Duck Creek 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 24, 2015
Document And Entity Information [Line Items]
Document type	10-Q
Amendment flag	false
Document Period End Date	Jun. 30, 2015
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 Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		88,326,430
Trading Symbol	dct
DCT Industrial Operating Partnership LP [Member]
Document And Entity Information [Line Items]
Document Period End Date	Jun. 30, 2015
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 Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Land	$ 1,006,608	$ 950,963
Buildings and improvements	2,879,538	2,787,959
Intangible lease assets	89,330	86,515
Construction in progress	85,795	134,938
Total investment in properties	4,061,271	3,960,375
Less accumulated depreciation and amortization	(724,788)	(703,840)
Net investment in properties	3,336,483	3,256,535
Investments in and advances to unconsolidated joint ventures	92,715	94,728
Net investment in real estate	3,429,198	3,351,263
Cash and cash equivalents	22,914	19,631
Restricted cash	5,424	3,779
Deferred loan costs, net	9,646	8,026
Straight-line rent and other receivables, net of allowance for doubtful accounts	54,752	54,183
Other assets, net	11,127	14,652
Total assets	3,533,061	3,451,534
Liabilities:
Accounts payable and accrued expenses	67,544	83,543
Distributions payable	26,038	25,973
Tenant prepaids and security deposits	30,584	30,539
Other liabilities	17,401	14,078
Intangible lease liabilities, net	22,792	22,940
Line of credit	149,000	37,000
Senior unsecured notes	1,082,732	1,122,621
Mortgage notes	266,831	249,424
Total liabilities	$ 1,662,922	$ 1,586,118
Equity/Partners' Capital:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 500,000,000 shares authorized 88,203,274 and 88,012,696 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	$ 882	$ 880
Additional paid-in capital	2,765,228	2,762,431
Distributions in excess of earnings	(988,679)	(986,289)
Accumulated other comprehensive loss	(25,428)	(27,190)
Total stockholders’ equity	1,752,003	1,749,832
Noncontrolling interests	118,136	115,584
Total equity	1,870,139	1,865,416
Total liabilities and equity	3,533,061	3,451,534
DCT Industrial Operating Partnership LP [Member]
ASSETS
Land	1,006,608	950,963
Buildings and improvements	2,879,538	2,787,959
Intangible lease assets	89,330	86,515
Construction in progress	85,795	134,938
Total investment in properties	4,061,271	3,960,375
Less accumulated depreciation and amortization	(724,788)	(703,840)
Net investment in properties	3,336,483	3,256,535
Investments in and advances to unconsolidated joint ventures	92,715	94,728
Net investment in real estate	3,429,198	3,351,263
Cash and cash equivalents	22,914	19,631
Restricted cash	5,424	3,779
Deferred loan costs, net	9,646	8,026
Straight-line rent and other receivables, net of allowance for doubtful accounts	54,752	54,183
Other assets, net	11,127	14,652
Total assets	3,533,061	3,451,534
Liabilities:
Accounts payable and accrued expenses	67,544	83,543
Distributions payable	26,038	25,973
Tenant prepaids and security deposits	30,584	30,539
Other liabilities	17,401	14,078
Intangible lease liabilities, net	22,792	22,940
Line of credit	149,000	37,000
Senior unsecured notes	1,082,732	1,122,621
Mortgage notes	266,831	249,424
Total liabilities	1,662,922	1,586,118
Equity/Partners' Capital:
Accumulated other comprehensive loss	(26,648)	(28,487)
General Partner: OP Units, 924,395 and 922,131 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	18,811	18,819
Limited Partner: OP Units, 91,515,090 and 91,290,942 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	1,862,285	1,863,050
Total partners' capital	1,854,448	1,853,382
Noncontrolling interests	15,691	12,034
Total capital	1,870,139	1,865,416
Total liabilities and equity	$ 3,533,061	$ 3,451,534

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Straight-line rent and other receivables, allowance for doubtful accounts	$ 665	$ 956
Preferred stock, par value	$ 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	$ 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	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	88,203,274	88,012,696
Common stock, shares outstanding	88,203,274	88,012,696
DCT Industrial Operating Partnership LP [Member]
Straight-line rent and other receivables, allowance for doubtful accounts	$ 665	$ 956
General Partner: OP Units issued	924,395	922,131
General Partner: OP Units outstanding	924,395	922,131
Limited Partner: OP Units issued	91,515,090	91,290,942
Limited Partner: OP Units outstanding	91,515,090	91,290,942

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUES:
Rental revenues	$ 88,115	$ 83,302	$ 176,177	$ 165,921
Institutional capital management and other fees	423	308	801	1,072
Total revenues	88,538	83,610	176,978	166,993
OPERATING EXPENSES:
Rental expenses	8,408	9,433	18,556	21,835
Real estate taxes	13,521	13,711	28,026	26,908
Real estate related depreciation and amortization	38,449	37,270	77,445	73,703
General and administrative	9,856	7,498	17,192	14,332
Impairment losses		376		4,735
Casualty and involuntary conversion gain		(340)		(340)
Total operating expenses	70,234	67,948	141,219	141,173
Operating income	18,304	15,662	35,759	25,820
OTHER INCOME (EXPENSE):
Development profit, net of taxes	2,627	1,288	2,627	2,016
Equity in earnings of unconsolidated joint ventures, net	1,036	697	1,843	4,310
Gain on business combination				1,000
Gain on dispositions of real estate interests	14,932	372	41,086	1,417
Interest expense	(13,609)	(16,182)	(27,513)	(32,238)
Interest and other income (expense)	(11)	(23)	(29)	5
Income tax benefit (expense) and other taxes	(278)	241	(471)	184
Income from continuing operations	23,001	2,055	53,302	2,514
Income from discontinued operations		5,215		5,224
Consolidated net income of DCT Industrial Trust Inc.	23,001	7,270	53,302	7,738
Net income attributable to noncontrolling interests	(4,704)	(469)	(6,260)	(620)
Net Income (loss) attributable to common stockholders/OP Unitholders	18,297	6,801	47,042	7,118
Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 18,096	$ 6,631	$ 46,698	$ 6,782
EARNINGS PER COMMON SHARE - BASIC
Income from continuing operations	$ 0.21	$ 0.02	$ 0.53	$ 0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	0.21	0.08	0.53	0.08
EARNINGS PER COMMON SHARE - DILUTED
Income from continuing operations	0.20	0.02	0.53	0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	$ 0.20	$ 0.08	$ 0.53	$ 0.08
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	88,187	82,280	88,139	81,636
Diluted	88,486	82,563	88,453	81,909
Distributions declared per common share	$ 0.28	$ 0.28	$ 0.56	$ 0.56
DCT Industrial Operating Partnership LP [Member]
REVENUES:
Rental revenues	$ 88,115	$ 83,302	$ 176,177	$ 165,921
Institutional capital management and other fees	423	308	801	1,072
Total revenues	88,538	83,610	176,978	166,993
OPERATING EXPENSES:
Rental expenses	8,408	9,433	18,556	21,835
Real estate taxes	13,521	13,711	28,026	26,908
Real estate related depreciation and amortization	38,449	37,270	77,445	73,703
General and administrative	9,856	7,498	17,192	14,332
Impairment losses		376		4,735
Casualty and involuntary conversion gain		(340)		(340)
Total operating expenses	70,234	67,948	141,219	141,173
Operating income	18,304	15,662	35,759	25,820
OTHER INCOME (EXPENSE):
Development profit, net of taxes	2,627	1,288	2,627	2,016
Equity in earnings of unconsolidated joint ventures, net	1,036	697	1,843	4,310
Gain on business combination				1,000
Gain on dispositions of real estate interests	14,932	372	41,086	1,417
Interest expense	(13,609)	(16,182)	(27,513)	(32,238)
Interest and other income (expense)	(11)	(23)	(29)	5
Income tax benefit (expense) and other taxes	(278)	241	(471)	184
Income from continuing operations	23,001	2,055	53,302	2,514
Income from discontinued operations		5,215		5,224
Consolidated net income of DCT Industrial Trust Inc.	23,001	7,270	53,302	7,738
Net income attributable to noncontrolling interests	(3,824)	(103)	(3,977)	(236)
Net Income (loss) attributable to common stockholders/OP Unitholders	19,177	7,167	49,325	7,502
Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 18,976	$ 6,997	$ 48,981	$ 7,166
EARNINGS PER COMMON SHARE - BASIC
Income from continuing operations	$ 0.21	$ 0.02	$ 0.53	$ 0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	0.21	0.08	0.53	0.08
Net income attributable to OP Unitholders	0.21	0.08	0.53	0.08
EARNINGS PER COMMON SHARE - DILUTED
Income from continuing operations	0.20	0.02	0.53	0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	0.20	0.08	0.53	0.08
Net income attributable to OP Unitholders	$ 0.20	$ 0.08	$ 0.53	$ 0.08
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	92,443	86,620	92,417	86,033
Diluted	92,742	86,903	92,731	86,306
Distributions declared per common share	$ 0.28	$ 0.28	$ 0.56	$ 0.56

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP	$ 23,001	$ 7,270	$ 53,302	$ 7,738
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	58	(518)	(455)	(846)
Net reclassification adjustment on cash flow hedging instruments	1,158	1,172	2,311	2,328
Other comprehensive income	1,216	654	1,856	1,482
Comprehensive income	24,217	7,924	55,158	9,220
Comprehensive income attributable to noncontrolling interests	(4,843)	(513)	(6,354)	(778)
Comprehensive income attributable to common stockholders/OP Unitholders	19,374	7,411	48,804	8,442
DCT Industrial Operating Partnership LP [Member]
Consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP	23,001	7,270	53,302	7,738
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	58	(518)	(455)	(846)
Net reclassification adjustment on cash flow hedging instruments	1,158	1,172	2,311	2,328
Other comprehensive income	1,216	654	1,856	1,482
Comprehensive income	24,217	7,924	55,158	9,220
Comprehensive income attributable to noncontrolling interests	(3,894)	(50)	(3,994)	(218)
Comprehensive income attributable to common stockholders/OP Unitholders	$ 20,323	$ 7,874	$ 51,164	$ 9,002

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Distributions In Excess Of Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Non-Controlling Interests [Member]
Balance, value at Dec. 31, 2014	$ 1,865,416	$ 880	$ 2,762,431	$ (986,289)	$ (27,190)	$ 115,584
Balance, shares at Dec. 31, 2014	88,012,696	88,013,000
Net income	$ 53,302			47,042		6,260
Other comprehensive income	1,856				1,762	94
Issuance of common stock, stock-based compensation plans, value	$ (425)	$ 1	(426)
Issuance of common stock, stock-based compensation plans, shares	100,000	86,000
Amortization of stock-based compensation	$ 3,368		874			2,494
Distributions to common stockholders and noncontrolling interests	(52,437)			(49,432)		(3,005)
Redemptions of noncontrolling interests, value	$ (941)	$ 1	2,349			(3,291)
Redemptions of noncontrolling interests, shares	100,000	104,000
Balance, value at Jun. 30, 2015	$ 1,870,139	$ 882	$ 2,765,228	$ (988,679)	$ (25,428)	$ 118,136
Balance, shares at Jun. 30, 2015	88,203,274	88,203,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 53,302	$ 7,738
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP to net cash provided by operating activities:
Real estate related depreciation and amortization	77,445	73,703
Gain on acquisitions and dispositions of real estate interests	(41,086)	(7,534)
Distributions of earnings from unconsolidated joint ventures	2,827	2,284
Equity in earnings of unconsolidated joint ventures, net	(1,843)	(4,310)
Impairment losses		4,735
Stock-based compensation	2,540	2,211
Casualty and involuntary conversion gain		(340)
Straight-line rent	(3,402)	(5,303)
Other	(1)	2,669
Changes in operating assets and liabilities:
Other receivables and other assets	10,668	11,871
Accounts payable, accrued expenses and other liabilities	(316)	(7,228)
Net cash provided by operating activities	100,134	80,496
INVESTING ACTIVITIES:
Real estate acquisitions	(143,465)	(116,074)
Capital expenditures and development activities	(97,639)	(84,120)
Proceeds from dispositions of real estate investments	136,188	31,932
Investments in unconsolidated joint ventures	(840)	(940)
Proceeds from casualties and involuntary conversion		491
Distributions of investments in unconsolidated joint ventures	1,014	16,757
Other investing activities	(3,441)	(2,792)
Net cash used in investing activities	(108,183)	(154,746)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	166,000	76,000
Repayments of senior unsecured revolving line of credit	(54,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Principal payments on mortgage notes	(4,112)	(8,033)
Proceeds from issuance of common stock		86,928
Net settlement on issuance of stock-based compensation awards	(425)	(274)
Offering costs for issuance of common stock and OP Units		(1,110)
Redemption of noncontrolling interests	(941)	(796)
Dividends to common stockholders	(49,387)	(45,367)
Distributions to noncontrolling interests	(2,985)	(3,077)
Contributions from noncontrolling interests		101
Other financing activity	(2,818)	(13)
Net cash provided by financing activities	11,332	62,359
NET CHANGE IN CASH AND CASH EQUIVALENTS	3,283	(11,891)
CASH AND CASH EQUIVALENTS, beginning of period	19,631	32,226
CASH AND CASH EQUIVALENTS, end of period	22,914	20,335
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	25,848	30,378
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	13,159	14,420
Redemptions of OP Units settled in shares of common stock	2,350	6,084
Assumption of mortgage notes in connection with real estate acquired	22,958	7,459
DCT Industrial Operating Partnership LP [Member]
OPERATING ACTIVITIES:
Net income	53,302	7,738
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP to net cash provided by operating activities:
Real estate related depreciation and amortization	77,445	73,703
Gain on acquisitions and dispositions of real estate interests	(41,086)	(7,534)
Distributions of earnings from unconsolidated joint ventures	2,827	2,284
Equity in earnings of unconsolidated joint ventures, net	(1,843)	(4,310)
Impairment losses		4,735
Stock-based compensation	2,540	2,211
Casualty and involuntary conversion gain		(340)
Straight-line rent	(3,402)	(5,303)
Other	(1)	2,669
Changes in operating assets and liabilities:
Other receivables and other assets	10,668	11,871
Accounts payable, accrued expenses and other liabilities	(316)	(7,228)
Net cash provided by operating activities	100,134	80,496
INVESTING ACTIVITIES:
Real estate acquisitions	(143,465)	(116,074)
Capital expenditures and development activities	(97,639)	(84,120)
Proceeds from dispositions of real estate investments	136,188	31,932
Investments in unconsolidated joint ventures	(840)	(940)
Proceeds from casualties and involuntary conversion		491
Distributions of investments in unconsolidated joint ventures	1,014	16,757
Other investing activities	(3,441)	(2,792)
Net cash used in investing activities	(108,183)	(154,746)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	166,000	76,000
Repayments of senior unsecured revolving line of credit	(54,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Principal payments on mortgage notes	(4,112)	(8,033)
Proceeds from the issuance of OP Units in exchange for contributions from the REIT, net		85,818
Net settlement on issuance of stock-based compensation awards	(425)	(274)
OP Unit redemptions	(941)	(796)
Dividends to common stockholders	(52,035)	(48,085)
Distributions to noncontrolling interests	(337)	(359)
Contributions from noncontrolling interests		101
Other financing activity	(2,818)	(13)
Net cash provided by financing activities	11,332	62,359
NET CHANGE IN CASH AND CASH EQUIVALENTS	3,283	(11,891)
CASH AND CASH EQUIVALENTS, beginning of period	19,631	32,226
CASH AND CASH EQUIVALENTS, end of period	22,914	20,335
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	25,848	30,378
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	13,159	14,420
Assumption of mortgage notes in connection with real estate acquired	$ 22,958	$ 7,459

Consolidated Statement Of Chan8

Consolidated Statement Of Changes In Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Balance at beginning of period		$ (27,190)
Net income	$ 23,001	53,302
Other comprehensive income	1,216	1,856
Amortization of stock-based compensation		3,368
Balance at end of period	(25,428)	(25,428)
Non-Controlling Interests [Member]
Net income		6,260
Other comprehensive income		94
Amortization of stock-based compensation		2,494
DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period		1,865,416
Balance at beginning of period		18,819
Balance at beginning of period		1,863,050
Balance at beginning of period		(28,487)
Balance at beginning of period		12,034
Net income	23,001	53,302
Other comprehensive income	1,216	1,856
Issuance of OP Units, share-based compensation plans		(425)
Amortization of stock-based compensation		3,368
Distributions to OP Unitholders and noncontrolling interests		(52,437)
Redemption of limited partner OP Units , net		(941)
Balance at end of period	1,870,139	1,870,139
Balance at end of period	18,811	18,811
Balance at end of period	1,862,285	1,862,285
Balance at end of period	(26,648)	(26,648)
Balance at end of period	15,691	15,691
DCT Industrial Operating Partnership LP [Member] | Non-Controlling Interests [Member]
Balance at beginning of period		12,034
Net income		3,977
Other comprehensive income		17
Distributions to OP Unitholders and noncontrolling interests		(337)
Balance at end of period	15,691	15,691
DCT Industrial Operating Partnership LP [Member] | General Partner [Member]
Balance at beginning of period		$ 18,819
Balance at beginning of period, Units		922
Net income		$ 493
Distributions to OP Unitholders and noncontrolling interests		(521)
Conversion of limited partner OP Units to OP Units of general partner		$ 20
Conversion of limited partner OP Units to OP Units of general partner, Units		2
Balance at end of period	$ 18,811	$ 18,811
Balance at end of period, Units	924	924
DCT Industrial Operating Partnership LP [Member] | Limited Partners [Member]
Balance at beginning of period		$ 1,863,050
Balance at beginning of period, Units		91,291
Net income		$ 48,832
Issuance of OP Units, share-based compensation plans		$ (425)
Issuance of OP Units, share-based compensation plans, Units		253
Amortization of stock-based compensation		$ 3,368
Distributions to OP Unitholders and noncontrolling interests		(51,579)
Redemption of limited partner OP Units , net		$ (941)
Redemption of limited partner OP Units, Units		(27)
Conversion of limited partner OP Units to OP Units of general partner		$ (20)
Conversion of limited partner OP Units to OP Units of general partner, Units		(2)
Balance at end of period	$ 1,862,285	$ 1,862,285
Balance at end of period, Units	91,515	91,515
DCT Industrial Operating Partnership LP [Member] | Accumulated Other Comprehensive Loss [Member]
Balance at beginning of period		$ (28,487)
Other comprehensive income		1,839
Balance at end of period	$ (26,648)	$ (26,648)

