Duck Creek 10-Q 4 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 27, 2018
Entity Information [Line Items]
Entity Registrant Name	DCT Industrial Trust Inc.
Entity Central Index key	1,170,991
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		94,179,468
DCT Industrial Operating Partnership LP [Member]
Entity Information [Line Items]
Entity Registrant Name	DCT Industrial Operating Partnership LP
Entity Central Index key	1,604,042
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Land	$ 1,172,654	$ 1,162,908
Buildings and improvements	3,336,574	3,284,976
Intangible lease assets	60,791	65,919
Construction in progress	162,794	149,994
Total investment in properties	4,732,813	4,663,797
Less accumulated depreciation and amortization	(947,731)	(919,186)
Net investment in properties	3,785,082	3,744,611
Investments in and advances to unconsolidated joint ventures	73,691	72,231
Net investment in real estate	3,858,773	3,816,842
Cash and cash equivalents	12,371	10,522
Restricted cash	68,613	14,768
Straight-line rent and other receivables, net of allowance for doubtful accounts of $413 and $425, respectively	81,980	80,119
Other assets, net	30,958	25,740
Assets held for sale	3,146	62,681
Total assets	4,055,841	4,010,672
Liabilities:
Accounts payable and accrued expenses	95,020	115,150
Distributions payable	35,182	35,070
Tenant prepaids and security deposits	37,174	34,946
Other liabilities	36,511	34,172
Intangible lease liabilities, net	17,915	18,482
Line of credit	264,000	234,000
Senior unsecured notes	1,328,576	1,328,225
Mortgage notes	158,350	160,129
Liabilities related to assets held for sale	91	1,035
Total liabilities	1,972,819	1,961,209
Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding	0	0
Shares-in-trust, $0.01 par value, 100,000,000 shares authorized, none outstanding	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 94,075,171 and 93,707,264 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	941	937
Additional paid-in capital	2,999,304	2,985,122
Distributions in excess of earnings	(1,005,434)	(1,022,605)
Limited Partners:
Accumulated other comprehensive loss	(7,352)	(11,893)
Total stockholders’ equity	1,987,459	1,951,561
Noncontrolling interests	95,563	97,902
Total equity	2,083,022	2,049,463
Total liabilities and equity	4,055,841	4,010,672
DCT Industrial Operating Partnership LP [Member]
ASSETS
Land	1,172,654	1,162,908
Buildings and improvements	3,336,574	3,284,976
Intangible lease assets	60,791	65,919
Construction in progress	162,794	149,994
Total investment in properties	4,732,813	4,663,797
Less accumulated depreciation and amortization	(947,731)	(919,186)
Net investment in properties	3,785,082	3,744,611
Investments in and advances to unconsolidated joint ventures	73,691	72,231
Net investment in real estate	3,858,773	3,816,842
Cash and cash equivalents	12,371	10,522
Restricted cash	68,613	14,768
Straight-line rent and other receivables, net of allowance for doubtful accounts of $413 and $425, respectively	81,980	80,119
Other assets, net	30,958	25,740
Assets held for sale	3,146	62,681
Total assets	4,055,841	4,010,672
Liabilities:
Accounts payable and accrued expenses	95,020	115,150
Distributions payable	35,182	35,070
Tenant prepaids and security deposits	37,174	34,946
Other liabilities	36,511	34,172
Intangible lease liabilities, net	17,915	18,482
Line of credit	264,000	234,000
Senior unsecured notes	1,328,576	1,328,225
Mortgage notes	158,350	160,129
Liabilities related to assets held for sale	91	1,035
Total liabilities	1,972,819	1,961,209
General Partner:
OP Units, 973,166 and 969,565 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	20,748	20,467
Limited Partners:
OP Units, 96,343,447 and 95,986,961 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	2,054,071	2,026,234
Accumulated other comprehensive loss	(7,604)	(12,303)
Total partners' capital	2,067,215	2,034,398
Noncontrolling interests	15,807	15,065
Total capital	2,083,022	2,049,463
Total liabilities and equity	$ 4,055,841	$ 4,010,672

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Straight-line rent and other receivables, allowance for doubtful accounts	$ 413	$ 425
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	0	0
Shares-in-trust, par value (in dollars per share)	$ 0.01	$ 0.01
Shares-in-trust, shares authorized	100,000,000	100,000,000
Shares-in-trust, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	94,075,171	93,707,264
DCT Industrial Operating Partnership LP [Member]
Straight-line rent and other receivables, allowance for doubtful accounts	$ 413	$ 425
General Partner: OP Units issued	973,166	969,565
General Partner: OP Units outstanding	973,166	969,565
Limited Partner: OP Units issued	96,343,447	95,986,961
Limited Partner: OP Units outstanding	96,343,447	95,986,961

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
REVENUES:
Rental revenues	$ 109,423	$ 105,424
Institutional capital management and other fees	384	472
Total revenues	109,807	105,896
OPERATING EXPENSES:
Rental expenses	10,239	9,462
Real estate taxes	16,724	16,766
Real estate related depreciation and amortization	41,232	41,605
General and administrative	7,464	7,192
Casualty gain (loss)	5	(270)
Total operating expenses	75,664	74,755
Operating income	34,143	31,141
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	1,077	1,516
Gain on dispositions of real estate interests	32,190	26
Interest expense	(16,050)	(16,755)
Interest and other income (expense)	34	(5)
Impairment loss on land	(371)	0
Income tax expense and other taxes	(81)	(134)
Consolidated net income	50,942	15,789
Net income attributable to noncontrolling interests	(2,119)	(830)
Net income attributable to common stockholders and OP unitholders	48,823	14,959
Distributed and undistributed earnings allocated to participating securities	(271)	(161)
Adjusted net income attributable to Common Stockholders' and OP Unitholders	$ 48,552	$ 14,798
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.52	$ 0.16
Diluted (in dollars per share)	$ 0.52	$ 0.16
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)	93,812	91,751
Diluted (shares)	93,837	91,884
Distributions declared per common share (in dollars per share)	$ 0.36	$ 0.31
DCT Industrial Operating Partnership LP [Member]
REVENUES:
Rental revenues	$ 109,423	$ 105,424
Institutional capital management and other fees	384	472
Total revenues	109,807	105,896
OPERATING EXPENSES:
Rental expenses	10,239	9,462
Real estate taxes	16,724	16,766
Real estate related depreciation and amortization	41,232	41,605
General and administrative	7,464	7,192
Casualty gain (loss)	5	(270)
Total operating expenses	75,664	74,755
Operating income	34,143	31,141
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	1,077	1,516
Gain on dispositions of real estate interests	32,190	26
Interest expense	(16,050)	(16,755)
Interest and other income (expense)	34	(5)
Impairment loss on land	(371)	0
Income tax expense and other taxes	(81)	(134)
Consolidated net income	50,942	15,789
Net income attributable to noncontrolling interests	(388)	(233)
Net income attributable to common stockholders and OP unitholders	50,554	15,556
Distributed and undistributed earnings allocated to participating securities	(271)	(161)
Adjusted net income attributable to Common Stockholders' and OP Unitholders	$ 50,283	$ 15,395
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.52	$ 0.16
Diluted (in dollars per share)	$ 0.52	$ 0.16
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)	97,135	95,416
Diluted (shares)	97,160	95,549
Distributions declared per common share (in dollars per share)	$ 0.36	$ 0.31

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Consolidated net income	$ 50,942	$ 15,789
Other comprehensive income:
Net derivative gain on cash flow hedging instruments	3,655	361
Net reclassification adjustment on cash flow hedging instruments	1,100	1,486
Other comprehensive income	4,755	1,847
Comprehensive income	55,697	17,636
Comprehensive income attributable to noncontrolling interests	(2,333)	(899)
Comprehensive income attributable to common stockholders and OP unitholders	53,364	16,737
DCT Industrial Operating Partnership LP [Member]
Consolidated net income	50,942	15,789
Other comprehensive income:
Net derivative gain on cash flow hedging instruments	3,655	361
Net reclassification adjustment on cash flow hedging instruments	1,100	1,486
Other comprehensive income	4,755	1,847
Comprehensive income	55,697	17,636
Comprehensive income attributable to noncontrolling interests	(444)	(247)
Comprehensive income attributable to common stockholders and OP unitholders	$ 55,253	$ 17,389

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Distributions in Excess of Net Income [Member]	Accumulated Other Comprehensive Loss [Member]	Non-Controlling Interests [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of revenue accounting change (Note 2)	$ 2,256			$ 2,256
Balance, value at Dec. 31, 2017	$ 2,049,463	$ 937	$ 2,985,122	(1,022,605)	$ (11,893)	$ 97,902
Balance, shares at Dec. 31, 2017	93,707,264	93,707,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 50,942			48,823		2,119
Other comprehensive income	4,755				4,541	214
Issuance of common stock, net of offering costs	10,769	$ 2	10,767
Issuance of common stock, net of offering costs, shares		191,000
Issuance of common stock, stock-based compensation plans	$ (907)	$ 1	(908)
Issuance of common stock, stock-based compensation plans, shares	28,000	28,000
Amortization of stock-based compensation	$ 1,869		440			1,429
Distributions to common stockholders and noncontrolling interests	(35,413)			(33,908)		(1,505)
Capital contributions from noncontrolling interests	443					443
Redemptions of noncontrolling interests	$ (1,155)	$ 1	3,883			(5,039)
Redemptions of noncontrolling interests, shares	31,000	149,000
Balance, value at Mar. 31, 2018	$ 2,083,022	$ 941	$ 2,999,304	$ (1,005,434)	$ (7,352)	$ 95,563
Balance, shares at Mar. 31, 2018	94,075,171	94,075,000

