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Duke Realty and Baylor Scott & White Health Open New MOB


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Duke Realty Corporation (DRE - Free Report) , the Indianapolis, IN-based real estate investment trust (“REIT”) and Baylor Scott & White Health, the largest not-for-profit healthcare system in Texas have opened Baylor McKinney 2 Physician Office Building in the Dallas suburb of McKinney. Through this medical office building (“MOB”), Baylor Scott & White Health will be able to bring in best physicians and meet the rising demand for additional healthcare services in the dynamic Dallas-Fort Worth area.

The newly opened MOB, spanning over an area of 77,000-square-foot, is located at Baylor Scott & White Medical Center in  McKinney campus.  The newly opened MOB, spanning over an area of 77,000-square-foot, is located at Baylor Scott & White Medical Center— McKinney campus. It is located in close proximity to the four-story MOB Baylor McKinney, which spans over an area of 114,924-square-foot.

Duke Realty is engaged in owning, managing and developing industrial and healthcare properties across the nation.

Duke Realty currently has a Zacks Rank #2 (Buy). Some other favorably ranked stocks in the same space include Seritage Growth Properties (SRG - Free Report) , Mack-Cali Realty Corp. (CLI - Free Report) and DCT Industrial Trust Inc. (DCT - Free Report) . All these stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Seritage Growth Properties’ current-quarter estimates have moved up 1.7% over the past one month to 59 cents.

Mack-Cali’s current-quarter estimates have moved up 1.9% over the past one month to 54 cents.

Current-quarter estimates for DCT Industrial Trust remained unchanged at 56 cents over the past month.

Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.

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