Organization

Organization	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	Note 1 – Organization DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States (“U.S.”). 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 the “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 of 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 June 30, 2015, DCT owned approximately 95.4% of the outstanding equity interests in the Operating Partnership. On November 17, 2014, we completed a one-for-four reverse stock split of our issued and outstanding common stock and a corresponding reverse split of the partnership interests of the Operating Partnership. The number of authorized shares and the par value of the common stock were not changed. All common stock/unit and per share/unit data for all periods presented in this Quarterly Report on Form 10-Q have been restated to give effect to the reverse stock split. In May 2015, we determined that we had been the victim of a criminal fraud involving the impersonation of our Chief Executive Officer resulting in our transfer of $6.1 million to third-party overseas accounts. As a result of efforts working with our bank and federal law enforcement authorities, we have recovered approximately $3.0 million of the amount transferred. In addition, we have incurred $0.3 million of other costs related to the investigation of this incident. We have filed a claim with our insurance carriers related to this incident. As of June 30, 2015, it is not known whether we will be determined to be entitled to receive insurance proceeds related to this claim. Accordingly, during the second quarter of 2015, we recorded an expense of $3.4 million in “General and administrative” expense related to this incident and the associated internal investigation, which expense may be reduced in the future by any insurance claim recoveries. As of June 30, 2015, the Company owned interests in approximately 72.6 million square feet of properties leased to approximately 900 customers, including: — 61.1 million square feet comprising 398 consolidated operating properties were 95.1% occupied; — 8.1 million square feet comprising 24 unconsolidated properties were 96.9% occupied and which we operated on behalf of four institutional capital management partners; — 0.8 million square feet comprising four consolidated properties under redevelopment; and — 2.6 million square feet comprising 11 consolidated buildings in development. In addition, the Company has five projects under construction and several projects in predevelopment. See Note 3 – Investment in Properties for further details.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Note 2 – 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 of 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, 2014 and related notes thereto included in our Form 10-K filed on February 20, 2015. 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 in consolidated entities. 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. 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 over which we do not have a controlling interest or where we do not exercise significant control over major operating and management decisions but where we exercise significant influence and 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, the size of our investment (including loans) and our ability to participate in major decisions. Our ability to correctly assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and, consequently, our financial position and results of operations. 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. Revenue Recognition 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, we record receivables from tenants that we expect to collect over the remaining lease term rather than currently, which are recorded as a straight-line rent receivable. When we acquire a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $1.8 million and $3.4 million for the three and six months ended June 30, 2015, respectively, and approximately $3.2 million and $5.3 million for the three and six months ended June 30, 2014, respectively. Tenant recovery income includes payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as “Rental revenues” during the same period the related expenses are incurred. Tenant recovery income recognized as “Rental revenues” was approximately $20.5 million and $42.2 million for the three and six months ended June 30, 2015, respectively, and approximately $18.6 million $38.6 million for the three and six months ended June 30, 2014, respectively. We maintain an allowance for estimated losses that may result from the inability of our tenants to make required payments. If a tenant 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 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. 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 $0.8 million and $1.5 million for the three and six months ended June 30, 2015, respectively, and approximately $0.5 million and $0.9 million for the three and six months ended June 30, 2014, respectively. 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. The total net impact to “Rental revenues” due to early lease termination fees was approximately $0.5 million and $1.2 million for the three and six months ended June 30, 2015, respectively, and approximately $0.7 million and $1.6 million for the three and six months ended June 30, 2014, respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other 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 fees are earned and are realized or realizable. We develop certain properties for specific buyers, called build-to-suit projects. We make certain judgments based on the specific terms of each project as to the amount and timing of recognition of profits from the project. Projects are generally accounted for using the percentage of completion method or full accrual method. Profits under the percentage of completion method are based on our estimates of the percentage of completion of individual contracts, commencing when the work performed under the contracts reaches a point where the final costs can be estimated with reasonable accuracy. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to the costs and income and are recognized in the period in which the revisions are determined. If the sale recognition criteria for using the percentage of completion or full accrual methods are not met, we apply another recognition method provided by GAAP, such as the installment or cost recovery methods. The profit recognized from these projects is reported net of estimated taxes, when applicable, and is included in “Development profit, net of taxes” in our Consolidated Statements of Operations. New Accounting Standards In May 2014, the FASB issued an accounting standards update (“ASU”) 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 guidance is effective for fiscal years beginning after December 15, 2017. Early adoption is not permitted. The Company is in the process of evaluating the impact this guidance will have on our Consolidated Financial Statements. In February 2015, the FASB issued an ASU that modifies the evaluation of whether limited partnerships and similar legal entities are VIEs, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the potential impact this guidance will have on our Consolidated Financial Statements. In April 2015, the FASB issued an ASU that requires debt issuance costs related to a recognized liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the ASU to have a material effect on the Company’s results of operations, however, it will impact alance Sheet presentation and disclosures related to the Company’s debt issuance costs

Investment In Properties

Investment In Properties	6 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Investment In Properties	Note 3 – Investment in Properties Our consolidated investment in properties consists of operating properties, properties under development, redevelopment properties, properties in pre-development and land held for future development or other purposes. The historical cost of our investment in properties was (in thousands): June 30, December 31, 2015 2014 Operating properties $ 3,680,693 $ 3,635,287 Properties under development 230,391 241,934 Properties under redevelopment 44,137 50,931 Properties in pre-development including land held 106,050 32,223 Total Investment in Properties 4,061,271 3,960,375 Less accumulated depreciation and amortization (724,788 ) (703,840 ) Net Investment in Properties $ 3,336,483 $ 3,256,535 Acquisition Activity During the six months ended June 30, 2015, we acquired 12 buildings totaling 2.0 million square feet. These properties located in the Atlanta, Denver, Houston, Northern California, and Phoenix markets were acquired for a total purchase price of approximately $117.0 million. In addition, we incurred acquisition costs of approximately $1.5 million during the six months ended June 30, 2015, included in “General and administrative” in our Consolidated Statements of Operations. Development Activity Our properties under development include the following: — Eleven buildings totaling 2.6 million square feet are currently in lease-up as shell-complete activities have been completed as of June 30, 2015, including two buildings totaling 0.2 million square feet that were shell-complete upon acquisition. These properties are 58.6% leased based on weighted average square feet; and — Five projects under construction totaling 2.4 million square feet. During the six months ended June 30, 2015, we acquired 168.2 acres of land in the Atlanta, Baltimore/Washington D.C., Chicago, Miami and Orlando markets for approximately $48.4 million that is held for future development. During the six months ended June 30, 2015, we recognized development profit, net of taxes, of approximately $2.6 million related to the sales of 8 th th th Disposition Activity During the six months ended June 30, 2015, we sold 13 consolidated operating properties totaling 3.7 million square feet from our Atlanta and Memphis markets to third-parties for gross proceeds of approximately $138.1 million. We recognized gains of approximately $41.1 million on the disposition of these 13 properties. 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 $3.7 million and $7.6 million for the three and six months ended June 30, 2015, respectively, and $3.8 million and $7.3 million for the three and six months ended June 30, 2014, respectively. Our intangible lease assets and liabilities include the following as of June 30, 2015 and December 31, 2014 (in thousands): June 30, 2015 December 31, 2014 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 84,393 $ (35,343 ) $ 49,050 $ 81,996 $ (33,031 ) $ 48,965 Above market rent $ 4,937 $ (2,107 ) $ 2,830 $ 4,519 $ (1,773 ) $ 2,746 Below market rent $ (31,459 ) $ 8,667 $ (22,792 ) $ (30,266 ) $ 7,326 $ (22,940 )

Investments In And Advances To

Investments In And Advances To Unconsolidated Joint Ventures	6 Months Ended
	Jun. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	Note 4 – 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 as of June 30, 2015 and December 31, 2014 (dollars in thousands): As of June 30, 2015 Investments in and Advances to as of Ownership Number of June 30, December 31, Unconsolidated Joint Ventures Percentage Buildings 2015 2014 Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 39,103 $ 39,744 TRT-DCT Venture III 10.0 % 4 1,191 1,196 Total Institutional Joint Ventures 17 40,294 40,940 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 6 $ 43,614 $ 45,342 IDI/DCT, LLC 50.0 % 1 4,730 4,363 IDI/DCT Buford, LLC (land only) 75.0 % - 4,077 4,083 Total Other 7 52,421 53,788 Total 24 $ 92,715 $ 94,728 (1) 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 believe we have no material exposure to financial guarantees.

Financial Instruments And Hedgi

Financial Instruments And Hedging Activities	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Financial Instruments And Hedging Activities	Note 5 – Financial Instruments and Hedging Activities Fair Value of Financial Instruments As of June 30, 2015 and December 31, 2014, 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 June 30, 2015 As of December 31, 2014 Carrying Estimated Carrying Estimated Amounts Fair Value Amounts Fair Value Borrowings (1) Senior unsecured revolving credit facility $ 149,000 $ 149,000 $ 37,000 $ 37,000 Fixed rate debt (2) $ 1,124,563 $ 1,211,084 $ 1,147,045 $ 1,238,671 Variable rate debt $ 225,000 $ 224,607 $ 225,000 $ 226,431 Interest rate contracts: Interest rate swap liability (3) $ (130 ) $ (130 ) $ (167 ) $ (167 ) (1) (2) (3) The following table displays a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2015 and 2014. The table also displays gains and losses due to changes in fair value, including both realized and unrealized, recognized in the Consolidated Statements of Operations for Level 3 assets and liabilities. When assets and liabilities are transferred between levels, we recognize the transfer at the beginning of the period. There were no transfers between levels during the three and six months ended June 30, 2015 and 2014. During the Six Months Ended June 30, 2015 2014 Level 3 Assets (Liabilities): Interest Rate Swaps: Beginning balance at January 1 $ (167 ) $ 212 Net unrealized loss included in accumulated other comprehensive income (37 ) (327 ) Realized loss recognized in interest expense 74 77 Ending balance at June 30 $ (130 ) $ (38 ) 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 the 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. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. 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 effective portion of the changes 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 earnings when the hedged transaction affects earnings or the hedging relationship is no longer effective at which time the ineffective portion of the derivative’s changes in fair value is recognized directly into earnings. 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 LIBOR rates. The pay-fixed, receive-floating swaps have an effective date of June 2013 and a maturity date of June 2023. These interest rates swaps effectively fix the interest rate on the related debt instruments at 4.72%. As of June 30, 2015 and December 31, 2014, we had borrowings payable subject to pay-fixed, receive-floating interest rate swaps with aggregate principal balances of approximately $6.9 million and $7.0 million, respectively. The following table presents the effect of our derivative financial instruments on our accompanying consolidated financial statements for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of gain (loss) recognized in OCI for effective portion of derivatives $ 58 $ (518 ) $ (455 ) $ (846 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,158 ) $ (1,172 ) $ (2,311 ) $ (2,328 ) 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 $4.2 million will be reclassified from “Accumulated other comprehensive loss” to “Interest expense” resulting in an increase in interest expense.

Outstanding Indebtedness

Outstanding Indebtedness	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Outstanding Indebtedness	Note 6 – Outstanding Indebtedness As of June 30, 2015, our outstanding indebtedness of approximately $1.5 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $42.2 million representing our proportionate share of debt associated with unconsolidated joint ventures. As of December 31, 2014, our outstanding indebtedness of approximately $1.4 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $42.5 million representing our proportionate share of debt associated with unconsolidated joint ventures. As of June 30, 2015, the gross book value of our consolidated properties was approximately $4.1 billion and the gross book value of all properties securing our mortgage debt was approximately $0.7 billion. As of December 31, 2014, the gross book value of our consolidated properties was approximately $4.0 billion and the gross book value of all properties securing our mortgage debt was approximately $0.6 billion. Our debt has various covenants with which we were in compliance as of June 30, 2015 and December 31, 2014. Line of Credit As of June 30, 2015, we had $149.0 million outstanding and $231.5 million available under our senior unsecured revolving credit facility, net of three letters of credit totaling $19.5 million. As of December 31, 2014, we had $37.0 million outstanding and $243.5 million available under our senior unsecured revolving credit facility, net of three letters of credit totaling $19.5 million. Debt Assumptions During the six months ended June 30, 2015, we assumed two mortgage notes with aggregate outstanding balances totaling $21.1 million in connection with property acquisitions. We recorded a $1.9 million premium in connection with the assumption of these notes. Debt Payoffs and Refinancing On April 8, 2015, we amended and restated our existing $225.0 million senior unsecured term loan and $300.0 million senior unsecured revolving credit facility with our syndicated bank group. The senior unsecured term loan was disaggregated into two tranches, $125.0 million and $100.0 million, with maturity dates of April 8, 2020 and April 8, 2017, respectively. The senior unsecured revolving credit facility’s commitment was increased to $400.0 million with a maturity date of April 8, 2019. During June 2015, we paid off our $40.0 million senior unsecured note maturing in June 2015, using proceeds from the Company’s senior unsecured revolving credit facility and dispositions. Guarantee of Debt DCT has guaranteed the Operating Partnership’s obligations with respect to the senior unsecured notes and the senior unsecured revolving credit facility.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Note 7 – 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, including related parties as discussed in Note 9 – Related Party Transactions. The following table illustrates the noncontrolling interests’ share of consolidated net income during the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Noncontrolling interests’ share of income from continuing operations $ (4,704 ) $ (202 ) $ (6,260 ) $ (353 ) Noncontrolling interests’ share of income from discontinued operations - (267 ) - (267 ) Net income attributable to noncontrolling interests $ (4,704 ) $ (469 ) $ (6,260 ) $ (620 ) 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 . All income attributable to noncontrolling interest holders for all periods presented in the Operating Partnership’s Consolidated Statements of Operations is income from continuing operations.

Stockholders' Equity of DCT and

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	6 Months Ended
	Jun. 30, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	Note 8 – Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership On November 17, 2014, we completed a one-for-four reverse stock split of our issued and outstanding common stock and a corresponding reverse split of the partnership interests of the Operating Partnership. The number of authorized shares and the par value of the common stock were not changed. All common stock/unit and per share/unit data for all periods presented in this Quarterly Report on Form 10-Q have been restated to give effect to the reverse stock split. DCT Common Stock As of June 30, 2015, approximately 88.2 million shares of common stock were issued and outstanding. During the six months ended June 30, 2015 and 2014, we issued approximately 0.1 million shares of common stock in each corresponding period related to vested shares of restricted stock, phantom shares and stock option exercises. 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 June 30, 2015 and December 31, 2014, DCT owned approximately 95.4% 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 Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”) stipulates that 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 six months ended June 30, 2015 and 2014, approximately 0.1 million and 0.3 million OP Units were redeemed for approximately $0.9 million and $0.8 million in cash and approximately 0.1 million and 0.2 million shares of DCT common stock, respectively. As of June 30, 2015 and December 31, 2014, there were approximately 4.2 million and 4.2 million outstanding OP Units held by entities other than DCT and redeemable, with an aggregate redemption value of approximately $133.2 million and $149.8 million based on the $31.44 and $35.66 per share closing price of DCT’s common stock on June 30, 2015 and December 31, 2014, respectively. 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 fully vest. Such expense is included in “General and administrative” expense in our Consolidated Statements of Operations. Options issued under the Long-Term Incentive Plan are valued using the Black-Scholes option pricing model, which relies on assumptions we make related to the expected term of the options, volatility, dividend yield and risk-free interest rate. During the six months ended June 30, 2015, we did not grant any stock options. Restricted Stock Holders of restricted stock have voting rights and rights to receive dividends. 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 and amortized to compensation expense on a straight-line basis over the service period during which term the stock fully vests. Restricted stock generally vests ratably over a period of four or five years, depending on the grant. During the six months ended June 30, 2015, we granted approximately 28,000 shares of restricted stock to certain officers and employees at the weighted average fair market value of $37.68 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. Vested LTIP Units may be redeemed by the Company in cash or DCT common stock, at the discretion of the Company, on a one-for-one basis with common shares, subject to certain restrictions of the Partnership Agreement. LTIP Units receive distributions equally along with common shares. LTIP Units are valued by reference to the value of DCT’s common stock and generally vest ratably over a period of four to five years, depending on the grant. LTIP Unit equity compensation is amortized into expense over the service period during which the units vest. During the six months ended June 30, 2015, approximately 0.2 million LTIP Units were granted to certain senior executives, which vest over a four year period with a total fair value of approximately $7.3 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 26% and a weighted average risk-free interest rate of 1.28%. During the six months ended June 30, 2015, approximately 5,000 vested LTIP Units were converted into approximately 5,000 common shares. As of June 30, 2015, approximately 1.1 million LTIP Units were outstanding of which approximately 0.6 million were vested. During the six months ended June 30, 2014, approximately 0.2 million LTIP Units were granted to certain senior executives, which vest over a four year period with a total fair value of approximately $4.6 million at the date of grant as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using a volatility factor of 40% and risk-free interest rate of 1.46%. During the six months ended June 30, 2014, approximately 8,000 vested LTIP Units were converted into approximately 8,000 common shares. As of December 31, 2014, approximately 0.9 million LTIP Units were outstanding of which approximately 0.4 million were vested.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 – Related Party Transactions 8 th In 2010, we entered into the 8 th th As of June 30, 2015, we completed the construction and sale of the five buildings and 0.8 acres of land in the joint venture to third-parties resulting in the disposition of all of the joint venture’s assets. The joint venture is in the process of winding up activities and liquidating the partnership. We received a preferred return on our capital contributions of approximately $3.0 million and Iowa Investments, LLC was allocated approximately $3.7 million of non-controlling interest. Southern California Consolidated Ventures We entered into four agreements, two in December 2010 and two in January 2011, whereby we acquired a weighted average ownership interest, based on square feet, of approximately 48.4% in five bulk industrial buildings located in the Southern California market. Entities controlled by one of our executives have a weighted average ownership in these properties of approximately 43.7%, based on square feet, and the remaining 7.9% is held by a third-party. Each venture partner will earn returns in accordance with their ownership interests. We have controlling rights including management of the operations of the properties and we have consolidated the properties in accordance with GAAP. The total acquisition price of $46.3 million was determined to be at fair value.

