Duck Creek 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Document And Entity Information [Line Items]
Document type	10-Q
Amendment flag	false
Document Period End Date	Mar. 31, 2016
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	2,016
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		89,934,880
Trading Symbol	dct
DCT Industrial Operating Partnership LP [Member]
Document And Entity Information [Line Items]
Document Period End Date	Mar. 31, 2016
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	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Land	$ 1,011,483	$ 1,009,905
Buildings and improvements	2,991,005	2,886,859
Intangible lease assets	80,921	84,420
Construction in progress	128,700	159,397
Total investment in properties	4,212,109	4,140,581
Less accumulated depreciation and amortization	(775,342)	(742,980)
Net investment in properties	3,436,767	3,397,601
Investments in and advances to unconsolidated joint ventures	83,232	82,635
Net investment in real estate	3,519,999	3,480,236
Cash and cash equivalents	14,230	18,412
Restricted cash	63,598	31,187
Straight-line rent and other receivables, net of allowance for doubtful accounts of $438 and $335 respectively	67,111	60,357
Other assets, net	15,507	15,964
Assets held for sale		26,199
Total assets	3,680,445	3,632,355
Liabilities:
Accounts payable and accrued expenses	96,714	108,788
Distributions payable	27,185	26,938
Tenant prepaids and security deposits	28,882	29,663
Other liabilities	31,082	18,398
Intangible lease liabilities, net	21,170	22,070
Line of credit	161,000	70,000
Senior unsecured notes	1,226,498	1,276,097
Mortgage notes	208,776	210,375
Liabilities related to assets held for sale		869
Total liabilities	$ 1,801,307	$ 1,763,198
Equity/Partners' Capital:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Shares-in-trust, $0.01 par value, 100,000,000 shares authorized, none outstanding	$ 0	$ 0
Common stock, $0.01 par value, 500,000,000 shares authorized 88,591,953 and 88,313,891 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	886	883
Additional paid-in capital	2,773,106	2,766,193
Distributions in excess of earnings	(981,489)	(992,010)
Accumulated other comprehensive loss	(27,452)	(23,082)
Total stockholders’ equity	1,765,051	1,751,984
Noncontrolling interests	114,087	117,173
Total equity	1,879,138	1,869,157
Total liabilities and equity	3,680,445	3,632,355
DCT Industrial Operating Partnership LP [Member]
ASSETS
Land	1,011,483	1,009,905
Buildings and improvements	2,991,005	2,886,859
Intangible lease assets	80,921	84,420
Construction in progress	128,700	159,397
Total investment in properties	4,212,109	4,140,581
Less accumulated depreciation and amortization	(775,342)	(742,980)
Net investment in properties	3,436,767	3,397,601
Investments in and advances to unconsolidated joint ventures	83,232	82,635
Net investment in real estate	3,519,999	3,480,236
Cash and cash equivalents	14,230	18,412
Restricted cash	63,598	31,187
Straight-line rent and other receivables, net of allowance for doubtful accounts of $438 and $335 respectively	67,111	60,357
Other assets, net	15,507	15,964
Assets held for sale		26,199
Total assets	3,680,445	3,632,355
Liabilities:
Accounts payable and accrued expenses	96,714	108,788
Distributions payable	27,185	26,938
Tenant prepaids and security deposits	28,882	29,663
Other liabilities	31,082	18,398
Intangible lease liabilities, net	21,170	22,070
Line of credit	161,000	70,000
Senior unsecured notes	1,226,498	1,276,097
Mortgage notes	208,776	210,375
Liabilities related to assets held for sale		869
Total liabilities	1,801,307	1,763,198
Equity/Partners' Capital:
General Partner: OP Units, 927,144 and 923,532 issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	18,952	18,806
Limited Partners: OP Units, 91,787,281 and 91,429,694 issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	1,876,257	1,861,809
Accumulated other comprehensive loss	(28,728)	(24,137)
Total partners' capital	1,866,481	1,856,478
Noncontrolling interests	12,657	12,679
Total capital	1,879,138	1,869,157
Total liabilities and equity	$ 3,680,445	$ 3,632,355

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Straight-line rent and other receivables, allowance for doubtful accounts	$ 438	$ 335
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	88,591,953	88,313,891
Common stock, shares outstanding	88,591,953	88,313,891
DCT Industrial Operating Partnership LP [Member]
Straight-line rent and other receivables, allowance for doubtful accounts	$ 438	$ 335
General Partner: OP Units issued	927,144	923,532
General Partner: OP Units outstanding	927,144	923,532
Limited Partner: OP Units issued	91,787,281	91,429,694
Limited Partner: OP Units outstanding	91,787,281	91,429,694

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
REVENUES:
Rental revenues	$ 93,977	$ 88,062
Institutional capital management and other fees	393	378
Total revenues	94,370	88,440
OPERATING EXPENSES:
Rental expenses	10,049	10,148
Real estate taxes	14,601	14,505
Real estate related depreciation and amortization	40,070	38,996
General and administrative	6,262	7,336
Total operating expenses	70,982	70,985
Operating income	23,388	17,455
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	884	807
Gain on dispositions of real estate interests	30,097	26,154
Interest expense	(16,422)	(13,904)
Interest and other income (expense)	515	(18)
Income tax expense and other taxes	(116)	(193)
Consolidated net income of DCT Industrial Trust Inc.	38,346	30,301
Net income attributable to noncontrolling interests	(1,955)	(1,556)
Net Income (loss) attributable to common stockholders/OP Unitholders	36,391	28,745
Distributed and undistributed earnings allocated to participating securities	(228)	(143)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 36,163	$ 28,602
EARNINGS PER COMMON SHARE:
Basic	$ 0.41	$ 0.32
Diluted	$ 0.41	$ 0.32
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	88,384	88,090
Diluted	88,750	88,419
Distributions declared per common share	$ 0.29	$ 0.28
DCT Industrial Operating Partnership LP [Member]
REVENUES:
Rental revenues	$ 93,977	$ 88,062
Institutional capital management and other fees	393	378
Total revenues	94,370	88,440
OPERATING EXPENSES:
Rental expenses	10,049	10,148
Real estate taxes	14,601	14,505
Real estate related depreciation and amortization	40,070	38,996
General and administrative	6,262	7,336
Total operating expenses	70,982	70,985
Operating income	23,388	17,455
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	884	807
Gain on dispositions of real estate interests	30,097	26,154
Interest expense	(16,422)	(13,904)
Interest and other income (expense)	515	(18)
Income tax expense and other taxes	(116)	(193)
Consolidated net income of DCT Industrial Trust Inc.	38,346	30,301
Net income attributable to noncontrolling interests	(211)	(153)
Net Income (loss) attributable to common stockholders/OP Unitholders	38,135	30,148
Distributed and undistributed earnings allocated to participating securities	(228)	(143)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 37,907	$ 30,005
EARNINGS PER COMMON SHARE:
Basic	$ 0.41	$ 0.32
Diluted	0.41	0.32
Basic	0.41	0.32
Diluted	$ 0.41	$ 0.32
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	92,620	92,389
Diluted	92,986	92,718
Distributions declared per common share	$ 0.29	$ 0.28

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP	$ 38,346	$ 30,301
Other comprehensive income (loss):
Net derivative loss on cash flow hedging instruments	(6,429)	(513)
Net reclassification adjustment on cash flow hedging instruments	1,742	1,153
Other comprehensive income (loss)	(4,687)	640
Comprehensive income	33,659	30,941
Comprehensive income attributable to noncontrolling interests	(1,638)	(1,511)
Comprehensive income attributable to common stockholders/OP Unitholders	32,021	29,430
DCT Industrial Operating Partnership LP [Member]
Consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP	38,346	30,301
Other comprehensive income (loss):
Net derivative loss on cash flow hedging instruments	(6,429)	(513)
Net reclassification adjustment on cash flow hedging instruments	1,742	1,153
Other comprehensive income (loss)	(4,687)	640
Comprehensive income	33,659	30,941
Comprehensive income attributable to noncontrolling interests	(115)	(100)
Comprehensive income attributable to common stockholders/OP Unitholders	$ 33,544	$ 30,841

