Duck Creek 8-K DCT Industrial Trust Reports

Exhibit 99.2

SUPPLEMENTAL REPORTING PACKAGE

FOR THE QUARTER ENDED MARCH 31, 2007

DCT INDUSTRIAL TRUST INC.

FORWARD-LOOKING STATEMENTS

We make statements in this Supplemental Reporting Package that are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which are usually identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of complying with those safe harbor provisions. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation:

•     the competitive environment in which we operate;

•     real estate risks, including fluctuations in real estate values and the general economic climate in local markets and competition for tenants in such markets;

•     decreased rental rates or increasing vacancy rates;

•     defaults on or non-renewal of leases by tenants;

•     acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with projections;

•     the timing of acquisitions and dispositions;

•     natural disasters such as hurricanes and earthquakes;

•     national, international, regional and local economic conditions;

•     the general level of interest rates;

•     energy costs;

•     the terms of governmental regulations that affect us and interpretations of those regulations, including changes in real estate and zoning laws and increases in real property tax rates;

•     financing risks, including the risk that our cash flows from operations may be insufficient to meet required payments of principal and interest;

•     lack of or insufficient amounts of insurance;

•     litigation, including costs associated with prosecuting or defending claims and any adverse outcomes;

•     the consequences of future terrorist attacks; and

•     possible environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us.

•     other risks and uncertainties detailed from time to time in our filings with the Securities Exchange Commission.

In addition, our current and continuing qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, or the Code, and depends on our ability to meet the various requirements imposed by the Code through actual operating results, distribution levels and diversity of stock ownership. We assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

DCT INDUSTRIAL TRUST INC.

TABLE OF CONTENTS

Consolidated Statements of Operations	1
Consolidated Balance Sheets	2
Funds From Operations	3
Selected Financial Data	4
Property Overview, Consolidated Properties	5
Property Overview (continued), Unconsolidated and Managed Properties	6
Property Type Summary	7
Leasing Statistics	8
Ten Largest Customers	9
Consolidated Acquisition and Disposition Summary	10
Development Overview	11
Construction Summary	12
Indebtedness	13
Capitalization	14
Institutional Capital Management Summary	15
Definitions	16

DCT INDUSTRIAL TRUST INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands, except per share data)

	Quarter Ended March 31,
	2007			2006
REVENUES:		(unaudited)
Rental revenues	$	64,975		$	44,824
Institutional capital management and other fees		746			52
Total Revenues		65,721			44,876
OPERATING EXPENSES:
Rental expenses		7,859			4,114
Real estate taxes		8,520			6,139
Real estate depreciation and amortization		28,768			23,239
General and administrative		4,056			679
Asset management fees, related party		—			3,518
Total Operating Expenses		49,203			37,689
Operating Income		16,518			7,187
OTHER INCOME AND EXPENSE:
Equity in income (losses) of unconsolidated joint ventures, net		74			(53	)
Gain on dispositions of real estate interests		7,885			3,988
Interest expense		(16,867	)		(11,534	)
Interest income and other		982			2,462
Income taxes		(471	)		(51	)
Income Before Minority Interests and Discontinued Operations		8,121			1,999
Minority interests		(1,082	)		175
Income From Continuing Operations		7,039			2,174
Discontinued operations:
Income (loss) attributable to disposed properties		159			(234	)
Gain on dispositions of properties		9,561			—
Minority interest in the operating partnership		(1,404	)		15
Income (Loss) From Discontinued Operations		8,316			(219	)
Net Income	$	15,355		$	1,955
INCOME PER COMMON SHARE—BASIC
Income From Continuing Operations	$	0.04		$	0.01
Income (Loss) From Discontinued Operations		0.05			0.00
Net Income	$	0.09		$	0.01
INCOME PER COMMON SHARE—DILUTED
Income From Continuing Operations	$	0.04		$	0.01
Income (Loss) From Discontinued Operations		0.05			0.00
Net Income	$	0.09		$	0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic		168,355			145,402
Diluted		196,720			147,315

1

DCT INDUSTRIAL TRUST INC.

CONSOLIDATED BALANCE SHEETS

(dollar amounts in thousands)

	March 31, 2007			December 31, 2006
ASSETS		(unaudited)
Land	$	505,275		$	513,143
Buildings and improvements		2,083,206			2,120,821
Intangible lease assets		191,144			198,222
Construction in progress		33,222			32,702
Total Investment in Properties		2,812,847			2,864,888
Less accumulated depreciation and amortization		(227,355	)		(199,574	)
Net Investment in Properties		2,585,492			2,665,314
Investment in and advances to unconsolidated joint ventures		54,911			42,336
Net Investment in Real Estate		2,640,403			2,707,650
Cash and cash equivalents		96,718			23,310
Notes receivable		9,192			9,205
Deferred loan costs, net		5,839			6,175
Deferred loan costs - financing obligations, net		9,101			16,467
Straight-line rent and other receivables		20,785			17,137
Deferred acquisition costs and other assets, net		18,360			27,637
Assets held for sale		—			41,895
Total Assets	$	2,800,398		$	2,849,476
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	20,180		$	27,341
Distributions payable .		31,946			30,777
Tenant prepaids and security deposits		14,072			12,329
Other liabilities		15,273			14,135
Intangible lease liability, net		15,913			17,595
Lines of credit		22,000			34,278
Senior unsecured notes		425,000			425,000
Mortgage notes		652,365			641,081
Financing obligations		95,682			191,787
Liabilities related to assets held for sale		—			276
Total Liabilities		1,292,431			1,394,599
Minority interests		291,426			225,920
Total Stockholders’ Equity		1,216,541			1,228,957
Total Liabilities and Stockholders’ Equity	$	2,800,398		$	2,849,476

2

DCT INDUSTRIAL TRUST INC.

