What’s in the Offing for Duke Realty’s (DRE) Q1 Earnings? – Investing.com

What’s in the Offing for Duke Realty’s (DRE) Q1 Earnings? – Investing.com

Duke Realty (NYSE:) Corp. DRE is scheduled to report first-quarter 2021 earnings on Apr 28, after the market closes. The company's results are likely to reflect year-over-year growth in both its funds from operations (FFO) per share and revenues.In the last reported quarter, this industrial real estate investment trust (REIT) delivered an in-line performance in terms of FFO per share. Results reflected growth in rental rate, improved occupancy and leasing of new developments being placed into service.Over the preceding four quarters, the company beat the Zacks Consensus Estimate on two occasions, matched in another and missed in the other. It has a trailing four-quarter negative surprise of 0.11%, on average. The graph below depicts this surprise history:Factors to NoteThe U.S. industrial market had an impressive start to this year with robust demand and record-high rents. What is encouraging is that demand outpaced supply for the first time since second-quarter 2019, per a report from Cushman & Wakefield CWK.There was a net absorption of 82.3 million square feet (msf) of space during the March-end quarter. The tally is, in fact, up 78.2% over the 46.2 msf reported in first-quarter 2020. Particularly, warehouse/distribution space emerged as the strongest secondary property type. For