Duck Creek 10-Q 4 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Entity Information [Line Items]
Entity Registrant Name	DCT Industrial Trust Inc.
Entity Central Index key	1,170,991
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		91,027,216
DCT Industrial Operating Partnership LP [Member]
Entity Information [Line Items]
Entity Registrant Name	DCT Industrial Operating Partnership LP
Entity Central Index key	1,604,042
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Land	$ 1,026,776	$ 1,009,905
Buildings and improvements	3,099,166	2,886,859
Intangible lease assets	79,771	84,420
Construction in progress	114,332	159,397
Total investment in properties	4,320,045	4,140,581
Less accumulated depreciation and amortization	(809,408)	(742,980)
Net investment in properties	3,510,637	3,397,601
Investments in and advances to unconsolidated joint ventures	93,854	82,635
Net investment in real estate	3,604,491	3,480,236
Cash and cash equivalents	7,073	18,412
Restricted cash	2,417	31,187
Straight-line rent and other receivables, net of allowance for doubtful accounts of $594 and $335, respectively	76,803	60,357
Other assets, net	23,244	15,964
Assets held for sale	10,138	26,199
Total assets	3,724,166	3,632,355
Liabilities:
Accounts payable and accrued expenses	106,039	108,788
Distributions payable	27,575	26,938
Tenant prepaids and security deposits	31,772	29,663
Other liabilities	40,177	18,398
Intangible lease liabilities, net	21,126	22,070
Line of credit	0	70,000
Senior unsecured notes	1,351,537	1,276,097
Mortgage notes	204,102	210,375
Liabilities related to assets held for sale	365	869
Total liabilities	1,782,693	1,763,198
Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding	0	0
Shares-in-trust, $0.01 par value, 100,000,000 shares authorized, none outstanding	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized 90,882,190 and 88,313,891 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	909	883
Additional paid-in capital	2,861,623	2,766,193
Distributions in excess of earnings	(997,015)	(992,010)
Accumulated other comprehensive loss	(27,756)	(23,082)
Total stockholders’ equity	1,837,761	1,751,984
Noncontrolling interests	103,712	117,173
Total equity	1,941,473	1,869,157
Total liabilities and equity	3,724,166	3,632,355
DCT Industrial Operating Partnership LP [Member]
ASSETS
Land	1,026,776	1,009,905
Buildings and improvements	3,099,166	2,886,859
Intangible lease assets	79,771	84,420
Construction in progress	114,332	159,397
Total investment in properties	4,320,045	4,140,581
Less accumulated depreciation and amortization	(809,408)	(742,980)
Net investment in properties	3,510,637	3,397,601
Investments in and advances to unconsolidated joint ventures	93,854	82,635
Net investment in real estate	3,604,491	3,480,236
Cash and cash equivalents	7,073	18,412
Restricted cash	2,417	31,187
Straight-line rent and other receivables, net of allowance for doubtful accounts of $594 and $335, respectively	76,803	60,357
Other assets, net	23,244	15,964
Assets held for sale	10,138	26,199
Total assets	3,724,166	3,632,355
Liabilities:
Accounts payable and accrued expenses	106,039	108,788
Distributions payable	27,575	26,938
Tenant prepaids and security deposits	31,772	29,663
Other liabilities	40,177	18,398
Intangible lease liabilities, net	21,126	22,070
Line of credit	0	70,000
Senior unsecured notes	1,351,537	1,276,097
Mortgage notes	204,102	210,375
Liabilities related to assets held for sale	365	869
Total liabilities	1,782,693	1,763,198
Equity:
General Partner: OP Units, 945,384 and 923,532 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	19,577	18,806
Limited Partner: OP Units, 93,593,051 and 91,429,694 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	1,938,104	1,861,809
Accumulated other comprehensive loss	(28,871)	(24,137)
Total partners' capital	1,928,810	1,856,478
Noncontrolling interests	12,663	12,679
Total capital	1,941,473	1,869,157
Total liabilities and equity	$ 3,724,166	$ 3,632,355

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Straight-line rent and other receivables, allowance for doubtful accounts	$ 594	$ 335
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	0	0
Shares-in-trust, par value (in dollars per share)	$ 0.01	$ 0.01
Shares-in-trust, shares authorized	100,000,000	100,000,000
Shares-in-trust, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	90,882,190	88,313,891
Common stock, shares outstanding	90,882,190	88,313,891
DCT Industrial Operating Partnership LP [Member]
Straight-line rent and other receivables, allowance for doubtful accounts	$ 594	$ 335
General Partner: OP Units issued	945,384	923,532
General Partner: OP Units outstanding	945,684	923,532
Limited Partner: OP Units issued	93,593,051	91,429,694
Limited Partner: OP Units outstanding	93,593,051	91,429,694

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
REVENUES:
Rental revenues	$ 99,933	$ 88,092	$ 289,507	$ 264,269
Institutional capital management and other fees	341	333	1,039	1,134
Total revenues	100,274	88,425	290,546	265,403
OPERATING EXPENSES:
Rental expenses	8,795	8,900	27,830	27,456
Real estate taxes	15,074	14,056	44,729	42,082
Real estate related depreciation and amortization	40,273	39,431	120,244	116,876
General and administrative	7,370	7,720	20,990	24,912
Impairment losses	0	371	0	371
Casualty gain	(2,440)	0	(2,278)	0
Total operating expenses	69,072	70,478	211,515	211,697
Operating income	31,202	17,947	79,031	53,706
OTHER INCOME (EXPENSE):
Development profit, net of taxes	0	0	0	2,627
Equity in earnings of unconsolidated joint ventures, net	1,164	4,493	2,983	6,336
Gain on dispositions of real estate interests	0	0	43,052	41,086
Interest expense	(15,773)	(13,078)	(47,830)	(40,591)
Interest and other income (expense)	18	(42)	581	(71)
Income tax expense and other taxes	(222)	(241)	(510)	(712)
Consolidated net income	16,389	9,079	77,307	62,381
Net income attributable to noncontrolling interests	(829)	(622)	(3,938)	(6,882)
Net income attributable to Common Stockholders' and OP Unitholders	15,560	8,457	73,369	55,499
Distributed and undistributed earnings allocated to participating securities	(163)	(166)	(497)	(510)
Adjusted net income attributable to Common Stockholders' and OP Unitholders	$ 15,397	$ 8,291	$ 72,872	$ 54,989
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
Diluted (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)	90,250	88,207	89,464	88,162
Diluted (shares)	90,723	88,526	89,906	88,472
Distributions declared per common share (in dollars per share)	$ 0.29	$ 0.28	$ 0.87	$ 0.84
DCT Industrial Operating Partnership LP [Member]
REVENUES:
Rental revenues	$ 99,933	$ 88,092	$ 289,507	$ 264,269
Institutional capital management and other fees	341	333	1,039	1,134
Total revenues	100,274	88,425	290,546	265,403
OPERATING EXPENSES:
Rental expenses	8,795	8,900	27,830	27,456
Real estate taxes	15,074	14,056	44,729	42,082
Real estate related depreciation and amortization	40,273	39,431	120,244	116,876
General and administrative	7,370	7,720	20,990	24,912
Impairment losses	0	371	0	371
Casualty gain	(2,440)	0	(2,278)	0
Total operating expenses	69,072	70,478	211,515	211,697
Operating income	31,202	17,947	79,031	53,706
OTHER INCOME (EXPENSE):
Development profit, net of taxes	0	0	0	2,627
Equity in earnings of unconsolidated joint ventures, net	1,164	4,493	2,983	6,336
Gain on dispositions of real estate interests	0	0	43,052	41,086
Interest expense	(15,773)	(13,078)	(47,830)	(40,591)
Interest and other income (expense)	18	(42)	581	(71)
Income tax expense and other taxes	(222)	(241)	(510)	(712)
Consolidated net income	16,389	9,079	77,307	62,381
Net income attributable to noncontrolling interests	(215)	(226)	(638)	(4,203)
Net income attributable to Common Stockholders' and OP Unitholders	16,174	8,853	76,669	58,178
Distributed and undistributed earnings allocated to participating securities	(163)	(166)	(497)	(510)
Adjusted net income attributable to Common Stockholders' and OP Unitholders	$ 16,011	$ 8,687	$ 76,172	$ 57,668
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
Diluted (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)	94,047	92,424	93,487	92,419
Diluted (shares)	94,520	92,743	93,929	92,729
Distributions declared per common share (in dollars per share)	$ 0.29	$ 0.28	$ 0.87	$ 0.84