FUNDS FROM OPERATIONS

(amounts in thousands, except per share data)

	Quarter Ended March 31,
	2007			2006
Reconciliation of Net Income to FFO:		(unaudited)
Net Income Attributable to Common Shares	$	15,355		$	1,955
Adjustments:
Real estate related depreciation and amortization		28,783			24,492
Equity in (income) losses of unconsolidated joint ventures, net		(74	)		53
Equity in FFO of unconsolidated joint ventures		396			57
Gain on dispositions of real estate interests		(7,885	)		(3,988	)
Gain on dispositions of real estate interests related to discontinued operations		(9,561	)		—
Gain on sale of nondepreciable real estate		3,711			—
Minority interest in the operating partnership’s share of the above adjustments		(2,205	)		(1,147	)
FFO attributable to common shares, basic		28,520			21,422
FFO attributable to dilutive OP units		4,797			282
FFO attributable to common shares, diluted		33,317			21,704
FFO per common share, basic	$	0.17		$	0.15
FFO per common share, diluted	$	0.17		$	0.15
Weighted average shares outstanding, basic		168,355			145,402
Weighted average shares outstanding, diluted		196,720			147,315

3

DCT INDUSTRIAL TRUST INC.

SELECTED FINANCIAL DATA

(amounts in thousands, except per share data)

	Quarter Ended March 31,
	2007			2006
Consolidated Operating Data:(1)		(unaudited)
Rental revenues	$	64,975		$	44,824
Rental expenses and real estate taxes		16,379			10,253
Net Operating Income(2)	$	48,596		$	34,571
Square feet as of the period end - operating properties		53,163			40,696	(3)
Occupancy as of period end - operating properties		92.9	%		92.2	%(3)
Same Store Operating Data:(1)
Rental revenues	$	42,091		$	41,859
Rental expenses and real estate taxes		10,262			9,732
Net Operating Income		31,829			32,127
Less straight-line rents		(918	)		(1,580	)
Less amortization of above/below market rents		242			433
Cash Net Operating Income	$	31,153		$	30,980
Net Operating Income growth		(0.9	%)		—
Cash Net Operating Income growth		0.6	%		—
Square feet in same store population		37,066			37,066
Occupancy as of period end		92.0	%		92.6	%
Dividends declared per common share	$	0.16		$	0.16
Supplemental consolidated cash flow and other information:
Straight-line rents(3)	$	1,555		$	2,349
Straight-line rent receivable (balance sheet)(3)	$	13,751		$	9,133
Amortization of above/below market rents(3)	$	(541	)	$	(431	)
Capitalized interest	$	1,553		$	336
Stock-based compensation amortization expense	$	494		$	16
Consolidated Capital Expenditures(3):
Due diligence	$	3,695		$	754
Development and expansions		2,733			28,617
Turnover costs		1,362			2,393
Maintenance capital expenditures		176			481
Total capital expenditures	$	7,966		$	32,245

⁽¹⁾ Excludes discontinued operations.

⁽²⁾ See definitions for reconciliation of Net Operating Income to Net Income.

⁽³⁾ Includes discontinued operations.

4

DCT INDUSTRIAL TRUST INC.

PROPERTY OVERVIEW AS OF MARCH 31, 2007

Markets	Number of Buildings	Percent Owned (1)		Square Feet	Percentage of Total Square Feet		Occupancy Percentage		Annualized Base Rent		Percentage of Total Annualized Base Rent		Annualized Base Rent Per Square Foot(2)		Historical Cost
Consolidated Operating Properties:				(in thousands)						(in thousands)						(in thousands)
Atlanta	54	100.0	%	6,434	12.1	%	93.6	%	$	21,150	11.0	%	$	3.51	$	297,924
Baltimore/Washington D.C.	12	100.0	%	1,446	2.7	%	89.5	%		6,057	3.1	%		4.68		93,037
Central Pennsylvania	8	100.0	%	1,453	2.7	%	100.0	%		5,644	2.9	%		3.88		74,773
Charlotte	9	100.0	%	747	1.4	%	93.3	%		2,542	1.3	%		3.65		36,601
Chicago	15	100.0	%	3,441	6.5	%	91.6	%		11,495	6.0	%		3.65		176,575
Cincinnati	37	100.0	%	4,634	8.7	%	81.0	%		13,617	7.1	%		3.63		198,385
Columbus	13	100.0	%	3,951	7.4	%	96.2	%		11,764	6.1	%		3.10		163,642
Dallas	52	100.0	%	6,165	11.6	%	92.1	%		21,707	11.3	%		3.82		305,043
Denver	1	100.0	%	160	0.3	%	100.0	%		916	0.5	%		5.71		9,679
Houston	34	100.0	%	2,453	4.6	%	84.7	%		10,423	5.4	%		5.02		136,796
Indianapolis	7	100.0	%	2,852	5.4	%	99.9	%		8,351	4.3	%		2.93		90,773
Louisville	3	100.0	%	1,027	1.9	%	100.0	%		3,306	1.7	%		3.22		39,566
Memphis	10	100.0	%	4,333	8.2	%	91.3	%		11,847	6.2	%		2.99		160,515
Miami	6	100.0	%	727	1.4	%	98.6	%		5,739	3.0	%		8.00		66,618
Minneapolis	3	100.0	%	356	0.7	%	100.0	%		1,743	0.9	%		4.89		25,832
Nashville	5	100.0	%	2,712	5.1	%	91.7	%		7,698	4.0	%		3.10		99,025
New Jersey	10	100.0	%	1,189	2.2	%	92.8	%		6,233	3.2	%		5.64		88,757
Northern California	30	100.0	%	2,762	5.2	%	97.1	%		14,361	7.5	%		5.36		232,363
Orlando	12	100.0	%	1,226	2.3	%	95.1	%		5,362	2.8	%		4.60		78,969
Phoenix	14	100.0	%	1,632	3.1	%	97.9	%		6,674	3.5	%		4.18		85,524
San Antonio	13	100.0	%	1,091	2.1	%	93.6	%		3,493	1.8	%		3.42		40,346
Seattle	8	100.0	%	1,199	2.3	%	100.0	%		5,690	3.0	%		4.75		88,701
Southern California	11	100.0	%	1,173	2.2	%	99.8	%		6,689	3.5	%		5.71		87,619
Total/Weighted Average—Operating Properties	367	100.0	%	53,163	100.0	%	92.9	%		192,501	100.0	%		3.90		2,677,063
Consolidated Redevelopment Properties:
Atlanta	1	100.0	%	189	18.0	%	0.0	%		N/A	N/A			N/A
Charlotte	1	100.0	%	259	24.7	%	0.0	%		N/A	N/A			N/A
Columbus	1	100.0	%	121	11.5	%	0.0	%		N/A	N/A			N/A
San Antonio	2	100.0	%	258	24.6	%	0.0	%		N/A	N/A			N/A
Southern California	1	100.0	%	222	21.2	%	0.0	%		N/A	N/A			N/A
Total/Weighted Average for Redevelopment Properties	6	100.0	%	1,049	100.0	%	0.0	%		N/A	N/A			N/A		42,772
Consolidated Operating Properties Held For Contribution:
Cincinnati	1	100.0	%	604	77.0	%	100.0	%		1,914	72.4	%		3.17
Kansas City	1	100.0	%	180	23.0	%	100.0	%		728	27.6	%		4.04
Total/Weighted Average - Operating Properties Held For Contribution	2	100.0	%	784	100.0	%	100.0	%		2,642	100	%		3.37		32,144
Consolidated Development Properties:
Atlanta	2	100.0	%	688	79.7	%	4.6	%		131	100.0	%		4.15
Chicago	1	95.0	%	175	20.3	%	0.0	%		N/A	N/A			N/A
Total/Weighted Average for Development Properties	3	99.0	%	863	100.0	%	3.7	%		131	100.0	%		4.15		29,664
Total/Weighted Average—Consolidated Properties	378	100.0	%	55,859	N/A		89.9	%	$	195,274	N/A		$	3.89	$	2,781,643

