Duke Realty Corporation (DRE) has reported a 46.55 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $112.01 million, or $0.32 a share in the quarter, compared with $76.43 million, or $0.22 a share for the same period last year.     

Revenue from real estate activities during the quarter declined 3.56 percent or $8.34 million to $226.20 million.

Cost of revenue dropped 14.80 percent or $12.95 million during the quarter to $74.58 million. Gross margin for the quarter expanded 435 basis points over the previous year period to 67.03 percent.

Operating income for the quarter was $152.45 million, compared with $119.70 million in the previous year period.

For financial year 2016, the company projects diluted earnings per share to be in the range of $0.87 to $1.07.

Income from operating leases during the quarter went up marginally by 2.94 percent or $5.91 million to $206.85 million.

Revenue from other real estate activities during the quarter was $19.35 million, down 42.41 percent or $14.25 million from year-ago period.

Net receivables were at $34.71 million as on Sep. 30, 2016, down 24.23 percent or $11.10 million from year-ago.

Total assets declined 3.89 percent or $277.83 million to $6,862.08 million on Sep. 30, 2016. On the other hand, total liabilities were at $3,353.16 million as on Sep. 30, 2016, down 12.42 percent or $475.31 million from year-ago.

Return on assets moved up 48 basis points to 2.14 percent in the quarter. At the same time, return on equity moved up 88 basis points to 3.19 percent in the quarter.