Today, we’re highlighting a company that’s benefiting from the frenzied property market…
Regular readers know the real estate market has been on fire recently. It’s a perfect environment for real estate investment trusts (REITs)… These “landlord” companies own and operate properties like apartment buildings, offices, and shopping centers. And they’re required to pay at least 90% of their profits to shareholders. Today’s company shows the effectiveness of this business model…
Duke Realty (DRE) is a $20 billion industrial REIT. It has more than 160 million rentable square feet of properties in 20 markets nationwide, including Florida and Texas. With a strong presence in many of the country’s major real estate markets, Duke Realty is profiting today… The company has leased more than 98% of its in-service properties as of the first quarter. And in the same period, its funds from operations (a measure of cash flow for REITs) grew to $0.38 per share, up from $0.28.
As you can see, DRE is up roughly 30% on the year. And it just hit a fresh all-time high. As long as the real estate market remains hot, DRE should perform well…
At least 41 major US banks have just made a drastic change to the way money in America works. It could have some major implications for you, your money and your retirement. But it's crucial you understand what's happening, before these changes get applied to your bank account. Here's everything you need to know.
Source: Daily Wealth’s Market Notes