,984
SECTION 4 DUKE REALTY CORPORATION PRICE PERFORMANCE SCORECARD (NYSE:DRE):
4.1 Duke Realty Corporation is placed 1,728/2,668 in the BSS News Bites ranking of price performance of NYSE stocks in the past year, a percentile ranking of 35.
4.2 MCap History:
MCap: 5-Year Perspective
In the past 5 years Market Capitalization has increased by $US5.3 billion from $US5 billion to $US10.2 billion. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years.
|Price||MCap (US$ B)|
|1 Year ago||$US28.74||10.5|
|2 Years ago||$US25.19||9.4|
|3 Years ago||$US17.18||6.6|
|4 Years ago||$US15.61||6.1|
|5 Years ago||$US13.04||5|
4.3 Present Value of $US1000 invested in the past
The present value of $US1000 invested a year ago is $US1,061
|S&P 500 Index||1,007||1,004||1,160|
4.4 Trailing Price Change %
1-Year price change for Duke Realty was -0.2%. Compared with the S&P 500 Index which rose 16.3% in the year, the relative price change was -16.5%.
|Price Change %||1-Month||3-Month||1-Year|
|Diversified REIT sector||-1.9||4.5||2.2|
|S&P 500 Index||2.1||5.4||16.3|
SECTION 5 DUKE REALTY CORPORATION FINANCIALS AND GROWTH PERFORMANCE SCORECARD (NYSE:DRE):
5.1 Key Financials (All figures percent)
EPS Growth has improved from 27.7% in 2014 to 418.2% in 2017, Operating Margin has improved from 39.3% in 2014 to 48.3% in 2017 and Revenue Growth has improved from -6.6% in 2014 to -0.9% in 2017.
|DRE||Revenue Growth||EPS Growth||Operating Margin||ROE|
5.2 Revenue and Net Profit
In the last 3 years Compound Annual Growth Rate (CAGR) averaged -9.3% for Total Revenue and 100.4% for Net Profit.
|Description||Annual ($US M)||3-year Avg ($US M)||3-year CAGR %|
CAGR = Compound Annual Growth Rate
5.3 Performance (All figures in %)
Net Profit Margin 3-year average is 32.7% and Return on Assets 3-year average is 3.7%.
|Operating Profit Margin||48.3||47.4|
|Net Profit Margin||37.2||32.7|
|Return on Equity||6.3||6.8|
|Return on Assets||3.9||3.7|
5.4 High Performance Indicators and rank of Duke Realty in the NYSE market:
|Description||DRE Value||Rank In NYSE Market|
|EBITDA Margin %||83.3||In Top 9%|
|Turnover in Quarter||$US4.3 billion||In Top Quartile|
|P/E * P/NTA||14||In Top Quartile|
SECTION 6 DUKE REALTY CORPORATION GLOBAL RANK (NYSE:DRE):
6.1 Global Rank
Rank in the S&P 500 Index [out of 502 stocks]
|Total Assets (US$)||7.4B||394|
|Net Profit (US$)||1.6B||124|
|Return on Equity %||6.3||381|
|Net Profit Margin %||37.2||25|
|Price to Book||2.3||86|
|PV$1000 (1Year) US$||1,072||307|
|% Change YTD||10.3||181|
SECTION 7 OTHER DIRECTORS OF DUKE REALTY CORPORATION
James B. Connor, Chief Executive Officer & Chairman & Director
Mark A. Denien, Chief Financial Officer & Executive Vice President
Norman K. Jenkins, Director
Peter M. Scott, Director
Chris Sultemeier, Director
Charles R. Eitel, Director
John Case, Director
Ngaire E. Cuneo, Director
Szymanczyk Michael E, Director
Melanie R. Sabelhaus, Director
David P. Stockert, Director
Alan H. Cohen, Director
Jack R. Shaw, Director
Lynn C. Thurber, Director
Nicholas C. Anthony, Executive Vice President
Ann C. Dee, Executive Vice President & Corporate Secretary
Pete Harrington, Executive Vice President
SECTION 8 DUKE REALTY CORPORATION ACTIVITIES
Duke Realty Corporation (Duke), is a self-administered and self-managed real estate investment trust (REIT). Its portfolio of 738 rental properties encompasses more than 128.6 million rentable square feet and are leased by a base of more than 3,400 tenants whose businesses include manufacturing, retailing, wholesale trade, distribution, healthcare and professional services. The Company also owns or controls approximately 7,200 acres of land available for development. Through its Service Operations, the Company provides, on a fee basis, leasing, property and asset management, development, construction, build-to-suit and other tenant-related services. Its Rental Operations are conducted through Duke Realty Services LLC, Duke Realty Limited Partnership (DRLP) and Duke Construction Limited Partnership.