5

DCT INDUSTRIAL TRUST INC.

PROPERTY OVERVIEW AS OF MARCH 31, 2007 (continued)

Markets	Number of Buildings	Percent Owned (1)		Square Feet		Percentage of Total Square Feet		Occupancy Percentage		Annualized Base Rent		Percentage of Total Annualized Base Rent		Annualized Base Rent Per Square Foot(2)
Unconsolidated Operating Properties:				(in thousands	)						(in thousands)
Operating Properties in Funds:
Atlanta	2	18.2	%	703		12.4	%	100.0	%	$	1,979	10.0	%	$	2.82
Central Pennsylvania	4	10.9	%	836		14.7	%	100.0	%		3,533	17.8	%		4.22
Charlotte	1	10.0	%	472		8.3	%	100.0	%		1,415	7.1	%		3.00
Chicago	2	18.2	%	492		8.7	%	100.0	%		2,275	11.5	%		4.62
Dallas	3	14.6	%	1,186		20.9	%	100.0	%		3,955	19.9	%		3.33
Indianapolis	1	10.0	%	475		8.4	%	100.0	%		1,480	7.5	%		3.12
Memphis	1	20.0	%	1,039		18.3	%	100.0	%		2,857	14.4	%		2.75
New Jersey	1	20.0	%	87		1.5	%	100.0	%		630	3.2	%		7.20
Northern California	1	10.0	%	396		7.0	%	100.0	%		1,738	8.8	%		4.39
Total/Weighted Average - Fund Operating Properties	16	14.8	%	5,686		100.0	%	100.0	%		19,862	100.0	%		3.49
Unconsolidated Development Properties:
Total/Weighted Average(3)	5	85.6	%	2,049		N/A		N/A			N/A	N/A			N/A
Total/Weighted Average - Unconsolidated Properties	21	33.5	%	7,735		N/A		100.0	%	$	19,862	N/A		$	3.49
Operating Properties Asset Managed Only:
Cincinnati	2	0.0	%	349		30.3	%	100.0	%	$	1,310	27.5	%	$	3.76
Columbus	1	0.0	%	330		28.7	%	100.0	%		1,164	24.4	%		3.52
Minneapolis	3	0.0	%	472		41.0	%	100.0	%		2,298	48.2	%		4.87
Total/Weighted Average - Asset Managed Only Properties	6	0.0	%	1,151		100.0	%	100.0	%	$	4,772	100.0	%	$	4.15
Summary:
Total/Weighted Average -
Consolidated/Unconsolidated Operating Properties	383	N/A		58,849		90.9	%	93.6	%	$	212,363	N/A			N/A
Total/Weighted Average -
Consolidated Redevelopment Properties	6	N/A		1,049		1.6	%	0.0	%		N/A	N/A			N/A
Total/Weighted Average -
Consolidated Operating Properties Held For Contribution	2	N/A		784		1.2	%	100.0	%		2,642	N/A			N/A
Total/Weighted Average -
Consolidated/Unconsolidated Development Properties	8	N/A		2,912		4.5	%	1.1	%		131	N/A			N/A
Total/Weighted Average - Asset Managed Only Properties	6	N/A		1,151		1.8	%	100.0	%		4,772	N/A			N/A
Total/Weighted Average - All Properties	405	N/A		64,745		100.0	%	88.1	%	$	219,908	N/A			N/A

⁽¹⁾ Percent owned is based on equity ownership weighted by square feet.

⁽²⁾ Calculated as Annualized Base Rent divided by square feet under lease as of March 31, 2007.

⁽³⁾ Includes one occupied 55,000 square foot building acquired in connection with the SCLA joint venture.

6

DCT INDUSTRIAL TRUST INC.

