This Stock Just Hit a Fresh All-Time High

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…

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Source: Daily Wealth’s Market Notes