Earnings Per Share_Unit

Earnings Per Share/Unit	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share/Unit	Note 10 – Earnings per Share/Unit We use the two-class method of computing earnings per common share/unit which is an earnings allocation formula that determines 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, 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 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 sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2015 and 2014 (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Earnings per Common Share – Basic and Diluted Numerator Income from continuing operations $ 23,001 $ 2,055 $ 53,302 $ 2,514 Income from continuing operations attributable to noncontrolling interests (4,704 ) (202 ) (6,260 ) (353 ) Income from continuing operations attributable to common stockholders 18,297 1,853 47,042 2,161 Less: Distributed and undistributed earnings allocated to participating securities (201 ) (170 ) (344 ) (336 ) Numerator for adjusted income from continuing operations attributable to common stockholders 18,096 1,683 46,698 1,825 Income from discontinued operations - 5,215 - 5,224 Noncontrolling interests' share of income from discontinued operations - (267 ) - (267 ) Numerator for income from discontinued operations attributable to common stockholders - 4,948 - 4,957 Adjusted net income attributable to common stockholders $ 18,096 $ 6,631 $ 46,698 $ 6,782 Denominator Weighted average common shares outstanding – basic 88,187 82,280 88,139 81,636 Effect of dilutive securities: Stock options and phantom stock 299 283 314 273 Weighted average common shares outstanding – diluted 88,486 82,563 88,453 81,909 Earnings per Common Share – Basic Income from continuing operations $ 0.21 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to common stockholders $ 0.21 $ 0.08 $ 0.53 $ 0.08 Earnings per Common Share – Diluted Income from continuing operations $ 0.20 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to common stockholders $ 0.20 $ 0.08 $ 0.53 $ 0.08 Operating Partnership The following table sets forth the computation of basic and diluted earnings per common unit for the three and six months ended June 30, 2015 and 2014 (in thousands, except per unit amounts): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Earnings per OP Unit – Basic and Diluted Numerator Income from continuing operations $ 23,001 $ 2,055 $ 53,302 $ 2,514 Income from continuing operations attributable to noncontrolling interests (3,824 ) (103 ) (3,977 ) (236 ) Income from continuing operations attributable to OP Unitholders 19,177 1,952 49,325 2,278 Less: Distributed and undistributed earnings allocated to participating securities (201 ) (170 ) (344 ) (336 ) Numerator for adjusted income from continuing operations attributable to OP Unitholders 18,976 1,782 48,981 1,942 Income from discontinued operations - 5,215 - 5,224 Noncontrolling interests' share of income from discontinued operations - - - - Numerator for income from discontinued operations attributable to OP Unitholders - 5,215 - 5,224 Adjusted net income attributable to OP Unitholders $ 18,976 $ 6,997 $ 48,981 $ 7,166 Denominator Weighted average OP Units outstanding – basic 92,443 86,620 92,417 86,033 Effect of dilutive securities: Stock options and phantom stock 299 283 314 273 Weighted average OP Units outstanding – diluted 92,742 86,903 92,731 86,306 Earnings per OP Unit – Basic Income from continuing operations $ 0.21 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to OP Unitholders $ 0.21 $ 0.08 $ 0.53 $ 0.08 Earnings per OP Units – Diluted Income from continuing operations $ 0.20 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to OP Unitholders $ 0.20 $ 0.08 $ 0.53 $ 0.08 DCT and the Operating Partnership Potentially Dilutive Shares For the three and six months ended June 30, 2015, DCT excluded from diluted earnings per share the weighted average common share equivalents related to 4.3 million OP Units because their effect would be anti-dilutive. During the same periods ended June 30, 2014, DCT excluded from diluted earnings per share the weighted average common share equivalents related to 4.3 million and 4.4 million OP Units, respectively, because their effect would be anti-dilutive.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Note 11 – 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 aggregated by segment to be the appropriate way to analyze performance. Certain reclassifications have been made to prior year results to conform to the current presentation related to discontinued operations (see “Note 12 – Discontinued Operations and Assets Held” for Sale for additional information). The following table reflects our total assets, net of accumulated depreciation and amortization, by segment, as of June 30, 2015 and December 31, 2014 (in thousands): June 30, December 31, 2015 2014 Segments: East assets $ 986,185 $ 1,010,263 Central assets 1,097,080 1,067,616 West assets 1,320,675 1,245,990 Total segment net assets 3,403,940 3,323,869 Non-segment assets: Non-segment cash and cash equivalents 15,762 16,653 Other non-segment assets (1) 113,359 111,012 Total assets $ 3,533,061 $ 3,451,534 (1) The following table sets forth the rental revenues of our segments in continuing operations for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 East $ 25,845 $ 27,822 $ 53,297 $ 56,793 Central 33,233 33,136 65,916 64,749 West 29,037 22,344 56,964 44,379 Rental revenues 88,115 83,302 176,177 165,921 Institutional capital management and other fees 423 308 801 1,072 Total revenues $ 88,538 $ 83,610 $ 176,978 $ 166,993 The following table sets forth property net operating income of our segments in continuing operations and a reconciliation of our property NOI to our reported “Income from continuing operations” for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 East $ 19,900 $ 20,691 $ 39,570 $ 40,831 Central 24,045 22,576 46,321 42,795 West 22,241 16,891 43,704 33,552 Property NOI (1) 66,186 60,158 129,595 117,178 Institutional capital management and other fees 423 308 801 1,072 Gain on business combination - - - 1,000 Gain on dispositions of real estate interests 14,932 372 41,086 1,417 Real estate related depreciation and amortization (38,449 ) (37,270 ) (77,445 ) (73,703 ) Casualty and involuntary conversion gain - 340 - 340 Development profit, net of taxes 2,627 1,288 2,627 2,016 General and administrative expense (9,856 ) (7,498 ) (17,192 ) (14,332 ) Impairment losses - (376 ) - (4,735 ) Equity in earnings of unconsolidated joint ventures, net 1,036 697 1,843 4,310 Interest expense (13,609 ) (16,182 ) (27,513 ) (32,238 ) Interest and other income (expense) (11 ) (23 ) (29 ) 5 Income tax benefit (expense) and other taxes (278 ) 241 (471 ) 184 Income from continuing operations $ 23,001 $ 2,055 $ 53,302 $ 2,514 (1)

Discontinued Operations And Ass

Discontinued Operations And Assets Held For Sale	6 Months Ended
	Jun. 30, 2015
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations and Assets Held for Sale	Note 12 – Discontinued Operations and Assets Held for Sale Assets Held for Sale As of June 30, 2015, there were no properties held for sale. Discontinued Operations We report results of operations from real estate assets that meet the definition of a component of an entity, have been sold or meet the criteria to be classified as held for sale, for which the disposal or expected disposal represents a strategic shift in operations, as discontinued operations. Real estate assets that meet the definition of a component of an entity and were disposed of or held for sale prior to January 1, 2014 are reported as discontinued operations. See “Note 2 – Summary of Significant Accounting Policies” for additional information regarding discontinued operations. The following table summarizes the components of income from discontinued operations for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Rental revenues $ - $ 88 $ - $ 392 Rental expenses and real estate taxes - 18 - (67 ) General and administrative expense - (10 ) - (37 ) Operating income - 96 - 288 Interest and other income (expense) - 2 - (17 ) Income tax expense and other taxes - - - (32 ) Operating income and other income - 98 - 239 Impairment losses - - - (132 ) Gain on dispositions of real estate interests - 5,117 - 5,117 Income from discontinued operations $ - $ 5,215 $ - $ 5,224