PROPERTY TYPE SUMMARY

	Bulk Distribution						Light Industrial						Service Center						Total Portfolio
Markets	Number of Buildings	Square Feet		Occupancy Percentage			Number of Buildings	Square Feet		Occupancy Percentage			Number of Buildings	Square Feet		Occupancy Percentage			Number of Buildings	Square Feet		Occupancy Percentage
	(in thousands)						(in thousands)						(in thousands)						(in thousands)
Consolidated Operating Properties:
Atlanta	29	5,373			96.2	%	13	678			82.5	%	12	384			76.3	%	54	6,435			93.6	%
Baltimore/Washington D.C.	12	1,446			89.5	%	—	—			—		—	—			—		12	1,446			89.5	%
Central Pennsylvania	8	1,453			100.0	%	—	—			—		—	—			—		8	1,453			100.0	%
Charlotte	4	456			100.0	%	5	291			82.7	%	—	—			—		9	747			93.3	%
Chicago	12	2,940			90.8	%	3	501			95.8	%	—	—			—		15	3,441			91.6	%
Cincinnati	16	3,801			78.7	%	20	766			93.6	%	1	66			69.8	%	37	4,633			81.0	%
Columbus	11	3,877			96.1	%	2	74			99.8	%	—	—			—		13	3,951			96.2	%
Dallas	28	5,031			93.3	%	8	473			86.6	%	16	661			86.7	%	52	6,165			92.1	%
Denver	1	160			100.0	%	—	—			—		—	—			—		1	160			100.0	%
Houston	11	1,539			84.4	%	12	630			85.6	%	11	284			84.3	%	34	2,453			84.7	%
Indianapolis	7	2,852			99.9	%	—	—			—		—	—			—		7	2,852			99.9	%
Louisville	3	1,027			100.0	%	—	—			—		—	—			—		3	1,027			100.0	%
Memphis	10	4,333			91.3	%	—	—			—		—	—			—		10	4,333			91.3	%
Miami	3	521			99.2	%	2	157			100.0	%	1	49			88.1	%	6	727			98.6	%
Minneapolis	2	279			100.0	%	1	77			100.0	%	—	—			—		3	356			100.0	%
Nashville	5	2,712			91.7	%	—	—			—		—	—			—		5	2,712			91.7	%
New Jersey	8	1,076			92.1	%	2	114			100.0	%	—	—			—		10	1,190			92.8	%
Northern California	9	1,755			100.0	%	21	1,007			91.9	%	—	—			—		30	2,762			97.1	%
Orlando	3	723			100.0	%	9	503			88.2	%	—	—			—		12	1,226			95.1	%
Phoenix	8	1,492			97.7	%	6	140			100.0	%	—	—			—		14	1,632			97.9	%
San Antonio	9	838			95.0	%	4	252			89.1	%	—	—			—		13	1,090			93.6	%
Seattle	8	1,199			100.0	%	—	—			—		—	—			—		8	1,199			100.0	%
Southern California	7	910			100.0	%	3	242			100.0	%	1	21			87.2	%	11	1,173			99.8	%
Total/Weighted Average - Operating Properties	214	45,793			93.6	%	111	5,905			90.5	%	42	1,465			82.8	%	367	53,163			92.9	%
Consolidated Redevelopment Properties	6	1,049			—		—	—			—		—	—			—		6	1,049			0.0	%
Operating Properties Held for Contribution	2	784			100.0	%	—	—			—		—	—			—		2	784			100.0	%
Consolidated Development Properties	3	863			N/A		—	—			—		—	—			—		3	863			N/A
Total/Weighted Average - Consolidated Properties	225	48,489			90.1	%	111	5,905			90.5	%	42	1,465			82.8	%	378	55,859			89.9	%
Unconsolidated Properties:
Unconsolidated Operating Properties	16	5,686			100.0	%	—	—			—		—	—			—		16	5,686			100.0	%
Development Properties	5	2,049			N/A		—	—			—		—	—			—		5	2,049			N/A
Asset Managed Properties	6	1,151			100.0	%	—	—			—		—	—			—		6	1,151			100.0	%
Total/Weighted Average - All Properties	252	57,375			88.0	%	111	5,905			90.5	%	42	1,465			82.8	%	405	64,745			88.1	%
Percentage of Square Feet		89	%					9	%					2	%					100	%
Total Annualized Base Rent - All Properties				$	179,922					$	30,356					$	9,630					$	219,908

7

DCT INDUSTRIAL TRUST INC.

CONSOLIDATED LEASING STATISTICS (1)

	Number of leases signed		Square Feet Signed	Initial Base Rent Per Square Foot (2)		Cash Basis Rent Growth		GAAP Basis Rent Growth		Weighted Average Lease Term (3)	Turnover Costs		Turnover Costs Per Square Foot
CONSOLIDATED SAME STORE:			(In thousands)							(In months)		(In thousands)
Q1 2007	39		964	$	3.75	7.2	%	21.2	%	50.7	$	1,734	$	1.80
TOTAL CONSOLIDATED(4):
Q1 2007
Bulk Distribution	24		1,228	$	3.55	1.8	%	15.6	%	48.3	$	1,507	$	1.23
Light Industrial	17		271		5.11	21.1	%	39.3	%	46.4		904		3.33
Service Center	13		53		6.51	-6.2	%	-1.3	%	38.6		276		5.21
Total/Weighted Average	54		1,552	$	3.92	5.9	%	20.6	%	47.6	$	2,687	$	1.73
Weighted Average Retention	78.4	%
Lease Expirations For Consolidated Operating Properties (3)
Year			Square Feet Related to Expiring Leases	Annualized Base Rent of Expiring Leases		Percentage of Total Annualized Base Rent
			(in thousands)	(in thousands)
2007(5)			5,808	$	26,832	13.7	%
2008			8,689		33,692	17.3	%
2009			10,264		38,622	19.8	%
2010			8,339		30,785	15.8	%
2011			4,671		19,763	10.1	%
Thereafter			12,424		45,449	23.3	%
Total leased			50,195	$	195,143	100.0	%
Under development			863
Under redevelopment			602
Available			4,199
Total			55,859

⁽¹⁾ Does not include month-to-month leases, unless otherwise noted.

⁽²⁾ Excludes contractual rent increases and monthly reimbursable costs.