SECTION 9 RECENT NEWS ON DIRECTORS
9.1 SHAREHOLDER VALUE ADDED BY DIRECTORS
07 August 2018
Norman K. Jenkins starts second year as Duke Realty Director
Norman K. Jenkins was appointed Director of Duke Realty (NYSE:DRE) one year ago on August 07, 2017. The shares were up from $US27.6 to $US29.3 and the total annualized return to shareholders (TRS) since appointment is 12.5%. The present value of USD1,000 (PV1000) invested on the appointment date is now worth $US1,125, a gain of $US61 and dividend reinvested of $US64.
17 May 2018
Mark A. Denien brings two-bagger value to Duke Realty
Mark A. Denien was appointed CFO of Duke Realty (NYSE:DRE) five years ago on May 17, 2013. The present value of USD1,000 (PV1000) invested on the appointment date is $US2,270, for a capital gain of $US797 and dividend reinvested of $US472. In the same period the shares were up 79.7% from $US15.6 to $US28.0.
9.2 RECENT REPORTED SELLING
03 May 2018
Duke Realty director Melanie R. Sabelhaus sells
Duke Realty (NYSE:DRE) Director Melanie R. Sabelhaus sold 4,000 shares worth $US110,080 on May 02. The selling price was $US27.52. The shares hit a seven-month high on the day.
9.3 UPDATED DIRECTOR PROFILES
28 March 2018
John Case - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of John Case (54), Director is shown below.John P. Case, Age 54Director Since: 2018Board Committee: N/AQualifications: Mr. Case brings real estate industry, public company, finance, and executive management expertise to the Board of Directors.Mr. Case is Chief Executive Officer and Director of Realty Income Corporation, an S&P 500 company that invests primarily in net lease single-tenant retail assets in the United States, a position he has held since 2013. Mr. Case joined Realty Income Corporation in 2010 as Executive Vice President, Chief Investment Officer and served in this capacity until 2013, when he was promoted to President, Chief Investment Officer. Prior to joining Realty Income Corporation, Mr. Case served for 19 years as a New York-based real estate investment banker. He began his investment banking career at Merrill Lynch, where he worked for 14 years, and was named a Managing Director in 2000. Following his tenure at Merrill Lynch, Mr. Case was co-head of Americas Real Estate Investment Banking at UBS and later the co-head of Real Estate Investment Banking for RBC Capital Markets, where he also served on the firm's Global Investment Banking Management Committee. Mr. Case currently serves as a member of the Board of Trustees of Washington and Lee University. In addition, Mr. Case is extensively involved in the broader real estate industry, serving on the Executive Board of the National Association of Real Estate Investment Trusts (NAREIT), The President's Council of the Real Estate Roundtable, and as a member of the International Council of Shopping Centers (ICSC).