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated net income of DCT Industrial Trust Inc.	$ 16,389	$ 9,079	$ 77,307	$ 62,381
Other comprehensive income (loss):
Net derivative loss on cash flow hedging instruments	(9)	(518)	(9,875)	(973)
Net reclassification adjustment on cash flow hedging instruments	1,618	1,155	5,030	3,466
Other comprehensive income (loss)	1,609	637	(4,845)	2,493
Comprehensive income	17,998	9,716	72,462	64,874
Comprehensive income attributable to noncontrolling interests	(1,022)	(576)	(3,767)	(6,930)
Comprehensive income attributable to common stockholders	16,976	9,140	68,695	57,944
DCT Industrial Operating Partnership LP [Member]
Consolidated net income of DCT Industrial Trust Inc.	16,389	9,079	77,307	62,381
Other comprehensive income (loss):
Net derivative loss on cash flow hedging instruments	(9)	(518)	(9,875)	(973)
Net reclassification adjustment on cash flow hedging instruments	1,618	1,155	5,030	3,466
Other comprehensive income (loss)	1,609	637	(4,845)	2,493
Comprehensive income	17,998	9,716	72,462	64,874
Comprehensive income attributable to noncontrolling interests	(240)	(141)	(527)	(4,135)
Comprehensive income attributable to common stockholders	$ 17,758	$ 9,575	$ 71,935	$ 60,739

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - 9 months ended Sep. 30, 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	$ 77,307			73,369		3,938
Other comprehensive loss	(4,845)				(4,674)	(171)
Issuance of common stock, net of offering costs, value	80,571	$ 19	80,552
Issuance of common stock, net of offering costs, shares		1,895,000
Issuance of common stock, stock-based compensation plans, value	$ (690)	$ 1	(691)
Issuance of common stock, stock-based compensation plans, shares	63,000	63,000
Amortization of stock-based compensation	$ 5,090		1,237			3,853
Distributions to common stockholders and noncontrolling interests	(82,851)			(78,374)		(4,477)
Capital contributions from noncontrolling interests	134					134
Redemptions of noncontrolling interests, value	$ (2,400)	$ 6	14,332			(16,738)
Redemptions of noncontrolling interests, shares	500,000	610,000
Balance, value at Sep. 30, 2016	$ 1,941,473	$ 909	$ 2,861,623	$ (997,015)	$ (27,756)	$ 103,712
Balance, shares at Sep. 30, 2016	90,882,190	90,882,000

Consolidated Statement Of Chan7

Consolidated Statement Of Changes In Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Balance at beginning of period		$ (23,082)
Net income	$ 16,389	77,307
Other comprehensive loss	1,609	(4,845)
Amortization of stock-based compensation		5,090
Capital contributions from noncontrolling interests		134
Balance at end of period	(27,756)	(27,756)
Non-Controlling Interests [Member]
Net income		3,938
Other comprehensive loss		(171)
Amortization of stock-based compensation		3,853
Capital contributions from noncontrolling interests		134
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	16,389	77,307
Other comprehensive loss	1,609	(4,845)
Issuance of OP Units, net of selling costs		80,571
Issuance of OP Units, share-based compensation plans		(690)
Amortization of stock-based compensation		5,090
Distributions to OP Unitholders and noncontrolling interests		(82,851)
Capital contributions from noncontrolling interests		134
Redemption of limited partner OP Units, net		(2,400)
Balance at end of period	1,941,473	1,941,473
Balance at end of period	19,577	19,577
Balance at end of period	1,938,104	1,938,104
Balance at end of period	(28,871)	(28,871)
Balance at end of period	12,663	12,663
DCT Industrial Operating Partnership LP [Member] | Non-Controlling Interests [Member]
Balance at beginning of period		12,679
Net income		638
Other comprehensive loss		(111)
Distributions to OP Unitholders and noncontrolling interests		(677)
Capital contributions from noncontrolling interests		134
Balance at end of period	12,663	12,663
DCT Industrial Operating Partnership LP [Member] | General Partner [Member]
Balance at beginning of period		$ 18,806
Balance at beginning of period, Units		924
Net income		$ 767
Distributions to OP Unitholders and noncontrolling interests		(822)
Conversion of limited partner OP Units to OP Units of general partner		$ 826
Conversion of limited partner OP Units to OP Units of general partner, Units		21
Balance at end of period	$ 19,577	$ 19,577
Balance at end of period, Units	945	945
DCT Industrial Operating Partnership LP [Member] | Limited Partners [Member]
Balance at beginning of period		$ 1,861,809
Balance at beginning of period, Units		91,429
Net income		$ 75,902
Issuance of OP Units, net of selling costs		$ 80,571
Issuance of OP Units, net of selling costs, Units		1,895
Issuance of OP Units, share-based compensation plans		$ (690)
Issuance of OP Units, share-based compensation plans, Units		345
Amortization of stock-based compensation		$ 5,090
Distributions to OP Unitholders and noncontrolling interests		(81,352)
Redemption of limited partner OP Units, net		$ (2,400)
Redemption of limited partner OP Units, Units		(55)
Conversion of limited partner OP Units to OP Units of general partner		$ (826)
Conversion of limited partner OP Units to OP Units of general partner, Units		(21)
Balance at end of period	$ 1,938,104	$ 1,938,104
Balance at end of period, Units	93,593	93,593
DCT Industrial Operating Partnership LP [Member] | Accumulated Other Comprehensive Loss [Member]
Balance at beginning of period		$ (24,137)
Other comprehensive loss		(4,734)
Balance at end of period	$ (28,871)	$ (28,871)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
OPERATING ACTIVITIES:
Net income	$ 77,307	$ 62,381
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization	120,244	116,876
Gain on dispositions of real estate interests	(43,052)	(41,086)
Distributions of earnings from unconsolidated joint ventures	4,423	4,310
Equity in earnings of unconsolidated joint ventures, net	(2,983)	(6,336)
Impairment losses	0	371
Stock-based compensation	4,153	3,882
Casualty gain	(2,278)	0
Straight-line rent	(16,402)	(4,293)
Other	3,242	(447)
Changes in operating assets and liabilities:
Other receivables and other assets	(8,563)	4,639
Accounts payable, accrued expenses and other liabilities	22,280	11,406
Net cash provided by operating activities	158,371	151,703
INVESTING ACTIVITIES:
Real estate acquisitions	(54,594)	(154,833)
Capital expenditures and development activities	(229,955)	(162,538)
Proceeds from dispositions of real estate investments	106,126	136,128
Investments in unconsolidated joint ventures	(15,081)	(840)
Proceeds from casualties	3,446	0
Distributions of investments in unconsolidated joint ventures	1,509	9,488
Change in restricted cash	28,406	3
Other investing activities	(4,377)	(2,513)
Net cash used in investing activities	(164,520)	(175,105)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	173,000	210,000
Repayments of senior unsecured revolving line of credit	(243,000)	(61,000)
Proceeds from senior unsecured notes	250,000	0
Repayments of senior unsecured notes	(174,000)	(40,000)
Principal payments on mortgage notes	(5,001)	(5,999)
Net settlement on issuance of stock-based compensation awards	(690)	(605)
Proceeds from issuance of common stock	81,769	0
Offering costs for issuance of common stock and OP Units	(1,198)	0
Redemption of noncontrolling interests	(2,400)	(1,714)
Dividends to common stockholders	(77,610)	(74,102)
Distributions to noncontrolling interests	(4,604)	(8,207)
Contributions from noncontrolling interests	134	0
Other financing activity	(1,590)	(2,819)
Net cash provided by (used in) financing activities	(5,190)	15,554
NET CHANGE IN CASH AND CASH EQUIVALENTS	(11,339)	(7,848)
CASH AND CASH EQUIVALENTS, beginning of period	18,412	19,631
CASH AND CASH EQUIVALENTS, end of period	7,073	11,783
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	40,956	35,706
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	23,871	21,850
Redemptions of OP Units settled in shares of common stock	14,338	2,164
Assumption of mortgage notes in connection with real estate acquired	0	22,958
Change in capital expenditures accrual	8,096	(2,929)
DCT Industrial Operating Partnership LP [Member]
OPERATING ACTIVITIES:
Net income	77,307	62,381
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization	120,244	116,876
Gain on dispositions of real estate interests	(43,052)	(41,086)
Distributions of earnings from unconsolidated joint ventures	4,423	4,310
Equity in earnings of unconsolidated joint ventures, net	(2,983)	(6,336)
Impairment losses	0	371
Stock-based compensation	4,153	3,882
Casualty gain	(2,278)	0
Straight-line rent	(16,402)	(4,293)
Other	3,242	(447)
Changes in operating assets and liabilities:
Other receivables and other assets	(8,563)	4,639
Accounts payable, accrued expenses and other liabilities	22,280	11,406
Net cash provided by operating activities	158,371	151,703
INVESTING ACTIVITIES:
Real estate acquisitions	(54,594)	(154,833)
Capital expenditures and development activities	(229,955)	(162,538)
Proceeds from dispositions of real estate investments	106,126	136,128
Investments in unconsolidated joint ventures	(15,081)	(840)
Proceeds from casualties	3,446	0
Distributions of investments in unconsolidated joint ventures	1,509	9,488
Change in restricted cash	28,406	3
Other investing activities	(4,377)	(2,513)
Net cash used in investing activities	(164,520)	(175,105)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	173,000	210,000
Repayments of senior unsecured revolving line of credit	(243,000)	(61,000)
Proceeds from senior unsecured notes	250,000	0
Repayments of senior unsecured notes	(174,000)	(40,000)
Principal payments on mortgage notes	(5,001)	(5,999)
Net settlement on issuance of stock-based compensation awards	(690)	(605)
Proceeds from the issuance of OP Units in exchange for contributions from the REIT, net	80,571	0
OP Unit redemptions	(2,400)	(1,714)
Dividends to common stockholders	(81,538)	(78,075)
Distributions to noncontrolling interests	(676)	(4,234)
Contributions from noncontrolling interests	134	0
Other financing activity	(1,590)	(2,819)
Net cash provided by (used in) financing activities	(5,190)	15,554
NET CHANGE IN CASH AND CASH EQUIVALENTS	(11,339)	(7,848)
CASH AND CASH EQUIVALENTS, beginning of period	18,412	19,631
CASH AND CASH EQUIVALENTS, end of period	7,073	11,783
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	40,956	35,706
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	23,871	21,850
Assumption of mortgage notes in connection with real estate acquired	0	22,958
Change in capital expenditures accrual	$ 8,096	$ (2,929)

