Key Developments: DCT Industrial Trust Inc (DCT.N)
8.35USD
22 May 2013
$0.02 (+0.24%)
$8.33
$8.32
$8.35
$8.32
13,129
965,123
$8.37
$5.50
Latest Key Developments (Source: Significant Developments)
Dct Industrial Trust Inc Raises FY 2013 FFO Guidance; Declares Quarterly Cash Dividend
Dct Industrial Trust Inc announced that it has increased fiscal 2013 FFO guidance, as adjusted, to $0.41 to $0.46 per diluted share, up from $0.40 to $0.45. Additionally, net loss attributable to common stockholders and unitholders is expected to be between $(0.07) and $(0.02) per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.0.43 for fiscal 2013. The Company also announced that the Board of Directors has declared a $0.07 per share quarterly cash dividend, payable on July 17, 2013 to stockholders of record as of July 5, 2013. Full Article
Dct Industrial Trust Inc Issues FY 2013 FFO Guidance Above Analysts' Estimates-Conference Call
Dct Industrial Trust Inc announced that for fiscal 2013, it expects FFO with a range of $0.40 to $0.45 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.30 for fiscal 2013. Full Article
Dct Industrial Trust Inc Declares Dividend
Dct Industrial Trust Inc announced that Board of Directors has declared a $0.07 per share quarterly cash dividend, payable on April 17, 2013, to stockholders of record as of April 5, 2013. Full Article
Dct Industrial Trust Inc Announces Promotion of Jeffrey F. Phelan to President
Dct Industrial Trust Inc announced that Jeffrey F. Phelan has been promoted to President of the Company, effective January 1, 2013. Full Article
Dct Industrial Trust Inc Announces Dividend
Dct Industrial Trust Inc announced that its Board of Directors has declared a $0.07 per share quarterly cash dividend, payable on January 10, 2013 to stockholders of record as of December 28, 2012. Full Article
Dct Industrial Trust Inc Raises Low End Of Prior FY 2012 FFO Guidance
Dct Industrial Trust Inc announced that for fiscal 2012, it expects FFO guidance, as adjusted, to $0.40 to $0.42 per diluted share and net loss attributable to common stockholders and unitholders to be between $(0.09) and $(0.07) per diluted share. Full Article
Dct Industrial Trust Inc Announces Closing of Public Offering of Common Stock
Dct Industrial Trust Inc announced that it closed its previously announced public offering of common stock. The Company sold a total of 18,975,000 shares of common stock in the offering, which included the full exercise of the underwriters’ option to purchase additional shares. The net proceeds to the Company from the offering, after underwriting discounts and commissions and estimated offering expenses, are approximately $112.2 million. The Company intends to use the net proceeds received from this offering for future acquisitions, development activities, repayment of amounts outstanding under its senior unsecured revolving credit facility, general corporate purposes, or a combination of the foregoing. BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Citigroup acted as the joint book-running managers for the offering. Full Article
Dct Industrial Trust Inc Announces Pricing Of Public Offering Of Common Stock
Dct Industrial Trust Inc announced that it priced a public offering of 16,500,000 shares of common stock at a price per share of $6.20. In addition, the Company has granted to the underwriters for the public offering an option for 30 days to purchase up to 2,475,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Citigroup acted as the joint book-running managers for the offering. Subject to customary closing conditions, the offering is expected to close on or about September 10, 2012. The estimated net proceeds to the Company from the offering, before giving effect to any exercise of the underwriters’ option to purchase additional shares, are expected to be approximately $97.6 million. The Company intends to use the net proceeds received from this offering for future acquisitions, development activities, repayment of amounts outstanding under its senior unsecured revolving credit facility, general corporate purposes, or a combination of the foregoing. Full Article
Dct Industrial Trust Inc Announces Commencement Of Public Offering Of Common Stock
Dct Industrial Trust Inc announced that it has commenced a public offering of 16,500,000 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 2,475,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Citigroup will serve as the joint book-running managers for the offering. The Company intends to use the net proceeds received from this offering for future acquisitions, development activities, repayment of amounts outstanding under its senior unsecured revolving credit facility, general corporate purposes, or a combination of the foregoing. The offering will be made pursuant to a prospectus supplement to the Company’s prospectus, dated March 23, 2010, filed as part of the Company’s effective shelf registration statement relating to these securities. Full Article
Dct Industrial Trust Inc Announces Under Contract To Purchase 563,000 Square Foot Portfolio
Dct Industrial Trust Inc announced it is under contract to purchase a four asset portfolio totaling 563,000 square feet. The Class A, air freight buildings are ideally located with three facilities in the Los Angeles International Airport submarket and one in the Chicago O’Hare International Airport submarket. Both submarkets are prime distribution locations and are known for their low vacancy rates. The portfolio is currently 99.6% occupied by eight tenants. The Company’s deposit on the four buildings went non-refundable in August of 2012 and is subject only to the loan assumption and standard closing conditions. The off-market transaction is anticipated to close in the fourth quarter of 2012. This acquisition will bring DCT Industrial’s Southern California total consolidated portfolio to 4.5 million square feet and 99.7% occupied and the Company’s Chicago total consolidated portfolio to 4.1 million square feet and 96.3% occupied. Full Article
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