⁽³⁾ Assumes no exercise of lease options.

⁽⁴⁾ Excludes development leases.

⁽⁵⁾ Includes month-to-month leases.

8

DCT INDUSTRIAL TRUST INC.

Ten Largest Customers⁽¹⁾

(dollar amounts in thousands)

CUSTOMER	Number of Leases	Annualized Base Rent		Percentage of Portfolio (2)		Pro Rata Annualized Base Rent		Square Feet Occupied
								(in thousands)
Deutsche Post World Net (DHL & Exel)(3)	15	$	6,693	3.11	%	$	4,382	1,951
Technicolor	2		3,967	1.84	%		3,967	1,455
Whirlpool Corporation	2		3,672	1.71	%		3,672	1,155
Bridgestone/Firestone	3		3,481	1.62	%		3,481	1,340
EGL, Inc.	5		3,258	1.51	%		3,258	775
S.C. Johnson & Son, Inc.(4)	2		2,948	1.37	%		1,383	900
The Clorox Sales Company(5)	2		2,787	1.30	%		1,476	877
United Parcel Service (UPS)	4		2,634	1.22	%		2,634	798
Verizon	2		2,372	1.10	%		2,372	337
Ozburn-Hessey Logistics	7		2,246	1.04	%		2,246	667
Total ten largest customers’ leases	44	$	34,058	15.82	%	$	28,871	10,255
Total leases for all other customers	826		181,078	84.18	%			45,658
Total portfolio	870	$	215,136	100.00	%			55,913

(1) Includes consolidated and unconsolidated operating and development properties as of March 31, 2007. Largest customers based on annualized base rent.

(2) Based on total Annualized Base Rent.

(3) 631,000 square feet of square feet occupied is approximately 10% owned by DCT Industrial.

(4) 396,000 square feet of square feet occupied is approximately 10% owned by DCT Industrial.

(5) 540,000 square feet of square feet occupied is approximately 20% owned by DCT Industrial.

9

DCT INDUSTRIAL TRUST INC.

CONSOLIDATED ACQUISITION AND DISPOSITION SUMMARY FOR THE QUARTER ENDED MARCH 31, 2007

Property/Portfolio	Market	Number of Buildings	Square Feet	Transaction Date
Acquisitions			(in thousands)
Bobali Drive	Central Pennsylvania	3	280	2/9/2007
Greenwood/Riverport	Louisville, Atlanta	2	695	3/14/2007
Total acquisitions		5	975
Total Acquisition Price - $39.9 million
Weighted Average Occupancy - 80.7%
Weighted Average Yield - 5.9% (year-one, cash basis)
Contributions to Funds
TRT-DCT Industrial JV I GP	Atlanta, Central Pennsylvania, Chicago	3	818	3/26/2007
TRT-DCT Industrial JV II GP	Dallas, Indianapolis	3	1,121	3/29/2007
Total		6	1,939
Dispositions
3930 East Watkins	Phoenix	1	102	1/17/2007
7401 Coca Cola Drive	Baltimore/Washington	1	139	1/18/2007
844 Livingston Court	Atlanta	1	25	3/27/2007
Total		3	266
Total Contributed Value/Sales Price—$159.3 million

10

DCT INDUSTRIAL TRUST INC.

DEVELOPMENT OVERVIEW AS OF MARCH 31, 2007

(dollar amounts in millions)

			Historical Cost						Projected Investment						Projected Stabilization by Year ($)
	Square Feet	Acres	Consolidated		Unconsolidated		Total		Consolidated		Unconsolidated		Total		2007		2008
	(in thousands)
Under Development:
Shell Complete	1,245	n/a	$	24.2	$	15.1	$	39.3	$	29.1	$	18.8	$	47.9	$	47.9	$	-
Under Construction	1,612	n/a		5.5		37.4		42.9		10.0		61.7		71.7		16.2		55.5
Total Under Development	2,857	n/a	$	29.7	$	52.5	$	82.2	$	39.1	$	80.5	$	119.6	$	64.1	$	55.5
Forward Commitment and Build-to-Suit(1)	1,744	n/a	$	-
Redevelopment(2)	1,049	n/a	$	42.8
Properties Held For Contribution(3)	784	n/a	$	32.1
Pre-Development(4) (5)	1,075	n/a	$	10.6
Land
Owned(5) (6)	6,818	453.8	$	20.6
Under Control (5) (7)	400	4,040.4		-
Total	7,218	4,494.2	$	20.6
Grand Total	14,727	4,494.2	$	135.8

⁽¹⁾ Includes Deltapoint (Memphis) and Nexxus (Monterrey, Mexico). Total Projected Investment in these assets is estimated to be between $70 million and $75 million.

⁽²⁾ Summary of redevelopment assets:

Property	Market	Square Feet
		(in thousands)
Greenwood Parkway	Atlanta	189
Nations Ford	Charlotte	259
Creekside	Columbus	121
4400 Tejasco	San Antonio	120
5909 Business Park	San Antonio	138
Medline	Southern CA	222
Total		1,049

Total Projected Investment in these assets is expected to be between $45 million and $50 million

⁽³⁾ Includes Cummins (Cincinatti) and Midpoint (Kansas City).

⁽⁴⁾ Includes Dulles Summit Phase I (Baltimore/Washington DC), ADC North Phase I and Airport Distribution (Orlando) and a portion of Phase IA of SCLA (Southern California). Total Projected Investment in these assets is expected to be between $80 million and $85 million. Phase IA of SCLA is unconsolidated.

⁽⁵⁾ Summary of SCLA:

	Square Feet	Acres	Projected Investment
Phase 1A (Owned):	(in thousands)		(in millions)
Under Construction	408	20	$16
Pre-Development	518	31	$34
Land Held (Square Feet based on 40% coverage)	5,356	305
Total	6,282	356
Additional Phases (Under Control)		3,994
Total SCLA		4,350

⁽⁶⁾ Includes Buford Phase II (Atlanta), Dulles Summit Phase II (Baltimore/Washington DC), ADC North Phase II (Orlando), Sycamore Canyon B (Southern California) and a portion of Phase IA of SCLA (Southern California). Both the Sycamore Canyon and SCLA land is unconsolidated.