Organization

Organization	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in high-demand distribution markets in the United States. DCT's actively managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. As used herein, the terms “Company,” “we,” “our” and “us” refer to DCT Industrial Trust Inc. and its subsidiaries, including its operating partnership, DCT Industrial Operating Partnership LP. When we use the term “DCT” or “DCT Industrial,” we are referring to DCT Industrial Trust Inc. by itself, and not including any of its subsidiaries, and when we use the term “Operating Partnership,” we are referring to DCT Industrial Operating Partnership LP by itself, and not including any of its subsidiaries. DCT was formed as a Maryland corporation in April 2002 and has elected to be treated as a real estate investment trust, or REIT, for U.S. federal income tax purposes. We are structured as an umbrella partnership REIT under which substantially all 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 September 30, 2016 , DCT owned approximately 96.1% of the outstanding equity interests in the Operating Partnership. As of September 30, 2016 , the Company owned interests in approximately 73.5 million square feet of properties leased to approximately 900 customers, including: • 64.7 million square feet comprising 398 consolidated operating properties, including three buildings totaling 0.8 million square feet classified as held for sale, that were 96.2% occupied; • 7.8 million square feet comprising 23 unconsolidated properties that were 97.2% occupied and which we operated on behalf of three institutional capital management partners; • 0.6 million square feet comprising four consolidated properties under redevelopment; and • 0.4 million square feet comprising three consolidated properties in development. In addition, the Company has seven projects under construction and several projects in pre-development. See “Note 3 – Investment in Properties" for further details.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all 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 $5.2 million and $16.4 million for the three and nine months ended September 30, 2016 , respectively, and approximately $0.9 million and $4.3 million for the three and nine months ended September 30, 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 rental revenues over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of rental revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company 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 $23.3 million and $67.8 million for the three and nine months ended September 30, 2016 , respectively, and approximately $20.6 million and $62.8 million for the three and nine months ended September 30, 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 non-cancelable term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The unamortized balances of these assets and liabilities associated with the early termination of leases are fully amortized to their respective revenue line items in our Consolidated Statements of Operations on a straight-line basis over the estimated remaining contractual lease term. The total net impact to “Rental revenues” due to the amortization of above and below market rents was an increase of approximately $0.7 million and $2.1 million for the three and nine months ended September 30, 2016 , respectively, and approximately $0.8 million and $2.3 million for the three and nine months ended September 30, 2015 , respectively. Early lease termination fees are recorded in “Rental revenues” on a straight-line basis over the estimated remaining contractual lease term or upon collection if collectability is not assured. The total net impact to “Rental revenues” due to early lease termination fees was approximately $0.2 million and $0.9 million for the three and nine months ended September 30, 2016 , respectively, and approximately $1.2 million and $2.4 million for the three and nine months ended September 30, 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. The FASB subsequently issued additional ASU's which improve guidance and provide clarification of the new standard. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on our Consolidated Financial Statements and related disclosures. 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 our Consolidated Financial Statements. In August 2016, the FASB issued an ASU that clarifies how companies should classify certain cash receipts and payments on the statement of cash flows, including equity method investee distributions, insurance proceed settlements and contingent consideration payments made following a business combination. The new standard also clarifies the predominance principle applied when cash receipts and payments have aspects of more than one class of cash flows. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. The adoption of this guidance will not have significant impact on our Consolidated Financial Statements.

Investment In Properties

Investment In Properties	9 Months Ended
	Sep. 30, 2016
Investments [Abstract]
Investment In Properties	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): September 30, December 31, Operating properties $ 4,077,582 $ 3,791,721 Properties under development 141,331 242,906 Properties in pre-development 34,817 41,313 Properties under redevelopment 58,617 56,943 Land held 7,698 7,698 Total investment in properties 4,320,045 4,140,581 Less accumulated depreciation and amortization (809,408 ) (742,980 ) Net investment in properties $ 3,510,637 $ 3,397,601 Acquisition Activity During the nine months ended September 30, 2016 , we acquired four buildings totaling 0.6 million square feet located in the Cincinnati, Dallas and Southern California markets for a total purchase price of approximately $42.5 million . Related to these acquisitions, we incurred acquisition costs of approximately $0.6 million during the nine months ended September 30, 2016 , included in "General and administrative" in our Consolidated Statement of Operations. Development Activity Our properties under development include the following: • Three buildings totaling 0.4 million square feet that are currently in lease-up as shell-complete activities have been completed as of September 30, 2016 . These properties are 44.2% leased based on weighted average square feet; and • Seven projects are under construction totaling 2.4 million square feet. During the nine months ended September 30, 2016 , we acquired 65.1 acres of land in the Baltimore/Washington D.C., Dallas and Denver markets for approximately $11.6 million that is held for future development. Disposition Activity During the nine months ended September 30, 2016 , we sold 11 consolidated operating properties totaling 2.0 million square feet from our Chicago, Houston, Louisville and Northern California markets to third-parties for gross proceeds of approximately $108.6 million . We recognized gains of approximately $43.1 million on the disposition of these 11 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 $2.8 million and $9.0 million for the three and nine months ended September 30, 2016 , respectively, and approximately $3.6 million and $11.2 million for the three and nine months ended September 30, 2015 , respectively. Our intangible lease assets and liabilities included the following (in thousands): September 30, 2016 December 31, 2015 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 75,810 $ (39,393 ) $ 36,417 $ 79,718 $ (35,993 ) $ 43,725 Above market rent $ 3,961 $ (1,984 ) $ 1,977 $ 4,702 $ (2,280 ) $ 2,422 Below market rent $ (32,063 ) $ 10,937 $ (21,126 ) $ (31,565 ) $ 9,495 $ (22,070 )

Investments In And Advances To

Investments In And Advances To Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	Investments in and Advances to Unconsolidated Joint Ventures We enter into joint ventures primarily for purposes of operating and developing industrial real estate. Our investments in these joint ventures are included in “Investments in and advances to unconsolidated joint ventures” in our Consolidated Balance Sheets. During September 2016, the TRT-DCT Venture III disposed of one property. We received approximately $0.5 million for our share of the gross proceeds and recognized our share of the gain on the sale of approximately $0.1 million , which is included in "Equity in earnings of unconsolidated joint ventures, net" in our Consolidated Statements of Operations. During September 2016, the Stirling Capital Investment joint venture completed development activities and leased one building totaling 0.4 million square feet. The following table summarizes our unconsolidated joint ventures (dollars in thousands): As of September 30, 2016 Investments in and Advances to as of Ownership Percentage Number of Buildings September 30, December 31, Unconsolidated Joint Ventures Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 37,563 $ 38,153 TRT-DCT Venture III 10.0 % 3 1,564 1,972 Total Institutional Joint Ventures 16 39,127 40,125 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 7 54,727 42,510 Total 23 $ 93,854 $ 82,635 (1) Although we contributed 100% of the initial cash equity capital required by the venture, after return of certain preferential distributions on capital invested, profits and losses are generally split 50 / 50 . Guarantees There are no lines of credit or side agreements related to, or between, our unconsolidated joint ventures and us, and there are no derivative financial instruments between our unconsolidated joint ventures and us. In addition, we do not believe we have any material exposure to financial guarantees.

