We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Duke Realty (DRE) to Develop Only LEED-Certified Buildings
Read MoreHide Full Article
Given its efforts to construct projects that are sustainable and environment friendly, Duke Realty Corporation recently announced that it will only develop LEED-certified buildings, commencing this year. Leadership in Energy and Environmental Design, commonly known as LEED, is a registered trademark of the U.S. Green Building Council.
LEED certification is an independent, third-party that verifies whether the developing project meets the highest performance standards. Also, it works to ensure that the strategies used during the development are aimed to save energy, reduce carbon dioxide emissions, improve water efficiency, enhance indoor air quality, effectively use resources and check environmental sensitivity.
Coming to Duke Realty, the announcement is all the more important because it is an eminent domestic-only, logistics property REIT in the United States. While many of the company’s previously developed buildings are LEED certified, the move will further increase its emphasis on reducing waste in landfills and conserving resources, as it will have to adhere to the stringent criteria of LEED certification, going forward.
Per the company’s management, the REIT has remained committed to environmental responsibility for a long time. Its eco-friendly efforts include incorporating sustainable practices in new buildings, modifying the existing properties for energy and water savings, and altering under-utilized sites and functionally obsolete or environmentally contaminated properties into the best possible version of the logistics facilities.
Earlier, in November 2019, Duke Realty had closed a $400 million green bond offering, becoming the first industrial REIT in the United States to do so. The bond, due in 2029, raised funds in order to finance future or refinance the recently completed Eligible Green Projects.
Apart from the corporate sustainability aspect, Duke Realty is likely to enjoy a number of tangible and intangible benefits. With LEED certification, the company’s image will get enhanced, enabling it to retain higher property values. Also, as certification increases the lease-up rates for such buildings, the company can enjoy better pricing.
Shares of this Zacks Rank #2 (Buy) company have rallied 29.2%, outperforming the industry's growth of 19.6% in the past year. Other Key Picks
Boston Properties, Inc. (BXP - Free Report) currently carries a Zacks Rank of 2 and has gained 15.1% in the past year. The company’s funds from operation (FFO) per share estimates for 2020 have been revised marginally upward to $7.53 in two months’ time. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CyrusOne Inc’s Zacks Consensus Estimate for 2020 FFO per share has moved slightly north to $3.92 in the past two months. It carries a Zacks Rank of 2, at present. Moreover, the stock has rallied 29% over the trailing 12-month period.
Lamar Advertising Company’s (LAMR - Free Report) Zacks Consensus Estimate for 2020 FFO per share has moved marginally upward to $6.15 over the past 60 day’s time. Currently, it carries a Zacks Rank of 2. Also, it has gained 23.7% in the past year.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Duke Realty (DRE) to Develop Only LEED-Certified Buildings
Given its efforts to construct projects that are sustainable and environment friendly, Duke Realty Corporation recently announced that it will only develop LEED-certified buildings, commencing this year. Leadership in Energy and Environmental Design, commonly known as LEED, is a registered trademark of the U.S. Green Building Council.
LEED certification is an independent, third-party that verifies whether the developing project meets the highest performance standards. Also, it works to ensure that the strategies used during the development are aimed to save energy, reduce carbon dioxide emissions, improve water efficiency, enhance indoor air quality, effectively use resources and check environmental sensitivity.
Coming to Duke Realty, the announcement is all the more important because it is an eminent domestic-only, logistics property REIT in the United States. While many of the company’s previously developed buildings are LEED certified, the move will further increase its emphasis on reducing waste in landfills and conserving resources, as it will have to adhere to the stringent criteria of LEED certification, going forward.
Per the company’s management, the REIT has remained committed to environmental responsibility for a long time. Its eco-friendly efforts include incorporating sustainable practices in new buildings, modifying the existing properties for energy and water savings, and altering under-utilized sites and functionally obsolete or environmentally contaminated properties into the best possible version of the logistics facilities.
Earlier, in November 2019, Duke Realty had closed a $400 million green bond offering, becoming the first industrial REIT in the United States to do so. The bond, due in 2029, raised funds in order to finance future or refinance the recently completed Eligible Green Projects.
Apart from the corporate sustainability aspect, Duke Realty is likely to enjoy a number of tangible and intangible benefits. With LEED certification, the company’s image will get enhanced, enabling it to retain higher property values. Also, as certification increases the lease-up rates for such buildings, the company can enjoy better pricing.
Shares of this Zacks Rank #2 (Buy) company have rallied 29.2%, outperforming the industry's growth of 19.6% in the past year.
Other Key Picks
Boston Properties, Inc. (BXP - Free Report) currently carries a Zacks Rank of 2 and has gained 15.1% in the past year. The company’s funds from operation (FFO) per share estimates for 2020 have been revised marginally upward to $7.53 in two months’ time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CyrusOne Inc’s Zacks Consensus Estimate for 2020 FFO per share has moved slightly north to $3.92 in the past two months. It carries a Zacks Rank of 2, at present. Moreover, the stock has rallied 29% over the trailing 12-month period.
Lamar Advertising Company’s (LAMR - Free Report) Zacks Consensus Estimate for 2020 FFO per share has moved marginally upward to $6.15 over the past 60 day’s time. Currently, it carries a Zacks Rank of 2. Also, it has gained 23.7% in the past year.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>