Consolidated Statement Of Chan7

Consolidated Statement Of Changes In Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative effect of revenue accounting change (Note 2)		$ 2,256
Net income	$ 50,942
Other comprehensive income	4,755
Amortization of stock-based compensation	1,869
Capital contributions from noncontrolling interests	443
Non-Controlling Interests [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	2,119
Other comprehensive income	214
Amortization of stock-based compensation	1,429
Capital contributions from noncontrolling interests	443
DCT Industrial Operating Partnership LP [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period	2,049,463
Cumulative effect of revenue accounting change (Note 2)		2,256
Net income	50,942
Other comprehensive income	4,755
Issuance of OP Units, net of selling costs	10,769
Issuance of OP Units, share-based compensation plans	907
Amortization of stock-based compensation	1,869
Distributions to OP Unitholders and noncontrolling interests	(35,413)
Capital contributions from noncontrolling interests	443
Redemption of limited partner OP Units, net	(1,155)
Balance at end of period	2,083,022
DCT Industrial Operating Partnership LP [Member] | Non-Controlling Interests [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period	15,065
Net income	388
Other comprehensive income	56
Distributions to OP Unitholders and noncontrolling interests	(203)
Capital contributions from noncontrolling interests	443
Redemption of limited partner OP Units, net	58
Balance at end of period	15,807
DCT Industrial Operating Partnership LP [Member] | General Partner [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period	$ 20,467
Balance at beginning of period, Units	970
Cumulative effect of revenue accounting change (Note 2)		23
Net income	$ 506
Distributions to OP Unitholders and noncontrolling interests	$ (352)
Conversion of limited partner OP Units to OP Units of general partner, Units	4
Conversion of limited partner OP Units to OP Units of general partner	$ 104
Balance at end of period	$ 20,748
Balance at end of period, Units	974
DCT Industrial Operating Partnership LP [Member] | Limited Partners [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period	$ 2,026,234
Balance at beginning of period, Units	95,987
Cumulative effect of revenue accounting change (Note 2)		$ 2,233
Net income	$ 50,048
Issuance of OP Units, net of selling costs, Units	191
Issuance of OP Units, net of selling costs	$ 10,769
Issuance of OP Units, share-based compensation plans, Units	190
Issuance of OP Units, share-based compensation plans	$ 907
Amortization of stock-based compensation	1,869
Distributions to OP Unitholders and noncontrolling interests	$ (34,858)
Redemption of limited partner OP Units, Units	(21)
Redemption of limited partner OP Units, net	$ (1,213)
Conversion of limited partner OP Units to OP Units of general partner, Units	(4)
Conversion of limited partner OP Units to OP Units of general partner	$ (104)
Balance at end of period	$ 2,054,071
Balance at end of period, Units	96,343
DCT Industrial Operating Partnership LP [Member] | Accumulated Other Comprehensive Loss [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period	$ (12,303)
Other comprehensive income	4,699
Balance at end of period	$ (7,604)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING ACTIVITIES:
Consolidated net income	$ 50,942	$ 15,789
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization	41,232	41,605
Gain on dispositions of real estate interests	(32,190)	0
Distributions of earnings from unconsolidated joint ventures	1,611	1,671
Equity in earnings of unconsolidated joint ventures, net	(1,077)	(1,516)
Impairment loss on land	371	0
Stock-based compensation	1,569	1,426
Casualty gain (loss)	5	(270)
Straight-line rent	(1,634)	(3,392)
Other	1,180	1,338
Changes in operating assets and liabilities:
Other receivables and other assets	(2,385)	250
Accounts payable, accrued expenses and other liabilities	(10,601)	(4,703)
Net cash provided by operating activities	49,023	52,198
INVESTING ACTIVITIES:
Real estate acquisitions	(14,653)	(9,963)
Capital expenditures and development activities	(78,093)	(49,478)
Proceeds from dispositions of real estate investments	98,740	0
Investments in unconsolidated joint ventures	(127)	(3,727)
Proceeds from casualties	0	270
Distributions of investments in unconsolidated joint ventures	383	503
Other investing activities	(1,737)	(2,943)
Net cash provided by (used in) investing activities	4,513	(65,338)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	45,000	93,000
Repayments of senior unsecured revolving line of credit	(15,000)	(61,000)
Proceeds from senior unsecured notes	0	51,940
Repayments of senior unsecured notes	0	(25,000)
Principal payments on mortgage notes	(1,694)	(27,954)
Net settlement on issuance of stock-based compensation awards	(907)	(730)
Proceeds from issuance of common stock	10,963	10,729
Offering costs for issuance of common stock and OP Units	(194)	(464)
Redemption of noncontrolling interests	(1,155)	(780)
Dividends to common stockholders	(33,779)	(28,402)
Distributions paid to noncontrolling interests	(1,522)	(1,310)
Contributions from noncontrolling interests	443	80
Other financing activity	0	(608)
Net cash provided by financing activities	2,155	9,501
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	55,691	(3,639)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	25,845	18,074
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	81,536	14,435
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	14,574	14,264
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	10,145	7,623
Redemptions of OP Units settled in shares of common stock	3,884	1,518
Increase in dividends declared and not paid	(112)	(123)
Decrease in capital expenditures accruals	7,816	6,088
Capitalized stock compensation	300	340
DCT Industrial Operating Partnership LP [Member]
OPERATING ACTIVITIES:
Consolidated net income	50,942	15,789
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization	41,232	41,605
Gain on dispositions of real estate interests	(32,190)	0
Distributions of earnings from unconsolidated joint ventures	1,611	1,671
Equity in earnings of unconsolidated joint ventures, net	(1,077)	(1,516)
Impairment loss on land	371	0
Stock-based compensation	1,569	1,426
Casualty gain (loss)	5	(270)
Straight-line rent	(1,634)	(3,392)
Other	1,180	1,338
Changes in operating assets and liabilities:
Other receivables and other assets	(2,385)	250
Accounts payable, accrued expenses and other liabilities	(10,601)	(4,703)
Net cash provided by operating activities	49,023	52,198
INVESTING ACTIVITIES:
Real estate acquisitions	(14,653)	(9,963)
Capital expenditures and development activities	(78,093)	(49,478)
Proceeds from dispositions of real estate investments	98,740	0
Investments in unconsolidated joint ventures	(127)	(3,727)
Proceeds from casualties	0	270
Distributions of investments in unconsolidated joint ventures	383	503
Other investing activities	(1,737)	(2,943)
Net cash provided by (used in) investing activities	4,513	(65,338)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	45,000	93,000
Repayments of senior unsecured revolving line of credit	(15,000)	(61,000)
Proceeds from senior unsecured notes	0	51,940
Repayments of senior unsecured notes	0	(25,000)
Principal payments on mortgage notes	(1,694)	(27,954)
Net settlement on issuance of stock-based compensation awards	(907)	(730)
Proceeds from the issuance of OP Units in exchange for contributions from the REIT, net	10,769	10,265
OP Unit redemptions	(1,155)	(780)
Dividends to common stockholders	(35,098)	(29,631)
Distributions paid to noncontrolling interests	(203)	(81)
Contributions from noncontrolling interests	443	80
Other financing activity	0	(608)
Net cash provided by financing activities	2,155	9,501
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	55,691	(3,639)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	25,845	18,074
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	81,536	14,435
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	14,574	14,264
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	10,145	7,623
Decrease in capital expenditures accruals	7,816	6,088
Capitalized stock compensation	$ 300	$ 340