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	Note 13 – Condensed Consolidating Financial Information During October 2013, the Operating Partnership issued $275.0 million aggregate principal amount of 4.50% senior notes at 99.038% of face value in a private placement. The senior notes are jointly and severally, fully and unconditionally guaranteed by DCT and certain of the Company’s wholly owned subsidiaries. During May 2014, we completed the exchange of these notes for SEC registered notes having substantially identical terms. The following tables present the condensed consolidated financial information for (a) DCT Industrial Trust, Inc. (“Parent” and a guarantor), (b) DCT Industrial Operating Partnership LP (“Subsidiary Issuer”), (c) on a combined basis, the guarantor subsidiaries (“Subsidiary Guarantors”), and (d) on a combined basis, the non-guarantor subsidiaries (“Non-Guarantor Subsidiaries”). Additional columns present consolidating adjustments and consolidated totals as of June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015 and 2014. Certain of our subsidiaries may be released from their guarantees, primarily due to the disposition of properties. These changes in guarantors are reflected retrospectively for all periods presented. Separate financial statements of the Subsidiary Guarantors are not presented because the guarantee by each 100% owned Subsidiary Guarantor is full and unconditional, joint and several. Furthermore, there are no significant legal restrictions on the Parent’s ability to obtain funds from its subsidiaries by dividend or loan. Investments in consolidated subsidiaries are accounted for using the equity method for purposes of the combined presentation. The consolidating adjustments principally relate to the elimination of investments in consolidated subsidiaries and intercompany balances and transactions. Condensed Consolidated Balance Sheets June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 854,241 $ 152,367 $ - $ 1,006,608 Buildings and improvements - - 2,436,065 443,473 - 2,879,538 Intangible lease assets - - 64,884 24,446 - 89,330 Construction in progress - - 80,540 5,255 - 85,795 Total investment in properties - - 3,435,730 625,541 - 4,061,271 Less accumulated depreciation and amortization - - (613,083 ) (111,705 ) - (724,788 ) Net investment in properties - - 2,822,647 513,836 - 3,336,483 Investments in and advances to unconsolidated joint ventures - 92,117 598 - - 92,715 Net investment in real estate - 92,117 2,823,245 513,836 - 3,429,198 Cash and cash equivalents - 17,379 - 5,535 - 22,914 Restricted cash - 2,504 162 2,758 - 5,424 Deferred loan costs, net - 9,237 51 358 - 9,646 Straight-line rent and other receivables, net - 187 45,503 9,062 - 54,752 Other assets, net - 2,441 4,640 4,046 - 11,127 Intercompany receivables, net 24,751 104,473 8,543 - (137,767 ) - Investment in subsidiaries 1,752,003 2,893,614 26,011 - (4,671,628 ) - Total assets $ 1,776,754 $ 3,121,952 $ 2,908,155 $ 535,595 $ (4,809,395 ) $ 3,533,061 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 9,583 $ 47,004 $ 10,957 $ - $ 67,544 Intercompany payables, net - 24,751 26,084 86,932 (137,767 ) - Distributions payable 24,751 1,287 - - - 26,038 Tenant prepaids and security deposits - - 26,780 3,804 - 30,584 Other liabilities - 151 15,659 1,591 - 17,401 Intangible lease liabilities, net - - 18,722 4,070 - 22,792 Line of credit - 149,000 - - - 149,000 Senior unsecured notes - 1,082,732 - - - 1,082,732 Mortgage notes - - 22,691 244,140 - 266,831 Total liabilities 24,751 1,267,504 156,940 351,494 (137,767 ) 1,662,922 Equity: Stockholders' equity 1,752,003 1,854,448 2,751,215 184,101 (4,789,764 ) 1,752,003 Noncontrolling interests - - - - 118,136 118,136 Total equity 1,752,003 1,854,448 2,751,215 184,101 (4,671,628 ) 1,870,139 Total liabilities and equity $ 1,776,754 $ 3,121,952 $ 2,908,155 $ 535,595 $ (4,809,395 ) $ 3,533,061 Condensed Consolidated Statements of Operations and Comprehensive Income For the Three Months Ended June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 73,006 $ 15,109 $ - $ 88,115 Institutional capital management and other fees - 23 - 492 (92 ) 423 Total revenues - 23 73,006 15,601 (92 ) 88,538 OPERATING EXPENSES: Rental expenses - - 7,219 1,189 - 8,408 Real estate taxes - - 10,822 2,699 - 13,521 Real estate related depreciation and amortization - - 31,897 6,552 - 38,449 General and administrative - 9,811 88 (43 ) - 9,856 Total operating expenses - 9,811 50,026 10,397 - 70,234 Operating income (loss) - (9,788 ) 22,980 5,204 (92 ) 18,304 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 2,627 - 2,627 Equity in earnings (loss) of unconsolidated joint ventures, net - 951 (7 ) - 92 1,036 Gain on dispositions of real estate interests - 9 - 14,923 - 14,932 Interest expense - (10,489 ) (721 ) (2,799 ) 400 (13,609 ) Interest and other income (expense) - 406 (17 ) - (400 ) (11 ) Income tax expense and other taxes - (137 ) (126 ) (15 ) - (278 ) Income (loss) from continuing operations - (19,048 ) 22,109 19,940 - 23,001 Equity in earnings of consolidated subsidiaries 18,297 38,225 2,643 - (59,165 ) - Consolidated net income 18,297 19,177 24,752 19,940 (59,165 ) 23,001 Net income attributable to noncontrolling interests - - - - (4,704 ) (4,704 ) Net income attributable to common stockholders 18,297 19,177 24,752 19,940 (63,869 ) 18,297 Distributed and undistributed earnings allocated to participating securities - (201 ) - - - (201 ) Adjusted net income attributable to common stockholders $ 18,297 $ 18,976 $ 24,752 $ 19,940 $ (63,869 ) $ 18,096 Net income $ 18,297 $ 19,177 $ 24,752 $ 19,940 $ (59,165 ) $ 23,001 Other comprehensive income: Net derivative gain (loss) on cash flow hedging instruments - (54 ) - 112 - 58 Net reclassification adjustment on cash flow hedging instruments - 1,121 - 37 - 1,158 Other comprehensive income - 1,067 - 149 - 1,216 Comprehensive income 18,297 20,244 24,752 20,089 (59,165 ) 24,217 Comprehensive income attributable to noncontrolling interests - - - - (4,843 ) (4,843 ) Comprehensive income attributable to common stockholders $ 18,297 $ 20,244 $ 24,752 $ 20,089 $ (64,008 ) $ 19,374 Condensed Consolidated Statements of Operations and Comprehensive Income For the Six Months Ended June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 144,966 $ 31,211 $ - $ 176,177 Institutional capital management and other fees - 48 - 926 (173 ) 801 Total revenues - 48 144,966 32,137 (173 ) 176,978 OPERATING EXPENSES: Rental expenses - - 15,917 2,639 - 18,556 Real estate taxes - - 22,382 5,644 - 28,026 Real estate related depreciation and amortization - - 63,916 13,529 - 77,445 General and administrative - 16,284 169 739 - 17,192 Total operating expenses - 16,284 102,384 22,551 - 141,219 Operating income (loss) - (16,236 ) 42,582 9,586 (173 ) 35,759 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 2,627 - 2,627 Equity in earnings (loss) of unconsolidated joint ventures, net - 1,677 (7 ) - 173 1,843 Gain on dispositions of real estate interests - (11 ) - 41,097 - 41,086 Interest expense - (21,402 ) (1,368 ) (5,543 ) 800 (27,513 ) Interest and other income (expense) - 809 (33 ) (5 ) (800 ) (29 ) Income tax expense and other taxes - (279 ) (170 ) (22 ) - (471 ) Income (loss) from continuing operations - (35,442 ) 41,004 47,740 - 53,302 Equity in earnings of consolidated subsidiaries 47,042 84,767 2,657 - (134,466 ) - Consolidated net income 47,042 49,325 43,661 47,740 (134,466 ) 53,302 Net income attributable to noncontrolling interests - - - - (6,260 ) (6,260 ) Net income attributable to common stockholders 47,042 49,325 43,661 47,740 (140,726 ) 47,042 Distributed and undistributed earnings allocated to participating securities - (344 ) - - - (344 ) Adjusted net income attributable to common stockholders $ 47,042 $ 48,981 $ 43,661 $ 47,740 $ (140,726 ) $ 46,698 Net income $ 47,042 $ 49,325 $ 43,661 $ 47,740 $ (134,466 ) $ 53,302 Other comprehensive income: Net derivative loss on cash flow hedging instruments - (418 ) - (37 ) - (455 ) Net reclassification adjustment on cash flow hedging instruments - 2,237 - 74 - 2,311 Other comprehensive income - 1,819 - 37 - 1,856 Comprehensive income 47,042 51,144 43,661 47,777 (134,466 ) 55,158 Comprehensive income attributable to noncontrolling interests - - - - (6,354 ) (6,354 ) Comprehensive income attributable to common stockholders $ 47,042 $ 51,144 $ 43,661 $ 47,777 $ (140,820 ) $ 48,804 Condensed Consolidated Statements of Cash Flows For the Six Months Ended June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (26,752 ) $ 109,938 $ 16,836 $ 112 $ 100,134 INVESTING ACTIVITIES: Real estate acquisitions - - (113,880 ) (29,585 ) - (143,465 ) Capital expenditures and development activities - - (93,995 ) (3,644 ) - (97,639 ) Proceeds (loss) from dispositions of real estate investments - (11 ) - 136,199 - 136,188 Investments in unconsolidated joint ventures - (840 ) - - - (840 ) Distributions of investments in unconsolidated joint ventures - 1,014 - - - 1,014 Other investing activities - (3,357 ) 4 (88 ) - (3,441 ) Net cash provided by (used in) investing activities - (3,194 ) (207,871 ) 102,882 - (108,183 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 166,000 - - - 166,000 Repayments of senior unsecured revolving line of credit - (54,000 ) - - - (54,000 ) Repayments of senior unsecured notes - (40,000 ) - - - (40,000 ) Principal payments on mortgage notes - - (260 ) (3,852 ) - (4,112 ) Net settlement on issuance of stock-based compensation awards (425 ) (425 ) - - 425 (425 ) Net payments relating to intercompany financing 49,812 11,801 98,193 (109,994 ) (49,812 ) - Redemption of noncontrolling interests - (941 ) - - - (941 ) Dividends to common stockholders (49,387 ) (49,387 ) - - 49,387 (49,387 ) Distributions to noncontrolling interests - (2,648 ) - (337 ) - (2,985 ) Other financing activity - (2,818 ) - - - (2,818 ) Net cash provided by (used in) financing activities - 27,582 97,933 (114,183 ) - 11,332 Net change in cash and cash equivalents - (2,364 ) - 5,535 112 3,283 Cash and cash equivalents, beginning of period - 19,743 - - (112 ) 19,631 Cash and cash equivalents, end of period $ - $ 17,379 $ - $ 5,535 $ - $ 22,914 Condensed Consolidated Balance Sheets December 31, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 784,723 $ 166,240 $ - $ 950,963 Buildings and improvements - - 2,273,733 514,226 - 2,787,959 Intangible lease assets - - 62,828 23,687 - 86,515 Construction in progress - - 121,997 12,941 - 134,938 Total investment in properties - - 3,243,281 717,094 - 3,960,375 Less accumulated depreciation and amortization - - (558,797 ) (145,043 ) - (703,840 ) Net investment in properties - - 2,684,484 572,051 - 3,256,535 Investments in and advances to unconsolidated joint ventures - 94,122 606 - - 94,728 Net investment in real estate - 94,122 2,685,090 572,051 - 3,351,263 Cash and cash equivalents - 19,743 - - (112 ) 19,631 Restricted cash - 3 162 3,614 - 3,779 Deferred loan costs, net - 7,580 54 392 - 8,026 Straight-line rent and other receivables, net - 101 43,733 10,349 - 54,183 Other assets, net - 3,525 6,965 4,162 - 14,652 Intercompany receivables, net 24,706 153,557 8,742 - (187,005 ) - Investment in subsidiaries 1,749,832 2,770,752 21,892 - (4,542,476 ) - Total assets $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 10,257 $ 54,764 $ 18,634 $ (112 ) $ 83,543 Intercompany payables, net - 24,706 26,059 136,240 (187,005 ) - Distributions payable 24,706 1,267 - - - 25,973 Tenant prepaids and security deposits - - 25,393 5,146 - 30,539 Other liabilities - 150 10,947 2,981 - 14,078 Intangible lease liabilities, net - - 19,167 3,773 - 22,940 Line of credit - 37,000 - - - 37,000 Senior unsecured notes - 1,122,621 - - - 1,122,621 Mortgage notes - - 19,742 229,682 - 249,424 Total liabilities 24,706 1,196,001 156,072 396,456 (187,117 ) 1,586,118 Equity: Stockholders' equity 1,749,832 1,853,382 2,610,566 194,112 (4,658,060 ) 1,749,832 Noncontrolling interests - - - - 115,584 115,584 Total equity 1,749,832 1,853,382 2,610,566 194,112 (4,542,476 ) 1,865,416 Total liabilities and equity $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Three Months Ended June 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 62,740 $ 20,562 $ - $ 83,302 Institutional capital management and other fees - 75 - 350 (117 ) 308 Total revenues - 75 62,740 20,912 (117 ) 83,610 OPERATING EXPENSES: Rental expenses - - 7,272 2,161 - 9,433 Real estate taxes - - 9,944 3,767 - 13,711 Real estate related depreciation and amortization - - 28,616 8,654 - 37,270 General and administrative - 7,401 87 10 - 7,498 Impairment losses - - - 376 - 376 Casualty and involuntary conversion gain - - (340 ) - - (340 ) Total operating expenses - 7,401 45,579 14,968 - 67,948 Operating income (loss) - (7,326 ) 17,161 5,944 (117 ) 15,662 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 1,238 50 1,288 Equity in earnings (loss) of unconsolidated joint ventures, net - 632 (2 ) - 67 697 Gain on dispositions of real estate interests - 228 - 144 - 372 Interest expense - (12,606 ) (1,287 ) (3,057 ) 768 (16,182 ) Interest and other income (expense) - 773 (14 ) (14 ) (768 ) (23 ) Income tax benefit (expense) and other taxes - (68 ) 381 (72 ) - 241 Income (loss) from continuing operations - (18,367 ) 16,239 4,183 - 2,055 Income from discontinued operations - - - 5,215 - 5,215 Equity in earnings of consolidated subsidiaries 6,801 25,534 1,281 - (33,616 ) - Consolidated net income 6,801 7,167 17,520 9,398 (33,616 ) 7,270 Net income attributable to noncontrolling interests - - - - (469 ) (469 ) Net income attributable to common stockholders 6,801 7,167 17,520 9,398 (34,085 ) 6,801 Distributed and undistributed earnings allocated to participating securities - (170 ) - - - (170 ) Adjusted net income attributable to common stockholders $ 6,801 $ 6,997 $ 17,520 $ 9,398 $ (34,085 ) $ 6,631 Net income $ 6,801 $ 7,167 $ 17,520 $ 9,398 $ (33,616 ) $ 7,270 Other comprehensive income (loss): Net derivative loss on cash flow hedging instruments - (367 ) - (151 ) - (518 ) Net reclassification adjustment on cash flow hedging instruments - 1,133 - 39 - 1,172 Other comprehensive income (loss) - 766 - (112 ) - 654 Comprehensive income 6,801 7,933 17,520 9,286 (33,616 ) 7,924 Comprehensive income attributable to noncontrolling interests - - - - (513 ) (513 ) Comprehensive income attributable to common stockholders $ 6,801 $ 7,933 $ 17,520 $ 9,286 $ (34,129 ) $ 7,411 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Six Months Ended June 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 125,308 $ 40,613 $ - $ 165,921 Institutional capital management and other fees - 454 - 818 (200 ) 1,072 Total revenues - 454 125,308 41,431 (200 ) 166,993 OPERATING EXPENSES: Rental expenses - - 16,852 4,983 - 21,835 Real estate taxes - - 19,479 7,429 - 26,908 Real estate related depreciation and amortization - - 55,956 17,747 - 73,703 General and administrative - 13,782 180 370 - 14,332 Impairment losses - - - 4,735 - 4,735 Casualty and involuntary conversion gain - - (340 ) - - (340 ) Total operating expenses - 13,782 92,127 35,264 - 141,173 Operating income (loss) - (13,328 ) 33,181 6,167 (200 ) 25,820 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 1,966 50 2,016 Equity in earnings (loss) of unconsolidated joint ventures, net - 4,190 (30 ) - 150 4,310 Gain on business combination - 1,000 - - - 1,000 Gain on dispositions of real estate interests - 1,175 - 242 - 1,417 Interest expense - (25,133 ) (2,308 ) (6,083 ) 1,286 (32,238 ) Interest and other income (expense) - 1,324 (36 ) 41 (1,324 ) 5 Income tax benefit (expense) and other taxes - (136 ) 464 (144 ) - 184 Income (loss) from continuing operations - (30,908 ) 31,271 2,189 (38 ) 2,514 Income from discontinued operations - - - 5,186 38 5,224 Equity in earnings of consolidated subsidiaries 7,118 38,410 1,979 - (47,507 ) - Consolidated net income 7,118 7,502 33,250 7,375 (47,507 ) 7,738 Net income attributable to noncontrolling interests - - - - (620 ) (620 ) Net income attributable to common stockholders 7,118 7,502 33,250 7,375 (48,127 ) 7,118 Distributed and undistributed earnings allocated to participating securities - (336 ) - - - (336 ) Adjusted net income attributable to common stockholders $ 7,118 $ 7,166 $ 33,250 $ 7,375 $ (48,127 ) $ 6,782 Net income $ 7,118 $ 7,502 $ 33,250 $ 7,375 $ (47,507 ) $ 7,738 Other comprehensive income (loss) Net derivative loss on cash flow hedging instruments - (519 ) - (327 ) - (846 ) Net reclassification adjustment on cash flow hedging instruments - 2,251 - 77 - 2,328 Other comprehensive income (loss) - 1,732 - (250 ) - 1,482 Comprehensive income 7,118 9,234 33,250 7,125 (47,507 ) 9,220 Comprehensive income attributable to noncontrolling interests - - - - (778 ) (778 ) Comprehensive income attributable to common stockholders $ 7,118 $ 9,234 $ 33,250 $ 7,125 $ (48,285 ) $ 8,442 Condensed Consolidated Statements of Cash Flows For the Six Months Ended June 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (28,558 ) $ 81,107 $ 27,947 $ - $ 80,496 INVESTING ACTIVITIES: Real estate acquisitions - - (105,874 ) (10,200 ) - (116,074 ) Capital expenditures and development activities - - (74,687 ) (9,433 ) - (84,120 ) Proceeds from dispositions of real estate investments - 1,988 - 29,944 - 31,932 Investments in unconsolidated joint ventures - (940 ) - - - (940 ) Proceeds from casualties and involuntary conversion - - 349 142 - 491 Distributions of investments in unconsolidated joint ventures - 16,757 - - - 16,757 Other investing activities - (2,555 ) 4 (241 ) - (2,792 ) Net cash provided by (used in) investing activities - 15,250 (180,208 ) 10,212 - (154,746 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 76,000 - - - 76,000 Repayments of senior unsecured revolving line of credit - (42,000 ) - - - (42,000 ) Principal payments on mortgage notes - - (4,196 ) (3,837 ) - (8,033 ) Proceeds from issuance of common stock 86,928 86,928 - - (86,928 ) 86,928 Net settlement on issuance of stock-based compensation awards (274 ) (274 ) - - 274 (274 ) Offering costs for issuance of common stock and OP Units (1,110 ) (1,110 ) - - 1,110 (1,110 ) Net payments relating to intercompany financing (40,177 ) (74,953 ) 112,877 (37,924 ) 40,177 - Redemption of noncontrolling interests - (796 ) - - - (796 ) Dividends to common stockholders (45,367 ) (45,367 ) - - 45,367 (45,367 ) Distributions to noncontrolling interests - (2,718 ) - (359 ) - (3,077 ) Contributions from noncontrolling interests - - - 101 - 101 Other financing activity - 39 (52 ) - - (13 ) Net cash provided by (used in) financing activities - (4,251 ) 108,629 (42,019 ) - 62,359 Net change in cash and cash equivalents - (17,559 ) 9,528 (3,860 ) - (11,891 ) Cash and cash equivalents, beginning of period - 28,098 - 4,128 - 32,226 Cash and cash equivalents, end of period $ - $ 10,539 $ 9,528 $ 268 $ - $ 20,335

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 14 – 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”). No significant recognized subsequent events were noted. No significant recognized or nonrecognized subsequent events were noted other than those mentioned in Note 4 – Investments in and Advances to Unconsolidated Joint Ventures.

Summary Of Significant Accoun23

Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
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 of 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, 2014 and related notes thereto included in our Form 10-K filed on February 20, 2015.
Basis Of Presentation	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 in consolidated entities. 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. 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 over which we do not have a controlling interest or where we do not exercise significant control over major operating and management decisions but where we exercise significant influence and 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, the size of our investment (including loans) and our ability to participate in major decisions. Our ability to correctly assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and, consequently, our financial position and results of operations.
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.
Revenue Recognition	Revenue Recognition 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, we record receivables from tenants that we expect to collect over the remaining lease term rather than currently, which are recorded as a straight-line rent receivable. When we acquire a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $1.8 million and $3.4 million for the three and six months ended June 30, 2015, respectively, and approximately $3.2 million and $5.3 million for the three and six months ended June 30, 2014, respectively. Tenant recovery income includes payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as “Rental revenues” during the same period the related expenses are incurred. Tenant recovery income recognized as “Rental revenues” was approximately $20.5 million and $42.2 million for the three and six months ended June 30, 2015, respectively, and approximately $18.6 million $38.6 million for the three and six months ended June 30, 2014, respectively. We maintain an allowance for estimated losses that may result from the inability of our tenants to make required payments. If a tenant 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 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. 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 $0.8 million and $1.5 million for the three and six months ended June 30, 2015, respectively, and approximately $0.5 million and $0.9 million for the three and six months ended June 30, 2014, respectively. 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. The total net impact to “Rental revenues” due to early lease termination fees was approximately $0.5 million and $1.2 million for the three and six months ended June 30, 2015, respectively, and approximately $0.7 million and $1.6 million for the three and six months ended June 30, 2014, respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other 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 fees are earned and are realized or realizable. We develop certain properties for specific buyers, called build-to-suit projects. We make certain judgments based on the specific terms of each project as to the amount and timing of recognition of profits from the project. Projects are generally accounted for using the percentage of completion method or full accrual method. Profits under the percentage of completion method are based on our estimates of the percentage of completion of individual contracts, commencing when the work performed under the contracts reaches a point where the final costs can be estimated with reasonable accuracy. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to the costs and income and are recognized in the period in which the revisions are determined. If the sale recognition criteria for using the percentage of completion or full accrual methods are not met, we apply another recognition method provided by GAAP, such as the installment or cost recovery methods. The profit recognized from these projects is reported net of estimated taxes, when applicable, and is included in “Development profit, net of taxes” in our Consolidated Statements of Operations.
New Accounting Standards	New Accounting Standards In May 2014, the FASB issued an accounting standards update (“ASU”) 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 guidance is effective for fiscal years beginning after December 15, 2017. Early adoption is not permitted. The Company is in the process of evaluating the impact this guidance will have on our Consolidated Financial Statements. In February 2015, the FASB issued an ASU that modifies the evaluation of whether limited partnerships and similar legal entities are VIEs, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the potential impact this guidance will have on our Consolidated Financial Statements. In April 2015, the FASB issued an ASU that requires debt issuance costs related to a recognized liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the ASU to have a material effect on the Company’s results of operations, however, it will impact alance Sheet presentation and disclosures related to the Company’s debt issuance costs

Investment In Properties (Table

Investment In Properties (Tables)	6 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Schedule Of Investment In Properties	June 30, December 31, 2015 2014 Operating properties $ 3,680,693 $ 3,635,287 Properties under development 230,391 241,934 Properties under redevelopment 44,137 50,931 Properties in pre-development including land held 106,050 32,223 Total Investment in Properties 4,061,271 3,960,375 Less accumulated depreciation and amortization (724,788 ) (703,840 ) Net Investment in Properties $ 3,336,483 $ 3,256,535
Schedule Of Intangible Lease Assets	Our intangible lease assets and liabilities include the following as of June 30, 2015 and December 31, 2014 (in thousands): June 30, 2015 December 31, 2014 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 84,393 $ (35,343 ) $ 49,050 $ 81,996 $ (33,031 ) $ 48,965 Above market rent $ 4,937 $ (2,107 ) $ 2,830 $ 4,519 $ (1,773 ) $ 2,746 Below market rent $ (31,459 ) $ 8,667 $ (22,792 ) $ (30,266 ) $ 7,326 $ (22,940 )

Investments In And Advances T25

Investments In And Advances To Unconsolidated Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	The following table summarizes our unconsolidated joint ventures as of June 30, 2015 and December 31, 2014 (dollars in thousands): As of June 30, 2015 Investments in and Advances to as of Ownership Number of June 30, December 31, Unconsolidated Joint Ventures Percentage Buildings 2015 2014 Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 39,103 $ 39,744 TRT-DCT Venture III 10.0 % 4 1,191 1,196 Total Institutional Joint Ventures 17 40,294 40,940 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 6 $ 43,614 $ 45,342 IDI/DCT, LLC 50.0 % 1 4,730 4,363 IDI/DCT Buford, LLC (land only) 75.0 % - 4,077 4,083 Total Other 7 52,421 53,788 Total 24 $ 92,715 $ 94,728 (1)