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - 3 months ended Mar. 31, 2016 - 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, 2015	$ 1,869,157	$ 883	$ 2,766,193	$ (992,010)	$ (23,082)	$ 117,173
Balance, shares at Dec. 31, 2015	88,313,891	88,314,000
Net income	$ 38,346			36,391		1,955
Other comprehensive loss	(4,687)				(4,370)	(317)
Issuance of common stock, net of offering costs, value	2,832	$ 1	2,831
Issuance of common stock, net of offering costs, shares		75,000
Issuance of common stock, stock-based compensation plans, value	$ (270)		(270)
Issuance of common stock, stock-based compensation plans, shares	41,000	40,000
Amortization of stock-based compensation	$ 1,630		410			1,220
Distributions to common stockholders and noncontrolling interests	(27,379)			(25,870)		(1,509)
Capital contributions from noncontrolling interests	39					39
Redemptions of noncontrolling interests, value	$ (530)	$ 2	3,942			(4,474)
Redemptions of noncontrolling interests, shares	200,000	163,000
Balance, value at Mar. 31, 2016	$ 1,879,138	$ 886	$ 2,773,106	$ (981,489)	$ (27,452)	$ 114,087
Balance, shares at Mar. 31, 2016	88,591,953	88,592,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES:
Net income	$ 38,346	$ 30,301
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	40,070	38,996
Gain on dispositions of real estate interests	(30,097)	(26,154)
Distributions of earnings from unconsolidated joint ventures	1,589	1,486
Equity in earnings of unconsolidated joint ventures, net	(884)	(807)
Stock-based compensation	1,302	1,063
Straight-line rent	(5,464)	(1,587)
Other	1,730	239
Changes in operating assets and liabilities:
Other receivables and other assets	(2,477)	(6,033)
Accounts payable, accrued expenses and other liabilities	955	(3,332)
Net cash provided by operating activities	45,070	34,172
INVESTING ACTIVITIES:
Real estate acquisitions	(104)	(84,139)
Capital expenditures and development activities	(83,271)	(47,543)
Proceeds from dispositions of real estate investments	56,097	85,615
Investments in unconsolidated joint ventures	(2,125)	(91)
Proceeds from casualties and involuntary conversion	556
Distributions of investments in unconsolidated joint ventures	323	710
Change in restricted cash	(33,877)	2
Other investing activities	(1,610)	(815)
Net cash used in investing activities	(64,011)	(46,261)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	106,000	53,000
Repayments of senior unsecured revolving line of credit	(15,000)	(21,000)
Repayments of senior unsecured notes	(50,000)
Principal payments on mortgage notes	(1,175)	(2,253)
Net settlement on issuance of stock-based compensation awards	(270)	(402)
Proceeds from issuance of common stock	2,927
Offering costs for issuance of common stock and OP Units	(95)
Redemption of noncontrolling interests	(530)	(38)
Dividends to common stockholders	(25,634)	(24,673)
Distributions to noncontrolling interests	(1,498)	(1,437)
Contributions from noncontrolling interests	39
Other financing activity	(5)
Net cash provided by financing activities	14,759	3,197
NET CHANGE IN CASH AND CASH EQUIVALENTS	(4,182)	(8,892)
CASH AND CASH EQUIVALENTS, beginning of period	18,412	19,631
CASH AND CASH EQUIVALENTS, end of period	14,230	10,739
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	11,676	10,384
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	7,875	3,262
Redemptions of OP Units settled in shares of common stock	3,944	1,827
Assumption of mortgage notes in connection with real estate acquired		22,958
DCT Industrial Operating Partnership LP [Member]
OPERATING ACTIVITIES:
Net income	38,346	30,301
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	40,070	38,996
Gain on dispositions of real estate interests	(30,097)	(26,154)
Distributions of earnings from unconsolidated joint ventures	1,589	1,486
Equity in earnings of unconsolidated joint ventures, net	(884)	(807)
Stock-based compensation	1,302	1,063
Straight-line rent	(5,464)	(1,587)
Other	1,730	239
Changes in operating assets and liabilities:
Other receivables and other assets	(2,477)	(6,033)
Accounts payable, accrued expenses and other liabilities	955	(3,332)
Net cash provided by operating activities	45,070	34,172
INVESTING ACTIVITIES:
Real estate acquisitions	(104)	(84,139)
Capital expenditures and development activities	(83,271)	(47,543)
Proceeds from dispositions of real estate investments	56,097	85,615
Investments in unconsolidated joint ventures	(2,125)	(91)
Proceeds from casualties and involuntary conversion	556
Distributions of investments in unconsolidated joint ventures	323	710
Change in restricted cash	(33,877)	2
Other investing activities	(1,610)	(815)
Net cash used in investing activities	(64,011)	(46,261)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	106,000	53,000
Repayments of senior unsecured revolving line of credit	(15,000)	(21,000)
Repayments of senior unsecured notes	(50,000)
Principal payments on mortgage notes	(1,175)	(2,253)
Proceeds from the issuance of OP Units in exchange for contributions from the REIT, net	2,832
Net settlement on issuance of stock-based compensation awards	(270)	(402)
OP Unit redemptions	(530)	(38)
Dividends to common stockholders	(26,956)	(25,980)
Distributions to noncontrolling interests	(176)	(130)
Contributions from noncontrolling interests	39
Other financing activity	(5)
Net cash provided by financing activities	14,759	3,197
NET CHANGE IN CASH AND CASH EQUIVALENTS	(4,182)	(8,892)
CASH AND CASH EQUIVALENTS, beginning of period	18,412	19,631
CASH AND CASH EQUIVALENTS, end of period	14,230	10,739
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	11,676	10,384
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	$ 7,875	3,262
Assumption of mortgage notes in connection with real estate acquired		$ 22,958

Consolidated Statement Of Chan8

Consolidated Statement Of Changes In Capital shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)shares
Balance at beginning of period	$ (23,082)
Net income	38,346
Other comprehensive loss	(4,687)
Amortization of stock-based compensation	1,630
Capital contributions from noncontrolling interests	39
Balance at end of period	(27,452)
DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period	1,869,157
Balance at beginning of period	18,806
Balance at beginning of period	1,861,809
Balance at beginning of period	(24,137)
Balance at beginning of period	12,679
Net income	38,346
Other comprehensive loss	(4,687)
Issuance of OP Units, net of selling costs	2,832
Issuance of OP Units, share-based compensation plans	(270)
Amortization of stock-based compensation	1,630
Distributions to OP Unitholders and noncontrolling interests	(27,379)
Capital contributions from noncontrolling interests	39
Redemption of limited partner OP Units, net	(530)
Balance at end of period	1,879,138
Balance at end of period	18,952
Balance at end of period	1,876,257
Balance at end of period	(28,728)
Balance at end of period	12,657
Non-Controlling Interests [Member]
Net income	1,955
Other comprehensive loss	(317)
Amortization of stock-based compensation	1,220
Capital contributions from noncontrolling interests	39
Non-Controlling Interests [Member] | DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period	12,679
Net income	211
Other comprehensive loss	(96)
Distributions to OP Unitholders and noncontrolling interests	(176)
Capital contributions from noncontrolling interests	39
Balance at end of period	12,657
General Partner [Member] | DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period	$ 18,806
Balance at beginning of period, Units | shares	924
Net income	$ 381
Distributions to OP Unitholders and noncontrolling interests	(272)
Conversion of limited partner OP Units to OP Units of general partner	$ 37
Conversion of limited partner OP Units to OP Units of general partner, Units | shares	3
Balance at end of period	$ 18,952
Balance at end of period, Units | shares	927
Limited Partners [Member] | DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period	$ 1,861,809
Balance at beginning of period, Units | shares	91,429
Net income	$ 37,754
Issuance of OP Units, net of selling costs	$ 2,832
Issuance of OP Units, net of selling costs, Units | shares	75
Issuance of OP Units, share-based compensation plans	$ (270)
Issuance of OP Units, share-based compensation plans, Units | shares	300
Amortization of stock-based compensation	$ 1,630
Distributions to OP Unitholders and noncontrolling interests	(26,931)
Redemption of limited partner OP Units, net	$ (530)
Redemption of limited partner OP Units, Units | shares	(14)
Conversion of limited partner OP Units to OP Units of general partner	$ (37)
Conversion of limited partner OP Units to OP Units of general partner, Units | shares	(3)
Balance at end of period	$ 1,876,257
Balance at end of period, Units | shares	91,787
Accumulated Other Comprehensive Loss [Member] | DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period	$ (24,137)
Other comprehensive loss	(4,591)
Balance at end of period	$ (28,728)