⁽⁷⁾ Only includes estimated square feet on first option of Deltapoint land (Memphis) and excludes option on approx. 24.6 additional acres. Also excludes any square feet associated with future phases at SCLA (see note 5).

11

DCT INDUSTRIAL TRUST INC.

CONSTRUCTION SUMMARY AS OF MARCH 31, 2007

(dollar amounts in millions)

Construction

Project	Market	Square Feet	Projected Investment		Start Date	Anticipated Stabilization Date	Consolidated/ Unconsolidated (C/U)
		(in thousands)
Shell Complete
Buford 100	Atlanta	499	$	19.4	2nd Qtr 2005	2007	C
Buford 200	Atlanta	189		9.6	2nd Qtr 2005	2007	C
South Creek IV	Atlanta	557		18.9	2nd Qtr 2005	2007	U
Total/Weighted Average		1,245	$	47.9
Under Construction
Veterans 2	Chicago	175	$	10.0	3rd Qtr 2006	2008	C
Logistics Way	Nashville	570		22.1	3rd Qtr 2006	2008	U
Sycamore Canyon A	Southern California	459		23.4	2nd Qtr 2006	2008	U
SCLA Phase 1A	Southern California	408		16.2	1st Qtr 2007	2007	U
Total/Weighted Average		1,612	$	71.7
Grand Total/Weighted Average		2,857	$	119.6
Projected Stabilized Cash Yield				7.7%
Weighted Average DCT % Ownership at 3/31/07				96.2%

12

DCT INDUSTRIAL TRUST INC.

INDEBTEDNESS

(dollar amounts in thousands)

Description	Stated Interest Rate	Effective Interest Rate	Maturity Date	Balance as of 3/31/2007
Senior Unsecured Notes:
2 year, variable rate(1)	6.05%	6.05%	June 2008	$	275,000
5 year, fixed rate	5.53%	5.24%	April 2011		50,000
8 year, fixed rate	5.68%	6.03%	January 2014		50,000
10 year, fixed rate	5.77%	5.74%	April 2016		50,000
					425,000
Mortgage Notes:
Fixed Rate Secured Debt	5.40%	5.09%	Feb 2008 -Apr 2032		619,426
Variable Rate Secured Debt	6.55%	4.90%	October 2011		25,237
Premiums, Net of Amortization					7,702
					652,365
Total Senior Unsecured Notes and Mortgage Notes					1,077,365
Unsecured Credit Facility:
Senior Unsecured Revolving Credit Facility(2)	6.02%	6.02%	December 2010		22,000
Total Carrying Value of Debt				$	1,099,365
Weighted Average Interest Rate	5.64%	5.42%
Fixed Rate Debt	5.45%	5.20%			71%
Variable Rate Debt(1)	6.09%	5.94%			29%
DCT Share of Unconsolidated Joint Venture Debt(3)
Operating Joint Ventures				$	19,100
Development Joint Ventures					34,657
				$	53,757

Scheduled Principal Payments of Debt as of March 31, 2007 (excluding premiums)

Year	Senior Unsecured Notes			Mortgage     Notes		Unsecured     Credit Facility		Total
Remainder of 2007	$	-		$	5,973	$	-	$	5,973
2008		275,000	(1)		70,116		-		345,116
2009		-			7,641		-		7,641
2010		-			58,081		22,000		80,081
2011		50,000			233,528		-		283,528
2012		-			172,547		-		172,547
2013		-			20,387		-		20,387
2014		50,000			3,835		-		53,835
2015		-			45,141		-		45,141
2016		50,000			5,907		-		55,907
Thereafter		-			21,507		-		21,507
Total	$	425,000		$	644,663	$	22,000	$	1,091,663

⁽¹⁾ During June 2006, we entered into an eight-month, LIBOR-based forward-starting swap to mitigate the effect on cash outflows attributable to changes in LIBOR related to the $275.0 million variable rate, unsecured notes issued in June 2006. This swap expired in February 2007. Concurrent with the $275.0 million note issuance, we also entered into a forward-starting swap to hedge our exposure to variability in the cash outflows of future fixed rate debt issuances due to fluctuations in the USD-LIBOR swap rate. We expect to utilize this forward-starting swap in the third quarter of 2007.

⁽²⁾ The senior unsecured revolving credit facility bears interest at either LIBOR plus 0.55% to 1.1% or, at DCT’s election, prime. After giving effect to outstanding letters of credit, we have $238.9 million available on our unsecured revolving credit facility, which has a $300 million total capacity.

⁽³⁾ Based on ownership as of March 31, 2007. This debt has not been guaranteed by the Company.

13

DCT INDUSTRIAL TRUST INC.

CAPITALIZATION

(dollar amounts in thousands, except per share data)

Capitalization as of March 31, 2007

Description	Shares or Units (1)	Share Price		Market         Value
	(in thousands)
Common shares outstanding	168,355	$	11.83	$	1,991,635
Operating partnership units outstanding(2)	30,564	$	11.83		361,572
Total Equity Market Capitalization					2,353,207
Consolidated debt					1,099,365
Pro rata share of debt related to unconsolidated joint ventures					53,757
Total Debt					1,153,122
Total Market Capitalization				$	3,506,329
Ratio of total debt to total market capitalization, including pro rata share of debt related to unconsolidated joint ventures					32.9%

Fixed Charge Coverage
		Quarter Ended March 31,
		2007			2006
Net income	$	15,355		$	1,955
Interest expense(3)		16,880			11,681
Pro rata share of interest expense from unconsolidated JVs		826			173
Real estate related depreciation and amortization(3)		28,783			24,492
Pro rata share of real estate related depreciation and amortization from unconsol. JVs		325			109
Income taxes		471			51
Stock-based compensation amortization expense		494			16
Minority interest(3)		2,486			(189	)
Equity in (income) losses of unconsolidated joint ventures, net		(74	)		53
Non-FFO gains on dispositions of real estate interests, net		(13,735	)		(3,988	)
Adjusted EBITDA	$	51,811		$	34,353
Calculation of Fixed Charges
Interest expense(3)	$	15,013		$	9,503
Interest expense related to financing obligation(2)		1,867			2,178
Capitalized interest		1,553			336
Amortization of loan costs and debt premium/discount		57			83
Amortization of financing obligations		(195	)		(239	)
Pro rata share of interest expense from unconsolidated JVs		826			173
Total Fixed Charges	$	19,121		$	12,034
Fixed Charge Coverage		2.7			2.9

⁽¹⁾ Excludes unvested Long-Term Incentive Plan Units and Phantom Shares of 684,241 units.

