DCT Industrial Trust Announces Commencement of Public Offering of Common Stock

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Mon Jun 1, 2009 4:28pm EDT

DENVER, June 1 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc. (the
"Company") (NYSE: DCT) announced today that it has commenced a public offering
of 22,500,000 shares of common stock.  In addition, the Company expects to
grant to the underwriters for the public offering an option for 30 days to
purchase up to 3,375,000 additional shares of common stock to cover
overallotments, if any.  Merrill Lynch & Co., J.P. Morgan and Wachovia
Securities will serve as the joint book-running managers for the offering.

The Company plans to use the net proceeds from the offering for general
corporate purposes, which may include the repayment of debt.  The offering
will be made pursuant to a prospectus supplement to the Company's prospectus,
dated August 8, 2007, filed as part of the Company's effective shelf
registration statement relating to these securities.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities nor will there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or other jurisdiction.

Copies of the preliminary prospectus supplement and accompanying prospectus
relating to these securities may be obtained by contacting:

Merrill Lynch & Co., Attention: Prospectus Department, 4 World Financial
Center, New York, New York 10080; 

J.P. Morgan Securities Inc., Prospectus Library, 4 Chase Metrotech Center, CS
Level, Brooklyn, NY 11425, (718) 242-8002; or

Wachovia Securities, Attn: Equity Syndicate Dept., 375 Park Avenue, New York,
NY 10152, 1-800-326-5897, equity.syndicate@wachovia.com.

About DCT Industrial Trust
DCT Industrial Trust is a leading industrial real estate company that owns,
operates and develops high-quality bulk distribution and light industrial
properties in high-volume distribution markets in the U.S. and Mexico. As of
March 31, 2009, the Company owned, managed or had under development 75.9
million square feet of assets leased to approximately 850 customers, including
14.6 million square feet managed on behalf of three institutional joint
venture partners. Additional information is available at
www.dctindustrial.com.

Forward-Looking Information

The Company makes statements in this document that are considered
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, or the Securities Act, and Section 21E of
the Securities Exchange Act of 1934, as amended, or the Exchange Act, which
are usually identified by the use of words such as "anticipates," "believes,"
"estimates," "expects," "intends," "may," "plans," "projects," "seeks,"
"should," "will," and variations of such words or similar expressions.  The
Company intends these forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and are including this statement for
purposes of complying with those safe harbor provisions.  These
forward-looking statements reflect the Company's current views about its
plans, intentions, expectations, strategies and prospects, which are based on
the information currently available to the Company and on assumptions it has
made.  Although the Company believes that its plans, intentions, expectations,
strategies and prospects as reflected in or suggested by those forward-looking
statements are reasonable, the Company can give no assurance that the plans,
intentions, expectations or strategies will be attained or achieved. 
Furthermore, actual results may differ materially from those described in the
forward-looking statements and will be affected by a variety of risks and
factors that are beyond its control including, without limitation: the
competitive environment in which the Company operates; real estate risks,
including fluctuations in real estate values and the general economic climate
in local markets and competition for tenants in such markets, particularly in
light of the current economic slow-down in the U.S. and internationally;
decreased rental rates or increasing vacancy rates; defaults on or non-renewal
of leases by tenants; acquisition and development risks, including failure of
such acquisitions and development projects to perform in accordance with
projections; the timing of acquisitions and dispositions; natural disasters
such as hurricanes, fires and earthquakes; national, international, regional
and local economic conditions, including, in particular the current economic
slow-down in the U.S. and internationally; the general level of interest rates
and the availability of debt financing, particularly in light of the recent
disruption in the credit markets; energy costs; the terms of governmental
regulations that affect the Company and interpretations of those regulations,
including changes in real estate and zoning laws and increases in real
property tax rates; financing risks, including the risk that the Company's
cash flows from operations may be insufficient to meet required payments of
principal and interest; lack of or insufficient amounts of insurance;
litigation, including costs associated with prosecuting or defending claims
and any adverse outcomes; the consequences of future terrorist attacks;
possible environmental liabilities, including costs, fines or penalties that
may be incurred due to necessary remediation of contamination of properties
presently owned or previously owned by the Company; and other risks and
uncertainties detailed from time to time in DCT Industrial Trust's filings
with the Securities and Exchange Commission.  In addition, the Company's
current and continuing qualification as a REIT involves the application of
highly technical and complex provisions of the Internal Revenue Code of 1986,
or the Code, and depends on its ability to meet the various requirements
imposed by the Code through actual operating results, distribution levels and
diversity of stock ownership.  The Company assumes no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise. 


 
SOURCE  DCT Industrial Trust Inc.

Stuart Brown of DCT Industrial Trust Inc., +1-303-597-2400,
investorrelations@dctindustrial.com
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