Organization

Organization	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in high-demand distribution markets in the United States. DCT's actively managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. As used herein, the terms “Company,” “we,” “our” and “us” refer to DCT Industrial Trust Inc. and its subsidiaries, including its operating partnership, DCT Industrial Operating Partnership LP. When we use the term “DCT” or “DCT Industrial,” we are referring to DCT Industrial Trust Inc. by itself, and not including any of its subsidiaries, and when we use the term “Operating Partnership,” we are referring to DCT Industrial Operating Partnership LP by itself, and not including any of its subsidiaries. DCT was formed as a Maryland corporation in April 2002 and has elected to be treated as a real estate investment trust, or REIT, for U.S. federal income tax purposes. We are structured as an umbrella partnership REIT under which substantially all our current and future business is, and will be, conducted through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP, a Delaware limited partnership, for which DCT is the sole general partner. DCT owns properties through the Operating Partnership and its subsidiaries. As of March 31, 2018 , DCT owned approximately 96.7% of the outstanding equity interests in the Operating Partnership. As of March 31, 2018 , the Company owned interests in approximately 73.7 million square feet of properties leased to approximately 840 customers, including: • 63.3 million square feet comprising 393 consolidated operating properties, including five properties totaling 101,000 square feet classified as held for sale, that were 97.7% occupied; • 1.7 million square feet comprising six consolidated properties developed by DCT which are shell-construction complete and in lease-up; • 0.1 million square feet comprising one consolidated property under redevelopment; • 1.0 million square feet comprising four consolidated value-add acquisitions; and • 7.6 million square feet comprising 21 unconsolidated properties that were 99.2% occupied and which we operated on behalf of two unconsolidated joint ventures. In addition, the Company has 20 projects under construction and 13 projects in pre-development. See “Note 3 – Investment in Properties” for further details related to our development activity.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements include all adjustments, consisting of normal recurring items, necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with our audited Consolidated Financial Statements as of December 31, 2017 and related notes thereto included in our Form 10-K filed on February 16, 2018. Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements include the financial position, results of operations and cash flows of the Company, the Operating Partnership, their wholly-owned qualified REIT subsidiaries and taxable REIT subsidiaries, and their consolidated joint ventures in which they have a controlling interest. Equity interests in the Operating Partnership held by entities other than DCT are classified within partners’ capital in the Operating Partnership’s financial statements and as noncontrolling interests in DCT’s financial statements. Equity interests in entities consolidated into the Operating Partnership that are held by third parties are reflected in our accompanying balance sheets as noncontrolling interests. We also have noncontrolling partnership interests in unconsolidated institutional capital management and other joint ventures, which are accounted for under the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. We hold interests in both consolidated and unconsolidated joint ventures for the purposes of operating and developing industrial real estate. All joint ventures over which we have financial and operating control, and variable interest entities (“VIEs”) in which we have determined that we are the primary beneficiary, are included in the Consolidated Financial Statements. We use the equity method of accounting for joint ventures where we exercise significant influence, but do not have control over major operating and management decisions and we include our share of earnings or losses of these joint ventures in our consolidated results of operations. We analyze our joint ventures in accordance with GAAP to determine whether they are VIEs and, if so, whether we are the primary beneficiary. Our judgment with respect to our level of influence or control over an entity and whether we are the primary beneficiary of a VIE involves consideration of various factors including the form of our ownership interest, our representation on the entity’s board of directors (or equivalent body), the size of our investment (including loans), our obligation or right to absorb its losses or receive its benefits and our ability to participate in major decisions. If a joint venture does not meet the characteristics of a VIE, we apply the voting interest model to determine whether the entity should be consolidated. Our ability to assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and our financial position and results of operations. We concluded our Operating Partnership meets the criteria of a VIE as the Operating Partnership’s limited partners do not have the right to remove the general partner and do not have substantive participating rights in the operations of the Operating Partnership. Under the Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”), DCT is the primary beneficiary of the Operating Partnership as we have the obligation to absorb losses and receive benefits, and the power to control substantially all the activities which most significantly impact the economic performance of the Operating Partnership. Accordingly, the Operating Partnership is consolidated within DCT’s financial statements. Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash held in financial institutions and other highly liquid short-term investments with original maturities of three months or less. We have not realized any losses in our cash and cash equivalents and believe that these short-term instruments are not exposed to any significant credit risk. Restricted cash consists of escrow deposits held by lenders for real estate taxes, insurance and capital replacement reserves, security deposits and amounts held by intermediary agents to be used for tax-deferred, like-kind exchange transactions. As of March 31, 2018 , approximately $67.4 million of restricted cash was included in “Cash, Cash Equivalents and Restricted Cash” in our Consolidated Statements of Cash Flows related to tax deferred, like-kind exchange transactions. The following table presents a reconciliation of cash, cash equivalents and restricted cash reported within our Consolidated Balance Sheets to amounts reported within our Consolidated Statements of Cash Flows (in thousands): As of March 31, 2018 2017 Cash and cash equivalents $ 12,371 $ 12,353 Restricted cash 68,613 1,651 Restricted cash included in Other assets, net (1) 552 431 Total cash, cash equivalents and restricted cash $ 81,536 $ 14,435 (1) Includes cash balances presented in assets held for sale in our Consolidated Balance Sheets. Revenue Recognition At the inception of a new lease arrangement, including new leases that arise from amendments, we assess the terms and conditions to determine the proper lease classification. A lease arrangement is classified as an operating lease if none of the following criteria are met: (i) transfer of ownership to the lessee, (ii) lessee has a bargain purchase option during or at the end of the lease term, (iii) the lease term is equal to 75% or more of the underlying property’s economic life, or (iv) the present value of future minimum lease payments (excluding executory costs) are equal to 90% or more of the excess estimated fair value (over retained investment tax credits) of the leased building. Generally, our leases do not meet any of the listed criteria above and are classified as operating leases. We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, receivables from tenants that we expect to collect over the remaining lease term are recorded on the balance sheet as straight-line rent receivables. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $1.6 million and $3.4 million for the three months ended March 31, 2018 , and 2017 , respectively. If the lease provides for tenant improvements, we determine whether the tenant improvements are owned by the tenant or us. When we are the owner of the tenant improvements, the tenant generally is not considered to have taken physical possession or have control of the leased asset until the tenant improvements are substantially complete. When we are the owner of the tenant improvements, any tenant improvements funded by the tenant are treated as lease payments which are deferred and amortized into rental revenues over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of rental revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company generally has control for fulfillment of services and other costs that are reimbursable, with respect to purchasing goods and services from third party suppliers. Tenant recovery income recognized as “Rental revenues” was approximately $26.9 million and $25.9 million for the three months ended March 31, 2018 and 2017 , respectively. We maintain an allowance for estimated losses that may result from the inability of our customers to make required payments. If a customer fails to make contractual payments beyond any allowance, we may recognize additional bad debt expense in future periods equal to the net outstanding balances. In connection with property acquisitions qualifying as asset acquisitions or business combinations, we may acquire leases with rental rates above or below the market rental rates. Such differences are recorded as an intangible lease asset or liability and amortized to “Rental revenues” over the reasonably assured term of the related leases. We consider a reasonably assured term to be the measurement period equal to the remaining non-cancelable term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The unamortized balances of these assets and liabilities associated with the early termination of leases are fully amortized to their respective revenue line items in our Consolidated Statements of Operations on a straight-line basis over the estimated remaining contractual lease term. The total net impact to “Rental revenues” due to the amortization of above and below market rents was an increase of approximately $0.7 million for the three months ended March 31, 2018 and 2017 . Early lease termination fees are recorded in “Rental revenues” on a straight-line basis over the estimated remaining contractual lease term or upon collection if collectability is not assured. Early lease termination fees were approximately $0.4 million and $0.5 million for the three months ended March 31, 2018 and 2017 , respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements. These are included in our Consolidated Statements of Operations in “Institutional capital management and other fees.” We recognize revenues from asset management fees, acquisition fees, property management fees and fees for other services when the related underlying performance obligations to the customer are satisfied, which is when the services are performed. New Accounting Standards New Accounting Standards Adopted In May 2014, FASB issued ASU 2014-09 Revenue from Contracts with Customers (“ASU 2014-09”), that requires companies to recognize revenue from contracts with customers based upon the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. The FASB subsequently issued additional ASUs which improve guidance and provide clarification of the new standard. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company adopted the standard effective January 1, 2018 and utilized the modified retrospective transition method. Given the nature of our business, our primary revenue stream is from relatively short-term operating leases with tenants. Additionally, our historical property dispositions have been cash sales with no contingencies and no future involvement in the property operations. Our revenues that are under the scope of ASU 2014-09 are related to our asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements, which are included in our Consolidated Statements of Operations in “Institutional capital management and other fees" as shown below: As of March 31, 2018 2017 Rental revenues $ 109,423 $ 105,424 Institutional capital management and other fees 384 472 Total revenues $ 109,807 $ 105,896 Substantially all of our revenues are generated from lease rentals, which fall under the scope of the new lease accounting ASU discussed below in New Accounting Standards Issued but not yet Adopted . We are still evaluating the treatment of nonlease components in our leases that primarily relate tenant recovery income for such items as common area maintenance expenses, which are also under the scope of the new lease accounting ASU. As a result of adoption, the total impact to our financial statements in the first quarter of 2018 was a cumulative adjustment recorded as an increase of $2.3 million to “Investments in and advances to unconsolidated joint ventures” and a decrease to “Distributions in excess of earnings” related to the de-recognition of deferred gains related to a previous contributions of real estate properties into our joint ventures. No other material impacts to the Consolidated Financial Statements and related disclosures or internal control environment were identified upon adoption. New Accounting Standards Issued but not yet Adopted In February 2016, the FASB issued an ASU that modifies existing accounting standards for lease accounting. The new standard requires a lessee to record a lease asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. Leases in which we are the lessors will be accounted as sales-type leases, direct financing leases or operating leases. Revenue related to the lease components of a lease contract will be recognized on a straight-line basis. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company has a limited number of office and ground leases which will require further evaluation by the Company, but we anticipate they will be treated as operating leases, which will result in the Company recording a lease liability for our obligation for payments over the remaining lease term and an offsetting right-of-use asset in our Consolidated Balance Sheets. As disclosed in our annual Consolidated Financial Statements as of December 31, 2017 and related notes thereto included in our Form 10-K, we had $18.9 million of future noncancelable lease payments primarily related to our office and ground leases that will be required to be recorded on our Consolidated Balance Sheets. Our operating leases for which we are the lessee will generally have an expense pattern consistent with our historical recognition for operating leases. We don't anticipate the impact of the lease accounting ASU for leases in which we are the lessee to have a material impact on our Consolidated Financial Statements. Leases in which we are the lessor will continue to be accounted for as operating leases with minimal impact on the Company's financial condition or results of operation; however, this standard may impact the timing of recognition and disclosures related to our tenant recovery income earned from leasing our consolidated operating properties. As such, we are currently evaluating the impact of nonlease components such as tenant recovery income. Additionally, the standard only allows for the capitalization of the initial direct costs that would have been incurred if the lease had not been obtained. The adoption of this guidance will impact our current policy regarding the capitalization of internal direct costs related to the successful origination of new leases and likely will reduce the amount of costs we currently capitalize for new leases. During the three months ended March 31, 2018 , we capitalized $0.8 million of internal direct costs related to successful origination of new leases. We are currently evaluating the impacts of the new lease standard, which includes taking inventory of leases in which we are the lessee, changing internal policies and processes with regards to the cost to obtain leases, evaluating the appropriate accounting treatment for nonlease elements in which we are the lessor and evaluating the impact on our internal controls. The standard requires a modified retrospective transition approach for all capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with an option to use certain transition relief. The Company expects to adopt this standard effective January 1, 2019.

Investment In Properties

Investment In Properties	3 Months Ended
	Mar. 31, 2018
Investments [Abstract]
Investment In Properties	Investment in Properties Our consolidated investment in properties consists of our operating portfolio, value-add acquisitions, properties under development, properties in pre-development, redevelopment properties and land held for development or other purposes. The historical cost of our investment in properties was (in thousands): As of March 31, 2018 As of December 31, 2017 Operating portfolio $ 4,261,599 $ 4,249,242 Properties under development 320,062 280,492 Properties in pre-development 60,412 51,883 Properties under redevelopment (1) 9,838 9,481 Value-add acquisitions (2) 77,246 68,673 Land held (3) 3,656 4,026 Total investment in properties 4,732,813 4,663,797 Less accumulated depreciation and amortization (947,731 ) (919,186 ) Net investment in properties $ 3,785,082 $ 3,744,611 (1) Represents properties out of service while significant physical renovation of the property is underway or while the property is in lease-up subsequent to such renovation. May include properties taken out of service to change the properties' use and/or enhance its functionality. (2) Consolidated properties that were acquired and upon acquisition met either of the following criteria: • Occupancy of less than 75% upon acquisition; or • Occupancy of less than 75% expected to occur due to known move-outs within 24 months of the acquisition date. Consolidated properties that were acquired vacant or with known move-outs within 24 months of the acquisition date with the intention to have the property out of service for significant physical renovations are classified as redevelopment properties. (3) Land held that is not intended to be improved or developed in the near future. Acquisition Activity During the three months ended March 31, 2018 , we acquired one building totaling approximately 37.0 thousand square feet located in our Northern California market for a total purchase price of approximately $7.1 million . The building is classified as a Value-Add Acquisition as it was acquired via a sale-leaseback transaction with a short lease that expires on August 31, 2018. Development Activity Our properties under development include the following: • Six buildings in our Chicago, Dallas, Denver and Northern California markets totaling approximately 1.7 million square feet that we completed shell-construction as of March 31, 2018 with cumulative costs to date of approximately $106.8 million . These properties are 15.2% leased and occupied based on weighted average square feet as of March 31, 2018 . • Twenty projects under construction totaling approximately 4.2 million square feet with cumulative costs to date of approximately $213.3 million . During the three months ended March 31, 2018 , we acquired approximately 9.2 acres of land for development in our Southern California market for approximately $7.3 million . Disposition Activity During the three months ended March 31, 2018 , we sold six consolidated operating properties totaling approximately 1.9 million square feet from our Atlanta, Charlotte, Memphis, Northern California and Phoenix markets to third-parties for gross proceeds of approximately $100.9 million . We recognized gains of approximately $32.2 million on the disposition of these properties. Impairment Loss on Land During the three months ended March 31, 2018 , the Company recognized a $0.4 million impairment loss on land held and used. Located in Reno, Nevada, the land was being held for future development. The land is currently under contract and in due diligence. Based on the Company’s intent to sell and various market estimates, we recorded an impairment to recognize the land at estimated fair value, which was primarily based on level 3 fair value inputs. Intangible Lease Assets and Liabilities Aggregate amortization expense for intangible lease assets recognized in connection with property acquisitions (excluding assets and liabilities related to above and below market rents; see “Note 2 – Summary of Significant Accounting Policies” for additional information) was approximately $2.2 million and $2.8 million for the three months ended March 31, 2018 and 2017 , respectively. Our intangible lease assets and liabilities included the following (in thousands): As of March 31, 2018 As of December 31, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 57,657 $ (34,125 ) $ 23,532 $ 62,785 $ (37,114 ) $ 25,671 Above market rent $ 3,134 $ (1,870 ) $ 1,264 $ 3,134 $ (1,756 ) $ 1,378 Below market rent $ (28,624 ) $ 10,709 $ (17,915 ) $ (28,883 ) $ 10,401 $ (18,482 )