Financial Instruments And Hed26

Financial Instruments And Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Summary Of Financial Instruments	As of June 30, 2015 As of December 31, 2014 Carrying Estimated Carrying Estimated Amounts Fair Value Amounts Fair Value Borrowings (1) Senior unsecured revolving credit facility $ 149,000 $ 149,000 $ 37,000 $ 37,000 Fixed rate debt (2) $ 1,124,563 $ 1,211,084 $ 1,147,045 $ 1,238,671 Variable rate debt $ 225,000 $ 224,607 $ 225,000 $ 226,431 Interest rate contracts: Interest rate swap liability (3) $ (130 ) $ (130 ) $ (167 ) $ (167 ) (1) (2) (3)
Reconciliation Of Assets And Liabilities Measured At Fair Value On Recurring Basis Using Unobservable Inputs	During the Six Months Ended June 30, 2015 2014 Level 3 Assets (Liabilities): Interest Rate Swaps: Beginning balance at January 1 $ (167 ) $ 212 Net unrealized loss included in accumulated other comprehensive income (37 ) (327 ) Realized loss recognized in interest expense 74 77 Ending balance at June 30 $ (130 ) $ (38 )
Schedule Of Derivative Financial Instruments On Financial Statements	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of gain (loss) recognized in OCI for effective portion of derivatives $ 58 $ (518 ) $ (455 ) $ (846 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,158 ) $ (1,172 ) $ (2,311 ) $ (2,328 )

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Schedule Of Noncontrolling Interest	The following table illustrates the noncontrolling interests’ share of consolidated net income during the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Noncontrolling interests’ share of income from continuing operations $ (4,704 ) $ (202 ) $ (6,260 ) $ (353 ) Noncontrolling interests’ share of income from discontinued operations - (267 ) - (267 ) Net income attributable to noncontrolling interests $ (4,704 ) $ (469 ) $ (6,260 ) $ (620 )

Earnings Per Share_Unit (Tables

Earnings Per Share/Unit (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Earnings per Common Share – Basic and Diluted Numerator Income from continuing operations $ 23,001 $ 2,055 $ 53,302 $ 2,514 Income from continuing operations attributable to noncontrolling interests (4,704 ) (202 ) (6,260 ) (353 ) Income from continuing operations attributable to common stockholders 18,297 1,853 47,042 2,161 Less: Distributed and undistributed earnings allocated to participating securities (201 ) (170 ) (344 ) (336 ) Numerator for adjusted income from continuing operations attributable to common stockholders 18,096 1,683 46,698 1,825 Income from discontinued operations - 5,215 - 5,224 Noncontrolling interests' share of income from discontinued operations - (267 ) - (267 ) Numerator for income from discontinued operations attributable to common stockholders - 4,948 - 4,957 Adjusted net income attributable to common stockholders $ 18,096 $ 6,631 $ 46,698 $ 6,782 Denominator Weighted average common shares outstanding – basic 88,187 82,280 88,139 81,636 Effect of dilutive securities: Stock options and phantom stock 299 283 314 273 Weighted average common shares outstanding – diluted 88,486 82,563 88,453 81,909 Earnings per Common Share – Basic Income from continuing operations $ 0.21 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to common stockholders $ 0.21 $ 0.08 $ 0.53 $ 0.08 Earnings per Common Share – Diluted Income from continuing operations $ 0.20 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to common stockholders $ 0.20 $ 0.08 $ 0.53 $ 0.08
DCT Industrial Operating Partnership LP [Member]
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Unit	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Earnings per OP Unit – Basic and Diluted Numerator Income from continuing operations $ 23,001 $ 2,055 $ 53,302 $ 2,514 Income from continuing operations attributable to noncontrolling interests (3,824 ) (103 ) (3,977 ) (236 ) Income from continuing operations attributable to OP Unitholders 19,177 1,952 49,325 2,278 Less: Distributed and undistributed earnings allocated to participating securities (201 ) (170 ) (344 ) (336 ) Numerator for adjusted income from continuing operations attributable to OP Unitholders 18,976 1,782 48,981 1,942 Income from discontinued operations - 5,215 - 5,224 Noncontrolling interests' share of income from discontinued operations - - - - Numerator for income from discontinued operations attributable to OP Unitholders - 5,215 - 5,224 Adjusted net income attributable to OP Unitholders $ 18,976 $ 6,997 $ 48,981 $ 7,166 Denominator Weighted average OP Units outstanding – basic 92,443 86,620 92,417 86,033 Effect of dilutive securities: Stock options and phantom stock 299 283 314 273 Weighted average OP Units outstanding – diluted 92,742 86,903 92,731 86,306 Earnings per OP Unit – Basic Income from continuing operations $ 0.21 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to OP Unitholders $ 0.21 $ 0.08 $ 0.53 $ 0.08 Earnings per OP Units – Diluted Income from continuing operations $ 0.20 $ 0.02 $ 0.53 $ 0.02 Income from discontinued operations 0.00 0.06 0.00 0.06 Net income attributable to OP Unitholders $ 0.20 $ 0.08 $ 0.53 $ 0.08

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment	The following table reflects our total assets, net of accumulated depreciation and amortization, by segment, as of June 30, 2015 and December 31, 2014 (in thousands): June 30, December 31, 2015 2014 Segments: East assets $ 986,185 $ 1,010,263 Central assets 1,097,080 1,067,616 West assets 1,320,675 1,245,990 Total segment net assets 3,403,940 3,323,869 Non-segment assets: Non-segment cash and cash equivalents 15,762 16,653 Other non-segment assets (1) 113,359 111,012 Total assets $ 3,533,061 $ 3,451,534 (1)
Reconciliation Of Segment Rental Revenues To Consolidated Entity	The following table sets forth the rental revenues of our segments in continuing operations for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 East $ 25,845 $ 27,822 $ 53,297 $ 56,793 Central 33,233 33,136 65,916 64,749 West 29,037 22,344 56,964 44,379 Rental revenues 88,115 83,302 176,177 165,921 Institutional capital management and other fees 423 308 801 1,072 Total revenues $ 88,538 $ 83,610 $ 176,978 $ 166,993
Reconciliation Of Property Net Operating Income To Consolidated Entity	The following table sets forth property net operating income of our segments in continuing operations and a reconciliation of our property NOI to our reported “Income from continuing operations” for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 East $ 19,900 $ 20,691 $ 39,570 $ 40,831 Central 24,045 22,576 46,321 42,795 West 22,241 16,891 43,704 33,552 Property NOI (1) 66,186 60,158 129,595 117,178 Institutional capital management and other fees 423 308 801 1,072 Gain on business combination - - - 1,000 Gain on dispositions of real estate interests 14,932 372 41,086 1,417 Real estate related depreciation and amortization (38,449 ) (37,270 ) (77,445 ) (73,703 ) Casualty and involuntary conversion gain - 340 - 340 Development profit, net of taxes 2,627 1,288 2,627 2,016 General and administrative expense (9,856 ) (7,498 ) (17,192 ) (14,332 ) Impairment losses - (376 ) - (4,735 ) Equity in earnings of unconsolidated joint ventures, net 1,036 697 1,843 4,310 Interest expense (13,609 ) (16,182 ) (27,513 ) (32,238 ) Interest and other income (expense) (11 ) (23 ) (29 ) 5 Income tax benefit (expense) and other taxes (278 ) 241 (471 ) 184 Income from continuing operations $ 23,001 $ 2,055 $ 53,302 $ 2,514 (1)

Discontinued Operations And A30

Discontinued Operations And Assets Held For Sale (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations And Disposal Groups [Abstract]
Summary Of Income (Loss) From Discontinued Operations	The following table summarizes the components of income from discontinued operations for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Rental revenues $ - $ 88 $ - $ 392 Rental expenses and real estate taxes - 18 - (67 ) General and administrative expense - (10 ) - (37 ) Operating income - 96 - 288 Interest and other income (expense) - 2 - (17 ) Income tax expense and other taxes - - - (32 ) Operating income and other income - 98 - 239 Impairment losses - - - (132 ) Gain on dispositions of real estate interests - 5,117 - 5,117 Income from discontinued operations $ - $ 5,215 $ - $ 5,224

Condensed Consolidating Finan31

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidated Balance Sheets June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 854,241 $ 152,367 $ - $ 1,006,608 Buildings and improvements - - 2,436,065 443,473 - 2,879,538 Intangible lease assets - - 64,884 24,446 - 89,330 Construction in progress - - 80,540 5,255 - 85,795 Total investment in properties - - 3,435,730 625,541 - 4,061,271 Less accumulated depreciation and amortization - - (613,083 ) (111,705 ) - (724,788 ) Net investment in properties - - 2,822,647 513,836 - 3,336,483 Investments in and advances to unconsolidated joint ventures - 92,117 598 - - 92,715 Net investment in real estate - 92,117 2,823,245 513,836 - 3,429,198 Cash and cash equivalents - 17,379 - 5,535 - 22,914 Restricted cash - 2,504 162 2,758 - 5,424 Deferred loan costs, net - 9,237 51 358 - 9,646 Straight-line rent and other receivables, net - 187 45,503 9,062 - 54,752 Other assets, net - 2,441 4,640 4,046 - 11,127 Intercompany receivables, net 24,751 104,473 8,543 - (137,767 ) - Investment in subsidiaries 1,752,003 2,893,614 26,011 - (4,671,628 ) - Total assets $ 1,776,754 $ 3,121,952 $ 2,908,155 $ 535,595 $ (4,809,395 ) $ 3,533,061 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 9,583 $ 47,004 $ 10,957 $ - $ 67,544 Intercompany payables, net - 24,751 26,084 86,932 (137,767 ) - Distributions payable 24,751 1,287 - - - 26,038 Tenant prepaids and security deposits - - 26,780 3,804 - 30,584 Other liabilities - 151 15,659 1,591 - 17,401 Intangible lease liabilities, net - - 18,722 4,070 - 22,792 Line of credit - 149,000 - - - 149,000 Senior unsecured notes - 1,082,732 - - - 1,082,732 Mortgage notes - - 22,691 244,140 - 266,831 Total liabilities 24,751 1,267,504 156,940 351,494 (137,767 ) 1,662,922 Equity: Stockholders' equity 1,752,003 1,854,448 2,751,215 184,101 (4,789,764 ) 1,752,003 Noncontrolling interests - - - - 118,136 118,136 Total equity 1,752,003 1,854,448 2,751,215 184,101 (4,671,628 ) 1,870,139 Total liabilities and equity $ 1,776,754 $ 3,121,952 $ 2,908,155 $ 535,595 $ (4,809,395 ) $ 3,533,061 Condensed Consolidated Statements of Operations and Comprehensive Income For the Three Months Ended June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 73,006 $ 15,109 $ - $ 88,115 Institutional capital management and other fees - 23 - 492 (92 ) 423 Total revenues - 23 73,006 15,601 (92 ) 88,538 OPERATING EXPENSES: Rental expenses - - 7,219 1,189 - 8,408 Real estate taxes - - 10,822 2,699 - 13,521 Real estate related depreciation and amortization - - 31,897 6,552 - 38,449 General and administrative - 9,811 88 (43 ) - 9,856 Total operating expenses - 9,811 50,026 10,397 - 70,234 Operating income (loss) - (9,788 ) 22,980 5,204 (92 ) 18,304 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 2,627 - 2,627 Equity in earnings (loss) of unconsolidated joint ventures, net - 951 (7 ) - 92 1,036 Gain on dispositions of real estate interests - 9 - 14,923 - 14,932 Interest expense - (10,489 ) (721 ) (2,799 ) 400 (13,609 ) Interest and other income (expense) - 406 (17 ) - (400 ) (11 ) Income tax expense and other taxes - (137 ) (126 ) (15 ) - (278 ) Income (loss) from continuing operations - (19,048 ) 22,109 19,940 - 23,001 Equity in earnings of consolidated subsidiaries 18,297 38,225 2,643 - (59,165 ) - Consolidated net income 18,297 19,177 24,752 19,940 (59,165 ) 23,001 Net income attributable to noncontrolling interests - - - - (4,704 ) (4,704 ) Net income attributable to common stockholders 18,297 19,177 24,752 19,940 (63,869 ) 18,297 Distributed and undistributed earnings allocated to participating securities - (201 ) - - - (201 ) Adjusted net income attributable to common stockholders $ 18,297 $ 18,976 $ 24,752 $ 19,940 $ (63,869 ) $ 18,096 Net income $ 18,297 $ 19,177 $ 24,752 $ 19,940 $ (59,165 ) $ 23,001 Other comprehensive income: Net derivative gain (loss) on cash flow hedging instruments - (54 ) - 112 - 58 Net reclassification adjustment on cash flow hedging instruments - 1,121 - 37 - 1,158 Other comprehensive income - 1,067 - 149 - 1,216 Comprehensive income 18,297 20,244 24,752 20,089 (59,165 ) 24,217 Comprehensive income attributable to noncontrolling interests - - - - (4,843 ) (4,843 ) Comprehensive income attributable to common stockholders $ 18,297 $ 20,244 $ 24,752 $ 20,089 $ (64,008 ) $ 19,374 Condensed Consolidated Statements of Operations and Comprehensive Income For the Six Months Ended June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 144,966 $ 31,211 $ - $ 176,177 Institutional capital management and other fees - 48 - 926 (173 ) 801 Total revenues - 48 144,966 32,137 (173 ) 176,978 OPERATING EXPENSES: Rental expenses - - 15,917 2,639 - 18,556 Real estate taxes - - 22,382 5,644 - 28,026 Real estate related depreciation and amortization - - 63,916 13,529 - 77,445 General and administrative - 16,284 169 739 - 17,192 Total operating expenses - 16,284 102,384 22,551 - 141,219 Operating income (loss) - (16,236 ) 42,582 9,586 (173 ) 35,759 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 2,627 - 2,627 Equity in earnings (loss) of unconsolidated joint ventures, net - 1,677 (7 ) - 173 1,843 Gain on dispositions of real estate interests - (11 ) - 41,097 - 41,086 Interest expense - (21,402 ) (1,368 ) (5,543 ) 800 (27,513 ) Interest and other income (expense) - 809 (33 ) (5 ) (800 ) (29 ) Income tax expense and other taxes - (279 ) (170 ) (22 ) - (471 ) Income (loss) from continuing operations - (35,442 ) 41,004 47,740 - 53,302 Equity in earnings of consolidated subsidiaries 47,042 84,767 2,657 - (134,466 ) - Consolidated net income 47,042 49,325 43,661 47,740 (134,466 ) 53,302 Net income attributable to noncontrolling interests - - - - (6,260 ) (6,260 ) Net income attributable to common stockholders 47,042 49,325 43,661 47,740 (140,726 ) 47,042 Distributed and undistributed earnings allocated to participating securities - (344 ) - - - (344 ) Adjusted net income attributable to common stockholders $ 47,042 $ 48,981 $ 43,661 $ 47,740 $ (140,726 ) $ 46,698 Net income $ 47,042 $ 49,325 $ 43,661 $ 47,740 $ (134,466 ) $ 53,302 Other comprehensive income: Net derivative loss on cash flow hedging instruments - (418 ) - (37 ) - (455 ) Net reclassification adjustment on cash flow hedging instruments - 2,237 - 74 - 2,311 Other comprehensive income - 1,819 - 37 - 1,856 Comprehensive income 47,042 51,144 43,661 47,777 (134,466 ) 55,158 Comprehensive income attributable to noncontrolling interests - - - - (6,354 ) (6,354 ) Comprehensive income attributable to common stockholders $ 47,042 $ 51,144 $ 43,661 $ 47,777 $ (140,820 ) $ 48,804 Condensed Consolidated Statements of Cash Flows For the Six Months Ended June 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (26,752 ) $ 109,938 $ 16,836 $ 112 $ 100,134 INVESTING ACTIVITIES: Real estate acquisitions - - (113,880 ) (29,585 ) - (143,465 ) Capital expenditures and development activities - - (93,995 ) (3,644 ) - (97,639 ) Proceeds (loss) from dispositions of real estate investments - (11 ) - 136,199 - 136,188 Investments in unconsolidated joint ventures - (840 ) - - - (840 ) Distributions of investments in unconsolidated joint ventures - 1,014 - - - 1,014 Other investing activities - (3,357 ) 4 (88 ) - (3,441 ) Net cash provided by (used in) investing activities - (3,194 ) (207,871 ) 102,882 - (108,183 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 166,000 - - - 166,000 Repayments of senior unsecured revolving line of credit - (54,000 ) - - - (54,000 ) Repayments of senior unsecured notes - (40,000 ) - - - (40,000 ) Principal payments on mortgage notes - - (260 ) (3,852 ) - (4,112 ) Net settlement on issuance of stock-based compensation awards (425 ) (425 ) - - 425 (425 ) Net payments relating to intercompany financing 49,812 11,801 98,193 (109,994 ) (49,812 ) - Redemption of noncontrolling interests - (941 ) - - - (941 ) Dividends to common stockholders (49,387 ) (49,387 ) - - 49,387 (49,387 ) Distributions to noncontrolling interests - (2,648 ) - (337 ) - (2,985 ) Other financing activity - (2,818 ) - - - (2,818 ) Net cash provided by (used in) financing activities - 27,582 97,933 (114,183 ) - 11,332 Net change in cash and cash equivalents - (2,364 ) - 5,535 112 3,283 Cash and cash equivalents, beginning of period - 19,743 - - (112 ) 19,631 Cash and cash equivalents, end of period $ - $ 17,379 $ - $ 5,535 $ - $ 22,914 Condensed Consolidated Balance Sheets December 31, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 784,723 $ 166,240 $ - $ 950,963 Buildings and improvements - - 2,273,733 514,226 - 2,787,959 Intangible lease assets - - 62,828 23,687 - 86,515 Construction in progress - - 121,997 12,941 - 134,938 Total investment in properties - - 3,243,281 717,094 - 3,960,375 Less accumulated depreciation and amortization - - (558,797 ) (145,043 ) - (703,840 ) Net investment in properties - - 2,684,484 572,051 - 3,256,535 Investments in and advances to unconsolidated joint ventures - 94,122 606 - - 94,728 Net investment in real estate - 94,122 2,685,090 572,051 - 3,351,263 Cash and cash equivalents - 19,743 - - (112 ) 19,631 Restricted cash - 3 162 3,614 - 3,779 Deferred loan costs, net - 7,580 54 392 - 8,026 Straight-line rent and other receivables, net - 101 43,733 10,349 - 54,183 Other assets, net - 3,525 6,965 4,162 - 14,652 Intercompany receivables, net 24,706 153,557 8,742 - (187,005 ) - Investment in subsidiaries 1,749,832 2,770,752 21,892 - (4,542,476 ) - Total assets $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 10,257 $ 54,764 $ 18,634 $ (112 ) $ 83,543 Intercompany payables, net - 24,706 26,059 136,240 (187,005 ) - Distributions payable 24,706 1,267 - - - 25,973 Tenant prepaids and security deposits - - 25,393 5,146 - 30,539 Other liabilities - 150 10,947 2,981 - 14,078 Intangible lease liabilities, net - - 19,167 3,773 - 22,940 Line of credit - 37,000 - - - 37,000 Senior unsecured notes - 1,122,621 - - - 1,122,621 Mortgage notes - - 19,742 229,682 - 249,424 Total liabilities 24,706 1,196,001 156,072 396,456 (187,117 ) 1,586,118 Equity: Stockholders' equity 1,749,832 1,853,382 2,610,566 194,112 (4,658,060 ) 1,749,832 Noncontrolling interests - - - - 115,584 115,584 Total equity 1,749,832 1,853,382 2,610,566 194,112 (4,542,476 ) 1,865,416 Total liabilities and equity $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Three Months Ended June 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 62,740 $ 20,562 $ - $ 83,302 Institutional capital management and other fees - 75 - 350 (117 ) 308 Total revenues - 75 62,740 20,912 (117 ) 83,610 OPERATING EXPENSES: Rental expenses - - 7,272 2,161 - 9,433 Real estate taxes - - 9,944 3,767 - 13,711 Real estate related depreciation and amortization - - 28,616 8,654 - 37,270 General and administrative - 7,401 87 10 - 7,498 Impairment losses - - - 376 - 376 Casualty and involuntary conversion gain - - (340 ) - - (340 ) Total operating expenses - 7,401 45,579 14,968 - 67,948 Operating income (loss) - (7,326 ) 17,161 5,944 (117 ) 15,662 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 1,238 50 1,288 Equity in earnings (loss) of unconsolidated joint ventures, net - 632 (2 ) - 67 697 Gain on dispositions of real estate interests - 228 - 144 - 372 Interest expense - (12,606 ) (1,287 ) (3,057 ) 768 (16,182 ) Interest and other income (expense) - 773 (14 ) (14 ) (768 ) (23 ) Income tax benefit (expense) and other taxes - (68 ) 381 (72 ) - 241 Income (loss) from continuing operations - (18,367 ) 16,239 4,183 - 2,055 Income from discontinued operations - - - 5,215 - 5,215 Equity in earnings of consolidated subsidiaries 6,801 25,534 1,281 - (33,616 ) - Consolidated net income 6,801 7,167 17,520 9,398 (33,616 ) 7,270 Net income attributable to noncontrolling interests - - - - (469 ) (469 ) Net income attributable to common stockholders 6,801 7,167 17,520 9,398 (34,085 ) 6,801 Distributed and undistributed earnings allocated to participating securities - (170 ) - - - (170 ) Adjusted net income attributable to common stockholders $ 6,801 $ 6,997 $ 17,520 $ 9,398 $ (34,085 ) $ 6,631 Net income $ 6,801 $ 7,167 $ 17,520 $ 9,398 $ (33,616 ) $ 7,270 Other comprehensive income (loss): Net derivative loss on cash flow hedging instruments - (367 ) - (151 ) - (518 ) Net reclassification adjustment on cash flow hedging instruments - 1,133 - 39 - 1,172 Other comprehensive income (loss) - 766 - (112 ) - 654 Comprehensive income 6,801 7,933 17,520 9,286 (33,616 ) 7,924 Comprehensive income attributable to noncontrolling interests - - - - (513 ) (513 ) Comprehensive income attributable to common stockholders $ 6,801 $ 7,933 $ 17,520 $ 9,286 $ (34,129 ) $ 7,411 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Six Months Ended June 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 125,308 $ 40,613 $ - $ 165,921 Institutional capital management and other fees - 454 - 818 (200 ) 1,072 Total revenues - 454 125,308 41,431 (200 ) 166,993 OPERATING EXPENSES: Rental expenses - - 16,852 4,983 - 21,835 Real estate taxes - - 19,479 7,429 - 26,908 Real estate related depreciation and amortization - - 55,956 17,747 - 73,703 General and administrative - 13,782 180 370 - 14,332 Impairment losses - - - 4,735 - 4,735 Casualty and involuntary conversion gain - - (340 ) - - (340 ) Total operating expenses - 13,782 92,127 35,264 - 141,173 Operating income (loss) - (13,328 ) 33,181 6,167 (200 ) 25,820 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 1,966 50 2,016 Equity in earnings (loss) of unconsolidated joint ventures, net - 4,190 (30 ) - 150 4,310 Gain on business combination - 1,000 - - - 1,000 Gain on dispositions of real estate interests - 1,175 - 242 - 1,417 Interest expense - (25,133 ) (2,308 ) (6,083 ) 1,286 (32,238 ) Interest and other income (expense) - 1,324 (36 ) 41 (1,324 ) 5 Income tax benefit (expense) and other taxes - (136 ) 464 (144 ) - 184 Income (loss) from continuing operations - (30,908 ) 31,271 2,189 (38 ) 2,514 Income from discontinued operations - - - 5,186 38 5,224 Equity in earnings of consolidated subsidiaries 7,118 38,410 1,979 - (47,507 ) - Consolidated net income 7,118 7,502 33,250 7,375 (47,507 ) 7,738 Net income attributable to noncontrolling interests - - - - (620 ) (620 ) Net income attributable to common stockholders 7,118 7,502 33,250 7,375 (48,127 ) 7,118 Distributed and undistributed earnings allocated to participating securities - (336 ) - - - (336 ) Adjusted net income attributable to common stockholders $ 7,118 $ 7,166 $ 33,250 $ 7,375 $ (48,127 ) $ 6,782 Net income $ 7,118 $ 7,502 $ 33,250 $ 7,375 $ (47,507 ) $ 7,738 Other comprehensive income (loss) Net derivative loss on cash flow hedging instruments - (519 ) - (327 ) - (846 ) Net reclassification adjustment on cash flow hedging instruments - 2,251 - 77 - 2,328 Other comprehensive income (loss) - 1,732 - (250 ) - 1,482 Comprehensive income 7,118 9,234 33,250 7,125 (47,507 ) 9,220 Comprehensive income attributable to noncontrolling interests - - - - (778 ) (778 ) Comprehensive income attributable to common stockholders $ 7,118 $ 9,234 $ 33,250 $ 7,125 $ (48,285 ) $ 8,442 Condensed Consolidated Statements of Cash Flows For the Six Months Ended June 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (28,558 ) $ 81,107 $ 27,947 $ - $ 80,496 INVESTING ACTIVITIES: Real estate acquisitions - - (105,874 ) (10,200 ) - (116,074 ) Capital expenditures and development activities - - (74,687 ) (9,433 ) - (84,120 ) Proceeds from dispositions of real estate investments - 1,988 - 29,944 - 31,932 Investments in unconsolidated joint ventures - (940 ) - - - (940 ) Proceeds from casualties and involuntary conversion - - 349 142 - 491 Distributions of investments in unconsolidated joint ventures - 16,757 - - - 16,757 Other investing activities - (2,555 ) 4 (241 ) - (2,792 ) Net cash provided by (used in) investing activities - 15,250 (180,208 ) 10,212 - (154,746 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 76,000 - - - 76,000 Repayments of senior unsecured revolving line of credit - (42,000 ) - - - (42,000 ) Principal payments on mortgage notes - - (4,196 ) (3,837 ) - (8,033 ) Proceeds from issuance of common stock 86,928 86,928 - - (86,928 ) 86,928 Net settlement on issuance of stock-based compensation awards (274 ) (274 ) - - 274 (274 ) Offering costs for issuance of common stock and OP Units (1,110 ) (1,110 ) - - 1,110 (1,110 ) Net payments relating to intercompany financing (40,177 ) (74,953 ) 112,877 (37,924 ) 40,177 - Redemption of noncontrolling interests - (796 ) - - - (796 ) Dividends to common stockholders (45,367 ) (45,367 ) - - 45,367 (45,367 ) Distributions to noncontrolling interests - (2,718 ) - (359 ) - (3,077 ) Contributions from noncontrolling interests - - - 101 - 101 Other financing activity - 39 (52 ) - - (13 ) Net cash provided by (used in) financing activities - (4,251 ) 108,629 (42,019 ) - 62,359 Net change in cash and cash equivalents - (17,559 ) 9,528 (3,860 ) - (11,891 ) Cash and cash equivalents, beginning of period - 28,098 - 4,128 - 32,226 Cash and cash equivalents, end of period $ - $ 10,539 $ 9,528 $ 268 $ - $ 20,335