Organization

Organization	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016, DCT owned approximately 95.6% of the outstanding equity interests in the Operating Partnership. As of March 31, 2016, the Company owned interests in approximately 71.9 million square feet of properties leased to approximately 900 customers, including: — 63.0 million square feet comprising 394 consolidated operating properties that were 95.8% occupied; — 7.5 million square feet comprising 23 unconsolidated properties that were 94.3% occupied and which we operated on behalf of three institutional capital management partners; — 0.9 million square feet comprising five consolidated properties under redevelopment; and — 0.5 million square feet comprising three consolidated buildings in development. In addition, the Company has 12 projects under construction, including one project in our unconsolidated Stirling Capital Investment joint venture, and several projects in pre-development. See “Note 3 – Investment in Properties" for further details.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
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, 2015 and related notes thereto included in our Form 10-K filed on February 19, 2016. Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements include the financial position, results of operations and cash flows of the Company, the Operating Partnership, their wholly-owned qualified REIT subsidiaries and taxable REIT subsidiaries, and their consolidated joint ventures in which they have a controlling interest. Equity interests in the Operating Partnership held by entities other than DCT are classified within partners’ capital in the Operating Partnership’s financial statements and as noncontrolling interests in DCT’s financial statements. Equity interests in entities consolidated into the Operating Partnership that are held by third parties are reflected in our accompanying balance sheets as noncontrolling interests. We also have noncontrolling partnership interests in unconsolidated institutional capital management and other joint ventures, which are accounted for under the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. We hold interests in both consolidated and unconsolidated joint ventures for the purposes of operating and developing industrial real estate. All joint ventures over which we have financial and operating control, and variable interest entities (“VIEs”) in which we have determined that we are the primary beneficiary, are included in the Consolidated Financial Statements. We use the equity method of accounting for joint ventures 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), our obligation or right to absorb its losses or receive its benefits and our ability to participate in major decisions. If a joint venture does not meet the characteristics of a VIE, we apply the voting interest model to determine whether the entity should be consolidated. Our ability to assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and our financial position and results of operations. We concluded our Operating Partnership meets the criteria of a VIE as the Operating Partnership’s limited partners do not have the right to remove the general partner and do not have substantive participating rights in the operations of the Operating Partnership. Under the Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”), DCT is the primary beneficiary of the Operating Partnership as we have the obligation to absorb losses and receive benefits, and the power to control substantially all of the activities which most significantly impact the economic performance of the Operating Partnership. Accordingly, the Operating Partnership is consolidated within DCT’s financial statements. Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition At the inception of a new lease arrangement, including new leases that arise from amendments, we assess the terms and conditions to determine the proper lease classification. A lease arrangement is classified as an operating lease if none of the following criteria are met: (i) transfer of ownership to the lessee, (ii) lessee has a bargain purchase option during or at the end of the lease term, (iii) the lease term is equal to 75% or more of the underlying property’s economic life, or (iv) the present value of future minimum lease payments (excluding executory costs) are equal to 90% or more of the excess estimated fair value of the leased building. Generally our leases do not meet any of the criteria above and accordingly are classified as operating leases. We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, receivables from tenants that we expect to collect over the remaining lease term are recorded on the balance sheet as straight-line rent receivables. 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 $5.5 million and $1.6 million for the three months ended March 31, 2016 and 2015, respectively. If the lease provides for tenant improvements, we determine whether the tenant improvements are owned by the tenant or us. When we are the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the leased asset until the tenant improvements are substantially complete. When we are the owner of the tenant improvements, any tenant improvements funded by the tenant are treated as lease payments which are deferred and amortized into income over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company is generally the primary obligor and, with respect to purchasing goods and services from third party suppliers, has discretion in selecting the supplier and bears the associated credit risk. Tenant recovery income recognized as “Rental revenues” was approximately $22.2 million and $21.7 million for the three months ended March 31, 2016 and 2015, respectively. We maintain an allowance for estimated losses that may result from the inability of our customers to make required payments. If a customer fails to make contractual payments beyond any allowance, we may recognize additional bad debt expense in future periods equal to the net outstanding balances. In connection with property acquisitions qualifying as business combinations, we may acquire leases with rental rates above or below the market rental rates. Such differences are recorded as an intangible lease asset or liability and amortized to “Rental revenues” over the reasonably assured term of the related leases. We consider a reasonably assured term to be the measurement period equal to the remaining 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 $0.1 million and $0.7 million for the three months ended March 31, 2016 and 2015, respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements. These are included in our Consolidated Statements of Operations in “Institutional capital management and other fees.” We recognize revenues from asset management fees, acquisition fees, property management fees and fees for other services when the related 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 Financial Accounting Standards Boards (“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. In March and April 2016, the FASB issued two ASUs which clarified the implementation guidance, including principal versus agent considerations and identifying performance obligations and licensing. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company 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. We adopted this standard effective January 1, 2016. We concluded the Operating Partnership meets the criteria of a VIE and DCT is the primary beneficiary. Accordingly, we continue to consolidate the Operating Partnership. As the Operating Partnership was previously consolidated, the adoption of the ASU did not result in any changes to our conclusions regarding consolidation or deconsolidation of entities. In February 2016, the FASB issued an ASU that modifies existing accounting standards for lease accounting. The new standard requires a lessee to record an asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. The new standard requires lessors to account for leases using an approach that is substantially the same as existing guidance for sales-type leases, direct financing leases and operating leases. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption permitted for fiscal years beginning after December 15, 2016. The standard requires a modified retrospective transition approach for all capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with an option to use certain transition relief. The Company expects this guidance to impact our Consolidated Financial Statements and is in the process of evaluating whether the effect will be material. In March 2016, the FASB issued an ASU that simplifies the accounting for share-based payment transactions, including income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The adoption of this guidance will not have a significant impact on the Company’s Consolidated Financial Statements.

Investment In Properties

Investment In Properties	3 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Investment In Properties	Note 3 – Investment in Properties Our consolidated investment in properties consists of operating properties, properties under development, properties in pre-development, redevelopment properties and land held for future development or other purposes. The historical cost of our investment in properties was (in thousands): March 31, December 31, 2016 2015 Operating properties $ 3,908,299 $ 3,791,721 Properties under development 206,299 242,906 Properties in pre-development 30,631 41,313 Properties under redevelopment 59,182 56,943 Land held 7,698 7,698 Total investment in properties 4,212,109 4,140,581 Less accumulated depreciation and amortization (775,342 ) (742,980 ) Net investment in properties $ 3,436,767 $ 3,397,601 Development Activity Our properties under development include the following: — Three buildings totaling 0.5 million square feet are currently in lease-up as shell-complete activities have been completed as of March 31, 2016, including one building totaling 0.1 million square feet that was shell-complete upon acquisition. These properties are 62.2% leased based on weighted average square feet; and — Twelve projects are under construction, including one project in our unconsolidated Stirling Capital Investment joint venture, totaling 3.6 million square feet. Disposition Activity During the three months ended March 31, 2016, we sold four consolidated operating properties totaling 0.8 million square feet from our Houston and Louisville markets to third-parties for gross proceeds of approximately $57.2 million. We recognized gains of approximately $30.1 million on the disposition of these four 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 $3.2 million and $3.9 million for the three months ended March 31, 2016 and 2015, respectively. Our intangible lease assets and liabilities included the following (in thousands): March 31, 2016 December 31, 2015 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 76,779 $ (36,214 ) $ 40,565 $ 79,718 $ (35,993 ) $ 43,725 Above market rent $ 4,142 $ (1,910 ) $ 2,232 $ 4,702 $ (2,280 ) $ 2,422 Below market rent $ (31,100 ) $ 9,930 $ (21,170 ) $ (31,565 ) $ 9,495 $ (22,070 )

Investments In And Advances To

Investments In And Advances To Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2016
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 (dollars in thousands): As of March 31, 2016 Investments in and Advances to as of Ownership Number of March 31, December 31, Unconsolidated Joint Ventures Percentage Buildings 2016 2015 Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 38,130 $ 38,153 TRT-DCT Venture III 10.0 % 4 1,957 1,972 Total Institutional Joint Ventures 17 40,087 40,125 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 6 43,145 42,510 Total 23 $ 83,232 $ 82,635 (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 do not believe we have any material exposure to financial guarantees.