Investments In And Advances To

Investments In And Advances To Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	Investments in and Advances to Unconsolidated Joint Ventures We enter into joint ventures primarily for purposes of operating and developing industrial real estate. Our investments in these joint ventures are included in “Investments in and advances to unconsolidated joint ventures” in our Consolidated Balance Sheets. The following table summarizes our unconsolidated joint ventures (dollars in thousands): As of March 31, 2018 Investments in and Advances to as of Ownership Percentage Number of Buildings March 31, December 31, Unconsolidated Joint Ventures Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 38,595 $ 36,630 TRT-DCT Venture III 10.0 % — 220 220 Total Institutional Joint Ventures 13 38,815 36,850 Other: SCLA (1) 50.0 % 8 34,876 35,381 Total 21 $ 73,691 $ 72,231 (1) Although we contributed 100% of the initial cash equity capital required by the venture, after return of certain preferential distributions on capital invested, profits and losses are generally split 50 / 50 . Guarantees There are no lines of credit or side agreements related to, or between, our unconsolidated joint ventures and us, and there are no derivative financial instruments between our unconsolidated joint ventures and us. In addition, we do not believe we have any material exposure to financial guarantees.

Financial Instruments And Hedgi

Financial Instruments And Hedging Activities	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Financial Instruments And Hedging Activities	Financial Instruments and Hedging Activities Fair Value of Financial Instruments As of March 31, 2018 , and December 31, 2017 , the fair values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximated their carrying values due to the short-term nature of settlement of these instruments. The fair values of other financial instruments subject to fair value disclosures were determined based on available market information and valuation methodologies we believe to be appropriate estimates for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates. Our estimates may differ from the actual amounts that we could realize upon disposition. The following table summarizes these financial instruments (in thousands): As of March 31, 2018 As of December 31, 2017 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Borrowings: (1) Senior unsecured revolving credit facility $ 264,000 $ 264,000 $ 234,000 $ 234,000 Fixed rate debt (2) $ 1,368,622 $ 1,390,321 $ 1,370,421 $ 1,419,518 Variable rate debt $ 125,000 $ 122,125 $ 125,000 $ 123,020 Interest rate contracts: Interest rate swap asset (3) $ 7,387 $ 7,387 $ 3,866 $ 3,866 (1) The fair values of our borrowings were estimated using a discounted cash flow methodology. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values. (2) The carrying amount of our fixed rate debt includes premiums and discounts and excludes deferred loan costs. (3) The fair values of our interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows based on an expectation of future interest rates derived from Level 2 observable market interest rate curves. The asset or liability is included in “Other assets, net” or “Other liabilities,” respectively, in our Consolidated Balance Sheets. Hedging Activities To manage interest rate risk for variable rate debt and issuances of fixed rate debt, we primarily use treasury locks and interest rate swaps as part of our cash flow hedging strategy. These derivatives are designed to mitigate the risk of future interest rate increases by providing a fixed interest rate for a limited, pre-determined period of time. Such derivatives have been used to hedge the variability in existing and future interest expense associated with existing variable rate borrowings and forecasted issuances of debt, which may include issuances of new debt, as well as refinancing of existing debt upon maturity. Accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the designation of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. For derivatives designated as “cash flow” hedges, the change in the fair value of the derivative is initially reported in “Other comprehensive income” (“OCI”) in our Consolidated Statements of Comprehensive Income (i.e., not included in earnings) and subsequently reclassified into “Interest expense” when the hedged transaction affects earnings or the hedging relationship is no longer highly effective. We assess the effectiveness of each hedging relationship whenever financial statements are issued or earnings are reported and at least every three months. We do not use derivatives for trading or speculative purposes. During June 2013 , certain of our consolidated ventures entered into two pay-fixed, receive-floating interest rate swaps to hedge the variability of future cash flows attributable to changes in the 1 month USD LIBOR rates. The pay-fixed, receive-floating interest rate swaps have an effective date of June 2013 and a maturity date of June 2023 . These interest rate swaps effectively fix the interest rate on the related debt instruments at 4.72% . As of March 31, 2018 , and December 31, 2017 , we had borrowings payable subject to these pay-fixed, receive-floating interest rate swaps with aggregate principal balances of approximately $6.4 million for both periods presented. During December 2015 , we entered into a pay-fixed, receive-floating interest rate swap to hedge the variability of future cash flows attributable to changes in the 1 month USD LIBOR rates on our $200.0 million unsecured term loan. The pay-fixed, receive-floating interest rate swap has an effective date of December 2015 and a maturity date of December 2022 . During December 2017, we amended the senior unsecured term loan, lowering our margin to between .90% to 1.75% per annum effective January 1, 2018. The interest rate swap effectively fixes the interest rate on the related debt instrument at 2.81% , however, there is no floor on the variable interest rate of the swap whereas the current variable rate debt is subject to a 0.0% floor. In the event that USD LIBOR is negative, the Company will make payments to the hedge counterparty equal to the negative spread between USD LIBOR and zero. As of March 31, 2018 , and December 31, 2017 , the entire $200.0 million principal amount of the term loan was subject to this pay-fixed, receive-floating interest rate swap. The following table presents the effect of our derivative financial instruments on our accompanying Consolidated Financial Statements (in thousands): For the Three Months Ended March 31, 2018 2017 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of gain recognized in OCI for derivatives $ 3,655 $ 361 Amount of loss reclassified from accumulated OCI for derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,100 ) $ (1,486 ) Amount of loss recognized in interest expense (ineffective portion and amount excluded from effectiveness testing) $ — $ (30 ) Amounts reported in “Accumulated other comprehensive loss” related to derivatives will be amortized to “Interest expense” as interest payments are made on our current debt and anticipated debt issuances. During the next 12 months, we estimate that approximately $2.9 million will be reclassified from “Accumulated other comprehensive loss” to “Interest expense” resulting in an increase in interest expense.

Outstanding Indebtedness

Outstanding Indebtedness	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Outstanding Indebtedness	Outstanding Indebtedness As of March 31, 2018 , our outstanding indebtedness of approximately $1.8 billion consisted of senior unsecured notes, bank unsecured credit facilities and mortgage notes, excluding approximately $51.7 million representing our proportionate share of non-recourse debt associated with unconsolidated joint ventures. As of December 31, 2017 , our outstanding indebtedness of approximately $1.7 billion consisted of senior unsecured notes, bank unsecured credit facilities and mortgage notes, excluding approximately $51.9 million representing our proportionate share of non-recourse debt associated with unconsolidated joint ventures. As of March 31, 2018 , the gross book value of our consolidated properties was approximately $4.7 billion and the gross book value of all properties securing our mortgage debt was approximately $0.5 billion . As of December 31, 2017 , the gross book value of our consolidated properties was approximately $4.7 billion and the gross book value of all properties securing our mortgage debt was approximately $0.5 billion . Our debt has various covenants with which we were in compliance as of March 31, 2018 and December 31, 2017 . Line of Credit As of March 31, 2018 , we had $264.0 million outstanding and $134.1 million available under our $400.0 million senior unsecured revolving credit facility, net of two letters of credit totaling $1.9 million . As of December 31, 2017 , we had $234.0 million outstanding and $164.1 million available under our $400.0 million senior unsecured revolving credit facility, net of two letters of credit totaling $1.9 million . Guarantee of Debt DCT has guaranteed the Operating Partnership’s obligations with respect to the senior unsecured notes and the bank unsecured credit facilities.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests DCT Noncontrolling interests are the portion of equity, or net assets, in a subsidiary not attributable, directly or indirectly, to a parent. Noncontrolling interests of DCT primarily represent limited partnership interests in the Operating Partnership and equity interests held by third party partners in consolidated real estate investments. Operating Partnership Equity interests in the Operating Partnership held by third-parties and LTIP Units, as defined in “Note 8 – Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership,” are classified as permanent equity of the Operating Partnership and as noncontrolling interests of DCT in the Consolidated Balance Sheets .