Financial Instruments And Hedgi

Financial Instruments And Hedging Activities	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Financial Instruments And Hedging Activities	Financial Instruments and Hedging Activities Fair Value of Financial Instruments As of September 30, 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 September 30, 2016 As of December 31, 2015 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Borrowings (1) : Senior unsecured revolving credit facility $ — $ — $ 70,000 $ 70,000 Fixed rate debt (2) $ 1,413,448 $ 1,505,750 $ 1,268,596 $ 1,310,388 Variable rate debt $ 150,000 $ 148,380 $ 225,000 $ 222,649 Interest rate contracts: Interest rate swap asset (liability) (3) $ (8,038 ) $ (8,038 ) $ 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 swaps is determined using the market standard methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows based on an expectation of future interest rates derived from Level 2 observable market interest rate curves. We also incorporate a credit valuation adjustment, which is derived using unobservable Level 3 inputs, to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurement. The asset or liability is included in “Other assets, 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 nine months ended September 30, 2016 and 2015 . During the Nine Months Ended September 30, 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 (9,777 ) (255 ) Realized gain recognized in interest expense 1,520 111 Ending balance at September 30 $ (8,038 ) $ (311 ) Hedging Activities To manage interest rate risk for variable rate debt and issuances of fixed rate debt, we primarily use treasury locks and interest rate swaps as part of our cash flow hedging strategy. These derivatives are designed to mitigate the risk of future interest rate increases by providing a fixed interest rate for a limited, pre-determined period of time. Such derivatives have been used to hedge the variability in existing and future interest expense associated with existing variable rate borrowings and forecasted issuances of debt, which may include issuances of new debt, as well as refinancing of existing debt upon maturity. Accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the designation of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. For derivatives designated as “cash flow” hedges, the effective portion of the change in the fair value of the derivative is initially reported in “Other comprehensive income (“OCI”)” in our Consolidated Statements of Comprehensive Income (i.e., not included in earnings) and subsequently reclassified into 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 change 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 USD LIBOR rates. The pay-fixed, receive-floating interest rate swaps have an effective date of June 2013 and a maturity date of June 2023 . These interest rates swaps effectively fix the interest rate on the related debt instruments at 4.72% . As of September 30, 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 $6.7 million and $6.8 million , respectively. 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 USD LIBOR is negative, the Company will make payments to the hedge counterparty equal to the spread between USD LIBOR and zero. During the nine months ended September 30, 2016 , we recorded approximately $0.5 million of hedge ineffectiveness in earnings attributable to a 0.0% 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 0.0% floor on the USD LIBOR component of the interest rate). As of September 30, 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of loss recognized in OCI for effective portion of derivatives $ (9 ) $ (518 ) $ (9,875 ) $ (973 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,618 ) $ (1,155 ) $ (5,030 ) $ (3,466 ) Amount of gain (loss) recognized in interest expense (ineffective portion and amount excluded from effectiveness testing) $ 967 $ — $ (453 ) $ — 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 $6.3 million will be reclassified from “Accumulated other comprehensive loss” to “Interest expense” resulting in an increase in interest expense.