Financial Instruments And Hedgi

Financial Instruments And Hedging Activities	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Financial Instruments And Hedging Activities	Note 5 – Financial Instruments and Hedging Activities Fair Value of Financial Instruments As of March 31, 2016 and December 31, 2015, the fair values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximated their carrying values due to the short-term nature of settlement of these instruments. The fair values of other financial instruments subject to fair value disclosures were determined based on available market information and valuation methodologies we believe to be appropriate estimates for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates. Our estimates may differ from the actual amounts that we could realize upon disposition. The following table summarizes these financial instruments (in thousands): As of March 31, 2016 As of December 31, 2015 Carrying Estimated Carrying Estimated Amounts Fair Value Amounts Fair Value Borrowings (1) Senior unsecured revolving credit facility $ 161,000 $ 161,000 $ 70,000 $ 70,000 Fixed rate debt (2) $ 1,217,038 $ 1,286,792 $ 1,268,596 $ 1,310,388 Variable rate debt $ 225,000 $ 222,797 $ 225,000 $ 222,649 Interest rate contracts: Interest rate swap asset (liability) (3) $ (6,341 ) $ (6,341 ) $ 219 $ 219 (1) The fair values of our borrowings were estimated using a discounted cash flow methodology. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values. (2) The carrying amount of our fixed rate debt includes premiums and discounts and excludes deferred loan costs. (3) The fair value of our interest rate swap 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, net” or “Other liabilities,” respectively, in our Consolidated Balance Sheets. The following table presents a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). 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 months ended March 31, 2016 and 2015. During the Three Months Ended March 31, 2016 2015 Level 3 Assets (Liabilities): Interest Rate Swaps: Beginning balance at January 1 $ 219 $ (167 ) Net unrealized loss included in accumulated other comprehensive loss (6,154 ) (149 ) Realized loss recognized in interest expense (406 ) 37 Ending balance at March 31 $ (6,341 ) $ (279 ) 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 interest rate 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 March 31, 2016 and December 31, 2015, we had borrowings payable subject to these pay-fixed, receive-floating interest rate swaps with aggregate principal balances of approximately $6.8 million. During December 2015, we entered into a pay-fixed, receive-floating interest rate swap to hedge the variability of future cash flows attributable to changes in the 1 month LIBOR rates on our $200.0 million unsecured term loan. The pay-fixed, receive-floating interest rate swap has an effective date of December 2015 and a maturity date of December 2022. The interest rate swap effectively fixes the interest rate on the related debt instrument at 3.31%, however, there is no floor on the variable interest rate of the swap whereas the current variable-rate debt is subject to a 0.0% floor. In the event that US LIBOR is negative, the Company will make payments to the hedge counterparty equal to the spread between US LIBOR and zero. During the three months ended March 31, 2016, we recorded $1.1 million of hedge ineffectiveness in earnings attributable to a zero percent floor mismatch in the hedging relationships (i.e., there is no floor on the variable interest rate of the swap whereas the current variable-rate debt from which the hedged forecasted transactions are expected to flow is subject to a zero percent floor on the USD-LIBOR component of the interest rate). As of March 31, 2016 and December 31, 2015, we had borrowings payable subject to this pay-fixed, receive-floating interest rate swap with aggregate principal balances of approximately $200.0 million. The following table presents the effect of our derivative financial instruments on our accompanying Consolidated Financial Statements (in thousands): For the Three Months Ended March 31, 2016 2015 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of loss recognized in OCI for effective portion of derivatives $ (6,429 ) $ (513 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,742 ) $ (1,153 ) Amount of loss recognized in interest expense (ineffective portion $ (1,063 ) $ - 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 $6.5 million will be reclassified from “Accumulated other comprehensive loss” to “Interest expense” resulting in an increase in interest expense.

Outstanding Indebtedness

Outstanding Indebtedness	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Outstanding Indebtedness	Note 6 – Outstanding Indebtedness As of March 31, 2016, our outstanding indebtedness of approximately $1.6 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $35.6 million representing our proportionate share of debt associated with unconsolidated joint ventures. As of December 31, 2015, our outstanding indebtedness of approximately $1.6 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $35.7 million representing our proportionate share of debt associated with unconsolidated joint ventures. As of March 31, 2016, the gross book value of our consolidated properties was approximately $4.2 billion and the gross book value of all properties securing our mortgage debt was approximately $0.6 billion. As of December 31, 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 $0.6 billion. Our debt has various covenants with which we were in compliance as of March 31, 2016 and December 31, 2015. Line of Credit As of March 31, 2016, we had $161.0 million outstanding and $235.5 million available under our $400.0 million senior unsecured revolving credit facility, net of one letter of credit totaling $3.5 million. As of December 31, 2015, we had $70.0 million outstanding and $326.5 million available under our $400.0 million senior unsecured revolving credit facility, net of one letter of credit totaling $3.5 million. Debt Payoffs During February 2016, we paid-off a $50.0 million senior unsecured fixed rate note at par maturing in April 2016 using proceeds from our senior unsecured revolving credit facility. Guarantee of Debt DCT has guaranteed the Operating Partnership’s obligations with respect to the senior unsecured notes and the bank unsecured credit facilities.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2016
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.” Operating Partnership Equity interests in the Operating Partnership held by third-parties and LTIP Units, as defined in “Note 8 – Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership,” are classified as permanent equity of the Operating Partnership and as noncontrolling interests of DCT in the Consolidated Balance Sheets .