Stockholders' Equity of DCT and

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership DCT Common Stock As of March 31, 2018 , approximately 94.1 million shares of common stock were issued and outstanding. On September 10, 2015, we registered a continuous equity offering program whereby the Company may issue 5.0 million shares of common stock, at a par value of $0.01 per share, from time-to-time through September 10, 2018 in “at-the-market” offerings or certain other transactions. During the three months ended March 31, 2018 , we issued approximately 0.2 million shares of common stock through the continuous equity offering program, at a weighted average price of $57.36 per share for proceeds of approximately $10.8 million , net of offering costs. We used the proceeds for general corporate purposes, including funding developments and redevelopments. As of March 31, 2018 , approximately 0.5 million shares of common stock remain available to be issued under the current offering. During the three months ended March 31, 2018 and 2017 , we issued approximately 28,000 and 31,000 shares of common stock in each corresponding period related to vested shares of restricted stock. Operating Partnership OP Units For each share of common stock issued by DCT, the Operating Partnership issues a corresponding OP Unit to DCT in exchange for the contribution of the proceeds from the stock issuances. As of March 31, 2018 , and December 31, 2017 , DCT owned approximately 96.7% and 96.6% , respectively, of the outstanding equity interests in the Operating Partnership. The remaining common partnership interests in the Operating Partnership were owned by executives of the Company and non-affiliated limited partners. DCT holds its interests through both general and limited partner units. The Partnership Agreement stipulates the general partner shall at all times own a minimum of 1.0% of all outstanding OP Units. As a result, each reporting period certain of DCT’s limited partner units are converted to general partner units to satisfy this requirement as illustrated in the Consolidated Statement of Changes in Capital. Limited partners have the right to require the Company to redeem all or a portion of the OP Units held by the limited partner at a redemption price equal to and in the form of the Cash Amount (as defined in the Partnership Agreement) provided that such OP Units have been outstanding for at least one year. The Company may, in its sole discretion, purchase the OP Units by paying to the limited partner either the Cash Amount or the REIT Shares Amount (generally one share of DCT’s common stock for each OP Unit), as defined in the Partnership Agreement. During the three months ended March 31, 2018 , approximately 31,000 OP Units were redeemed, which were all in shares of DCT common stock. During the three months ended March 31, 2017 , approximately 56,000 OP Units were redeemed for approximately $0.8 million in cash and approximately 40,000 shares of DCT common stock. The OP Unit redemptions exclude LTIP Unit redemptions, see “LTIP Units” below for a summary of LTIP Unit redemptions. As of March 31, 2018 , and December 31, 2017 , there were approximately 3.2 million outstanding OP Units held by entities other than DCT and redeemable, with an aggregate redemption value of approximately $182.6 million and $191.0 million based on the $56.34 and $58.78 per share closing price of DCT’s common stock on March 31, 2018 and December 31, 2017 , respectively. As of March 31, 2018 and December 31, 2017 , included in OP Units were approximately 0.8 million vested LTIP Units issued under our Long-Term Incentive Plan, as amended. Equity-Based Compensation On October 10, 2006, the Company established the Long-Term Incentive Plan, as amended, to grant restricted stock, stock options and other awards to our personnel and directors, as defined in the plan. Awards granted under this plan are measured at fair value on the grant date and amortized to compensation expense on a straight-line basis over the service period during which the awards vest. Such expense is included in “General and administrative” expense in our Consolidated Statements of Operations. Restricted Stock Holders of restricted stock have voting rights and rights to receive dividends equally along with common shares. Restricted stock may not be sold, assigned, transferred, pledged or otherwise disposed of and is subject to a risk of forfeiture prior to the expiration of the applicable vesting period. Restricted stock is recorded at fair value on the date of grant, based on the closing price of our common stock, and amortized to compensation expense on a straight-line basis over the service period during which the stock vests. Restricted stock generally vests ratably over a period of four or five years, depending on the grant. During the three months ended March 31, 2018 , we granted approximately 29,000 shares of restricted stock to certain officers and employees at the weighted average fair market value of $58.05 per share. LTIP Units Pursuant to the Long-Term Incentive Plan, as amended, the Company may grant limited partnership interests in the Operating Partnership called LTIP Units. LTIP Units generally vest ratably over a period of four to five years, depending on the grant. In addition to vesting, the implied or actual value of DCT common stock or OP Units per share/unit must be greater than the grant date fair value of the LTIP Units to be redeemable, which is a based on a conversion ratio. As such, vested LTIP Units may be redeemed by the Company in cash or in shares of DCT common stock, at the discretion of the Company, for a maximum of a one-for-one basis with common shares based on the conversion ratio, subject to certain restrictions of the Partnership Agreement. LTIP Units receive distributions equally along with common shares. LTIP Unit equity compensation is amortized to compensation expense over the service period during which the units vest. During the three months ended March 31, 2018 , approximately 0.1 million LTIP Units were granted to certain senior executives, which vest over a four year period with fair value per LTIP Unit of $54.29 which totals approximately $7.2 million at the date of grant as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using a weighted average volatility factor of 18% , a weighted average risk-free interest rate of 2.51% and an assumed holding period of 5 years. During the three months ended March 31, 2018 , approximately 118,000 vested LTIP Units were converted into approximately 118,000 shares of DCT common stock and approximately 21,000 vested LTIP Units were redeemed for approximately $1.2 million in cash. As of March 31, 2018 , approximately 1.2 million LTIP Units were outstanding.

Net Earnings Per Share_Unit

Net Earnings Per Share/Unit	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Net Earnings Per Share/Unit	Net Earnings per Share/Unit We use the two-class method of computing net earnings per common share/unit which is an earnings allocation formula that determines net earnings per share/unit for common stock/unit and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Under the two-class method, net earnings per common share/unit are computed by dividing the sum of distributed earnings to common stockholders/OP Unitholders and undistributed earnings allocated to common stockholders/OP Unitholders by the weighted average number of common shares/units outstanding for the period. A participating security is defined by GAAP as an unvested share-based payment award containing non-forfeitable rights to dividends and must be included in the computation of earnings per share/unit pursuant to the two-class method. Nonvested restricted stock, phantom stock and LTIP Units are considered participating securities as these share-based awards contain non-forfeitable rights to dividends irrespective of whether the awards ultimately vest or expire. DCT The following table presents the computation of basic and diluted weighted average common shares outstanding (in thousands): For the Three Months Ended March 31, 2018 2017 Denominator Weighted average common shares outstanding – basic 93,812 91,751 Effect of dilutive securities: Stock options 25 133 Weighted average common shares outstanding – diluted 93,837 91,884 Operating Partnership The following table presents the computation of basic and diluted weighted average OP Units outstanding (in thousands): For the Three Months Ended March 31, 2018 2017 Denominator Weighted average OP Units outstanding – basic 97,135 95,416 Effect of dilutive securities: Stock options 25 133 Weighted average OP Units outstanding – diluted 97,160 95,549 DCT and the Operating Partnership Potentially Dilutive Shares For the three months ended March 31, 2018 and 2017 , DCT excluded from net earnings per diluted share the weighted average common share equivalents related to 3.3 million and 3.7 million OP Units, respectively, because their effect would be anti-dilutive.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s segments are based on our internal reporting of operating results used to assess performance based on our properties’ geographical markets. Our markets are aggregated into three reportable regions or segments, East, Central and West, which are based on the geographical locations of our properties. Management considers rental revenues and property net operating income (“NOI”) aggregated by segment to be the appropriate way to analyze our performance. The following table presents our total assets, net of accumulated depreciation and amortization, by segment (in thousands): As of March 31, 2018 As of December 31, 2017 Segments: East assets $ 1,086,894 $ 1,125,085 Central assets 1,195,633 1,187,663 West assets 1,597,232 1,582,436 Total segment net assets 3,879,759 3,895,184 Non-segment assets: Non-segment cash and cash equivalents 12,371 10,522 Other non-segment assets (1) 163,711 104,966 Total assets $ 4,055,841 $ 4,010,672 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables, restricted cash and other assets. The following table presents the rental revenues of our segments and a reconciliation of our segment rental revenues to our reported consolidated total revenues (in thousands): For the Three Months Ended March 31, 2018 2017 East $ 31,389 $ 31,661 Central 37,186 34,598 West 40,848 39,165 Rental revenues 109,423 105,424 Institutional capital management and other fees 384 472 Total revenues $ 109,807 $ 105,896 The following table presents a reconciliation of our reported “Net income attributable to common stockholders” to our property NOI and property NOI of our segments (in thousands): For the Three Months Ended March 31, 2018 2017 Net income attributable to common stockholders $ 48,823 $ 14,959 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. 1,731 597 Net income attributable to OP Unitholders $ 50,554 $ 15,556 Net income attributable to noncontrolling interests of the Operating Partnership 388 233 Institutional capital management and other fees (384 ) (472 ) Gain on dispositions of real estate interests (32,190 ) (26 ) Real estate related depreciation and amortization 41,232 41,605 Casualty loss (gain) 5 (270 ) General and administrative expense 7,464 7,192 Equity in earnings of unconsolidated joint ventures, net (1,077 ) (1,516 ) Interest expense 16,050 16,755 Interest and other (income) expense (34 ) 5 Impairment loss on land 371 — Income tax expense and other taxes 81 134 Property NOI (1) $ 82,460 $ 79,196 East $ 24,227 $ 24,218 Central 26,367 24,510 West 31,866 30,468 Property NOI (1) $ 82,460 $ 79,196 (1) Property NOI is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty gains and losses, gain on dispositions of real estate interests, impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income and income tax expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our overall financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Assets Held for Sale Assets Hel

Assets Held for Sale Assets Held for Sale	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Assets Held for Sale As of March 31, 2018 , five properties in our Central operating segment were classified as held for sale and are reported at the lower of carrying value or estimated fair value less estimated cost to sell. We completed the sales of these properties in April 2018.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events GAAP requires an entity to disclose events that occur after the balance sheet date but before financial statements are issued or are available to be issued (“subsequent events”) as well as the date through which an entity has evaluated subsequent events. There are two types of subsequent events. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements, (“recognized subsequent events”). The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (“nonrecognized subsequent events”). Proposed Merger with Prologis, Inc. On April 29, 2018, the Company and the Operating Partnership entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Prologis, Inc. (“Prologis”) and Prologis, L.P. ("PLDOP"), pursuant to which the Company will be merged with and into Prologis, and the Operating Partnership will be merged into PLDOP. The merger consideration will be approximately $8.4 billion in a stock-for-stock transaction, including the assumption of debt. Under the terms of the Merger Agreement, DCT stockholders and OP Unitholders will receive 1.02 Prologis shares and limited partnership interests in PLDOP, respectively, for each DCT share or OP Unit they own. The boards of directors of both companies have unanimously approved the transaction. The transaction, which is currently expected to close in the third quarter of 2018, is subject to the approval of DCT stockholders and other customary closing conditions.