28 March 2018
Charles R. Eitel - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Charles R. Eitel (68), Director is shown below.Charles R. Eitel, Age 68Director Since: 1999Board Committee: Corporate GovernanceQualifications: Mr. Eitel brings consulting, business administration, finance, operations, manufacturing industry, and executive leadership expertise to the Board of Directors.Mr. Eitel is the former Chief Executive Officer and Chairman of the Board of WS Packaging Group, Inc., a privately owned producer of printed, packaged goods. Mr. Eitel served in those positions between 2015 and February 2018. Between 2009 and 2014, Mr. Eitel was a partner of Eitel & Armstrong, LLC, which is now North Inlet Partners, a consulting practice that provides hands-on operating and financial guidance to middle market companies. Prior to forming Eitel & Armstrong in 2009, Mr. Eitel served as Vice Chairman of the Board of Directors of the Simmons Bedding Company, an Atlanta-based manufacturer of mattresses, from 2008 to 2009. Mr. Eitel served as Chairman and Chief Executive Officer of the Simmons Bedding Company from 2000 until his appointment to Vice Chairman in 2008. On November 16, 2009, the Simmons Bedding Company filed for protection under Chapter 11 of the federal bankruptcy laws, from which it emerged on January 21, 2010. Mr. Eitel serves on the Board of Directors of American Fidelity Assurance Corporation, a provider of supplemental health insurance benefits and financial services to education employees, auto dealerships, health care providers and municipal workers across the United States.
28 March 2018
Alan H. Cohen - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Alan H. Cohen (71), Director is shown below.Alan H. Cohen, Age 71Director Since: 2011Board Committee: Executive Compensation, ChairpersonQualifications: As an attorney and co-founder of The Finish Line, Inc., a publicly-traded athletic wear retailer where he served in various executive positions including Chief Executive Officer and President, Mr. Cohen brings consumer goods industry, corporate operations, legal, and executive leadership expertise to the Board of Directors.Mr. Cohen is the co-founder of The Finish Line, Inc. and served as its President from 1982 to 2003 and Chief Executive Officer from 1982 to 2008. He served as Chairman of the Board of Directors of The Finish Line, Inc. from 1992 to 2010 and as one of its directors from 1976 to 2010. Mr. Cohen is an attorney and practiced law from 1973 to 1981.
28 March 2018
James B. Connor - Duke Realty updates CEO, chairman and director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of James B. Connor (59), CEO, Chairman and Director is shown below.James B. Connor, Age 59Director Since: 2015Board Committee: N/AQualifications: Mr. Connor, who joined the Company in 1998, brings real estate industry, finance, operations, development, and executive leadership expertise to the Board of Directors.Mr. Connor was named the Company's Chairman and Chief Executive Officer, commencing April 26, 2017, and joined the Company's Board of Directors in 2015. Prior to being named Chairman and Chief Executive Officer, Mr. Connor held various senior management positions with the Company, including President and CEO of the Company from January 1, 2016 to April 26, 2017, Senior Executive Vice President and Chief Operating Officer of the Company from 2013 to 2015, Senior Regional Executive Vice President of the Company from 2011 to 2013, and Executive Vice President of the Company's Midwest region from 2003 to 2010. Prior to joining the Company in 1998, Mr. Connor held numerous executive and brokerage positions with Cushman & Wakefield, most recently serving as Senior Managing Director for the Midwest area. Mr. Connor serves on the Advisory Board of the Marshall Bennett Institute of Real Estate at Roosevelt University in Chicago. Mr. Connor is also a member of the Board of Governors of the National Association of Real Estate Investment Trusts and the Real Estate Roundtable and serves as a director of the Central Indiana Corporate Partnership.
28 March 2018
Ngaire E. Cuneo - Duke Realty updates director's profile
The updated profile of Ngaire E. Cuneo (67), Director is shown below.Director Since: 1995Board Committees: Audit and FinanceQualifications: Ms. Cuneo brings finance, accounting, consulting, venture capital, corporate development, insurance industry, financial services industry, and executive management expertise to the Board of Directors.Ms. Cuneo is an Executive Vice President of Silac, LLC, a private insurance company, a position she has held since July 2016. Ms. Cuneo has also served on the Board of Directors of Sterling Life Insurance Company, a private insurance company, since July 2016. In addition, Ms. Cuneo has been a partner of Red Associates, LLC, a venture capital firm in the financial services sector, since 2002. Ms. Cuneo also served as an Executive Vice President of Forethought Financial Group, an insurance holding company, from 2006 until 2010. From 1992 through 2001, Ms. Cuneo was an Executive Vice President of Conseco, Inc., an owner, operator and provider of services to companies in the financial services industry. The Board of Directors has determined that Ms. Cuneo qualifies as an "audit committee financial expert" as defined under the applicable rules established by the SEC.