⁽²⁾ As of March 31, 2007, our balance sheet includes $95.7 million of financing obligations related to our operating partnership’s private placement of undivided tenancy-in-common (TIC) interests. In satisfaction of this financing obligation, we anticipate issuing approximately 8-9 million OP units during the remainder of 2007. The payments made to these investors while they held TIC interests are reflected primarily as interest expense in the accompanying financial statements.

⁽³⁾ Includes amounts related to discontinued operations.

14

DCT INDUSTRIAL TRUST INC.

INSTITUTIONAL CAPITAL MANAGEMENT SUMMARY

(dollar amounts in thousands, except per square foot data)

		For the Quarter Ended March 31, 2007
CONSOLIDATED STATEMENTS OF OPERATIONS:		DCT Fund I LLC			TRT-DCT Industrial JV I GP			TRT-DCT Industrial JV II GP
Revenues:
Rental revenues	$	2,791		$	1,273		$	39
Other revenues		40			10			-
Total revenues		2,831			1,283			39
Expenses:
Real estate taxes		336			26			-
Rental expenses		342			152			-
Depreciation and amortization		1,214			668			111
Management fees		137			-			-
Total expenses		2,029			846			111
Interest expense		(1,346	)		-			-
Net Income (Loss)	$	(544	)	$	437		$	(72	)
Rental revenues	$	2,791		$	1,273		$	39
Rental expenses and real estate taxes		678			178			-
Net Operating Income	$	2,113		$	1,095		$	39
DCT Industrial Ownership %		20	%		10	%		10%

		As of March 31, 2007
CONSOLIDATED BALANCE SHEETS:		DCT Fund I LLC			TRT-DCT Industrial JV I GP			TRT-DCT Industrial JV II GP
Total Investment in properties	$	124,482		$	113,222		$	52,322
Accumulated depreciation and amortization		(5,383	)		(808	)		(120	)
Net Investment in properties		119,099			112,414			52,202
Cash and cash equivalents		1,531			1,343			-
Other Assets		1,370			689			20
Total Assets	$	122,000		$	114,446		$	52,222
Secured debt	$	95,500	(1)	$	-		$	-
Other Liabilities		3,009			3,975			649
Total Liabilities		98,509			3,975			649
Partners’ Capital		23,491			110,471			51,573
Total Liabilities and Partners’ Capital	$	122,000		$	114,446		$	52,222

Market Data by Fund:(2)	Number of Buildings	Square     Feet		Occupancy Percentage		Annualized Base Rent		Percentage of Total Annualized Base Rent		Annualized Base Rent Per Square Foot
DCT Fund I LLC:		(000s	)			(in thousands	)
Atlanta	1	578		100.0%	$	1,478		17%	$	2.56
Central Pennsylvania	1	100		100.0%		411		5%		4.11
Chicago	1	303		100.0%		1,504		18%		4.96
Dallas	1	540		100.0%		1,639		19%		3.04
Memphis	1	1,039		100.0%		2,857		34%		2.75
New Jersey	1	87		100.0%		630		7%		7.24
Subtotal	6	2,647		100.0%		8,519		100%		3.22
TRT-DCT Industrial JV I GP:
Atlanta	1	125		100.0%		500		7%		4.00
Central Pennsylvania	3	736		100.0%		3,122		41%		4.24
Charlotte	1	472		100.0%		1,415		19%		3.00
Chicago	1	189		100.0%		772		10%		4.08
Northern California	1	396		100.0%		1,738		23%		4.39
Subtotal	7	1,918		100.0%		7,547		100.0%		3.93
TRT-DCT Industrial JV II GP:
Dallas	2	646		100.0%		2,316		61.0%		3.59
Indianapolis	1	475		100.0%		1,480		39.0%		3.12
	3	1,121		100.0%		3,796		100.0%		3.39
Total	16	5,686		100.0%	$	19,862			$	3.49

⁽¹⁾ Debt requires interest only payments until 2012 and has a stated interest rate of 5.6%.

⁽²⁾ See acquisitions page for detail of properties contributed into the funds for the quarter ended March 31, 2007.