Organization (Narrative) (Detai

Organization (Narrative) (Details) ft² in Millions, $ in Millions	Nov. 17, 2014	May. 30, 2015USD ($)	Jun. 30, 2015USD ($)ft²customerpropertyPartner	Dec. 31, 2014
Organization [Line Items]
Percentage of outstanding equity ownership interest			95.40%	95.40%
Reverse stock split	0.25
Fraudulent transfer amount to third-party overseas accounts | $		$ 6.1
Recovered amount from fraudulent transfer | $		3
Other cost related to incident investigation | $		$ 0.3
Square feet of properties | ft²			72.6
Number of customers leased | customer			900
Number of properties			24
Consolidated Operating Properties [Member]
Organization [Line Items]
Square feet of properties | ft²			61.1
Number of properties			398
Occupancy rate			95.10%
Unconsolidated Properties [Member]
Organization [Line Items]
Square feet of properties | ft²			8.1
Number of properties			24
Occupancy rate			96.90%
Number of institutional partners | Partner			4
Redevelopment [Member]
Organization [Line Items]
Square feet of properties | ft²			0.8
Number of properties			4
Buildings In Development [Member]
Organization [Line Items]
Square feet of properties | ft²			2.6
Number of properties			11
Projects Under Construction [Member]
Organization [Line Items]
Number of properties			5
General and Administrative Expense [Member]
Organization [Line Items]
Expenses related to insurance claim recoveries | $			$ 3.4

Summary Of Significant Accoun33

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment			$ 3,402	$ 5,303
Continuing Operations [Member]
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment	$ 1,800	$ 3,200	3,400	5,300
Tenant recovery	20,500	18,600	42,200	38,600
Increase (decrease) on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations	800	500	1,500	900
Increase on rental revenues due to early lease terminations fees	$ 500	$ 700	$ 1,200	$ 1,600

Investment In Properties (Sched

Investment In Properties (Schedule Of Investment In Properties) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Real Estate [Abstract]
Operating properties	$ 3,680,693	$ 3,635,287
Properties under development	230,391	241,934
Properties under redevelopment	44,137	50,931
Properties in pre-development including land held	106,050	32,223
Total investment in properties	4,061,271	3,960,375
Less accumulated depreciation and amortization	(724,788)	(703,840)
Net investment in properties	$ 3,336,483	$ 3,256,535

Investment In Properties (Narra

Investment In Properties (Narrative) (Details) $ in Thousands, ft² in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)ft²apropertyBuildingsProjects	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Real Estate Properties [Line Items]
Square feet of properties | ft²	72.6		72.6
Total investment in properties	$ 4,061,271		$ 4,061,271		$ 3,960,375
Development profit, net of taxes	2,627	$ 1,288	2,627	$ 2,016
Aggregate amortization expense for intangible lease assets	$ 3,700	$ 3,800	$ 7,600	$ 7,300
Development Activity [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	2.6		2.6
Number of buildings in development | Buildings			11
Weighted Average Lease Percentage			58.60%
Development in process | Projects			5
Area of real estate property under construction | ft²	2.4		2.4
Development Activity [Member] | 8th And Vineyard C
Real Estate Properties [Line Items]
Development profit, net of taxes			$ 2,600
Development Activity [Member] | 8th And Vineyard D
Real Estate Properties [Line Items]
Development profit, net of taxes			2,600
Development Activity [Member] | 8th And Vineyard E
Real Estate Properties [Line Items]
Development profit, net of taxes			$ 2,600
Development Activity [Member] | Shell-complete [Member]
Real Estate Properties [Line Items]
Number of buildings acquired | property			2
Area of property leased | ft²	0.2		0.2
Disposition Activity [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	3.7		3.7
Number of real estate properties sold | property			13
Proceeds from dispositions of real estate investments			$ 138,100
Gain on sale of property			$ 41,100
Number of properties resulting in gain from sale | property			13
Atlanta, Denver, Houston, Northern California and Phoenix Markets [Member] | Acquisition Activity [Member]
Real Estate Properties [Line Items]
Number of Buildings | property			12
Square feet of properties | ft²	2		2
Total investment in properties			$ 117,000
Real estate acquisition related costs			$ 1,500
Area of property acquired | a			168.2
Total investment in properties	$ 48,400		$ 48,400

Investment In Properties (Sch36

Investment In Properties (Schedule Of Intangible Lease Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Finite Lived Intangible Assets And Liabilities [Line Items]
Below market rent, Gross	$ (31,459)	$ (30,266)
Below market rent, Accumulated Amortization	8,667	7,326
Below market rent, Net	(22,792)	(22,940)
Other Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	84,393	81,996
Accumulated Amortization	(35,343)	(33,031)
Net	49,050	48,965
Above Market Rent [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	4,937	4,519
Accumulated Amortization	(2,107)	(1,773)
Net	$ 2,830	$ 2,746

Investments In And Advances T37

Investments In And Advances To Unconsolidated Joint Ventures (Investments In And Advances To Unconsolidated Joint Ventures) (Details) $ in Thousands		6 Months Ended
		Jun. 30, 2015USD ($)property	Dec. 31, 2014USD ($)
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		24
Investments in and advances to unconsolidated joint ventures		$ 92,715	$ 94,728
Percentage Of Initial Cash Equity Capital		100.00%
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		$ 39,103	39,744
TRT-DCT Venture III [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		10.00%
Number of Buildings | property		4
Investments in and advances to unconsolidated joint ventures		$ 1,191	1,196
Stirling Capital Investments (SCLA) [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	[1]	50.00%
Number of Buildings | property	[1]	6
Investments in and advances to unconsolidated joint ventures	[1]	$ 43,614	45,342
IDI/DCT, LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		50.00%
Number of Buildings | property		1
Investments in and advances to unconsolidated joint ventures		$ 4,730	4,363
IDI/DCT Buford, LLC (Land Only) [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		75.00%
Investments in and advances to unconsolidated joint ventures		$ 4,077	4,083
Institutional Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		17
Investments in and advances to unconsolidated joint ventures		$ 40,294	40,940
Other [Member]
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		7
Investments in and advances to unconsolidated joint ventures		$ 52,421	$ 53,788
[1]	Although we contributed 100% of the initial cash equity capital required by the venture, our partners retain certain participant rights in the venture’s available cash flows.

Financial Instruments And Hed38

Financial Instruments And Hedging Activities (Summary Of Financial Instruments) (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts		$ 149,000	$ 37,000
Carrying Amounts		1,500,000	1,400,000
Interest rate swap liability, Carrying Amounts	[1]	(130)	(167)
Interest Rate Swaps [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate swap liability, Estimated Fair Value	[1]	(130)	(167)
Senior Unsecured Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2]	149,000	37,000
Estimated Fair Value	[2]	149,000	37,000
Fixed Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2],[3]	1,124,563	1,147,045
Estimated Fair Value	[2],[3]	1,211,084	1,238,671
Variable Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2]	225,000	225,000
Estimated Fair Value	[2]	$ 224,607	$ 226,431
[1]	The fair value 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. We also incorporate a credit valuation adjustment, which is derived using unobservable Level 3 inputs, to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurement. The asset or liability is included in “Other assets” or “Other liabilities,” respectively, in our Consolidated Balance Sheets.
[2]	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.
[3]	The carrying amount of our fixed rate debt includes premiums and discounts.

