Last $7.95 USD
Change Today +0.02 / 0.25%
Volume 3.6M
DCT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

dct industrial trust inc (DCT) Snapshot

Open
$7.93
Previous Close
$7.93
Day High
$7.99
Day Low
$7.92
52 Week High
06/27/14 - $8.26
52 Week Low
09/4/13 - $6.62
Market Cap
2.7B
Average Volume 10 Days
2.5M
EPS TTM
$0.02
Shares Outstanding
333.4M
EX-Date
10/1/14
P/E TM
398.3x
Dividend
$0.28
Dividend Yield
3.52%
Current Stock Chart for DCT INDUSTRIAL TRUST INC (DCT)

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dct industrial trust inc (DCT) Details

DCT Industrial Trust Inc. operates as a publicly owned real estate investment trust. The firm provides its services to companies. Through its fund, it engages in the ownership, operation, and development of real estate properties. The firm specializes in the ownership, acquisition, development, and management of institutional capital management program. It invests in the real estate markets of United States and Mexico. The firm is also invests in selected international markets. It primarily invests in commercial real estate properties, including generic distribution warehouses and light industrial properties. The firm was formerly known as Dividend Capital Trust Inc. DCT Industrial Trust was founded in 2002 and is based in Denver, Colorado with additional offices in Atlanta, Georgia and Dallas, Texas.

136 Employees
Last Reported Date: 02/21/14
Founded in 2002

dct industrial trust inc (DCT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $600.0K
President
Total Annual Compensation: $400.0K
Executive Chairman and Member of Investment C...
Total Annual Compensation: $260.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $300.0K
Managing Director of East Region
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2013.

dct industrial trust inc (DCT) Key Developments

DCT Industrial Trust Names Lisa Ward as Regional Vice President, Atlanta

DCT Industrial Trust Inc. announced that Lisa Ward has joined the company as Regional Vice President, Atlanta. In her role, Lisa will be responsible for overseeing leasing, development and capital deployment activities in the Atlanta, Memphis, Nashville and Charlotte markets. Lisa joins DCT Industrial with more than 25 years of real estate experience, including most recently as Vice President, Leasing with a leading real estate owner, developer and operator. Lisa's tenure in commercial real estate has included various roles in asset management, development, investment sales, marketing and leasing.

DCT Industrial Trust Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year of 2014; Reports Impairment Losses for the Second Quarter of 2014

DCT Industrial Trust Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Funds from operations, as adjusted, attributable to common stockholders and unit holders (FFO) for the second quarter 2014 totaled $41.6 million, or $0.12 per diluted share, compared with $33.6 million, or $0.11 per diluted share, for the second quarter 2013. These results exclude $0.6 million and $0.8 million of acquisition costs for the quarters ending June 30, 2014 and 2013, respectively. Net income attributable to common stockholders for the second quarter 2014 was $6.8 million, or $0.02 per diluted share, compared to $10.8 million, or $0.04 per diluted share, reported for the second quarter 2013. Net operating income (NOI) was $60.2 million in the second quarter 2014, compared with $48.8 million in the second quarter 2013. In the second quarter 2014 same-store NOI, excluding revenue from lease terminations, increased 5.5% on a GAAP basis and 4.2% on a cash basis, when compared to the second quarter 2013. Total revenue was $83,610,000 against $70,031,000 a year ago. Operating income was $15,662,000 against $10,465,000 a year ago. Income from continuing operations was $1,683,000 or $0.01 per diluted share against loss from continuing operations of $4,551,000 or $0.02 per diluted share a year ago. Adjusted net income attributable to common stockholders for the second quarter 2014 was $6,631,000, compared to $10,635,000 reported for the second quarter 2013. FFO attributable to common stockholders and unit holders was $40,987,000 or $0.12 per basic and diluted share against $32,769,000 or $0.10 per basic and diluted share a year ago. Adjusted EBITDA was $58,155,000 against $50,027,000 a year ago. For the six months, the company reported total revenue of $166,993,000 against $138,153,000 a year ago. Operating income was $25,820,000 against $23,182,000 a year ago. Income from continuing operations was $2,142,000 or $0.01 per diluted share against loss from continuing operations of $7,980,000 or $0.03 per diluted share a year ago. Net income attributable to common stockholders for the six months of 2014 was $7,118,000 or $0.02 per diluted share compared to $12,088,000 or $0.04 per diluted share reported for the six months of 2013. Adjusted net income attributable to common stockholders for the six months of 2014 was $6,782,000, compared to $11,742,000 reported for the six months of 2013. FFO attributable to common stockholders and unit holders was $79,214,000 or $0.23 per basic and diluted share against $65,717,000 or $0.21 per basic and diluted share a year ago. Adjusted FFO attributable to common stockholders and unit holders was $80,548,000 or $0.23 per basic and diluted share against $66,922,000 or $0.22 per basic and diluted share a year ago. Adjusted EBITDA was $112,341,000 against $101,452,000 a year ago. For the quarter, the company reported impairment losses of $376,000. The company raised and narrowed 2014 FFO guidance, as adjusted, to $0.46 to $0.48, up from $0.45 to $0.48, per diluted share. This increase is largely the result of strong operating results for the first half of the year and excellent leasing, which has raised the lower end of occupancy and same-store NOI growth expectations. Additionally, net income attributable to common stockholders and unit holders is expected to be between $0.02 and $0.04 per diluted share. The company raising expectations for 2014 same-store NOI growth to between 2.75% and 4% on a cash basis, and to between 3.25% and 4.5% on a GAAP basis.

DCT Industrial Trust Inc. Declares Quarterly Cash Dividend, Payable on October 15, 2014

DCT Industrial Trust Inc.'s Board of Directors has declared a $0.07 per share quarterly cash dividend, payable on October 15, 2014 to stockholders of record as October 3, 2014.

 

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Industry Analysis

DCT

Industry Average

Valuation DCT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.1x
Price/Book 1.7x
Price/Cash Flow 17.3x
TEV/Sales 3.2x
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