Stockholders' Equity of DCT and

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	3 Months Ended
	Mar. 31, 2016
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 DCT Common Stock As of March 31, 2016, approximately 88.6 million shares of common stock were issued and outstanding. On September 10, 2015, we registered a continuous equity offering program to replace our continuous equity offering program previously registered on May 29, 2013. Pursuant to this offering, we may sell up to five million shares of common stock from time-to-time through September 10, 2018 in “at-the-market” offerings or certain other transactions. We intend to use the proceeds for general corporate purposes, which may include funding acquisitions, development or redevelopment and repaying debt. During the three months ended March 31, 2016, we issued approximately 0.1 million shares through the continuous equity offering program, at an average price of $39.03 per share for proceeds of approximately $2.8 million, net of offering expenses. As of March 31, 2016, approximately 4.9 million shares remain available to be issued under the current offering. We did not issue any shares under the current or previously registered offering program during 2015. During the three months ended March 31, 2016 and 2015, we issued approximately 41,000 and 82,000 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 March 31, 2016 and December 31, 2015, DCT owned approximately 95.6% of the outstanding equity interests in the Operating Partnership. The remaining common partnership interests in the Operating Partnership were owned by executives of the Company and non-affiliated limited partners. DCT holds its interests through both general and limited partner units. The Partnership Agreement stipulates 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 three months ended March 31, 2016 and 2015, approximately 0.2 million and 0.1 million OP Units were redeemed for approximately $0.5 million and $38,000 in cash and approximately 0.2 million and 0.1 million shares of DCT common stock, respectively. As of March 31, 2016 and December 31, 2015, approximately 4.1 million and 4.0 million OP Units were issued, outstanding and held by entities other than DCT, including approximately 0.7 million and 0.6 million vested LTIP Units issued under our Long-Term Incentive Plan, respectively. As of March 31, 2016 and December 31, 2015, the aggregate redemption value of the then-outstanding OP Units held by entities other than DCT was approximately $162.7 million and $150.9 million based on the $39.47 and $37.37 per share closing price of DCT’s common stock on March 31, 2016 and December 31, 2015, 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. 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 three months ended March 31, 2016, we granted approximately 0.1 million shares of restricted stock to certain officers and employees at the weighted average fair market value of $36.20 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 three months ended March 31, 2016, 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 $6.3 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 23% and risk-free interest rate of 1.28%. During the three months ended March 31, 2016, there were approximately 53,000 vested LTIP Units converted into approximately 53,000 common shares and approximately 13,000 LTIP Units were redeemed for approximately $0.5 million in cash. As of March 31, 2016, approximately 1.2 million LTIP Units were outstanding of which approximately 0.7 million were vested. During the three months ended March 31, 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 three months ended March 31, 2015, approximately 5,000 vested LTIP Units were converted into approximately 5,000 common shares. As of March 31, 2015, approximately 1.1 million LTIP Units were outstanding of which approximately 0.6 million were vested.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 – Related Party Transactions 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 a former executive 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	3 Months Ended
	Mar. 31, 2016
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 presents the computation of basic and diluted earnings per common share (in thousands, except per share amounts): For the Three Months Ended March 31, 2016 2015 Earnings per Common Share – Basic and Diluted Numerator Net income attributable to common stockholders $ 36,391 $ 28,745 Less: Distributed and undistributed earnings allocated to participating securities (228 ) (143 ) Numerator for adjusted net income attributable to common stockholders $ 36,163 $ 28,602 Denominator Weighted average common shares outstanding – basic 88,384 88,090 Effect of dilutive securities: Stock options and phantom stock 366 329 Weighted average common shares outstanding – diluted 88,750 88,419 EARNINGS PER COMMON SHARE: Basic $ 0.41 $ 0.32 Diluted $ 0.41 $ 0.32 Operating Partnership The following table presents the computation of basic and diluted earnings per common unit (in thousands, except per unit amounts): For the Three Months Ended March 31, 2016 2015 Earnings per OP Unit – Basic and Diluted Numerator Net income attributable to OP Unitholders $ 38,135 $ 30,148 Less: Distributed and undistributed earnings allocated to participating securities (228 ) (143 ) Numerator for adjusted net income attributable to OP Unitholders $ 37,907 $ 30,005 Denominator Weighted average OP Units outstanding – basic 92,620 92,389 Effect of dilutive securities: Stock options and phantom stock 366 329 Weighted average OP Units outstanding – diluted 92,986 92,718 EARNINGS PER OP UNIT: Basic $ 0.41 $ 0.32 Diluted $ 0.41 $ 0.32 DCT and the Operating Partnership Potentially Dilutive Shares For the three months ended March 31, 2016 and 2015, DCT excluded from diluted earnings per share the weighted average common share equivalents related to 4.2 million and 4.3 million OP Units, respectively, because their effect would be anti-dilutive.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
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. The following table presents our total assets, net of accumulated depreciation and amortization, by segment (in thousands): As of March 31, 2016 As of December 31, 2015 Segments: East assets $ 1,051,873 $ 1,034,869 Central assets 1,079,379 1,092,315 West assets 1,379,198 1,365,471 Total segment net assets 3,510,450 3,492,655 Non-segment assets: Non-segment cash and cash equivalents 12,736 15,860 Other non-segment assets (1) 157,259 123,840 Total assets $ 3,680,445 $ 3,632,355 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, restricted cash, other receivables and other assets. The following table presents the rental revenues of our segments and a reconciliation of our segment rental revenues to our reported consolidated total revenues (in thousands): For the Three Months Ended March 31, 2016 2015 East $ 29,627 $ 27,452 Central 30,794 32,683 West 33,556 27,927 Rental revenues 93,977 88,062 Institutional capital management and other fees 393 378 Total revenues $ 94,370 $ 88,440 The following table presents property net operating income (“NOI”) of our segments and a reconciliation of our property NOI to our reported “Net income attributable to common stockholders” (in thousands): For the Three Months Ended March 31, 2016 2015 East $ 22,073 $ 19,670 Central 21,213 22,276 West 26,041 21,463 Property NOI (1) 69,327 63,409 Institutional capital management and other fees 393 378 Gain on dispositions of real estate interests 30,097 26,154 Real estate related depreciation and amortization (40,070 ) (38,996 ) General and administrative (6,262 ) (7,336 ) Equity in earnings of unconsolidated joint ventures, net 884 807 Interest expense (16,422 ) (13,904 ) Interest and other income (expense) 515 (18 ) Income tax expense and other taxes (116 ) (193 ) Net income attributable to noncontrolling interests of the Operating Partnership (211 ) (153 ) Net income attributable to OP Unitholders 38,135 30,148 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. (1,744 ) (1,403 ) Net income attributable to common stockholders $ 36,391 $ 28,745 (1) Property net operating income (“property NOI”) is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gain (loss), impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income and income tax expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 12 – 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 or nonrecognized subsequent events were noted.

Summary Of Significant Accoun21

Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
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, 2015 and related notes thereto included in our Form 10-K filed on February 19, 2016.
Basis Of Presentation And Principles Of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements include the financial position, results of operations and cash flows of the Company, the Operating Partnership, their wholly-owned qualified REIT subsidiaries and taxable REIT subsidiaries, and their consolidated joint ventures in which they have a controlling interest. Equity interests in the Operating Partnership held by entities other than DCT are classified within partners’ capital in the Operating Partnership’s financial statements and as noncontrolling interests in DCT’s financial statements. Equity interests in entities consolidated into the Operating Partnership that are held by third parties are reflected in our accompanying balance sheets as noncontrolling interests. We also have noncontrolling partnership interests in unconsolidated institutional capital management and other joint ventures, which are accounted for under the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. We hold interests in both consolidated and unconsolidated joint ventures for the purposes of operating and developing industrial real estate. All joint ventures over which we have financial and operating control, and variable interest entities (“VIEs”) in which we have determined that we are the primary beneficiary, are included in the Consolidated Financial Statements. We use the equity method of accounting for joint ventures 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), our obligation or right to absorb its losses or receive its benefits and our ability to participate in major decisions. If a joint venture does not meet the characteristics of a VIE, we apply the voting interest model to determine whether the entity should be consolidated. Our ability to assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and our financial position and results of operations. We concluded our Operating Partnership meets the criteria of a VIE as the Operating Partnership’s limited partners do not have the right to remove the general partner and do not have substantive participating rights in the operations of the Operating Partnership. Under the Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”), DCT is the primary beneficiary of the Operating Partnership as we have the obligation to absorb losses and receive benefits, and the power to control substantially all of the activities which most significantly impact the economic performance of the Operating Partnership. Accordingly, the Operating Partnership is consolidated within DCT’s financial statements.
Use Of Estimates	Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition At the inception of a new lease arrangement, including new leases that arise from amendments, we assess the terms and conditions to determine the proper lease classification. A lease arrangement is classified as an operating lease if none of the following criteria are met: (i) transfer of ownership to the lessee, (ii) lessee has a bargain purchase option during or at the end of the lease term, (iii) the lease term is equal to 75% or more of the underlying property’s economic life, or (iv) the present value of future minimum lease payments (excluding executory costs) are equal to 90% or more of the excess estimated fair value of the leased building. Generally our leases do not meet any of the criteria above and accordingly are classified as operating leases. We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, receivables from tenants that we expect to collect over the remaining lease term are recorded on the balance sheet as straight-line rent receivables. 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 $5.5 million and $1.6 million for the three months ended March 31, 2016 and 2015, respectively. If the lease provides for tenant improvements, we determine whether the tenant improvements are owned by the tenant or us. When we are the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the leased asset until the tenant improvements are substantially complete. When we are the owner of the tenant improvements, any tenant improvements funded by the tenant are treated as lease payments which are deferred and amortized into income over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company is generally the primary obligor and, with respect to purchasing goods and services from third party suppliers, has discretion in selecting the supplier and bears the associated credit risk. Tenant recovery income recognized as “Rental revenues” was approximately $22.2 million and $21.7 million for the three months ended March 31, 2016 and 2015, respectively. We maintain an allowance for estimated losses that may result from the inability of our customers to make required payments. If a customer fails to make contractual payments beyond any allowance, we may recognize additional bad debt expense in future periods equal to the net outstanding balances. In connection with property acquisitions qualifying as business combinations, we may acquire leases with rental rates above or below the market rental rates. Such differences are recorded as an intangible lease asset or liability and amortized to “Rental revenues” over the reasonably assured term of the related leases. We consider a reasonably assured term to be the measurement period equal to the remaining 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 $0.1 million and $0.7 million for the three months ended March 31, 2016 and 2015, respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other third-party agreements. These are included in our Consolidated Statements of Operations in “Institutional capital management and other fees.” We recognize revenues from asset management fees, acquisition fees, property management fees and fees for other services when the related 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 Financial Accounting Standards Boards (“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. In March and April 2016, the FASB issued two ASUs which clarified the implementation guidance, including principal versus agent considerations and identifying performance obligations and licensing. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company 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. We adopted this standard effective January 1, 2016. We concluded the Operating Partnership meets the criteria of a VIE and DCT is the primary beneficiary. Accordingly, we continue to consolidate the Operating Partnership. As the Operating Partnership was previously consolidated, the adoption of the ASU did not result in any changes to our conclusions regarding consolidation or deconsolidation of entities. In February 2016, the FASB issued an ASU that modifies existing accounting standards for lease accounting. The new standard requires a lessee to record an asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. The new standard requires lessors to account for leases using an approach that is substantially the same as existing guidance for sales-type leases, direct financing leases and operating leases. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption permitted for fiscal years beginning after December 15, 2016. The standard requires a modified retrospective transition approach for all capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with an option to use certain transition relief. The Company expects this guidance to impact our Consolidated Financial Statements and is in the process of evaluating whether the effect will be material. In March 2016, the FASB issued an ASU that simplifies the accounting for share-based payment transactions, including income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The adoption of this guidance will not have a significant impact on the Company’s Consolidated Financial Statements.