28 March 2018
Chris Sultemeier - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Chris Sultemeier (55), Director is shown below.Age 55Director Since: 2018Board Committee: N/AQualifications: Mr. Sultemeier brings supply chain and logistics, public company, and leadership expertise to the Board of Directors.Mr. Sultemeier served as Executive Vice President Logistics of Walmart Stores, Inc. and President/Chief Executive Officer of Wal-mart Transportation LLC between 2012 and 2017. Prior to that, Mr. Sultemeier held various roles in logistics and merchandising for Walmart Stores, Inc., which he joined in 1989. Mr. Sultemeier served as a U.S. Army Captain between 1984 and 1989. Mr. Sultemeier currently serves on the U.S. Congressional Medal of Honor Foundation Board of Directors and teaches at M.I.T. in its Supply Chain/Transportation Masters Program.
28 March 2018
David P. Stockert - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of David P. Stockert (55), Director is shown below.Age 55Director Since: 2018Board Committee: N/AQualifications: Mr. Stockert brings real estate industry, public company, accounting, and executive management expertise to the Board of Directors.Mr. Stockert served as Chief Executive Officer and President of Post Properties, Inc. from 2002 to 2016 and as President and Chief Operating Officer from 2001 to 2002. Prior to joining Post Properties, Inc., Mr. Stockert served as Executive Vice President of Duke Realty Corporation from 1999 to 2000, and as Senior Vice President and Chief Financial Officer of Weeks Corporation from 1995 to 1999. Prior to joining Weeks Corporation, Mr. Stockert was an investment banker and a certified public accountant. Mr. Stockert currently serves on the Board of Directors of Mid-America Apartment Communities, Inc. as well as on multiple civic and charitable boards in the Atlanta area, chairing or serving on various committees.
28 March 2018
Melanie R. Sabelhaus - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Melanie R. Sabelhaus (69), Director is shown below.Age 69Director Since: 2012Board Committee: Executive CompensationQualifications: With business experience in both the private and public sectors, Ms. Sabelhaus brings public company, corporate governance, real estate industry, healthcare industry, and executive leadership expertise to the Board of Directors.Ms. Sabelhaus has over 30 years of small business, corporate and federal government experience. Since 2005, Ms. Sabelhaus has been devoting her time to supporting non-profit organizations. Ms. Sabelhaus currently serves as a Senior Principal of Jerold Panas, Linzy & Partners, a consulting firm that provides philanthropic organizations with fundraising advice. Ms. Sabelhaus also serves as a trustee of Johns Hopkins Health System. Ms. Sabelhaus was appointed by President Bush as Deputy Administrator of the U.S. Small Business Administration from 2002 to 2005, where she was responsible for policy development and program supervision. From 1998 until 2018, Ms. Sabelhaus dedicated her time to community fundraising and women's business issues. In 1986, Ms. Sabelhaus founded Exclusive Interim Properties (EIP), a real estate company that specialized in short-term, furnished housing. Ms. Sabelhaus served as Chief Executive Officer of EIP from 1986 until the company merged with four similar firms in 1997 taking the company public and renaming it Bridgestreet Accommodations World Wide. From 1997 until 1998, Ms. Sabelhaus served as Vice President for Global Sales of Bridgestreet Accommodations World Wide. From 1972 to 1986, Ms. Sabelhaus worked at International Business Machine (IBM), during which time she aided in the launch of IBM's consumer retail program. Ms. Sabelhaus co-founded the United Way's Women United, raising $1.5 billion over the last 15 years.