Outstanding Indebtedness

Outstanding Indebtedness	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Outstanding Indebtedness	Outstanding Indebtedness As of September 30, 2016 , our outstanding indebtedness of approximately $1.6 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $35.3 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 September 30, 2016 , the gross book value of our consolidated properties was approximately $4.3 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 September 30, 2016 and December 31, 2015 . Line of Credit As of September 30, 2016 , we had no balance outstanding and $396.5 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 Issuance and Payoffs On August 8, 2016, we issued $250.0 million of fixed rate senior unsecured notes in a private placement offering. The notes have an average term of 10 years , a weighted average interest rate of 3.90% and require semi-annual interest payments. We primarily used the proceeds to paydown our senior unsecured revolving credit facility, payoff a $49.0 million senior unsecured note at maturity and payoff a portion of our $25.0 million senior unsecured term loan maturing in April 2017. 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	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests DCT Noncontrolling interests are the portion of equity, or net assets, in a subsidiary not attributable, directly or indirectly, to a parent. Noncontrolling interests of DCT primarily represent limited partnership interests in the Operating Partnership and equity interests held by third party partners in consolidated real estate investments, 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	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership DCT Common Stock As of September 30, 2016 , approximately 90.9 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. During the nine months ended September 30, 2016 , we issued approximately 1.9 million shares of common stock through the continuous equity offering program, at a weighted average price of $43.14 per share for proceeds of approximately $80.6 million , net of offering expenses. We used the proceeds for general corporate purposes, including funding developments and redevelopments and repaying debt. As of September 30, 2016 , approximately 3.1 million shares of common stock remain available to be issued under the current offering. We did not issue any shares of common stock under the current or previously registered offering programs during 2015 . During the nine months ended September 30, 2016 and 2015 , we issued approximately 63,000 and 87,000 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 September 30, 2016 and December 31, 2015 , DCT owned approximately 96.1% and 95.6% , respectively, of the outstanding equity interests in the Operating Partnership. The remaining common partnership interests in the Operating Partnership were owned by executives of the Company and non-affiliated limited partners. DCT holds its interests through both general and limited partner units. The Partnership Agreement stipulates the general partner shall at all times own a minimum of 1.0% of all outstanding OP Units. As a result, each reporting period certain of DCT’s limited partner units are converted to general partner units to satisfy this requirement as illustrated in the Consolidated Statement of Changes in Capital. Limited partners have the right to require the Company to redeem all or a portion of the OP Units held by the limited partner at a redemption price equal to and in the form of the Cash Amount (as defined in the Partnership Agreement) provided that such OP Units have been outstanding for at least one year. The Company may, in its sole discretion, purchase the OP Units by paying to the limited partner either the Cash Amount or the REIT Shares Amount (generally one share of DCT’s common stock for each OP Unit), as defined in the Partnership Agreement. During the nine months ended September 30, 2016 and 2015 , approximately 0.5 million and 0.2 million OP Units were redeemed for approximately $1.9 million and $1.7 million in cash and approximately 0.5 million and 0.1 million shares of DCT common stock, respectively. The OP Unit redemptions exclude LTIP Unit redemptions, see "LTIP Units" below for a summary of LTIP Unit redemptions. As of September 30, 2016 and December 31, 2015 , approximately 3.7 million and 4.0 million OP Units were issued, outstanding and held by entities other than DCT in each corresponding period, including approximately 0.7 million and 0.6 million vested LTIP Units issued under our Long-Term Incentive Plan, as amended, respectively. As of September 30, 2016 and December 31, 2015 , the aggregate redemption value of the then-outstanding OP Units held by entities other than DCT was approximately $177.5 million and $150.9 million based on the $48.55 and $37.37 per share closing price of DCT’s common stock on September 30, 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 the stock vests. Restricted stock generally vests ratably over a period of four or five years, depending on the grant. During the nine months ended September 30, 2016 , we granted approximately 0.1 million shares of restricted stock to certain officers and employees at the weighted average fair market value of $36.25 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 nine months ended September 30, 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 nine months ended September 30, 2016 , there were approximately 112,000 vested LTIP Units converted into approximately 112,000 shares of DCT common stock and approximately 13,000 LTIP Units were redeemed for approximately $0.5 million in cash. As of September 30, 2016 , approximately 1.2 million LTIP Units were outstanding of which approximately 0.7 million were vested. During the nine months ended September 30, 2015 , approximately 0.2 million LTIP Units were granted to certain senior executives, which vest over a four year period with a total fair value of approximately $7.3 million at the date of grant as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using a weighted average volatility factor of 26% and a weighted average risk-free interest rate of 1.28% . During the nine months ended September 30, 2015 , approximately 5,000 vested LTIP Units were converted into approximately 5,000 shares of DCT common stock. As of September 30, 2015 , approximately 1.1 million LTIP Units were outstanding of which approximately 0.6 million were vested.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	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	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share/Unit	Earnings per Share/Unit We use the two-class method of computing net earnings per common share/unit which is an earnings allocation formula that determines net earnings per share/unit for common stock/unit and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Under the two-class method, net earnings per common share/unit are computed by dividing the sum of distributed earnings to common stockholders/OP Unitholders and undistributed earnings allocated to common stockholders/OP Unitholders by the weighted average number of common shares/units outstanding for the period. A participating security is defined by GAAP as an unvested share-based payment award containing non-forfeitable rights to dividends and must be included in the computation of earnings per share/unit pursuant to the two-class method. Nonvested restricted stock 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 net earnings per common share (in thousands, except per share amounts): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Net Earnings per Common Share – Basic and Diluted Numerator Net income attributable to common stockholders $ 15,560 $ 8,457 $ 73,369 $ 55,499 Less: Distributed and undistributed earnings allocated to participating securities (163 ) (166 ) (497 ) (510 ) Numerator for adjusted net income attributable to common stockholders $ 15,397 $ 8,291 $ 72,872 $ 54,989 Denominator Weighted average common shares outstanding – basic 90,250 88,207 89,464 88,162 Effect of dilutive securities: Stock options and phantom stock 473 319 442 310 Weighted average common shares outstanding – diluted 90,723 88,526 89,906 88,472 Net Earnings per Common Share: Basic $ 0.17 $ 0.09 $ 0.81 $ 0.62 Diluted $ 0.17 $ 0.09 $ 0.81 $ 0.62 Operating Partnership The following table presents the computation of basic and diluted net earnings per common unit (in thousands, except per unit amounts): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Net Earnings per OP Unit – Basic and Diluted Numerator Net income attributable to OP Unitholders $ 16,174 $ 8,853 $ 76,669 $ 58,178 Less: Distributed and undistributed earnings allocated to participating securities (163 ) (166 ) (497 ) (510 ) Numerator for adjusted net income attributable to OP Unitholders $ 16,011 $ 8,687 $ 76,172 $ 57,668 Denominator Weighted average OP Units outstanding – basic 94,047 92,424 93,487 92,419 Effect of dilutive securities: Stock options and phantom stock 473 319 442 310 Weighted average OP Units outstanding – diluted 94,520 92,743 93,929 92,729 Net Earnings per OP Unit: Basic $ 0.17 $ 0.09 $ 0.81 $ 0.62 Diluted $ 0.17 $ 0.09 $ 0.81 $ 0.62 DCT and the Operating Partnership Potentially Dilutive Shares For the three and nine months ended September 30, 2016 , DCT excluded from diluted earnings per share the weighted average common share equivalents related to 3.8 million and 4.0 million OP Units, respectively, because their effect would be anti-dilutive. During the same periods ended September 30, 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 because their effect would be anti-dilutive.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s segments are based on our internal reporting of operating results used to assess performance based on our properties’ geographical markets. Our markets are aggregated into three reportable regions or segments, East, Central and West, which are based on the geographical locations of our properties. Management considers rental revenues and property net operating income 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 September 30, 2016 As of December 31, 2015 Segments: East assets $ 1,076,672 $ 1,034,869 Central assets 1,096,007 1,092,315 West assets 1,438,953 1,365,471 Total segment net assets 3,611,632 3,492,655 Non-segment assets: Non-segment cash and cash equivalents 4,287 15,860 Other non-segment assets (1) 108,247 123,840 Total assets $ 3,724,166 $ 3,632,355 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 East $ 31,212 $ 25,887 $ 90,010 $ 79,184 Central 32,340 32,777 95,400 98,693 West 36,381 29,428 104,097 86,392 Rental revenues 99,933 88,092 289,507 264,269 Institutional capital management and other fees 341 333 1,039 1,134 Total revenues $ 100,274 $ 88,425 $ 290,546 $ 265,403 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 East $ 24,919 $ 19,632 $ 69,765 $ 59,202 Central 23,084 23,327 66,825 69,648 West 28,061 22,177 80,358 65,881 Property NOI (1) 76,064 65,136 216,948 194,731 Institutional capital management and other fees 341 333 1,039 1,134 Gain on dispositions of real estate interests — — 43,052 41,086 Real estate related depreciation and amortization (40,273 ) (39,431 ) (120,244 ) (116,876 ) Casualty gain 2,440 — 2,278 — Development profit, net of taxes — — — 2,627 General and administrative expense (7,370 ) (7,720 ) (20,990 ) (24,912 ) Impairment losses — (371 ) — (371 ) Equity in earnings of unconsolidated joint ventures, net 1,164 4,493 2,983 6,336 Interest expense (15,773 ) (13,078 ) (47,830 ) (40,591 ) Interest and other income (expense) 18 (42 ) 581 (71 ) Income tax expense and other taxes (222 ) (241 ) (510 ) (712 ) Net income attributable to noncontrolling interests of the Operating Partnership (215 ) (226 ) (638 ) (4,203 ) Net income attributable to OP Unitholders 16,174 8,853 76,669 58,178 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. (614 ) (396 ) (3,300 ) (2,679 ) Net income attributable to common stockholders $ 15,560 $ 8,457 $ 73,369 $ 55,499 (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.

Assets Held for Sale

Assets Held for Sale	9 Months Ended
	Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Assets Held for Sale As of September 30, 2016, three properties in our East operating segment were classified as held for sale and are reported at their lower of carrying value or estimated fair value less estimated cost to sell. We expect to complete the sale of these properties in 2016.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events GAAP requires an entity to disclose events that occur after the balance sheet date but before financial statements are issued or are available to be issued (“subsequent events”) as well as the date through which an entity has evaluated subsequent events. There are two types of subsequent events. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements, (“recognized subsequent events”). The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (“nonrecognized subsequent events”). No significant recognized or nonrecognized subsequent events were noted.

Summary Of Significant Accoun22

Summary Of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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 $5.2 million and $16.4 million for the three and nine months ended September 30, 2016 , respectively, and approximately $0.9 million and $4.3 million for the three and nine months ended September 30, 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 rental revenues over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of rental revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company 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 $23.3 million and $67.8 million for the three and nine months ended September 30, 2016 , respectively, and approximately $20.6 million and $62.8 million for the three and nine months ended September 30, 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 non-cancelable term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The unamortized balances of these assets and liabilities associated with the early termination of leases are fully amortized to their respective revenue line items in our Consolidated Statements of Operations on a straight-line basis over the estimated remaining contractual lease term. The total net impact to “Rental revenues” due to the amortization of above and below market rents was an increase of approximately $0.7 million and $2.1 million for the three and nine months ended September 30, 2016 , respectively, and approximately $0.8 million and $2.3 million for the three and nine months ended September 30, 2015 , respectively. Early lease termination fees are recorded in “Rental revenues” on a straight-line basis over the estimated remaining contractual lease term or upon collection if collectability is not assured. The total net impact to “Rental revenues” due to early lease termination fees was approximately $0.2 million and $0.9 million for the three and nine months ended September 30, 2016 , respectively, and approximately $1.2 million and $2.4 million for the three and nine months ended September 30, 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. The FASB subsequently issued additional ASU's which improve guidance and provide clarification of the new standard. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on our Consolidated Financial Statements and related disclosures. 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 our Consolidated Financial Statements. In August 2016, the FASB issued an ASU that clarifies how companies should classify certain cash receipts and payments on the statement of cash flows, including equity method investee distributions, insurance proceed settlements and contingent consideration payments made following a business combination. The new standard also clarifies the predominance principle applied when cash receipts and payments have aspects of more than one class of cash flows. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. The adoption of this guidance will not have significant impact on our Consolidated Financial Statements.