15

DCT INDUSTRIAL TRUST INC. Definitions

Acquisition Price	Includes purchase price and all costs associated with the acquisition.
Adjusted EBITDA	EBITDA represents earnings (loss) from operations before interest, taxes, depreciation, amortization, stock-based compensation expense, equity income (loss) related to unconsolidated joint ventures and minority interest, and excludes non-FFO gains on disposed assets. We use adjusted EBITDA to measure our operating performance and to provide investors relevant and useful information because it allows fixed income investors to view income from our operations on an unleveraged basis before the effects of non-cash items, such as depreciation and amortization.
Annualized Base Rent	Annualized Base Rent is calculated as monthly contractual base rent (cash basis ) per the terms of the lease, as of period end, multiplied by 12.
Capital Expenditures - (Cap Ex)	Capital expenditures include building improvements, development costs and leasing costs required to maintain current revenues and/or improve real estate assets.
Cash Basis Rent Growth	Cash basis rent growth is the ratio of the change in base rent due in the first month after the lease commencement date compared to the base rent of the last month prior to the termination of the lease, excluding new leases where there were no prior comparable leases. Free rent periods are not considered.
Cash Net Operating Income	We calculate Cash Net Operating Income as Net Operating Income (as defined below) excluding non-cash amounts recorded for straight-line rents and the amortization of above/below market rents. See definition of Net Operating Income below for additional information.
Contributed Value	Represents the fair market value of real estate contributed to funds.
Due Diligence Capital Expenditures	Costs that were identified during the acquisition-related due diligence activity to renovate, rehabilitate and reposition real estate assets to market standards.
GAAP	United States generally accepted accounting principles.
GAAP Basis Rent Growth	GAAP basis rent growth is a ratio of the change in monthly Net Effective Rent (on a GAAP basis, including straight-line rent and above/below rent adjustments as required by GAAP) compared to the Net Effective Rent (on a GAAP basis) of the previous term. New leases where there were no prior comparable leases are excluded.
Effective Interest Rate	Reflects the impact to interest rates of GAAP adjustments for purchase price allocation and hedging transactions. These rates do not reflect the impact of other interest expense items such as fees and the amortization of loan costs.
Fixed Charges	Fixed charges include interest expense, increased for interest capitalized and our pro rata share of our unconsolidated joint venture debt and adjusted for amortization of discounts, premiums and loan costs. Additionally, the amortization of the financing obligation is not included.
Fixed Charge Coverage	We calculate Fixed Charge Coverage as adjusted EBITDA divided by total Fixed Charges
FFO	DCT Industrial believes that net income, as defined by GAAP, is the most appropriate earnings measure. However, DCT Industrial considers funds from operations (“FFO”), as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), to be a useful supplemental measure of DCT Industrial’s operating performance. NAREIT developed FFO as a relative measure of performance of an equity REIT in order to recognize that the value of income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO is generally defined as net income, calculated in accordance with GAAP, plus real estate-related depreciation and amortization, less gains (or losses) from dispositions of real estate held for investment purposes and adjustments to derive DCT Industrial’s pro rata share of FFO of consolidated and unconsolidated joint ventures. Readers should note that FFO captures neither the changes in the value of DCT Industrial’s properties that result from use or market conditions, nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of DCT Industrial’s properties, all of which have real economic effect and could materially
	impact DCT Industrial’s results from operations. Other REITs may not calculate FFO in accordance with the NAREIT definition and, accordingly, DCT Industrial’s FFO may not be comparable to such other REITs’ FFO. Accordingly, FFO should be considered only as a supplement to net income as a measure of DCT Industrial’s performance.
Held for Contribution	Represents Stabilized properties anticipated to be contributed to a fund within 12 months.
Historical Cost	Represents historical undepreciated book value pursuant to GAAP as of the period indicated including acquisition fees.
Initial Base Rent Per Square Foot	Monthly base rent (cash basis) per the lease divided by the square feet leased. Free rent periods are not considered.
Net Effective Rent	Average base rental rate over the term of the lease, calculated in accordance with GAAP.
Net Operating Income (“NOI”)	Net operating income (“NOI”) is defined as rental revenues, including expense reimbursements, less rental expenses and real estate taxes, and excludes depreciation, amortization, general and administrative expenses and interest expense. DCT Industrial considers NOI to be an appropriate supplemental performance measure because NOI reflects the operating performance of DCT Industrial’s properties and excludes certain items that are not considered to be controllable in connection with the management of the property such as depreciation, interest expense, interest income and general and administrative expenses. However, NOI should not be viewed as an alternative measure of DCT Industrial’s financial performance since it excludes expenses which could materially impact our results of operations. Further, DCT Industrial’s NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating NOI. Therefore, DCT Industrial believes net income, as defined by GAAP, to be the most appropriate measure to evaluate DCT Industrial’s overall financial performance.

	Consolidated Operating Data						Same Store Operating Data
Reconciliation of NOI to Net Income:	March 31, 2007			March 31, 2006			March 31, 2007			March 31, 2006
Net Operating Income		48,596			34,571			31,829			32,127
Net operating income - non-same store properties		N/A			N/A			16,767			2,444
Other operating income (expense)		(32,078	)		(27,384	)		(32,078	)		(27,384	)
Other income and expenses		(8,397	)		(5,188	)		(8,397	)		(5,188	)
Minority interest		(1,082	)		175			(1,082	)		175
Discontinued operations		8,316			(219	)		8,316			(219	)
Net income	$	15,355		$	1,955		$	15,355		$	1,955

16

DCT INDUSTRIAL TRUST INC. Definitions

Redevelopment	Represents assets acquired with the intention to reposition or redevelop. May include buildings taken out of service to redevelop where we generally expect to spend more than 20% of the building’s book value on capital improvements, if applicable.
Retention	Calculated as (retained square feet + relocated square feet) / ((retained square feet + relocated square feet + expired square feet) - (square feet of vacancies anticipated at acquisition + month-to-month square feet + bankruptcy square feet + early terminations)).
Sales Price	Contractual price of real estate sold before closing adjustments.
Same Store Population	The same store population is determined independently for each period presented, quarter-to-date and year-to-date, by including all consolidated operating properties that have been owned and stabilized for the entire current and prior periods presented.
Square Feet	Represents square feet in building that are available for lease.
Stabilized	Buildings are considered stabilized when generally 95% occupied, or up to approximately 18 months after completion of construction.
Stock-based Compensation Amortization Expense	Represents the non-cash amortization required by SFAS No. 123(R),Share-Based Payment, of the cost of employee services received in exchange for an award of an equity instrument based on the award’s fair value on the grant date and amortized over the vesting period.
Turnover Costs	Turnover costs are comprised of the costs incurred or capitalized for improvements of vacant and renewal spaces, as well as the commissions paid or costs capitalized for leasing transactions. The amount indicated for leasing statistics represents the total turnover costs expected to be incurred on the leases signed during the period and does not reflect actual expenditures for the period.
Yield	Calculated as Net Operating Income divided by Acquisition Price.

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