Boston, MA 05/15/2014 (wallstreetpr) – DCT Industrial Trust Inc. (NYSE:DCT) is a leading American company which is very active in the field of real estate, especially in the United States of America. The company is planning to expand its operations in the other parts of the world in the near future. Recently the company announced the results of Q1 of the current year.
Financial Results:
DCT Industrial Trust Inc. (NYSE:DCT) posted funds from operations of $0.11 per share in the Q1 of the year 2014. The company has done pretty good when it comes to signed leases in the first quarter. According to the data made available by the company, the total signed leases in the first quarter were amounted to 4.4 Million Square Feet.
The company has shown excellent growth in terms of rent. The total growth in the payment received in the form of rent increased by 15.1 Percent YOY basis if taken into consideration GAAP, but if one wants to know the total rent growth on the cash basis, then it was totaled as 5.7% on YOY basis.
DCT Industrial Trust Inc. (NYSE:DCT) posted a significant Same-Store NOI Growth of 0.6% on a cash basis in the first quarter of the current year. Company didn’t grow only in terms of financial efficiency, but the operating occupancy of the company also increased at a good rate. The company posted y 92.8% growth in the Q1, which is way more than what it had in the first quarter of the last year.
The company has touched many milestones in the Q1, one of them is acquisition of 1.0 Million Square Feet land. The company had to pay $49.7 Million for the acquisition of these lands.
In the Q1 of the year 2014, the company managed to sell 767,000 Square feet land and received $38.8 Million for the total sales. DCT Industrial Trust Inc. (NYSE:DCT) also managed to complete the production of 550,000 Square Feet of various new real estate developments.