Investment In Properties (Table

Investment In Properties (Tables)	9 Months Ended
	Sep. 30, 2016
Investments [Abstract]
Schedule Of Investment In Properties	The historical cost of our investment in properties was (in thousands): September 30, December 31, Operating properties $ 4,077,582 $ 3,791,721 Properties under development 141,331 242,906 Properties in pre-development 34,817 41,313 Properties under redevelopment 58,617 56,943 Land held 7,698 7,698 Total investment in properties 4,320,045 4,140,581 Less accumulated depreciation and amortization (809,408 ) (742,980 ) Net investment in properties $ 3,510,637 $ 3,397,601
Schedule Of Intangible Lease Assets And Liabilities	Our intangible lease assets and liabilities included the following (in thousands): September 30, 2016 December 31, 2015 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 75,810 $ (39,393 ) $ 36,417 $ 79,718 $ (35,993 ) $ 43,725 Above market rent $ 3,961 $ (1,984 ) $ 1,977 $ 4,702 $ (2,280 ) $ 2,422 Below market rent $ (32,063 ) $ 10,937 $ (21,126 ) $ (31,565 ) $ 9,495 $ (22,070 )

Investments In And Advances T24

Investments In And Advances To Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2016 Investments in and Advances to as of Ownership Percentage Number of Buildings September 30, December 31, Unconsolidated Joint Ventures Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 37,563 $ 38,153 TRT-DCT Venture III 10.0 % 3 1,564 1,972 Total Institutional Joint Ventures 16 39,127 40,125 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 7 54,727 42,510 Total 23 $ 93,854 $ 82,635 (1) Although we contributed 100% of the initial cash equity capital required by the venture, after return of certain preferential distributions on capital invested, profits and losses are generally split 50 / 50 .

Financial Instruments And Hed25

Financial Instruments And Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Summary Of Financial Instruments	The following table summarizes these financial instruments (in thousands): As of September 30, 2016 As of December 31, 2015 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Borrowings (1) : Senior unsecured revolving credit facility $ — $ — $ 70,000 $ 70,000 Fixed rate debt (2) $ 1,413,448 $ 1,505,750 $ 1,268,596 $ 1,310,388 Variable rate debt $ 150,000 $ 148,380 $ 225,000 $ 222,649 Interest rate contracts: Interest rate swap asset (liability) (3) $ (8,038 ) $ (8,038 ) $ 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 swaps is determined using the market standard methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows based on an expectation of future interest rates derived from Level 2 observable market interest rate curves. We also incorporate a credit valuation adjustment, which is derived using unobservable Level 3 inputs, to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurement. The asset or liability is included in “Other assets, 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	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 nine months ended September 30, 2016 and 2015 . During the Nine Months Ended September 30, 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 (9,777 ) (255 ) Realized gain recognized in interest expense 1,520 111 Ending balance at September 30 $ (8,038 ) $ (311 )
Schedule Of Derivative Financial Instruments On Financial Statements	The following table presents the effect of our derivative financial instruments on our accompanying Consolidated Financial Statements (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of loss recognized in OCI for effective portion of derivatives $ (9 ) $ (518 ) $ (9,875 ) $ (973 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,618 ) $ (1,155 ) $ (5,030 ) $ (3,466 ) Amount of gain (loss) recognized in interest expense (ineffective portion and amount excluded from effectiveness testing) $ 967 $ — $ (453 ) $ —

Earnings Per Share_Unit (Tables

Earnings Per Share/Unit (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	The following table presents the computation of basic and diluted net earnings per common share (in thousands, except per share amounts): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Net Earnings per Common Share – Basic and Diluted Numerator Net income attributable to common stockholders $ 15,560 $ 8,457 $ 73,369 $ 55,499 Less: Distributed and undistributed earnings allocated to participating securities (163 ) (166 ) (497 ) (510 ) Numerator for adjusted net income attributable to common stockholders $ 15,397 $ 8,291 $ 72,872 $ 54,989 Denominator Weighted average common shares outstanding – basic 90,250 88,207 89,464 88,162 Effect of dilutive securities: Stock options and phantom stock 473 319 442 310 Weighted average common shares outstanding – diluted 90,723 88,526 89,906 88,472 Net Earnings per Common Share: Basic $ 0.17 $ 0.09 $ 0.81 $ 0.62 Diluted $ 0.17 $ 0.09 $ 0.81 $ 0.62
DCT Industrial Operating Partnership LP [Member] | Common Units [Member]
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	The following table presents the computation of basic and diluted net earnings per common unit (in thousands, except per unit amounts): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Net Earnings per OP Unit – Basic and Diluted Numerator Net income attributable to OP Unitholders $ 16,174 $ 8,853 $ 76,669 $ 58,178 Less: Distributed and undistributed earnings allocated to participating securities (163 ) (166 ) (497 ) (510 ) Numerator for adjusted net income attributable to OP Unitholders $ 16,011 $ 8,687 $ 76,172 $ 57,668 Denominator Weighted average OP Units outstanding – basic 94,047 92,424 93,487 92,419 Effect of dilutive securities: Stock options and phantom stock 473 319 442 310 Weighted average OP Units outstanding – diluted 94,520 92,743 93,929 92,729 Net Earnings per OP Unit: Basic $ 0.17 $ 0.09 $ 0.81 $ 0.62 Diluted $ 0.17 $ 0.09 $ 0.81 $ 0.62

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2016 As of December 31, 2015 Segments: East assets $ 1,076,672 $ 1,034,869 Central assets 1,096,007 1,092,315 West assets 1,438,953 1,365,471 Total segment net assets 3,611,632 3,492,655 Non-segment assets: Non-segment cash and cash equivalents 4,287 15,860 Other non-segment assets (1) 108,247 123,840 Total assets $ 3,724,166 $ 3,632,355 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 East $ 31,212 $ 25,887 $ 90,010 $ 79,184 Central 32,340 32,777 95,400 98,693 West 36,381 29,428 104,097 86,392 Rental revenues 99,933 88,092 289,507 264,269 Institutional capital management and other fees 341 333 1,039 1,134 Total revenues $ 100,274 $ 88,425 $ 290,546 $ 265,403
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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 East $ 24,919 $ 19,632 $ 69,765 $ 59,202 Central 23,084 23,327 66,825 69,648 West 28,061 22,177 80,358 65,881 Property NOI (1) 76,064 65,136 216,948 194,731 Institutional capital management and other fees 341 333 1,039 1,134 Gain on dispositions of real estate interests — — 43,052 41,086 Real estate related depreciation and amortization (40,273 ) (39,431 ) (120,244 ) (116,876 ) Casualty gain 2,440 — 2,278 — Development profit, net of taxes — — — 2,627 General and administrative expense (7,370 ) (7,720 ) (20,990 ) (24,912 ) Impairment losses — (371 ) — (371 ) Equity in earnings of unconsolidated joint ventures, net 1,164 4,493 2,983 6,336 Interest expense (15,773 ) (13,078 ) (47,830 ) (40,591 ) Interest and other income (expense) 18 (42 ) 581 (71 ) Income tax expense and other taxes (222 ) (241 ) (510 ) (712 ) Net income attributable to noncontrolling interests of the Operating Partnership (215 ) (226 ) (638 ) (4,203 ) Net income attributable to OP Unitholders 16,174 8,853 76,669 58,178 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. (614 ) (396 ) (3,300 ) (2,679 ) Net income attributable to common stockholders $ 15,560 $ 8,457 $ 73,369 $ 55,499 (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 (Details)

Organization (Details) ft² in Millions	9 Months Ended
	Sep. 30, 2016ft²projectpropertycustomerbuildingpartner	Dec. 31, 2015
Organization [Line Items]
Square feet of properties	73.5
Number of customers leased | customer	900
Development Activity [Member]
Organization [Line Items]
Square feet of properties	0.4
Number of buildings in development | building	3
Development in process (Number of projects under construction) | project	7
Development Activity [Member] | Stirling Capital Investments (SCLA) [Member]
Organization [Line Items]
Square feet of properties	0.4
Development in process (Number of projects under construction) | project	0
Consolidated Operating Properties [Member]
Organization [Line Items]
Square feet of properties	64.7
Number of properties | property	398
Occupancy rate	96.20%
Consolidated Operating Properties [Member] | Buildings Held For Sale [Member]
Organization [Line Items]
Square feet of properties	0.8
Number of Buildings | building	3
Unconsolidated Properties [Member]
Organization [Line Items]
Square feet of properties	7.8
Number of properties | property	23
Occupancy rate	97.20%
Number of institutional partners | partner	3
Redevelopment [Member]
Organization [Line Items]
Square feet of properties	0.6
Number of properties | property	4
DCT Industrial Operating Partnership LP [Member]
Organization [Line Items]
Percentage of outstanding equity ownership interest	96.10%	95.60%