Investment In Properties (Table

Investment In Properties (Tables)	3 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Schedule Of Investment In Properties	March 31, December 31, 2016 2015 Operating properties $ 3,908,299 $ 3,791,721 Properties under development 206,299 242,906 Properties in pre-development 30,631 41,313 Properties under redevelopment 59,182 56,943 Land held 7,698 7,698 Total investment in properties 4,212,109 4,140,581 Less accumulated depreciation and amortization (775,342 ) (742,980 ) Net investment in properties $ 3,436,767 $ 3,397,601
Schedule Of Intangible Lease Assets And Liabilities	Our intangible lease assets and liabilities included the following (in thousands): March 31, 2016 December 31, 2015 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 76,779 $ (36,214 ) $ 40,565 $ 79,718 $ (35,993 ) $ 43,725 Above market rent $ 4,142 $ (1,910 ) $ 2,232 $ 4,702 $ (2,280 ) $ 2,422 Below market rent $ (31,100 ) $ 9,930 $ (21,170 ) $ (31,565 ) $ 9,495 $ (22,070 )

Investments In And Advances T23

Investments In And Advances To Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2016
Equity Method Investments And Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	The following table summarizes our unconsolidated joint ventures (dollars in thousands): As of March 31, 2016 Investments in and Advances to as of Ownership Number of March 31, December 31, Unconsolidated Joint Ventures Percentage Buildings 2016 2015 Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 38,130 $ 38,153 TRT-DCT Venture III 10.0 % 4 1,957 1,972 Total Institutional Joint Ventures 17 40,087 40,125 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 6 43,145 42,510 Total 23 $ 83,232 $ 82,635 (1)

Financial Instruments And Hed24

Financial Instruments And Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Summary Of Financial Instruments	As of March 31, 2016 As of December 31, 2015 Carrying Estimated Carrying Estimated Amounts Fair Value Amounts Fair Value Borrowings (1) Senior unsecured revolving credit facility $ 161,000 $ 161,000 $ 70,000 $ 70,000 Fixed rate debt (2) $ 1,217,038 $ 1,286,792 $ 1,268,596 $ 1,310,388 Variable rate debt $ 225,000 $ 222,797 $ 225,000 $ 222,649 Interest rate contracts: Interest rate swap asset (liability) (3) $ (6,341 ) $ (6,341 ) $ 219 $ 219 (1) The fair values of our borrowings were estimated using a discounted cash flow methodology. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values. (2) The carrying amount of our fixed rate debt includes premiums and discounts and excludes deferred loan costs. (3) The fair value of our interest rate swap 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, net” or “Other liabilities,” respectively, in our Consolidated Balance Sheets.
Reconciliation Of Assets And Liabilities Measured At Fair Value On Recurring Basis Using Unobservable Inputs	During the Three Months Ended March 31, 2016 2015 Level 3 Assets (Liabilities): Interest Rate Swaps: Beginning balance at January 1 $ 219 $ (167 ) Net unrealized loss included in accumulated other comprehensive loss (6,154 ) (149 ) Realized loss recognized in interest expense (406 ) 37 Ending balance at March 31 $ (6,341 ) $ (279 )
Schedule Of Derivative Financial Instruments On Financial Statements	For the Three Months Ended March 31, 2016 2015 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of loss recognized in OCI for effective portion of derivatives $ (6,429 ) $ (513 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,742 ) $ (1,153 ) Amount of loss recognized in interest expense (ineffective portion $ (1,063 ) $ -

Earnings Per Share_Unit (Tables

Earnings Per Share/Unit (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	For the Three Months Ended March 31, 2016 2015 Earnings per Common Share – Basic and Diluted Numerator Net income attributable to common stockholders $ 36,391 $ 28,745 Less: Distributed and undistributed earnings allocated to participating securities (228 ) (143 ) Numerator for adjusted net income attributable to common stockholders $ 36,163 $ 28,602 Denominator Weighted average common shares outstanding – basic 88,384 88,090 Effect of dilutive securities: Stock options and phantom stock 366 329 Weighted average common shares outstanding – diluted 88,750 88,419 EARNINGS PER COMMON SHARE: Basic $ 0.41 $ 0.32 Diluted $ 0.41 $ 0.32
DCT Industrial Operating Partnership LP [Member] | Common Units [Member]
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	For the Three Months Ended March 31, 2016 2015 Earnings per OP Unit – Basic and Diluted Numerator Net income attributable to OP Unitholders $ 38,135 $ 30,148 Less: Distributed and undistributed earnings allocated to participating securities (228 ) (143 ) Numerator for adjusted net income attributable to OP Unitholders $ 37,907 $ 30,005 Denominator Weighted average OP Units outstanding – basic 92,620 92,389 Effect of dilutive securities: Stock options and phantom stock 366 329 Weighted average OP Units outstanding – diluted 92,986 92,718 EARNINGS PER OP UNIT: Basic $ 0.41 $ 0.32 Diluted $ 0.41 $ 0.32

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment	The following table presents our total assets, net of accumulated depreciation and amortization, by segment (in thousands): As of March 31, 2016 As of December 31, 2015 Segments: East assets $ 1,051,873 $ 1,034,869 Central assets 1,079,379 1,092,315 West assets 1,379,198 1,365,471 Total segment net assets 3,510,450 3,492,655 Non-segment assets: Non-segment cash and cash equivalents 12,736 15,860 Other non-segment assets (1) 157,259 123,840 Total assets $ 3,680,445 $ 3,632,355 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, restricted cash, other receivables and other assets.
Reconciliation Of Segment Rental Revenues To Consolidated Entity	The following table presents the rental revenues of our segments and a reconciliation of our segment rental revenues to our reported consolidated total revenues (in thousands): For the Three Months Ended March 31, 2016 2015 East $ 29,627 $ 27,452 Central 30,794 32,683 West 33,556 27,927 Rental revenues 93,977 88,062 Institutional capital management and other fees 393 378 Total revenues $ 94,370 $ 88,440
Reconciliation Of Property Net Operating Income To Consolidated Entity	The following table presents property net operating income (“NOI”) of our segments and a reconciliation of our property NOI to our reported “Net income attributable to common stockholders” (in thousands): For the Three Months Ended March 31, 2016 2015 East $ 22,073 $ 19,670 Central 21,213 22,276 West 26,041 21,463 Property NOI (1) 69,327 63,409 Institutional capital management and other fees 393 378 Gain on dispositions of real estate interests 30,097 26,154 Real estate related depreciation and amortization (40,070 ) (38,996 ) General and administrative (6,262 ) (7,336 ) Equity in earnings of unconsolidated joint ventures, net 884 807 Interest expense (16,422 ) (13,904 ) Interest and other income (expense) 515 (18 ) Income tax expense and other taxes (116 ) (193 ) Net income attributable to noncontrolling interests of the Operating Partnership (211 ) (153 ) Net income attributable to OP Unitholders 38,135 30,148 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. (1,744 ) (1,403 ) Net income attributable to common stockholders $ 36,391 $ 28,745 (1) Property net operating income (“property NOI”) is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gain (loss), impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income and income tax expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Organization (Narrative) (Detai