Summary Of Significant Accoun21

Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Interim Financial Information	Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements include all adjustments, consisting of normal recurring items, necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with our audited Consolidated Financial Statements as of December 31, 2017 and related notes thereto included in our Form 10-K filed on February 16, 2018.
Basis Of Presentation And Principles Of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements include the financial position, results of operations and cash flows of the Company, the Operating Partnership, their wholly-owned qualified REIT subsidiaries and taxable REIT subsidiaries, and their consolidated joint ventures in which they have a controlling interest. Equity interests in the Operating Partnership held by entities other than DCT are classified within partners’ capital in the Operating Partnership’s financial statements and as noncontrolling interests in DCT’s financial statements. Equity interests in entities consolidated into the Operating Partnership that are held by third parties are reflected in our accompanying balance sheets as noncontrolling interests. We also have noncontrolling partnership interests in unconsolidated institutional capital management and other joint ventures, which are accounted for under the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. We hold interests in both consolidated and unconsolidated joint ventures for the purposes of operating and developing industrial real estate. All joint ventures over which we have financial and operating control, and variable interest entities (“VIEs”) in which we have determined that we are the primary beneficiary, are included in the Consolidated Financial Statements. We use the equity method of accounting for joint ventures where we exercise significant influence, but do not have control over major operating and management decisions and we include our share of earnings or losses of these joint ventures in our consolidated results of operations. We analyze our joint ventures in accordance with GAAP to determine whether they are VIEs and, if so, whether we are the primary beneficiary. Our judgment with respect to our level of influence or control over an entity and whether we are the primary beneficiary of a VIE involves consideration of various factors including the form of our ownership interest, our representation on the entity’s board of directors (or equivalent body), the size of our investment (including loans), our obligation or right to absorb its losses or receive its benefits and our ability to participate in major decisions. If a joint venture does not meet the characteristics of a VIE, we apply the voting interest model to determine whether the entity should be consolidated. Our ability to assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and our financial position and results of operations. We concluded our Operating Partnership meets the criteria of a VIE as the Operating Partnership’s limited partners do not have the right to remove the general partner and do not have substantive participating rights in the operations of the Operating Partnership. Under the Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”), DCT is the primary beneficiary of the Operating Partnership as we have the obligation to absorb losses and receive benefits, and the power to control substantially all the activities which most significantly impact the economic performance of the Operating Partnership. Accordingly, the Operating Partnership is consolidated within DCT’s financial statements.
Use Of Estimates	Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash held in financial institutions and other highly liquid short-term investments with original maturities of three months or less. We have not realized any losses in our cash and cash equivalents and believe that these short-term instruments are not exposed to any significant credit risk. Restricted cash consists of escrow deposits held by lenders for real estate taxes, insurance and capital replacement reserves, security deposits and amounts held by intermediary agents to be used for tax-deferred, like-kind exchange transactions.
Revenue Recognition	Revenue Recognition At the inception of a new lease arrangement, including new leases that arise from amendments, we assess the terms and conditions to determine the proper lease classification. A lease arrangement is classified as an operating lease if none of the following criteria are met: (i) transfer of ownership to the lessee, (ii) lessee has a bargain purchase option during or at the end of the lease term, (iii) the lease term is equal to 75% or more of the underlying property’s economic life, or (iv) the present value of future minimum lease payments (excluding executory costs) are equal to 90% or more of the excess estimated fair value (over retained investment tax credits) of the leased building. Generally, our leases do not meet any of the listed criteria above and are classified as operating leases. We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, receivables from tenants that we expect to collect over the remaining lease term are recorded on the balance sheet as straight-line rent receivables. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $1.6 million and $3.4 million for the three months ended March 31, 2018 , and 2017 , respectively. If the lease provides for tenant improvements, we determine whether the tenant improvements are owned by the tenant or us. When we are the owner of the tenant improvements, the tenant generally is not considered to have taken physical possession or have control of the leased asset until the tenant improvements are substantially complete. When we are the owner of the tenant improvements, any tenant improvements funded by the tenant are treated as lease payments which are deferred and amortized into rental revenues over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of rental revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company generally has control for fulfillment of services and other costs that are reimbursable, with respect to purchasing goods and services from third party suppliers. Tenant recovery income recognized as “Rental revenues” was approximately $26.9 million and $25.9 million for the three months ended March 31, 2018 and 2017 , respectively. We maintain an allowance for estimated losses that may result from the inability of our customers to make required payments. If a customer fails to make contractual payments beyond any allowance, we may recognize additional bad debt expense in future periods equal to the net outstanding balances. In connection with property acquisitions qualifying as asset acquisitions or business combinations, we may acquire leases with rental rates above or below the market rental rates. Such differences are recorded as an intangible lease asset or liability and amortized to “Rental revenues” over the reasonably assured term of the related leases. We consider a reasonably assured term to be the measurement period equal to the remaining non-cancelable term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The unamortized balances of these assets and liabilities associated with the early termination of leases are fully amortized to their respective revenue line items in our Consolidated Statements of Operations on a straight-line basis over the estimated remaining contractual lease term. The total net impact to “Rental revenues” due to the amortization of above and below market rents was an increase of approximately $0.7 million for the three months ended March 31, 2018 and 2017 . Early lease termination fees are recorded in “Rental revenues” on a straight-line basis over the estimated remaining contractual lease term or upon collection if collectability is not assured. Early lease termination fees were approximately $0.4 million and $0.5 million for the three months ended March 31, 2018 and 2017 , respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements. These are included in our Consolidated Statements of Operations in “Institutional capital management and other fees.” We recognize revenues from asset management fees, acquisition fees, property management fees and fees for other services when the related underlying performance obligations to the customer are satisfied, which is when the services are performed.
New Accounting Standards	New Accounting Standards New Accounting Standards Adopted In May 2014, FASB issued ASU 2014-09 Revenue from Contracts with Customers (“ASU 2014-09”), that requires companies to recognize revenue from contracts with customers based upon the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. The FASB subsequently issued additional ASUs which improve guidance and provide clarification of the new standard. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company adopted the standard effective January 1, 2018 and utilized the modified retrospective transition method. Given the nature of our business, our primary revenue stream is from relatively short-term operating leases with tenants. Additionally, our historical property dispositions have been cash sales with no contingencies and no future involvement in the property operations. Our revenues that are under the scope of ASU 2014-09 are related to our asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements, which are included in our Consolidated Statements of Operations in “Institutional capital management and other fees" as shown below: As of March 31, 2018 2017 Rental revenues $ 109,423 $ 105,424 Institutional capital management and other fees 384 472 Total revenues $ 109,807 $ 105,896 Substantially all of our revenues are generated from lease rentals, which fall under the scope of the new lease accounting ASU discussed below in New Accounting Standards Issued but not yet Adopted . We are still evaluating the treatment of nonlease components in our leases that primarily relate tenant recovery income for such items as common area maintenance expenses, which are also under the scope of the new lease accounting ASU. As a result of adoption, the total impact to our financial statements in the first quarter of 2018 was a cumulative adjustment recorded as an increase of $2.3 million to “Investments in and advances to unconsolidated joint ventures” and a decrease to “Distributions in excess of earnings” related to the de-recognition of deferred gains related to a previous contributions of real estate properties into our joint ventures. No other material impacts to the Consolidated Financial Statements and related disclosures or internal control environment were identified upon adoption. New Accounting Standards Issued but not yet Adopted In February 2016, the FASB issued an ASU that modifies existing accounting standards for lease accounting. The new standard requires a lessee to record a lease asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. Leases in which we are the lessors will be accounted as sales-type leases, direct financing leases or operating leases. Revenue related to the lease components of a lease contract will be recognized on a straight-line basis. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company has a limited number of office and ground leases which will require further evaluation by the Company, but we anticipate they will be treated as operating leases, which will result in the Company recording a lease liability for our obligation for payments over the remaining lease term and an offsetting right-of-use asset in our Consolidated Balance Sheets. As disclosed in our annual Consolidated Financial Statements as of December 31, 2017 and related notes thereto included in our Form 10-K, we had $18.9 million of future noncancelable lease payments primarily related to our office and ground leases that will be required to be recorded on our Consolidated Balance Sheets. Our operating leases for which we are the lessee will generally have an expense pattern consistent with our historical recognition for operating leases. We don't anticipate the impact of the lease accounting ASU for leases in which we are the lessee to have a material impact on our Consolidated Financial Statements. Leases in which we are the lessor will continue to be accounted for as operating leases with minimal impact on the Company's financial condition or results of operation; however, this standard may impact the timing of recognition and disclosures related to our tenant recovery income earned from leasing our consolidated operating properties. As such, we are currently evaluating the impact of nonlease components such as tenant recovery income. Additionally, the standard only allows for the capitalization of the initial direct costs that would have been incurred if the lease had not been obtained. The adoption of this guidance will impact our current policy regarding the capitalization of internal direct costs related to the successful origination of new leases and likely will reduce the amount of costs we currently capitalize for new leases. During the three months ended March 31, 2018 , we capitalized $0.8 million of internal direct costs related to successful origination of new leases. We are currently evaluating the impacts of the new lease standard, which includes taking inventory of leases in which we are the lessee, changing internal policies and processes with regards to the cost to obtain leases, evaluating the appropriate accounting treatment for nonlease elements in which we are the lessor and evaluating the impact on our internal controls. The standard requires a modified retrospective transition approach for all capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with an option to use certain transition relief. The Company expects to adopt this standard effective January 1, 2019.

Summary Of Significant Accoun22

Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash reported within our Consolidated Balance Sheets to amounts reported within our Consolidated Statements of Cash Flows (in thousands): As of March 31, 2018 2017 Cash and cash equivalents $ 12,371 $ 12,353 Restricted cash 68,613 1,651 Restricted cash included in Other assets, net (1) 552 431 Total cash, cash equivalents and restricted cash $ 81,536 $ 14,435 (1) Includes cash balances presented in assets held for sale in our Consolidated Balance Sheets.
Schedule of Restricted Cash and Cash Equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash reported within our Consolidated Balance Sheets to amounts reported within our Consolidated Statements of Cash Flows (in thousands): As of March 31, 2018 2017 Cash and cash equivalents $ 12,371 $ 12,353 Restricted cash 68,613 1,651 Restricted cash included in Other assets, net (1) 552 431 Total cash, cash equivalents and restricted cash $ 81,536 $ 14,435 (1) Includes cash balances presented in assets held for sale in our Consolidated Balance Sheets.
Disaggregation of Revenue	Our revenues that are under the scope of ASU 2014-09 are related to our asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements, which are included in our Consolidated Statements of Operations in “Institutional capital management and other fees" as shown below: As of March 31, 2018 2017 Rental revenues $ 109,423 $ 105,424 Institutional capital management and other fees 384 472 Total revenues $ 109,807 $ 105,896

Investment In Properties (Table

Investment In Properties (Tables)	3 Months Ended
	Mar. 31, 2018
Investments [Abstract]
Schedule Of Investment In Properties	The historical cost of our investment in properties was (in thousands): As of March 31, 2018 As of December 31, 2017 Operating portfolio $ 4,261,599 $ 4,249,242 Properties under development 320,062 280,492 Properties in pre-development 60,412 51,883 Properties under redevelopment (1) 9,838 9,481 Value-add acquisitions (2) 77,246 68,673 Land held (3) 3,656 4,026 Total investment in properties 4,732,813 4,663,797 Less accumulated depreciation and amortization (947,731 ) (919,186 ) Net investment in properties $ 3,785,082 $ 3,744,611 (1) Represents properties out of service while significant physical renovation of the property is underway or while the property is in lease-up subsequent to such renovation. May include properties taken out of service to change the properties' use and/or enhance its functionality. (2) Consolidated properties that were acquired and upon acquisition met either of the following criteria: • Occupancy of less than 75% upon acquisition; or • Occupancy of less than 75% expected to occur due to known move-outs within 24 months of the acquisition date. Consolidated properties that were acquired vacant or with known move-outs within 24 months of the acquisition date with the intention to have the property out of service for significant physical renovations are classified as redevelopment properties. (3) Land held that is not intended to be improved or developed in the near future.
Schedule Of Intangible Lease Assets And Liabilities	Our intangible lease assets and liabilities included the following (in thousands): As of March 31, 2018 As of December 31, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 57,657 $ (34,125 ) $ 23,532 $ 62,785 $ (37,114 ) $ 25,671 Above market rent $ 3,134 $ (1,870 ) $ 1,264 $ 3,134 $ (1,756 ) $ 1,378 Below market rent $ (28,624 ) $ 10,709 $ (17,915 ) $ (28,883 ) $ 10,401 $ (18,482 )

Investments In And Advances T24

Investments In And Advances To Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	The following table summarizes our unconsolidated joint ventures (dollars in thousands): As of March 31, 2018 Investments in and Advances to as of Ownership Percentage Number of Buildings March 31, December 31, Unconsolidated Joint Ventures Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 38,595 $ 36,630 TRT-DCT Venture III 10.0 % — 220 220 Total Institutional Joint Ventures 13 38,815 36,850 Other: SCLA (1) 50.0 % 8 34,876 35,381 Total 21 $ 73,691 $ 72,231 (1) Although we contributed 100% of the initial cash equity capital required by the venture, after return of certain preferential distributions on capital invested, profits and losses are generally split 50 / 50 .