Summary Of Significant Accoun29

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment			$ 16,402	$ 4,293
Continuing Operations [Member]
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment	$ 5,200	$ 900	16,400	4,300
Tenant recovery	23,300	20,600	67,800	62,800
Increase (decrease) on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations	700	800	2,100	2,300
Increase on rental revenues due to early lease terminations fees	$ 200	$ 1,200	$ 900	$ 2,400

Investment In Properties (Sched

Investment In Properties (Schedule Of Investment In Properties) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investments [Abstract]
Operating properties	$ 4,077,582	$ 3,791,721
Properties under development	141,331	242,906
Properties in pre-development	34,817	41,313
Properties under redevelopment	58,617	56,943
Land held	7,698	7,698
Total investment in properties	4,320,045	4,140,581
Less accumulated depreciation and amortization	(809,408)	(742,980)
Net investment in properties	$ 3,510,637	$ 3,397,601

Investment In Properties (Narra

Investment In Properties (Narrative) (Details) $ in Thousands, ft² in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)ft²	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)ft²	Sep. 30, 2016USD ($)ft²project	Sep. 30, 2016USD ($)ft²property	Sep. 30, 2016USD ($)aft²	Sep. 30, 2016USD ($)ft²	Sep. 30, 2016USD ($)ft²building	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Real Estate Properties [Line Items]
Square feet of properties | ft²	73.5		73.5	73.5	73.5	73.5	73.5	73.5
Cost of investment real estate acquired	$ 4,320,045		$ 4,320,045	$ 4,320,045	$ 4,320,045	$ 4,320,045	$ 4,320,045	$ 4,320,045		$ 4,140,581
Aggregate amortization expense for intangible lease assets	$ 2,800	$ 3,600					$ 9,000		$ 11,200
Disposition Activity [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	2		2	2	2	2	2	2
Number of properties resulting in gain from sale					11			1
Proceeds from dispositions of real estate investments							$ 108,600
Gain on sale of property							$ 43,100
Development Activity [Member]
Real Estate Properties [Line Items]
Number of buildings in development | building								3
Square feet of properties | ft²	0.4		0.4	0.4	0.4	0.4	0.4	0.4
Weighted average lease percentage			44.20%
Development in process (Number of projects under construction) | project				7
Area of real estate property under construction | ft²	2.4		2.4	2.4	2.4	2.4	2.4	2.4
Development Activity [Member] | Stirling Capital Investments (SCLA) [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	0.4		0.4	0.4	0.4	0.4	0.4	0.4
Development in process (Number of projects under construction) | project				0
Cincinnati, Dallas and Southern California Markets [Member]
Real Estate Properties [Line Items]
Number of buildings acquired | building								4
Square feet of properties | ft²	0.6		0.6	0.6	0.6	0.6	0.6	0.6
Payments to acquire buildings							$ 42,500
Baltimore, Washington D.C., Dallas and Denver [Member]
Real Estate Properties [Line Items]
Area of real estate property acquired | a						65.1
Cost of investment real estate acquired	$ 11,600		$ 11,600	$ 11,600	$ 11,600	$ 11,600	11,600	$ 11,600
General and Administrative Expense [Member] | Cincinnati, Dallas and Southern California Markets [Member]
Real Estate Properties [Line Items]
Acquisition costs							$ 600

Investment In Properties (Sch32

Investment In Properties (Schedule Of Intangible Lease Assets And Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Finite Lived Intangible Assets And Liabilities [Line Items]
Below market rent, Gross	$ (32,063)	$ (31,565)
Below market rent, Accumulated Amortization	10,937	9,495
Below market rent, Net	(21,126)	(22,070)
Other Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	75,810	79,718
Accumulated Amortization	(39,393)	(35,993)
Net	36,417	43,725
Above Market Rent [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	3,961	4,702
Accumulated Amortization	(1,984)	(2,280)
Net	$ 1,977	$ 2,422

Investments In And Advances T33

Investments In And Advances To Unconsolidated Joint Ventures (Details) $ in Thousands, ft² in Millions	1 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)ft²propertybuilding	Sep. 30, 2016USD ($)ft²propertybuilding	Sep. 30, 2016USD ($)ft²propertybuilding	Sep. 30, 2016USD ($)ft²propertybuilding	Sep. 30, 2016USD ($)ft²propertybuilding	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Schedule Of Equity Method Investments [Line Items]
Proceeds from sale of property				$ 1,509		$ 9,488
Number of buildings | property	23	23	23	23	23
Square feet of properties | ft²	73.5	73.5	73.5	73.5	73.5
Investments in and advances to unconsolidated joint ventures	$ 93,854	$ 93,854	$ 93,854	$ 93,854	$ 93,854		$ 82,635
Percentage of initial cash equity capital		100.00%
Profit loss sharing percentage		50.00%
Development Activity [Member]
Schedule Of Equity Method Investments [Line Items]
Square feet of properties | ft²	0.4	0.4	0.4	0.4	0.4
DCT/SPF Industrial Operating LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	20.00%	20.00%	20.00%	20.00%	20.00%
Number of buildings | property	13	13	13	13	13
Investments in and advances to unconsolidated joint ventures	$ 37,563	$ 37,563	$ 37,563	$ 37,563	$ 37,563		38,153
TRT-DCT Venture III [Member]
Schedule Of Equity Method Investments [Line Items]
Proceeds from sale of property				$ 500
Gain on sale of property	$ 100
Ownership Percentage	10.00%	10.00%	10.00%	10.00%	10.00%
Number of buildings | property	3	3	3	3	3
Investments in and advances to unconsolidated joint ventures	$ 1,564	$ 1,564	$ 1,564	$ 1,564	$ 1,564		1,972
Institutional Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of buildings | property	16	16	16	16	16
Investments in and advances to unconsolidated joint ventures	$ 39,127	$ 39,127	$ 39,127	$ 39,127	$ 39,127		40,125
Stirling Capital Investments (SCLA) [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	50.00%	50.00%	50.00%	50.00%	50.00%
Number of buildings | property	7	7	7	7	7
Investments in and advances to unconsolidated joint ventures	$ 54,727	$ 54,727	$ 54,727	$ 54,727	$ 54,727		$ 42,510
Stirling Capital Investments (SCLA) [Member] | Development Activity [Member]
Schedule Of Equity Method Investments [Line Items]
Number of buildings | building	1	1	1	1	1
Square feet of properties | ft²	0.4	0.4	0.4	0.4	0.4
Disposition Activity [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties resulting in gain from sale			11		1
Square feet of properties | ft²	2	2	2	2	2

Financial Instruments And Hed34

Financial Instruments And Hedging Activities (Summary Of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	$ 0	$ 70,000
Carrying Amounts	1,600,000	1,600,000
Interest Rate Swaps [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	(8,038)	219
Estimated Fair Value	(8,038)	219
Variable Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	150,000	225,000
Estimated Fair Value	148,380	222,649
Fixed Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	1,413,448	1,268,596
Estimated Fair Value	1,505,750	1,310,388
Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	0	70,000
Estimated Fair Value	$ 0	$ 70,000

Financial Instruments And Hed35

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	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance at January 1	$ 219	$ (167)
Net unrealized loss included in accumulated other comprehensive loss	(9,777)	(255)
Realized gain recognized in interest expense	1,520	111
Ending balance at September 30	$ (8,038)	$ (311)

Financial Instruments And Hed36

Financial Instruments And Hedging Activities (Narrative) (Details) $ in Millions	1 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Jun. 30, 2013contract	Sep. 30, 2016USD ($)	Sep. 30, 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			$ 6.3
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 as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Effective date	Dec. 1, 2015
Maturity date	Dec. 1, 2022
Notional amount of non derivative Instruments				$ 200	$ 200
Debt instrument, face value	$ 200				$ 200
Fixed interest rate	3.31%				3.31%
Derivative instruments ineffectiveness				$ 0.5
Derivative, Floor Interest Rate			0.00%	0.00%
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | London Interbank Offered Rate (LIBOR)
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Derivative, Floor Interest Rate			0.00%	0.00%
Designated to Hedge 1 Month LIBOR Rate Debt Instruments [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of pay-fixed, receive-floating interest rate swaps | contract		2
Effective date		Jun. 1, 2013
Maturity date		Jun. 1, 2023
Fixed interest rate		4.72%
Notional amount of non derivative Instruments				$ 6.7	$ 6.8

Financial Instruments And Hed37

Financial Instruments And Hedging Activities (Schedule Of Derivative Financial Instruments On Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 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	$ (9)	$ (518)	$ (9,875)	$ (973)
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	(9)	(518)	(9,875)	(973)
Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net	(1,618)	(1,155)	(5,030)	(3,466)
Amount of gain (loss) recognized in interest expense (ineffective portion and amount excluded from effectiveness testing)	$ 967	$ 0	$ (453)	$ 0