Organization (Narrative) (Details) ft² in Millions	Mar. 31, 2016ft²customerpropertyBuildingsPartner	Dec. 31, 2015
Organization [Line Items]
Square feet of properties | ft²	71.9
Number of customers leased | customer	900
Consolidated Operating Properties [Member]
Organization [Line Items]
Square feet of properties | ft²	63
Number of properties | property	394
Occupancy rate	95.80%
Unconsolidated Properties [Member]
Organization [Line Items]
Square feet of properties | ft²	7.5
Number of properties | property	23
Occupancy rate	94.30%
Number of institutional partners | Partner	3
Redevelopment [Member]
Organization [Line Items]
Square feet of properties | ft²	0.9
Number of properties | property	5
Buildings In Development [Member]
Organization [Line Items]
Square feet of properties | ft²	0.5
Number of properties | property	3
Projects Under Construction [Member]
Organization [Line Items]
Number of properties | property	12
Projects Under Construction [Member] | Stirling Capital Investments (SCLA) [Member]
Organization [Line Items]
Number of properties | Buildings	1
DCT Industrial Operating Partnership LP [Member]
Organization [Line Items]
Percentage of outstanding equity ownership interest	95.60%	95.60%

Summary Of Significant Accoun28

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment	$ 5,464	$ 1,587
Minimum [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of lease term to underlying property's economic life	75.00%
Percentage of present value of future minimum lease payments to estimated fair value of leased building(excluding executory costs)	90.00%
Continuing Operations [Member]
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment	$ 5,500	1,600
Tenant recovery	22,200	21,700
Increase (decrease) on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations	700	800
Increase on rental revenues due to early lease terminations fees	$ 100	$ 700

Investment In Properties (Sched

Investment In Properties (Schedule Of Investment In Properties) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Operating properties	$ 3,908,299	$ 3,791,721
Properties under development	206,299	242,906
Properties in pre-development	30,631	41,313
Properties under redevelopment	59,182	56,943
Land held	7,698	7,698
Total investment in properties	4,212,109	4,140,581
Less accumulated depreciation and amortization	(775,342)	(742,980)
Net investment in properties	$ 3,436,767	$ 3,397,601

Investment In Properties (Narra

Investment In Properties (Narrative) (Details) ft² in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)ft²propertyBuildingsProjects	Mar. 31, 2015USD ($)
Real Estate Properties [Line Items]
Square feet of properties	71.9
Aggregate amortization expense for intangible lease assets | $	$ 3.2	$ 3.9
Disposition Activity [Member]
Real Estate Properties [Line Items]
Square feet of properties	0.8
Number of real estate properties sold | property	4
Proceeds from dispositions of real estate investments | $	$ 57.2
Gain on sale of property | $	$ 30.1
Number of properties resulting in gain from sale | property	4
Development Activity [Member]
Real Estate Properties [Line Items]
Number of buildings in development | Buildings	3
Square feet of properties	0.5
Weighted Average Lease Percentage	62.20%
Development in process | Projects	12
Area of real estate property under construction	3.6
Development Activity [Member] | Stirling Capital Investments (SCLA) [Member]
Real Estate Properties [Line Items]
Development in process | Projects	1
Development Activity [Member] | Shell-complete [Member]
Real Estate Properties [Line Items]
Number of buildings in development | Buildings	1
Square feet of properties	0.1

Investment In Properties (Sch31

Investment In Properties (Schedule Of Intangible Lease Assets And Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Finite Lived Intangible Assets And Liabilities [Line Items]
Below market rent, Gross	$ (31,100)	$ (31,565)
Below market rent, Accumulated Amortization	9,930	9,495
Below market rent, Net	(21,170)	(22,070)
Other Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	76,779	79,718
Accumulated Amortization	(36,214)	(35,993)
Net	40,565	43,725
Above Market Rent [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	4,142	4,702
Accumulated Amortization	(1,910)	(2,280)
Net	$ 2,232	$ 2,422

Investments In And Advances T32

Investments In And Advances To Unconsolidated Joint Ventures (Investments In And Advances To Unconsolidated Joint Ventures) (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2016USD ($)property	Dec. 31, 2015USD ($)
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		23
Investments in and advances to unconsolidated joint ventures | $		$ 83,232	$ 82,635
Percentage of initial cash equity capital		100.00%
Profit loss sharing percentage		50.00%
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 | $		$ 38,130	38,153
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 | $		$ 1,957	1,972
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]	$ 43,145	42,510
Institutional Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		17
Investments in and advances to unconsolidated joint ventures | $		$ 40,087	$ 40,125
[1]	Although we contributed 100% of the initial cash equity capital required by the venture, after return of certain preferential distributions on capital invested, profits and losses are generally split 50/50.

Financial Instruments And Hed33

Financial Instruments And Hedging Activities (Summary Of Financial Instruments) (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts		$ 161,000	$ 70,000
Carrying Amounts		1,600,000	1,600,000
Interest rate swap asset (liability), Carrying Amount	[1]	(6,341)	219
Interest Rate Swaps [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate swap asset (liability), Estimated Fair Value	[1]	(6,341)	219
Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2]	161,000	70,000
Estimated Fair Value	[2]	161,000	70,000
Fixed Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2],[3]	1,217,038	1,268,596
Estimated Fair Value	[2],[3]	1,286,792	1,310,388
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]	$ 222,797	$ 222,649
[1]	The fair value of our interest rate swap 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, net” 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 and excludes deferred loan costs.

Financial Instruments And Hed34

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	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance at January 1	$ 219	$ (167)
Net unrealized loss included in accumulated other comprehensive loss	(6,154)	(149)
Realized loss recognized in interest expense	(406)	37
Ending balance at March 31	$ (6,341)	$ (279)

Financial Instruments And Hed35

Financial Instruments And Hedging Activities (Narrative) (Details) $ in Millions	1 Months Ended		3 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Jun. 30, 2013Contract	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Estimated amount that will be reclassified from accumulated other comprehensive loss to interest expenses			$ 6.5
Variable Rate Debt [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Debt instrument, floor rate	0.00%			0.00%
Interest Rate Swaps [Member] | Designated to Hedge 1 Month LIBOR Rate Debt Instruments [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of pay-fixed, receive-floating interest rate swaps | Contract		2
Maturity date		Jun. 1, 2023
Effective date		Jun. 1, 2013
Fixed interest rate		4.72%
Notional amount of non derivative Instruments			6.8	$ 6.8
Interest Rate Swaps [Member] | Designated to Hedge 1 Month LIBOR Rate Unsecured Term Loan [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Maturity date	Dec. 1, 2022
Effective date	Dec. 1, 2015
Notional amount of non derivative Instruments			200	200
Debt instrument, face value	$ 200			$ 200
Fixed interest rate	3.31%			3.31%
Derivative instruments ineffectiveness			$ 1.1

Financial Instruments And Hed36

Financial Instruments And Hedging Activities (Schedule Of Derivative Financial Instruments On Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of loss recognized in OCI for effective portion of derivatives	$ (6,429)	$ (513)
Interest Rate Swaps [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of loss recognized in OCI for effective portion of derivatives	(6,429)	(513)
Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net	(1,742)	$ (1,153)
Amount of loss recognized in interest expense (ineffective portion and amount excluded from effectiveness testing)	$ (1,063)

Outstanding Indebtedness (Narra

Outstanding Indebtedness (Narrative) (Details)		1 Months Ended
		Feb. 29, 2016USD ($)	Mar. 31, 2016USD ($)Credit	Dec. 31, 2015USD ($)Credit
Debt Instrument [Line Items]
Outstanding indebtedness			$ 1,600,000,000	$ 1,600,000,000
Proportionate share of debt associated with unconsolidated joint ventures			35,600,000	35,700,000
Total investment in properties			4,212,109,000	4,140,581,000
Total bank unsecured credit facilities			161,000,000	70,000,000
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total bank unsecured credit facilities	[1]		161,000,000	70,000,000
Senior unsecured facility, available			235,500,000	326,500,000
Senior unsecured facility, maximum borrowing capacity			400,000,000	400,000,000
Letters of Credit Outstanding			$ 3,500,000	$ 3,500,000
Number of letter of credits | Credit			1	1
Senior Unsecured Note [Member]
Debt Instrument [Line Items]
Repayments of senior unsecured note		$ 50,000,000
Debt instrument, maturity date		Apr. 30, 2016
Mortgage Loans On Real Estate [Member]
Debt Instrument [Line Items]
Total investment in properties			$ 600,000,000	$ 600,000,000
[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.