Financial Instruments And Hed25

Financial Instruments And Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Summary Of Financial Instruments	The following table summarizes these financial instruments (in thousands): As of March 31, 2018 As of December 31, 2017 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Borrowings: (1) Senior unsecured revolving credit facility $ 264,000 $ 264,000 $ 234,000 $ 234,000 Fixed rate debt (2) $ 1,368,622 $ 1,390,321 $ 1,370,421 $ 1,419,518 Variable rate debt $ 125,000 $ 122,125 $ 125,000 $ 123,020 Interest rate contracts: Interest rate swap asset (3) $ 7,387 $ 7,387 $ 3,866 $ 3,866 (1) The fair values of our borrowings were estimated using a discounted cash flow methodology. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values. (2) The carrying amount of our fixed rate debt includes premiums and discounts and excludes deferred loan costs. (3) The fair values of our interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows based on an expectation of future interest rates derived from Level 2 observable market interest rate curves. The asset or liability is included in “Other assets, net” or “Other liabilities,” respectively, in our Consolidated Balance Sheets.
Schedule Of Derivative Financial Instruments On Financial Statements	The following table presents the effect of our derivative financial instruments on our accompanying Consolidated Financial Statements (in thousands): For the Three Months Ended March 31, 2018 2017 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of gain recognized in OCI for derivatives $ 3,655 $ 361 Amount of loss reclassified from accumulated OCI for derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,100 ) $ (1,486 ) Amount of loss recognized in interest expense (ineffective portion and amount excluded from effectiveness testing) $ — $ (30 )

Net Earnings Per Share_Unit (Ta

Net Earnings Per Share/Unit (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	The following table presents the computation of basic and diluted weighted average common shares outstanding (in thousands): For the Three Months Ended March 31, 2018 2017 Denominator Weighted average common shares outstanding – basic 93,812 91,751 Effect of dilutive securities: Stock options 25 133 Weighted average common shares outstanding – diluted 93,837 91,884
DCT Industrial Operating Partnership LP [Member] | Common Units [Member]
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	The following table presents the computation of basic and diluted weighted average OP Units outstanding (in thousands): For the Three Months Ended March 31, 2018 2017 Denominator Weighted average OP Units outstanding – basic 97,135 95,416 Effect of dilutive securities: Stock options 25 133 Weighted average OP Units outstanding – diluted 97,160 95,549

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment	The following table presents our total assets, net of accumulated depreciation and amortization, by segment (in thousands): As of March 31, 2018 As of December 31, 2017 Segments: East assets $ 1,086,894 $ 1,125,085 Central assets 1,195,633 1,187,663 West assets 1,597,232 1,582,436 Total segment net assets 3,879,759 3,895,184 Non-segment assets: Non-segment cash and cash equivalents 12,371 10,522 Other non-segment assets (1) 163,711 104,966 Total assets $ 4,055,841 $ 4,010,672 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables, restricted cash and other assets.
Reconciliation Of Segment Rental Revenues To Consolidated Entity	The following table presents the rental revenues of our segments and a reconciliation of our segment rental revenues to our reported consolidated total revenues (in thousands): For the Three Months Ended March 31, 2018 2017 East $ 31,389 $ 31,661 Central 37,186 34,598 West 40,848 39,165 Rental revenues 109,423 105,424 Institutional capital management and other fees 384 472 Total revenues $ 109,807 $ 105,896
Reconciliation Of Property Net Operating Income To Consolidated Entity	The following table presents a reconciliation of our reported “Net income attributable to common stockholders” to our property NOI and property NOI of our segments (in thousands): For the Three Months Ended March 31, 2018 2017 Net income attributable to common stockholders $ 48,823 $ 14,959 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. 1,731 597 Net income attributable to OP Unitholders $ 50,554 $ 15,556 Net income attributable to noncontrolling interests of the Operating Partnership 388 233 Institutional capital management and other fees (384 ) (472 ) Gain on dispositions of real estate interests (32,190 ) (26 ) Real estate related depreciation and amortization 41,232 41,605 Casualty loss (gain) 5 (270 ) General and administrative expense 7,464 7,192 Equity in earnings of unconsolidated joint ventures, net (1,077 ) (1,516 ) Interest expense 16,050 16,755 Interest and other (income) expense (34 ) 5 Impairment loss on land 371 — Income tax expense and other taxes 81 134 Property NOI (1) $ 82,460 $ 79,196 East $ 24,227 $ 24,218 Central 26,367 24,510 West 31,866 30,468 Property NOI (1) $ 82,460 $ 79,196 (1) Property NOI is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty gains and losses, gain on dispositions of real estate interests, impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income and income tax expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our overall financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Organization (Details)

Organization (Details) ft² in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)ft²projectpropertycustomerbuildingpartner	Dec. 31, 2017USD ($)
Organization [Line Items]
Accumulated other comprehensive loss | $	$ (7,352)	$ (11,893)
Square feet of properties	73,700
Number of customers leased | customer	840
Held-for-sale [Member]
Organization [Line Items]
Square feet of properties	101
Number of Building | building	5
Development Activity [Member]
Organization [Line Items]
Development in process (Number of projects under construction) | project	20
Number of projects in pre-development | project	13
Consolidated Operating Properties [Member]
Organization [Line Items]
Square feet of properties	63,300
Number of properties | property	393
Occupancy rate	97.70%
Unconsolidated Properties [Member]
Organization [Line Items]
Square feet of properties	7,600
Number of properties | property	21
Occupancy rate	99.20%
Number of institutional partners | partner	2
Consolidated Value-Add Properties [Member]
Organization [Line Items]
Square feet of properties	1,000
Number of properties | building	4
Redevelopment [Member]
Organization [Line Items]
Square feet of properties	100
Number of properties | property	1
DCT Industrial Operating Partnership LP [Member]
Organization [Line Items]
Accumulated other comprehensive loss | $	$ (7,604)	$ (12,303)
Percentage of outstanding equity ownership interest	96.70%	96.60%

Summary Of Significant Accoun29

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Summary Of Significant Accounting Policy [Line Items]
Restricted cash related to tax deferred like-kind exchange transactions	$ 67,400
Increase in rental revenue due straight-line rent adjustment	1,634	$ 3,392
Tenant recovery	26,900	25,900
Increase on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations	700
Early lease terminations fees	400	500
Cumulative effect of revenue accounting change (Note 2)			$ 2,256
Operating lease future minimum payments due	18,900
Capitalized internal direct costs	$ 800
Accumulated Distributions in Excess of Net Income [Member]
Summary Of Significant Accounting Policy [Line Items]
Cumulative effect of revenue accounting change (Note 2)			$ 2,256
Continuing Operations [Member]
Summary Of Significant Accounting Policy [Line Items]
Increase on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations		$ 700

Summary Of Significant Accoun30

Summary Of Significant Accounting Policies (Restricted Cash) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 12,371	$ 10,522	$ 12,353
Restricted cash	68,613	14,768	1,651
Restricted cash included in Other assets, net(1)	552		431
Total cash, cash equivalents and restricted cash	$ 81,536	$ 25,845	$ 14,435	$ 18,074

Summary Of Significant Accoun31

Summary Of Significant Accounting Policies Summary of Significant Accounting Policies (Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accounting Policies [Abstract]
Rental revenues	$ 109,423	$ 105,424
Institutional capital management and other fees	384	472
Total revenues	$ 109,807	$ 105,896

Investment In Properties (Sched

Investment In Properties (Schedule Of Investment In Properties) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investments [Abstract]
Operating properties	$ 4,261,599	$ 4,249,242
Value-add acquisitions	320,062	280,492
Properties under development	60,412	51,883
Properties in pre-development	9,838	9,481
Properties under redevelopment	77,246	68,673
Land held	3,656	4,026
Total investment in properties	4,732,813	4,663,797
Less accumulated depreciation and amortization	(947,731)	(919,186)
Net investment in properties	$ 3,785,082	$ 3,744,611

Investment In Properties (Narra

Investment In Properties (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)aft²projectbuilding	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Real Estate Properties [Line Items]
Square feet of properties | ft²	73,700,000
Cost of investment real estate acquired	$ 4,732,813		$ 4,663,797
Impairment loss on land	371	$ 0
Gain on dispositions of real estate interests	32,190	26
Aggregate amortization expense for intangible lease assets	$ 2,200	$ 2,800
Northern California Market [Member] | Acquisition Activity [Member]
Real Estate Properties [Line Items]
Number of properties | building	1
Square feet of properties | ft²	37,000
Acquisition price of land and buildings	$ 7,100
Reno, Nevada [Member]
Real Estate Properties [Line Items]
Impairment loss on land	400
Development Activity [Member]
Real Estate Properties [Line Items]
Cost of investment real estate acquired	$ 213,300
Development in process (Number of projects under construction) | project	20
Area of real estate property under construction | ft²	4,200,000
Development Activity [Member] | Chicago, Dallas, Denver and Northern California Markets [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	1,700,000
Number of buildings shell-complete | building	6
Cost of investment real estate acquired	$ 106,800
Occupancy rate	15.20%
Development Activity [Member] | Southern California Market [Member]
Real Estate Properties [Line Items]
Cost of investment real estate acquired	$ 7,300
Area of real estate property acquired | a	9.2
Disposition Activity [Member]
Real Estate Properties [Line Items]
Number of properties | building	6
Square feet of properties | ft²	1,900,000
Proceeds from sale of real estate	$ 100,900
Gain on dispositions of real estate interests	$ 32,200

Investment In Properties (Sch34

Investment In Properties (Schedule Of Intangible Lease Assets And Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Finite Lived Intangible Assets And Liabilities [Line Items]
Below market rent, Gross	$ (28,624)	$ (28,883)
Below market rent, Accumulated Amortization	10,709	10,401
Below market rent, Net	(17,915)	(18,482)
Other Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	57,657	62,785
Accumulated Amortization	(34,125)	(37,114)
Net	23,532	25,671
Above Market Rent [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	3,134	3,134
Accumulated Amortization	(1,870)	(1,756)
Net	$ 1,264	$ 1,378