Financial Instruments And Hed39

Financial Instruments And Hedging Activities (Reconciliation Of Assets And Liabilities Measured At Fair Value On Recurring Basis Using Unobservable Inputs) (Details) - Interest Rate Swaps [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance at January 1	$ (167)	$ 212
Net unrealized loss included in accumulated other comprehensive income	(37)	(327)
Realized loss recognized in interest expense	74	77
Ending balance at June 30	$ (130)	$ (38)

Financial Instruments And Hed40

Financial Instruments And Hedging Activities (Narrative) (Details) $ in Millions	1 Months Ended	6 Months Ended
	Jun. 30, 2013item	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of pay-fixed, receive-floating interest rate swaps | item	2
Fixed interest rate	4.72%
Notional amount of non derivative Instruments		$ 6.9	$ 7
Estimated amount that will be reclassified from accumulated other comprehensive loss to interest expenses		$ 4.2
Interest Rate Swaps [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Maturity date	Jun. 1, 2023

Financial Instruments And Hed41

Financial Instruments And Hedging Activities (Schedule Of Derivative Financial Instruments On Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of gain (loss) recognized in OCI for effective portion of derivatives	$ 58	$ (518)	$ (455)	$ (846)
Interest Rate Swaps [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of gain (loss) recognized in OCI for effective portion of derivatives	58	(518)	(455)	(846)
Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net	$ (1,158)	$ (1,172)	$ (2,311)	$ (2,328)

Outstanding Indebtedness (Narra

Outstanding Indebtedness (Narrative) (Details)		Apr. 08, 2015USD ($)	Jun. 30, 2015USD ($)Credits	Jun. 30, 2015USD ($)CreditsLoan	Dec. 31, 2014USD ($)Credits
Debt Instrument [Line Items]
Outstanding indebtedness			$ 1,500,000,000	$ 1,500,000,000	$ 1,400,000,000
Proportionate share of debt associated with unconsolidated joint ventures					42,500,000
Total investment in properties			4,061,271,000	4,061,271,000	3,960,375,000
Total bank unsecured credit facilities			149,000,000	$ 149,000,000	37,000,000
Number of notes assumed | Loan				2
Assumption of mortgage note in connection with real estate acquired			21,100,000	$ 21,100,000
Premium in connection with the assumption of the note			$ 1,900,000	1,900,000
Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 225,000,000
Senior Unsecured Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date			Jun. 30, 2015
Repayments of senior unsecured note			$ 40,000,000
Tranches One [Member] | Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 125,000,000
Debt instrument, maturity date		Apr. 8, 2020
Tranches Two [Member] | Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 100,000,000
Debt instrument, maturity date		Apr. 8, 2017
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total bank unsecured credit facilities	[1]		149,000,000	149,000,000	37,000,000
Senior unsecured facility, available			231,500,000	231,500,000	243,500,000
Letters of Credit Outstanding			$ 19,500,000	$ 19,500,000	$ 19,500,000
Number of letter of credits | Credits			3	3	3
Borrowing capacity under revolving credit facility		$ 400,000,000	$ 300,000,000	$ 300,000,000
Line of credit facility, expiration date		Apr. 8, 2019
Mortgage Loans On Real Estate [Member]
Debt Instrument [Line Items]
Total investment in properties			700,000,000	700,000,000	$ 600,000,000
Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Proportionate share of debt associated with unconsolidated joint ventures			$ 42,200,000	$ 42,200,000
[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.

Noncontrolling Interests (Sched

Noncontrolling Interests (Schedule Of Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Noncontrolling Interest [Abstract]
Noncontrolling interests' share of income from continuing operations	$ (4,704)	$ (202)	$ (6,260)	$ (353)
Noncontrolling interests' share of income from discontinued operations		(267)		(267)
Net income attributable to noncontrolling interests	$ (4,704)	$ (469)	$ (6,260)	$ (620)

Stockholders' Equity of DCT a44

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Stockholders Equity [Line Items]
Common stock, shares issued	88,203,274		88,012,696
Common stock, shares outstanding	88,203,274		88,012,696
Shares issued for vested restricted stock and phantoms shares and options exercised	100,000	100,000
Ownership interest in operating partnership	95.40%		95.40%
Common stock issued on redemption of OP Units	100,000	200,000
Cash paid for redemption of partnership units	$ 0.9	$ 0.8
Redemption of OP units	100,000	300,000
Operating partnership units outstanding	4,200,000		4,200,000
Redemption value of OP units	$ 133.2		$ 149.8
Closing price of DCT's common stock	$ 31.44		$ 35.66
Stock options granted during the period	0
Restricted Stock [Member]
Stockholders Equity [Line Items]
Shares granted during the period	28,000
LTIP Units [Member]
Stockholders Equity [Line Items]
LTIP units outstanding	1,100,000		900,000
LTIP units vested	600,000		400,000
Certain Officers and Employees [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Weighted-average fair market value	$ 37.68
Certain Senior Executives [Member] | LTIP Units [Member]
Stockholders Equity [Line Items]
Common stock issued on redemption of OP Units	5,000	8,000
Redemption of OP units	5,000	8,000
Vesting period (years)	4 years	4 years
LTIP units granted	200,000	200,000
Fair value of shares granted	$ 7.3	$ 4.6
Volatility factor	26.00%	40.00%
Risk-free interest rate	1.28%	1.46%
Minimum [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership	1.00%
Minimum [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Vesting period (years)	4 years
Minimum [Member] | Certain Senior Executives [Member] | LTIP Units [Member]
Stockholders Equity [Line Items]
Vesting period (years)	4 years
Maximum [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Vesting period (years)	5 years
Maximum [Member] | Certain Senior Executives [Member] | LTIP Units [Member]
Stockholders Equity [Line Items]
Vesting period (years)	5 years

Related Party Transactions (Det

Related Party Transactions (Details) ft² in Millions, $ in Millions	1 Months Ended		2 Months Ended	6 Months Ended
	Jan. 31, 2011propertyagreement	Dec. 31, 2010USD ($)aagreement	Jan. 31, 2011USD ($)property	Jun. 30, 2015USD ($)ft²aproperty
Related Party Transaction [Line Items]
Land held for development | ft²				72.6
Number of properties | property				24
8th & Vineyard Consolidated Joint Venture [Member]
Related Party Transaction [Line Items]
Land held for development | a		19.3
Acquisition price of land and buildings		$ 4.7
8th & Vineyard A and 8th & Vineyard B [Member] | Construction And Disposition [Member]
Related Party Transaction [Line Items]
Land held for development | a				0.8
Number of properties | property				5
Preferred return on capital contributions				$ 3
Non-controlling interest				$ 3.7
Southern California Consolidated Ventures [Member]
Related Party Transaction [Line Items]
Acquisition price of land and buildings			$ 46.3
Number of properties | property	5		5
Number of acquisition agreements | agreement	2	2
Weighted average ownership percentage			48.40%
Weighted average ownership interest rate controlled by executives			43.70%
Weighted average ownership interest rate held by third party			7.90%

Earnings Per Share_Unit (Comput

Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Income from continuing operations	$ 23,001	$ 2,055	$ 53,302	$ 2,514
Income from continuing operations attributable to noncontrolling interests	(4,704)	(202)	(6,260)	(353)
Income from continuing operations attributable to common stockholders	18,297	1,853	47,042	2,161
Less: Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Numerator for adjusted income from continuing operations attributable to common stockholders/OP Unitholders	18,096	1,683	46,698	1,825
Income from discontinued operations		5,215		5,224
Noncontrolling interests' share of income from discontinued operations		(267)		(267)
Numerator for income from discontinued operations attributable to common stockholders / OP Unitholders		4,948		4,957
Adjusted net income attributable to common stockholders / OP Unitholders	$ 18,096	$ 6,631	$ 46,698	$ 6,782
Weighted average common shares outstanding – basic	88,187	82,280	88,139	81,636
Stock options and phantom stock	299	283	314	273
Weighted average common shares / OP Units outstanding – diluted	88,486	82,563	88,453	81,909
Income from continuing operations	$ 0.21	$ 0.02	$ 0.53	$ 0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	0.21	0.08	0.53	0.08
Income from continuing operations	0.20	0.02	0.53	0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	$ 0.20	$ 0.08	$ 0.53	$ 0.08

Earnings Per Share_Unit (Comp47

Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Unit) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Line Items]
Income from continuing operations	$ 23,001	$ 2,055	$ 53,302	$ 2,514
Income from continuing operations attributable to noncontrolling interests	(4,704)	(202)	(6,260)	(353)
Income from continuing operations attributable to common stockholders	18,297	1,853	47,042	2,161
Less: Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Numerator for adjusted income from continuing operations attributable to common stockholders/OP Unitholders	18,096	1,683	46,698	1,825
Income from discontinued operations		5,215		5,224
Noncontrolling interests' share of income from discontinued operations		(267)		(267)
Numerator for income from discontinued operations attributable to common stockholders / OP Unitholders		4,948		4,957
Adjusted net income attributable to common stockholders / OP Unitholders	$ 18,096	$ 6,631	$ 46,698	$ 6,782
Weighted average common shares outstanding – basic	88,187	82,280	88,139	81,636
Stock options and phantom stock	299	283	314	273
Weighted average common shares / OP Units outstanding – diluted	88,486	82,563	88,453	81,909
Net income attributable to common stockholders	$ 0.21	$ 0.08	$ 0.53	$ 0.08
Income from continuing operations	0.20	0.02	0.53	0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	$ 0.20	$ 0.08	$ 0.53	$ 0.08
DCT Industrial Operating Partnership LP [Member]
Earnings Per Share [Line Items]
Income from continuing operations	$ 23,001	$ 2,055	$ 53,302	$ 2,514
Income from continuing operations attributable to noncontrolling interests	(3,824)	(103)	(3,977)	(236)
Income from continuing operations attributable to common stockholders	19,177	1,952	49,325	2,278
Less: Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Numerator for adjusted income from continuing operations attributable to common stockholders/OP Unitholders	18,976	1,782	48,981	1,942
Income from discontinued operations		5,215		5,224
Numerator for income from discontinued operations attributable to common stockholders / OP Unitholders		5,215		5,224
Adjusted net income attributable to common stockholders / OP Unitholders	$ 18,976	$ 6,997	$ 48,981	$ 7,166
Weighted average common shares outstanding – basic	92,443	86,620	92,417	86,033
Stock options and phantom stock	299	283	314	273
Weighted average common shares / OP Units outstanding – diluted	92,742	86,903	92,731	86,306
Income from continuing operations	$ 0.21	$ 0.02	$ 0.53	$ 0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	0.21	0.08	0.53	0.08
Income from continuing operations	0.20	0.02	0.53	0.02
Income from discontinued operations	0	0.06	0	0.06
Net income attributable to common stockholders	$ 0.20	$ 0.08	$ 0.53	$ 0.08

Earnings Per Share_Unit (Narrat

Earnings Per Share/Unit (Narrative) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
OP Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities	4.3	4.3	4.3	4.4

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015segment
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		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total assets		$ 3,533,061	$ 3,451,534
Non-segment cash and cash equivalents		22,914	19,631	$ 20,335	$ 32,226
Other non-segment assets		11,127	14,652
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		3,403,940	3,323,869
Operating Segments [Member] | East [Member]
Segment Reporting Information [Line Items]
Total assets		986,185	1,010,263
Operating Segments [Member] | Central [Member]
Segment Reporting Information [Line Items]
Total assets		1,097,080	1,067,616
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total assets		1,320,675	1,245,990
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Non-segment cash and cash equivalents		15,762	16,653
Other non-segment assets	[1]	$ 113,359	$ 111,012
[1]	Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables and other assets.

Segment Information (Reconcilia

Segment Information (Reconciliation Of Segment Rental Revenues To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	$ 88,115	$ 83,302	$ 176,177	$ 165,921
Institutional capital management and other fees	423	308	801	1,072
Total revenues	88,538	83,610	176,978	166,993
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	88,115	83,302	176,177	165,921
Operating Segments [Member] | East [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	25,845	27,822	53,297	56,793
Operating Segments [Member] | Central [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	33,233	33,136	65,916	64,749
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	$ 29,037	$ 22,344	$ 56,964	$ 44,379

Segment Information (Reconcil52

Segment Information (Reconciliation Of Property Net Operating Income To Consolidated Entity) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total property NOI		$ 18,304	$ 15,662	$ 35,759	$ 25,820
Institutional capital management and other fees		423	308	801	1,072
Gain on business combination					1,000
Gain on dispositions of real estate interests		14,932	372	41,086	1,417
Real estate related depreciation and amortization		(38,449)	(37,270)	(77,445)	(73,703)
Casualty and involuntary conversion gain			340		340
Development profit, net of taxes		2,627	1,288	2,627	2,016
General and administrative expense		(9,856)	(7,498)	(17,192)	(14,332)
Impairment losses			(376)		(4,735)
Equity in earnings of unconsolidated joint ventures, net		1,036	697	1,843	4,310
Interest expense		(13,609)	(16,182)	(27,513)	(32,238)
Interest and other income (expense)		(11)	(23)	(29)	5
Income tax benefit (expense) and other taxes		(278)	241	(471)	184
Income from continuing operations		23,001	2,055	53,302	2,514
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total property NOI	[1]	66,186	60,158	129,595	117,178
Operating Segments [Member] | East [Member]
Segment Reporting Information [Line Items]
Total property NOI		19,900	20,691	39,570	40,831
Operating Segments [Member] | Central [Member]
Segment Reporting Information [Line Items]
Total property NOI		24,045	22,576	46,321	42,795
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total property NOI		22,241	16,891	43,704	33,552
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Institutional capital management and other fees		423	308	801	1,072
Gain on business combination					1,000
Gain on dispositions of real estate interests		14,932	372	41,086	1,417
Real estate related depreciation and amortization		(38,449)	(37,270)	(77,445)	(73,703)
Casualty and involuntary conversion gain			340		340
Development profit, net of taxes		2,627	1,288	2,627	2,016
General and administrative expense		(9,856)	(7,498)	(17,192)	(14,332)
Impairment losses			(376)		(4,735)
Equity in earnings of unconsolidated joint ventures, net		1,036	697	1,843	4,310
Interest expense		(13,609)	(16,182)	(27,513)	(32,238)
Interest and other income (expense)		(11)	(23)	(29)	5
Income tax benefit (expense) and other taxes		$ (278)	$ 241	$ (471)	$ 184
[1]	Property net operating income (“property NOI”) is defined as rental revenues, including reimbursements, less rental expenses and real estate taxes, which excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gains, impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income (expense) and income tax benefit (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 depreciation, amortization, impairment, general and administrative expenses and interest expense. However, property NOI should not be viewed as an alternative measure of our 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 (loss) attributable to common stockholders, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Discontinued Operations And A53

Discontinued Operations And Assets Held For Sale (Narrative) (Details)	Jun. 30, 2015property
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of properties	24
Assets Held for Sale [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of properties	0

Discontinued Operations And A54

Discontinued Operations And Assets Held For Sale (Summary Of Income (Loss) From Discontinued Operations) (Details) - Jun. 30, 2014 - USD ($) $ in Thousands	Total	Total
Discontinued Operations And Disposal Groups [Abstract]
Rental revenues	$ 88	$ 392
Rental expenses and real estate taxes	18	(67)
General and administrative expense	(10)	(37)
Operating income	96	288
Interest and other income (expense)	2	(17)
Income tax expense and other taxes		(32)
Operating income and other income	98	239
Impairment losses		(132)
Gain on dispositions of real estate interests	5,117	5,117
Income from discontinued operations	$ 5,215	$ 5,224

Condensed Consolidated Financia

Condensed Consolidated Financial Information (Narrative) (Details) - Oct. 31, 2013 - DCT Industrial Operating Partnership LP [Member] - Senior Notes [Member] - USD ($)	Total
Debt Instrument [Line Items]
Debt instrument face value	$ 275,000,000
Debt instrument stated rate	4.50%
Debt instrument discount rate	99.038%