28 March 2018
Lynn C. Thurber - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Lynn C. Thurber (71), Director is shown below.Age 71Director Since: 2008Board Committee: Executive CompensationQualifications: Ms. Thurber brings international business, asset management, investment management, finance, accounting, real estate industry, financial services industry, and executive management expertise to the Board of Directors.Ms. Thurber served as the non-executive Chairman of LaSalle Investment Management, a subsidiary of Jones Lang LaSalle Inc. and a global real estate money management firm that invests in private real estate as well as publicly-traded real estate companies on behalf of institutional and individual investors from 2006 until 2017. Prior to becoming Chairman, Ms. Thurber was the Chief Executive Officer of LaSalle Investment Management from 2000 to 2006. Ms. Thurber is the Chairman of the Board of Directors of Jones Lang LaSalle Income Property Trust, Inc., a non-listed REIT that owns and manages a diversified portfolio of office, retail, industrial, and apartment properties, and is a trustee of Acadia Realty Trust, a real estate investment trust that primarily invests in retail properties. Ms. Thurber is a Trustee of the Urban Land Institute, a non-profit organization that provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.
28 March 2018
William Cavanaugh III - Duke Realty updates lead director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of William Cavanaugh III (79), Lead Director is shown below.Director Since: 1999; Lead DirectorBoard Committee: Corporate Governance, ChairpersonQualifications: Mr. Cavanaugh, who served as the Chief Executive Officer of Progress Energy, Inc., a publicly-traded energy company, for eight years, brings corporate finance, operations, nuclear energy industry, public company, and executive leadership expertise to the Board of Directors.Mr. Cavanaugh served as the Chairman of the World Association of Nuclear Operators (WANO) from 2004 until 2009. He retired as Chairman and Chief Executive Officer of Progress Energy, Inc. in 2004, posts he had held since 1999 and 1996, respectively. Mr. Cavanaugh currently is a professor emeritus at the Institute for Advanced Discovery & Innovation at the University of South Florida.
28 March 2018
Norman K. Jenkins - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Norman K. Jenkins (55), Director is shown below.Norman K. Jenkins, Age 55Director Since: 2017Board Committee: N/AQualifications: Mr. Jenkins brings real estate industry, asset management, finance, accounting, and executive management expertise to the Board of Directors.Mr. Jenkins is President and Chief Executive Officer of Capstone Development, LLC, a privately-held developer of institutional-quality lodging assets. Prior to founding Capstone Development, LLC in 2009, Mr. Jenkins served in various roles for Marriott International, Inc. between 1992 and 2008, including most recently as Senior Vice President, North American Lodging Development. Mr. Jenkins began his career with McDonald's Corporation holding finance and operating roles between 1986 and 1992. Mr. Jenkins currently serves on the Board of Trustees of Howard University, Developer Roundtable of Washington, DC, and Suburban Hospital.
28 March 2018
Szymanczyk Michael E - Duke Realty updates director's profile
Duke Realty recently released their definitive SEC filing DEF 14A. The updated profile of Szymanczyk Michael E (69), Director is shown below.Michael E. Szymanczyk, Age 69Director Since: 2014Board Committees: Audit and Finance; Chairperson of the Finance CommitteeQualifications: As the former Chief Executive Officer of a Fortune 500 company, Mr. Szymanczyk brings leadership, management, and analytic skills as well as expertise in addressing governmental and regulatory matters to the Board of Directors.Mr. Szymanczyk was the Chairman of the Board and Chief Executive Officer of Altria Group, Inc. from 2008 until 2012. From 2002 through 2008, Mr. Szymanczyk served as Chairman, President and Chief Executive Officer of Philip Morris USA Inc. Prior to that, he served in various sales and marketing roles at Proctor & Gamble, Inc. and Kraft, Inc. Mr. Szymanczyk currently serves as Chief Executive Officer of Endurance Capital LLC, a family-owned real estate investment venture. Mr. Szymanczyk also serves on the Finance and Risk Oversight Committee and the Audit Committee of the Board of Directors of Dominion Resources, Inc., a publicly-traded provider of electricity, natural gas and related services to customers primarily in the eastern and western regions of the U.S. The Board of Directors has determined that Mr. Szymanczyk qualifies as an "audit committee financial expert" as defined under the applicable rules established by the SEC.