Investments In And Advances T35

Investments In And Advances To Unconsolidated Joint Ventures (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)property	Dec. 31, 2017USD ($)
Schedule Of Equity Method Investments [Line Items]
Number of buildings | property	21
Investments in and advances to unconsolidated joint ventures | $	$ 73,691	$ 72,231
Percentage of initial cash equity capital	100.00%
Profit loss sharing percentage	50.00%
Institutional Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of buildings | property	13
Investments in and advances to unconsolidated joint ventures | $	$ 38,815	36,850
DCT/SPF Industrial Operating LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
Number of buildings | property	13
Investments in and advances to unconsolidated joint ventures | $	$ 38,595	36,630
TRT-DCT Venture III [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	10.00%
Number of buildings | property	0
Investments in and advances to unconsolidated joint ventures | $	$ 220	220
Southern California Logistics Airport [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
Number of buildings | property	8
Investments in and advances to unconsolidated joint ventures | $	$ 34,876	$ 35,381

Financial Instruments And Hed36

Financial Instruments And Hedging Activities (Summary Of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	$ 264,000	$ 234,000
Carrying Amounts	1,800,000	1,700,000
Interest Rate Swaps [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	7,387	3,866
Estimated Fair Value	7,387	3,866
Variable Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	125,000	125,000
Estimated Fair Value	122,125	123,020
Fixed Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	1,368,622	1,370,421
Estimated Fair Value	1,390,321	1,419,518
Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	264,000	234,000
Estimated Fair Value	$ 264,000	$ 234,000

Financial Instruments And Hed37

Financial Instruments And Hedging Activities (Narrative) (Details) shares in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2015USD ($)	Jun. 30, 2013contract
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Estimated amount that will be reclassified from accumulated other comprehensive loss to interest expenses	$ 2,900,000
Variable Rate Debt [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Debt instrument, floor rate			0.00%
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Face value			$ 200,000,000
Fixed interest rate			2.81%
Notional amount of nonderivative instruments	200,000,000	$ 200,000,000
Designated to Hedge 1 Month LIBOR Rate Debt Instruments [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of pay-fixed, receive-floating interest rate swaps | contract				2
Fixed interest rate				4.72%
Notional amount of nonderivative instruments	$ 6,400,000	$ 6,400,000
Minimum [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Derivative margins	0.90%
Maximum [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Derivative margins	1.75%
LTIP Units [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
LTIP units vested | shares	0.8	0.8

Financial Instruments And Hed38

Financial Instruments And Hedging Activities (Schedule Of Derivative Financial Instruments On Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of gain recognized in OCI for derivatives	$ 3,655	$ 361
Interest Rate Swaps [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of gain recognized in OCI for derivatives	3,655	361
Amount of loss reclassified from accumulated OCI for derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net	(1,100)	(1,486)
Amount of loss recognized in interest expense (ineffective portion and amount excluded from effectiveness testing)	$ 0	$ (30)

Outstanding Indebtedness (Narra

Outstanding Indebtedness (Narrative) (Details)	Mar. 31, 2018USD ($)credit_letter	Dec. 31, 2017USD ($)credit_letter
Debt Instrument [Line Items]
Outstanding indebtedness	$ 1,800,000,000	$ 1,700,000,000
Proportionate share of debt associated with unconsolidated joint ventures	51,700,000	51,900,000
Total investment in properties	4,732,813,000	4,663,797,000
Total bank unsecured credit facilities	264,000,000	234,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total bank unsecured credit facilities	264,000,000	234,000,000
Senior unsecured facility, available	134,100,000	164,100,000
Senior unsecured facility, maximum borrowing capacity	400,000,000	400,000,000
Letters of credit outstanding	$ 1,900,000	$ 1,900,000
Number of letter of credits | credit_letter	2	2
Mortgage Loans On Real Estate [Member]
Debt Instrument [Line Items]
Total investment in properties	$ 500,000,000	$ 500,000,000
DCT Industrial Operating Partnership LP [Member]
Debt Instrument [Line Items]
Total investment in properties	4,732,813,000	4,663,797,000
Total bank unsecured credit facilities	$ 264,000,000	$ 234,000,000

Stockholders' Equity of DCT a40

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Sep. 10, 2015
Stockholders Equity [Line Items]
Common stock, shares issued	94,075,171		93,707,264
Common stock, shares outstanding	94,075,171		93,707,264
Common stock, shares authorized	500,000,000		500,000,000
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Proceeds from issuance of common stock	$ 10,963	$ 10,729
Shares issued for vested restricted stock and phantoms shares and options exercised	28,000	31,000
Common stock issued on redemption of OP Units	31,000	56,000
Redemptions of noncontrolling interests	$ (1,155)	$ 800
Redemption of OP units		0
Operating partnership units issued	3,200,000		3,200,000
Redemption value of outstanding OP units	$ 182,600		$ 191,000
Closing price of DCT's common stock	$ 56.34		$ 58.78
LTIP Units [Member]
Stockholders Equity [Line Items]
LTIP units vested	800,000		800,000
LTIP units outstanding	1,200,000
LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Closing price of DCT's common stock	$ 54.29
Vesting period (years)	4 years
LTIP units granted	100,000
Fair value of shares granted	$ 7,200
Volatility factor	18.00%
Risk-free interest rate	2.51%
LTIP holding period	5 years
LTIP Units [Member] | Certain Senior Executives [Member] | Cash [Member]
Stockholders Equity [Line Items]
Cash paid for redemption of partnership units	$ 1,200
Redemption of OP units	21,000
LTIP Units [Member] | Certain Senior Executives [Member] | Common Stock [Member]
Stockholders Equity [Line Items]
Common stock issued on redemption of OP Units	118,000
Redemption of OP units	118,000
Restricted Stock [Member]
Stockholders Equity [Line Items]
Shares granted during the period	29,000
Restricted Stock [Member] | Certain Officers and Employees [Member]
Stockholders Equity [Line Items]
Weighted-average fair market value (in dollars per share)	$ 58.05
DCT Industrial Operating Partnership LP [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership	96.70%		96.60%
Maximum [Member] | LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Vesting period (years)	5 years
Minimum [Member]
Stockholders Equity [Line Items]
Ownership interest in general and limited partner units	1.00%
Minimum [Member] | LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Vesting period (years)	4 years
Continuous Equity Offering Program [Member]
Stockholders Equity [Line Items]
Common stock, shares authorized				5,000,000
Common stock, par value (in dollars per share)				$ 0.01
Common stock issued through offering	200,000
Proceeds from issuance of common stock	$ 10,800
Common stock, shares available for future issuance	500,000
Continuous Equity Offering Program [Member] | Average [Member]
Stockholders Equity [Line Items]
Common stock offering price per share, average	$ 57.36

Net Earnings Per Share_Unit (Co

Net Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Share/Unit) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Denominator
Weighted average common shares outstanding – basic (shares)	93,812	91,751
Effect of Dilutive Securities [Abstract]
Effect of dilutive securities: Stock options and phantom stock (shares)	25	133
Weighted average common shares outstanding – diluted (shares)	93,837	91,884
DCT Industrial Operating Partnership LP [Member]
Denominator
Weighted average common shares outstanding – basic (shares)	97,135	95,416
Effect of Dilutive Securities [Abstract]
Effect of dilutive securities: Stock options and phantom stock (shares)	25	133
Weighted average common shares outstanding – diluted (shares)	97,160	95,549

Net Earnings Per Share_Unit (Na

Net Earnings Per Share/Unit (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OP Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities	3.3	3.7

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information (Total Asse

Segment Information (Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 4,055,841	$ 4,010,672
Cash and cash equivalents	12,371	10,522	$ 12,353
Other non-segment assets	30,958	25,740
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	3,879,759	3,895,184
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,086,894	1,125,085
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,195,633	1,187,663
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,597,232	1,582,436
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	12,371	10,522
Other non-segment assets	$ 163,711	$ 104,966

Segment Information (Reconcilia

Segment Information (Reconciliation Of Segment Rental Revenues To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Total revenues	$ 109,807	$ 105,896
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	109,423	105,424
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	31,389	31,661
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	37,186	34,598
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	40,848	39,165
Corporate And Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total revenues	$ 384	$ 472

Segment Information (Reconcil46

Segment Information (Reconciliation Of Property Net Operating Income To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Net income attributable to common stockholders and OP unitholders	$ 48,823	$ 14,959
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	2,119	830
Institutional capital management and other fees	384	472
Real estate related depreciation and amortization	(41,232)	(41,605)
General and administrative	(7,464)	(7,192)
Equity in earnings of unconsolidated joint ventures, net	1,077	1,516
Interest expense	(16,050)	(16,755)
Interest and other income (expense)	34	(5)
Income tax expense and other taxes	(81)	(134)
Operating income	34,143	31,141
DCT Industrial Operating Partnership LP [Member]
Segment Reporting Information [Line Items]
Net income attributable to common stockholders and OP unitholders	50,554	15,556
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	388	233
Institutional capital management and other fees	384	472
Real estate related depreciation and amortization	(41,232)	(41,605)
General and administrative	(7,464)	(7,192)
Equity in earnings of unconsolidated joint ventures, net	1,077	1,516
Interest expense	(16,050)	(16,755)
Interest and other income (expense)	34	(5)
Income tax expense and other taxes	(81)	(134)
Operating income	34,143	31,141
Parent Company [Member]
Segment Reporting Information [Line Items]
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	1,731	597
Parent Company [Member] | DCT Industrial Operating Partnership LP [Member]
Segment Reporting Information [Line Items]
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	(388)	(233)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Institutional capital management and other fees	(384)	(472)
Gain on dispositions of real estate interests	32,190	26
Real estate related depreciation and amortization	41,232	41,605
Casualty loss (gain)	5	(270)
General and administrative	7,464	7,192
Equity in earnings of unconsolidated joint ventures, net	(1,077)	(1,516)
Interest expense	16,050	16,755
Interest and other income (expense)	(34)	5
Impairment losses on non-depreciable assets	371	0
Income tax expense and other taxes	81	134
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	82,460	79,196
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Operating income	24,227	24,218
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Operating income	26,367	24,510
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Operating income	$ 31,866	$ 30,468

Assets Held for Sale Discontinu

Assets Held for Sale Discontinued Operations And Disposal Groups (Details)	Mar. 31, 2018building
Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Building	5

Subsequent Events (Details)

Subsequent Events (Details) - Prologis, Inc. [Member] - Subsequent Event [Member] $ in Billions	Apr. 29, 2018USD ($)
Subsequent Event [Line Items]
Consideration in stock-for-stock transaction	$ 8.4
Conversion ratio	1.02