Stockholders' Equity of DCT a38

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership (Narrative) (Details) - USD ($)	Sep. 10, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Stockholders Equity [Line Items]
Common stock, shares issued		88,591,953		88,313,891
Common stock, shares outstanding		88,591,953		88,313,891
Proceeds from issuance of common stock		$ 2,927,000
Shares issued for vested restricted stock and phantoms shares and options exercised		41,000	82,000
Common stock issued on redemption of OP Units		200,000	100,000
Cash paid for redemption of partnership units		$ 500,000	$ 38,000
Redemption of OP units		200,000	100,000
Operating partnership units issued		4,100,000		4,000,000
Operating partnership units outstanding		4,100,000		4,000,000
Redemption value of outstanding OP units		$ 162,700,000		$ 150,900,000
Closing price of DCT's common stock		$ 39.47		$ 37.37
LTIP units to common shares conversion ratio		100.00%
LTIP Units [Member]
Stockholders Equity [Line Items]
LTIP units vested		700,000		600,000
LTIP units outstanding		1,200,000	1,100,000
LTIP units vested		700,000	600,000
LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Vesting period (years)		4 years	4 years
LTIP units granted		200,000	200,000
Fair value of shares granted		$ 6,300,000	$ 7,300,000
Volatility factor		23.00%	26.00%
Risk-free interest rate		1.28%	1.28%
LTIP Units [Member] | Certain Senior Executives [Member] | Cash [Member]
Stockholders Equity [Line Items]
Cash paid for redemption of partnership units		$ 500,000
Redemption of OP units		13,000
LTIP Units [Member] | Certain Senior Executives [Member] | Common Stock [Member]
Stockholders Equity [Line Items]
Common stock issued on redemption of OP Units		53,000	5,000
Redemption of OP units		53,000	5,000
Restricted Stock [Member]
Stockholders Equity [Line Items]
Shares granted during the period		100,000
Restricted Stock [Member] | Certain Officers and Employees [Member]
Stockholders Equity [Line Items]
Weighted-average fair market value		$ 36.20
DCT Industrial Operating Partnership LP [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership		95.60%		95.60%
Maximum [Member] | LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Vesting period (years)		5 years
Maximum [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Vesting period (years)		5 years
Minimum [Member]
Stockholders Equity [Line Items]
Ownership interest in general and limited partner units		1.00%
Minimum [Member] | LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Vesting period (years)		4 years
Minimum [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Vesting period (years)		4 years
Continuous Equity Offering Program [Member]
Stockholders Equity [Line Items]
Common stock, shares available for future issuance		4,900,000
Common stock issuance end date	Sep. 10, 2018
Common stock issued through offering		100,000
Proceeds from issuance of common stock		$ 2,800,000
Continuous Equity Offering Program [Member] | Maximum [Member]
Stockholders Equity [Line Items]
Common stock, shares available for future issuance	5,000,000
Continuous Equity Offering Program [Member] | Average [Member]
Stockholders Equity [Line Items]
Common stock offering price per share, average		$ 39.03

Related Party Transactions (Det

Related Party Transactions (Details) - Southern California Consolidated Ventures [Member] $ in Millions	1 Months Ended		2 Months Ended	3 Months Ended
	Jan. 31, 2011agreement	Dec. 31, 2010agreement	Jan. 31, 2011agreement	Mar. 31, 2016USD ($)property
Related Party Transaction [Line Items]
Number of acquisition agreements | agreement	2	2	4
Weighted average ownership percentage				48.40%
Weighted average ownership interest controlled by former executive				43.70%
Weighted average ownership interest held by third party				7.90%
Acquisition price of land and buildings | $				$ 46.3
Number of properties | property				5

Earnings Per Share_Unit (Comput

Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Share/Unit) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Line Items]
Net income attributable to common stockholders/OP Unitholders	$ 36,391	$ 28,745
Less: Distributed and undistributed earnings allocated to participating securities	(228)	(143)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 36,163	$ 28,602
Weighted average common shares / OP Units outstanding – basic	88,384	88,090
Stock options and phantom stock	366	329
Weighted average common shares / OP Units outstanding – diluted	88,750	88,419
EARNINGS PER COMMON SHARE/OP UNIT:
Basic	$ 0.41	$ 0.32
Diluted	$ 0.41	$ 0.32
DCT Industrial Operating Partnership LP [Member]
Earnings Per Share [Line Items]
Net income attributable to common stockholders/OP Unitholders	$ 38,135	$ 30,148
Less: Distributed and undistributed earnings allocated to participating securities	(228)	(143)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 37,907	$ 30,005
Weighted average common shares / OP Units outstanding – basic	92,620	92,389
Stock options and phantom stock	366	329
Weighted average common shares / OP Units outstanding – diluted	92,986	92,718
EARNINGS PER COMMON SHARE/OP UNIT:
Basic	$ 0.41	$ 0.32
Diluted	$ 0.41	$ 0.32

Earnings Per Share_Unit (Narrat

Earnings Per Share/Unit (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OP Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities	4.2	4.3

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2016segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information (Total Asse

Segment Information (Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment) (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets		$ 3,680,445	$ 3,632,355
Non-segment cash and cash equivalents		14,230	18,412	$ 10,739	$ 19,631
Other non-segment assets		15,507	15,964
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		3,510,450	3,492,655
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets		1,051,873	1,034,869
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets		1,079,379	1,092,315
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets		1,379,198	1,365,471
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Non-segment cash and cash equivalents		12,736	15,860
Other non-segment assets	[1]	$ 157,259	$ 123,840
[1]	Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, restricted cash, 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
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	$ 93,977	$ 88,062
Institutional capital management and other fees	393	378
Total revenues	94,370	88,440
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	93,977	88,062
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	29,627	27,452
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	30,794	32,683
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	$ 33,556	$ 27,927

Segment Information (Reconcil45

Segment Information (Reconciliation Of Property Net Operating Income To Consolidated Entity) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Total property NOI		$ 23,388	$ 17,455
Institutional capital management and other fees		393	378
Gain on dispositions of real estate interests		30,097	26,154
Real estate related depreciation and amortization		(40,070)	(38,996)
General and administrative		(6,262)	(7,336)
Equity in earnings of unconsolidated joint ventures, net		884	807
Interest expense		(16,422)	(13,904)
Interest and other income (expense)		515	(18)
Income tax expense and other taxes		(116)	(193)
Net income attributable to noncontrolling interests		(1,955)	(1,556)
Net Income (loss) attributable to common stockholders/OP Unitholders		36,391	28,745
DCT Industrial Operating Partnership LP [Member]
Segment Reporting Information [Line Items]
Total property NOI		23,388	17,455
Institutional capital management and other fees		393	378
Gain on dispositions of real estate interests		30,097	26,154
Real estate related depreciation and amortization		(40,070)	(38,996)
General and administrative		(6,262)	(7,336)
Equity in earnings of unconsolidated joint ventures, net		884	807
Interest expense		(16,422)	(13,904)
Interest and other income (expense)		515	(18)
Income tax expense and other taxes		(116)	(193)
Net income attributable to noncontrolling interests		(211)	(153)
Net Income (loss) attributable to common stockholders/OP Unitholders		38,135	30,148
Noncontrolling interests of DCT Industrial Trust Inc. [Member]
Segment Reporting Information [Line Items]
Net income attributable to noncontrolling interests		(1,744)	(1,403)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total property NOI	[1]	69,327	63,409
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total property NOI		22,073	19,670
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total property NOI		21,213	22,276
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total property NOI		26,041	21,463
Material Reconciling Items
Segment Reporting Information [Line Items]
Institutional capital management and other fees		393	378
Gain on dispositions of real estate interests		30,097	26,154
Real estate related depreciation and amortization		(40,070)	(38,996)
General and administrative		(6,262)	(7,336)
Equity in earnings of unconsolidated joint ventures, net		884	807
Interest expense		(16,422)	(13,904)
Interest and other income (expense)		515	(18)
Income tax expense and other taxes		$ (116)	$ (193)
[1]	Property net operating income (“property NOI”) is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gain (loss), impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income and income tax expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.