Condensed Consolidated Financ56

Condensed Consolidated Financial Information (Condensed Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Land	$ 1,006,608	$ 950,963
Buildings and improvements	2,879,538	2,787,959
Intangible lease assets	89,330	86,515
Construction in progress	85,795	134,938
Total investment in properties	4,061,271	3,960,375
Less accumulated depreciation and amortization	(724,788)	(703,840)
Net investment in properties	3,336,483	3,256,535
Investments in and advances to unconsolidated joint ventures	92,715	94,728
Net investment in real estate	3,429,198	3,351,263
Cash and cash equivalents	22,914	19,631	$ 20,335	$ 32,226
Restricted cash	5,424	3,779
Deferred loan costs, net	9,646	8,026
Straight-line rent and other receivables, net	54,752	54,183
Other assets, net	11,127	14,652
Total assets	3,533,061	3,451,534
Liabilities:
Accounts payable and accrued expenses	67,544	83,543
Distributions payable	26,038	25,973
Tenant prepaids and security deposits	30,584	30,539
Other liabilities	17,401	14,078
Intangible lease liabilities, net	22,792	22,940
Line of credit	149,000	37,000
Senior unsecured notes	1,082,732	1,122,621
Mortgage notes	266,831	249,424
Total liabilities	1,662,922	1,586,118
Equity/Partners' Capital:
Stockholders' equity	1,752,003	1,749,832
Noncontrolling interests	118,136	115,584
Total equity	1,870,139	1,865,416
Total liabilities and equity	3,533,061	3,451,534
Consolidating Adjustments [Member]
ASSETS
Cash and cash equivalents		(112)
Intercompany receivables, net	(137,767)	(187,005)
Investment in subsidiaries	(4,671,628)	(4,542,476)
Total assets	(4,809,395)	(4,729,593)
Liabilities:
Accounts payable and accrued expenses		(112)
Intercompany payables, net	(137,767)	(187,005)
Total liabilities	(137,767)	(187,117)
Equity/Partners' Capital:
Stockholders' equity	(4,789,764)	(4,658,060)
Noncontrolling interests	118,136	115,584
Total equity	(4,671,628)	(4,542,476)
Total liabilities and equity	(4,809,395)	(4,729,593)
DCT Industrial Trust Inc. [Member]
ASSETS
Intercompany receivables, net	24,751	24,706
Investment in subsidiaries	1,752,003	1,749,832
Total assets	1,776,754	1,774,538
Liabilities:
Distributions payable	24,751	24,706
Total liabilities	24,751	24,706
Equity/Partners' Capital:
Stockholders' equity	1,752,003	1,749,832
Total equity	1,752,003	1,749,832
Total liabilities and equity	1,776,754	1,774,538
Subsidiary Issuer [Member]
ASSETS
Investments in and advances to unconsolidated joint ventures	92,117	94,122
Net investment in real estate	92,117	94,122
Cash and cash equivalents	17,379	19,743	10,539	28,098
Restricted cash	2,504	3
Deferred loan costs, net	9,237	7,580
Straight-line rent and other receivables, net	187	101
Other assets, net	2,441	3,525
Intercompany receivables, net	104,473	153,557
Investment in subsidiaries	2,893,614	2,770,752
Total assets	3,121,952	3,049,383
Liabilities:
Accounts payable and accrued expenses	9,583	10,257
Intercompany payables, net	24,751	24,706
Distributions payable	1,287	1,267
Other liabilities	151	150
Line of credit	149,000	37,000
Senior unsecured notes	1,082,732	1,122,621
Total liabilities	1,267,504	1,196,001
Equity/Partners' Capital:
Stockholders' equity	1,854,448	1,853,382
Total equity	1,854,448	1,853,382
Total liabilities and equity	3,121,952	3,049,383
Subsidiary Guarantors [Member]
ASSETS
Land	854,241	784,723
Buildings and improvements	2,436,065	2,273,733
Intangible lease assets	64,884	62,828
Construction in progress	80,540	121,997
Total investment in properties	3,435,730	3,243,281
Less accumulated depreciation and amortization	(613,083)	(558,797)
Net investment in properties	2,822,647	2,684,484
Investments in and advances to unconsolidated joint ventures	598	606
Net investment in real estate	2,823,245	2,685,090
Cash and cash equivalents			9,528
Restricted cash	162	162
Deferred loan costs, net	51	54
Straight-line rent and other receivables, net	45,503	43,733
Other assets, net	4,640	6,965
Intercompany receivables, net	8,543	8,742
Investment in subsidiaries	26,011	21,892
Total assets	2,908,155	2,766,638
Liabilities:
Accounts payable and accrued expenses	47,004	54,764
Intercompany payables, net	26,084	26,059
Tenant prepaids and security deposits	26,780	25,393
Other liabilities	15,659	10,947
Intangible lease liabilities, net	18,722	19,167
Mortgage notes	22,691	19,742
Total liabilities	156,940	156,072
Equity/Partners' Capital:
Stockholders' equity	2,751,215	2,610,566
Total equity	2,751,215	2,610,566
Total liabilities and equity	2,908,155	2,766,638
Non-Guarantor Subsidiaries [Member]
ASSETS
Land	152,367	166,240
Buildings and improvements	443,473	514,226
Intangible lease assets	24,446	23,687
Construction in progress	5,255	12,941
Total investment in properties	625,541	717,094
Less accumulated depreciation and amortization	(111,705)	(145,043)
Net investment in properties	513,836	572,051
Net investment in real estate	513,836	572,051
Cash and cash equivalents	5,535		$ 268	$ 4,128
Restricted cash	2,758	3,614
Deferred loan costs, net	358	392
Straight-line rent and other receivables, net	9,062	10,349
Other assets, net	4,046	4,162
Total assets	535,595	590,568
Liabilities:
Accounts payable and accrued expenses	10,957	18,634
Intercompany payables, net	86,932	136,240
Tenant prepaids and security deposits	3,804	5,146
Other liabilities	1,591	2,981
Intangible lease liabilities, net	4,070	3,773
Mortgage notes	244,140	229,682
Total liabilities	351,494	396,456
Equity/Partners' Capital:
Stockholders' equity	184,101	194,112
Total equity	184,101	194,112
Total liabilities and equity	$ 535,595	$ 590,568

Condensed Consolidated Financ57

Condensed Consolidated Financial Information (Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUES:
Rental revenues	$ 88,115	$ 83,302	$ 176,177	$ 165,921
Institutional capital management and other fees	423	308	801	1,072
Total revenues	88,538	83,610	176,978	166,993
OPERATING EXPENSES:
Rental expenses	8,408	9,433	18,556	21,835
Real estate taxes	13,521	13,711	28,026	26,908
Real estate related depreciation and amortization	38,449	37,270	77,445	73,703
General and administrative	9,856	7,498	17,192	14,332
Impairment losses		376		4,735
Casualty and involuntary conversion gain		(340)		(340)
Total operating expenses	70,234	67,948	141,219	141,173
Operating income	18,304	15,662	35,759	25,820
OTHER INCOME (EXPENSE):
Development profit, net of taxes	2,627	1,288	2,627	2,016
Equity in earnings (loss) of unconsolidated joint ventures, net	1,036	697	1,843	4,310
Gain on business combination				1,000
Gain on dispositions of real estate interests	14,932	372	41,086	1,417
Interest expense	(13,609)	(16,182)	(27,513)	(32,238)
Interest and other income (expense)	(11)	(23)	(29)	5
Income tax benefit (expense) and other taxes	(278)	241	(471)	184
Income from continuing operations	23,001	2,055	53,302	2,514
Income from discontinued operations		5,215		5,224
Consolidated net income of DCT Industrial Trust Inc.	23,001	7,270	53,302	7,738
Net income attributable to noncontrolling interests	(4,704)	(469)	(6,260)	(620)
Net Income (loss) attributable to common stockholders/OP Unitholders	18,297	6,801	47,042	7,118
Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Adjusted net income attributable to common stockholders / OP Unitholders	18,096	6,631	46,698	6,782
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	58	(518)	(455)	(846)
Net reclassification adjustment on cash flow hedging instruments	1,158	1,172	2,311	2,328
Other comprehensive income	1,216	654	1,856	1,482
Comprehensive income	24,217	7,924	55,158	9,220
Comprehensive income attributable to noncontrolling interests	(4,843)	(513)	(6,354)	(778)
Comprehensive income attributable to common stockholders/OP Unitholders	19,374	7,411	48,804	8,442
Consolidating Adjustments [Member]
REVENUES:
Institutional capital management and other fees	(92)	(117)	(173)	(200)
Total revenues	(92)	(117)	(173)	(200)
OPERATING EXPENSES:
Operating income	(92)	(117)	(173)	(200)
OTHER INCOME (EXPENSE):
Development profit, net of taxes		50		50
Equity in earnings (loss) of unconsolidated joint ventures, net	92	67	173	150
Interest expense	400	768	800	1,286
Interest and other income (expense)	(400)	(768)	(800)	(1,324)
Income from continuing operations				(38)
Income from discontinued operations				38
Equity in earnings of consolidated subsidiaries	(59,165)	(33,616)	(134,466)	(47,507)
Consolidated net income of DCT Industrial Trust Inc.	(59,165)	(33,616)	(134,466)	(47,507)
Net income attributable to noncontrolling interests	(4,704)	(469)	(6,260)	(620)
Net Income (loss) attributable to common stockholders/OP Unitholders	(63,869)	(34,085)	(140,726)	(48,127)
Adjusted net income attributable to common stockholders / OP Unitholders	(63,869)	(34,085)	(140,726)	(48,127)
Other comprehensive income:
Comprehensive income	(59,165)	(33,616)	(134,466)	(47,507)
Comprehensive income attributable to noncontrolling interests	(4,843)	(513)	(6,354)	(778)
Comprehensive income attributable to common stockholders/OP Unitholders	(64,008)	(34,129)	(140,820)	(48,285)
DCT Industrial Trust Inc. [Member]
OTHER INCOME (EXPENSE):
Equity in earnings of consolidated subsidiaries	18,297	6,801	47,042	7,118
Consolidated net income of DCT Industrial Trust Inc.	18,297	6,801	47,042	7,118
Net Income (loss) attributable to common stockholders/OP Unitholders	18,297	6,801	47,042	7,118
Adjusted net income attributable to common stockholders / OP Unitholders	18,297	6,801	47,042	7,118
Other comprehensive income:
Comprehensive income	18,297	6,801	47,042	7,118
Comprehensive income attributable to common stockholders/OP Unitholders	18,297	6,801	47,042	7,118
Subsidiary Issuer [Member]
REVENUES:
Institutional capital management and other fees	23	75	48	454
Total revenues	23	75	48	454
OPERATING EXPENSES:
General and administrative	9,811	7,401	16,284	13,782
Total operating expenses	9,811	7,401	16,284	13,782
Operating income	(9,788)	(7,326)	(16,236)	(13,328)
OTHER INCOME (EXPENSE):
Equity in earnings (loss) of unconsolidated joint ventures, net	951	632	1,677	4,190
Gain on business combination				1,000
Gain on dispositions of real estate interests	9	228	(11)	1,175
Interest expense	(10,489)	(12,606)	(21,402)	(25,133)
Interest and other income (expense)	406	773	809	1,324
Income tax benefit (expense) and other taxes	(137)	(68)	(279)	(136)
Income from continuing operations	(19,048)	(18,367)	(35,442)	(30,908)
Equity in earnings of consolidated subsidiaries	38,225	25,534	84,767	38,410
Consolidated net income of DCT Industrial Trust Inc.	19,177	7,167	49,325	7,502
Net Income (loss) attributable to common stockholders/OP Unitholders	19,177	7,167	49,325	7,502
Distributed and undistributed earnings allocated to participating securities	(201)	(170)	(344)	(336)
Adjusted net income attributable to common stockholders / OP Unitholders	18,976	6,997	48,981	7,166
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	(54)	(367)	(418)	(519)
Net reclassification adjustment on cash flow hedging instruments	1,121	1,133	2,237	2,251
Other comprehensive income	1,067	766	1,819	1,732
Comprehensive income	20,244	7,933	51,144	9,234
Comprehensive income attributable to common stockholders/OP Unitholders	20,244	7,933	51,144	9,234
Subsidiary Guarantors [Member]
REVENUES:
Rental revenues	73,006	62,740	144,966	125,308
Total revenues	73,006	62,740	144,966	125,308
OPERATING EXPENSES:
Rental expenses	7,219	7,272	15,917	16,852
Real estate taxes	10,822	9,944	22,382	19,479
Real estate related depreciation and amortization	31,897	28,616	63,916	55,956
General and administrative	88	87	169	180
Casualty and involuntary conversion gain		(340)		(340)
Total operating expenses	50,026	45,579	102,384	92,127
Operating income	22,980	17,161	42,582	33,181
OTHER INCOME (EXPENSE):
Equity in earnings (loss) of unconsolidated joint ventures, net	(7)	(2)	(7)	(30)
Interest expense	(721)	(1,287)	(1,368)	(2,308)
Interest and other income (expense)	(17)	(14)	(33)	(36)
Income tax benefit (expense) and other taxes	(126)	381	(170)	464
Income from continuing operations	22,109	16,239	41,004	31,271
Equity in earnings of consolidated subsidiaries	2,643	1,281	2,657	1,979
Consolidated net income of DCT Industrial Trust Inc.	24,752	17,520	43,661	33,250
Net Income (loss) attributable to common stockholders/OP Unitholders	24,752	17,520	43,661	33,250
Adjusted net income attributable to common stockholders / OP Unitholders	24,752	17,520	43,661	33,250
Other comprehensive income:
Comprehensive income	24,752	17,520	43,661	33,250
Comprehensive income attributable to common stockholders/OP Unitholders	24,752	17,520	43,661	33,250
Non-Guarantor Subsidiaries [Member]
REVENUES:
Rental revenues	15,109	20,562	31,211	40,613
Institutional capital management and other fees	492	350	926	818
Total revenues	15,601	20,912	32,137	41,431
OPERATING EXPENSES:
Rental expenses	1,189	2,161	2,639	4,983
Real estate taxes	2,699	3,767	5,644	7,429
Real estate related depreciation and amortization	6,552	8,654	13,529	17,747
General and administrative	(43)	10	739	370
Impairment losses		376		4,735
Total operating expenses	10,397	14,968	22,551	35,264
Operating income	5,204	5,944	9,586	6,167
OTHER INCOME (EXPENSE):
Development profit, net of taxes	2,627	1,238	2,627	1,966
Gain on dispositions of real estate interests	14,923	144	41,097	242
Interest expense	(2,799)	(3,057)	(5,543)	(6,083)
Interest and other income (expense)		(14)	(5)	41
Income tax benefit (expense) and other taxes	(15)	(72)	(22)	(144)
Income from continuing operations	19,940	4,183	47,740	2,189
Income from discontinued operations		5,215		5,186
Consolidated net income of DCT Industrial Trust Inc.	19,940	9,398	47,740	7,375
Net Income (loss) attributable to common stockholders/OP Unitholders	19,940	9,398	47,740	7,375
Adjusted net income attributable to common stockholders / OP Unitholders	19,940	9,398	47,740	7,375
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	112	(151)	(37)	(327)
Net reclassification adjustment on cash flow hedging instruments	37	39	74	77
Other comprehensive income	149	(112)	37	(250)
Comprehensive income	20,089	9,286	47,777	7,125
Comprehensive income attributable to common stockholders/OP Unitholders	$ 20,089	$ 9,286	$ 47,777	$ 7,125

Condensed Consolidated Financ58

Condensed Consolidated Financial Information (Condensed Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$ 100,134	$ 80,496
INVESTING ACTIVITIES:
Real estate acquisitions	(143,465)	(116,074)
Capital expenditures and development activities	(97,639)	(84,120)
Proceeds (loss) from dispositions of real estate investments	136,188	31,932
Investments in unconsolidated joint ventures	(840)	(940)
Proceeds from casualties and involuntary conversion		491
Distributions of investments in unconsolidated joint ventures	1,014	16,757
Other investing activities	(3,441)	(2,792)
Net cash used in investing activities	(108,183)	(154,746)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	166,000	76,000
Repayments of senior unsecured revolving line of credit	(54,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Principal payments on mortgage notes	(4,112)	(8,033)
Proceeds from issuance of common stock		86,928
Net settlement on issuance of stock-based compensation awards	(425)	(274)
Offering costs for issuance of common stock and OP Units		(1,110)
Redemption of noncontrolling interests	(941)	(796)
Dividends to common stockholders	(49,387)	(45,367)
Distributions to noncontrolling interests	(2,985)	(3,077)
Contributions from noncontrolling interests		101
Other financing activity	(2,818)	(13)
Net cash provided by financing activities	11,332	62,359
NET CHANGE IN CASH AND CASH EQUIVALENTS	3,283	(11,891)
CASH AND CASH EQUIVALENTS, beginning of period	19,631	32,226
CASH AND CASH EQUIVALENTS, end of period	22,914	20,335
Consolidating Adjustments [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	112
FINANCING ACTIVITIES:
Proceeds from issuance of common stock		(86,928)
Net settlement on issuance of stock-based compensation awards	425	274
Offering costs for issuance of common stock and OP Units		1,110
Net payments relating to intercompany financing	(49,812)	40,177
Dividends to common stockholders	49,387	45,367
NET CHANGE IN CASH AND CASH EQUIVALENTS	112
CASH AND CASH EQUIVALENTS, beginning of period	(112)
DCT Industrial Trust Inc. [Member]
FINANCING ACTIVITIES:
Proceeds from issuance of common stock		86,928
Net settlement on issuance of stock-based compensation awards	(425)	(274)
Offering costs for issuance of common stock and OP Units		(1,110)
Net payments relating to intercompany financing	49,812	(40,177)
Dividends to common stockholders	(49,387)	(45,367)
Subsidiary Issuer [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	(26,752)	(28,558)
INVESTING ACTIVITIES:
Proceeds (loss) from dispositions of real estate investments	(11)	1,988
Investments in unconsolidated joint ventures	(840)	(940)
Distributions of investments in unconsolidated joint ventures	1,014	16,757
Other investing activities	(3,357)	(2,555)
Net cash used in investing activities	(3,194)	15,250
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	166,000	76,000
Repayments of senior unsecured revolving line of credit	(54,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Proceeds from issuance of common stock		86,928
Net settlement on issuance of stock-based compensation awards	(425)	(274)
Offering costs for issuance of common stock and OP Units		(1,110)
Net payments relating to intercompany financing	11,801	(74,953)
Redemption of noncontrolling interests	(941)	(796)
Dividends to common stockholders	(49,387)	(45,367)
Distributions to noncontrolling interests	(2,648)	(2,718)
Other financing activity	(2,818)	39
Net cash provided by financing activities	27,582	(4,251)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(2,364)	(17,559)
CASH AND CASH EQUIVALENTS, beginning of period	19,743	28,098
CASH AND CASH EQUIVALENTS, end of period	17,379	10,539
Subsidiary Guarantors [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	109,938	81,107
INVESTING ACTIVITIES:
Real estate acquisitions	(113,880)	(105,874)
Capital expenditures and development activities	(93,995)	(74,687)
Proceeds from casualties and involuntary conversion		349
Other investing activities	4	4
Net cash used in investing activities	(207,871)	(180,208)
FINANCING ACTIVITIES:
Principal payments on mortgage notes	(260)	(4,196)
Net payments relating to intercompany financing	98,193	112,877
Other financing activity		(52)
Net cash provided by financing activities	97,933	108,629
NET CHANGE IN CASH AND CASH EQUIVALENTS		9,528
CASH AND CASH EQUIVALENTS, end of period		9,528
Non-Guarantor Subsidiaries [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	16,836	27,947
INVESTING ACTIVITIES:
Real estate acquisitions	(29,585)	(10,200)
Capital expenditures and development activities	(3,644)	(9,433)
Proceeds (loss) from dispositions of real estate investments	136,199	29,944
Proceeds from casualties and involuntary conversion		142
Other investing activities	(88)	(241)
Net cash used in investing activities	102,882	10,212
FINANCING ACTIVITIES:
Principal payments on mortgage notes	(3,852)	(3,837)
Net payments relating to intercompany financing	(109,994)	(37,924)
Distributions to noncontrolling interests	(337)	(359)
Contributions from noncontrolling interests		101
Net cash provided by financing activities	(114,183)	(42,019)
NET CHANGE IN CASH AND CASH EQUIVALENTS	5,535	(3,860)
CASH AND CASH EQUIVALENTS, beginning of period		4,128
CASH AND CASH EQUIVALENTS, end of period	$ 5,535	$ 268