Outstanding Indebtedness (Narra

Outstanding Indebtedness (Narrative) (Details)	Aug. 08, 2016USD ($)	Sep. 30, 2016USD ($)credit_letter	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)credit_letter
Debt Instrument [Line Items]
Outstanding indebtedness		$ 1,600,000,000		$ 1,600,000,000
Proportionate share of debt associated with unconsolidated joint ventures		35,300,000		35,700,000
Total investment in properties		4,320,045,000		4,140,581,000
Total bank unsecured credit facilities		0		70,000,000
Proceeds from senior unsecured notes		250,000,000	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total bank unsecured credit facilities		0		70,000,000
Senior unsecured facility, available		396,500,000		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_letter		1		1
Mortgage Loans On Real Estate [Member]
Debt Instrument [Line Items]
Total investment in properties		$ 600,000,000		$ 600,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Proceeds from senior unsecured notes	$ 250,000,000
Notes average term		10 years
Stated interest rate		3.90%
Senior Unsecured Note, Due August 2016 [Member]
Debt Instrument [Line Items]
Repayment of debt	49,000,000
Senior Unsecured Note, Due April 2017 [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 25,000,000

Stockholders' Equity of DCT a39

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 10, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Stockholders Equity [Line Items]
Common stock, shares issued		90,882,190		88,313,891
Common stock, shares outstanding		90,882,190		88,313,891
Proceeds from issuance of common stock		$ 81,769	$ 0
Shares issued for vested restricted stock and phantoms shares and options exercised		63,000	87,000
Common stock issued on redemption of OP Units		500,000	200,000
Cash paid for redemption of partnership units		$ 1,900	$ 1,700
Redemption of OP units		500,000	100,000
Operating partnership units issued		3,700,000		4,000,000
Redemption value of outstanding OP units		$ 177,500		$ 150,900
Closing price of DCT's common stock		$ 48.55		$ 37.37
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	$ 7,300
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
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		112,000	5,000
Redemption of OP units		112,000	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		$ 36.25
DCT Industrial Operating Partnership LP [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership		96.10%		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		3,100,000
Common stock issuance end date	Sep. 10, 2018
Common stock issued through offering		1,900,000
Proceeds from issuance of common stock		$ 80,600
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		$ 43.14

Related Party Transactions (Det

Related Party Transactions (Details) - Southern California Consolidated Ventures [Member] $ in Millions	1 Months Ended		2 Months Ended	9 Months Ended
	Jan. 31, 2011agreement	Dec. 31, 2010agreement	Jan. 31, 2011agreement	Sep. 30, 2016USD ($)property
Related Party Transaction [Line Items]
Number of acquisition agreements | agreement	2	2	4
Weighted average ownership percentage				48.40%
Number of properties | property				5
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

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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator
Net income attributable to common stockholders	$ 15,560	$ 8,457	$ 73,369	$ 55,499
Less: Distributed and undistributed earnings allocated to participating securities	(163)	(166)	(497)	(510)
Numerator for adjusted net income attributable to common stockholders	$ 15,397	$ 8,291	$ 72,872	$ 54,989
Denominator
Weighted average common shares outstanding – basic (shares)	90,250	88,207	89,464	88,162
Effect of dilutive securities: Stock options and phantom stock (shares)	473	319	442	310
Weighted average common shares outstanding – diluted (shares)	90,723	88,526	89,906	88,472
Net Earnings per Common Share:
Basic (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
Diluted (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
DCT Industrial Operating Partnership LP [Member]
Numerator
Net income attributable to common stockholders	$ 16,174	$ 8,853	$ 76,669	$ 58,178
Less: Distributed and undistributed earnings allocated to participating securities	(163)	(166)	(497)	(510)
Numerator for adjusted net income attributable to common stockholders	$ 16,011	$ 8,687	$ 76,172	$ 57,668
Denominator
Weighted average common shares outstanding – basic (shares)	94,047	92,424	93,487	92,419
Effect of dilutive securities: Stock options and phantom stock (shares)	473	319	442	310
Weighted average common shares outstanding – diluted (shares)	94,520	92,743	93,929	92,729
Net Earnings per Common Share:
Basic (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62
Diluted (in dollars per share)	$ 0.17	$ 0.09	$ 0.81	$ 0.62

Earnings Per Share_Unit (Narrat

Earnings Per Share/Unit (Narrative) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
OP Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities	3.8	4.2	4	4.3

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 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	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 3,724,166	$ 3,632,355
Non-segment cash and cash equivalents	7,073	18,412	$ 11,783	$ 19,631
Other non-segment assets	23,244	15,964
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	3,611,632	3,492,655
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,076,672	1,034,869
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,096,007	1,092,315
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,438,953	1,365,471
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Non-segment cash and cash equivalents	4,287	15,860
Other non-segment assets	$ 108,247	$ 123,840

Segment Information (Reconcilia

Segment Information (Reconciliation Of Segment Rental Revenues To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Rental revenues	$ 99,933	$ 88,092	$ 289,507	$ 264,269
Institutional capital management and other fees	341	333	1,039	1,134
Total revenues	100,274	88,425	290,546	265,403
East Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenues	31,212	25,887	90,010	79,184
Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenues	32,340	32,777	95,400	98,693
West Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenues	$ 36,381	$ 29,428	$ 104,097	$ 86,392

Segment Information (Reconcil46

Segment Information (Reconciliation Of Property Net Operating Income To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Total property NOI	$ 31,202	$ 17,947	$ 79,031	$ 53,706
Institutional capital management and other fees	341	333	1,039	1,134
Gain on dispositions of real estate interests	0	0	43,052	41,086
Real estate related depreciation and amortization	(40,273)	(39,431)	(120,244)	(116,876)
Development profit, net of taxes	0	0	0	2,627
General and administrative	(7,370)	(7,720)	(20,990)	(24,912)
Impairment losses	0	(371)	0	(371)
Equity in earnings of unconsolidated joint ventures, net	1,164	4,493	2,983	6,336
Interest expense	(15,773)	(13,078)	(47,830)	(40,591)
Interest and other income (expense)	18	(42)	581	(71)
Income tax expense and other taxes	(222)	(241)	(510)	(712)
Net income attributable to noncontrolling interests	(829)	(622)	(3,938)	(6,882)
Net income attributable to OP Unitholders	15,560	8,457	73,369	55,499
DCT Industrial Operating Partnership LP [Member]
Segment Reporting Information [Line Items]
Total property NOI	31,202	17,947	79,031	53,706
Institutional capital management and other fees	341	333	1,039	1,134
Gain on dispositions of real estate interests	0	0	43,052	41,086
Real estate related depreciation and amortization	(40,273)	(39,431)	(120,244)	(116,876)
Development profit, net of taxes	0	0	0	2,627
General and administrative	(7,370)	(7,720)	(20,990)	(24,912)
Impairment losses	0	(371)	0	(371)
Equity in earnings of unconsolidated joint ventures, net	1,164	4,493	2,983	6,336
Interest expense	(15,773)	(13,078)	(47,830)	(40,591)
Interest and other income (expense)	18	(42)	581	(71)
Income tax expense and other taxes	(222)	(241)	(510)	(712)
Net income attributable to noncontrolling interests	(215)	(226)	(638)	(4,203)
Net income attributable to OP Unitholders	16,174	8,853	76,669	58,178
Noncontrolling interests of DCT Industrial Trust Inc. [Member]
Segment Reporting Information [Line Items]
Net income attributable to noncontrolling interests	(614)	(396)	(3,300)	(2,679)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total property NOI	76,064	65,136	216,948	194,731
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total property NOI	24,919	19,632	69,765	59,202
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total property NOI	23,084	23,327	66,825	69,648
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total property NOI	28,061	22,177	80,358	65,881
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Institutional capital management and other fees	341	333	1,039	1,134
Gain on dispositions of real estate interests	0	0	43,052	41,086
Real estate related depreciation and amortization	(40,273)	(39,431)	(120,244)	(116,876)
Casualty gain	2,440	0	2,278	0
General and administrative	(7,370)	(7,720)	(20,990)	(24,912)
Impairment losses	0	(371)	0	(371)
Equity in earnings of unconsolidated joint ventures, net	1,164	4,493	2,983	6,336
Interest expense	(15,773)	(13,078)	(47,830)	(40,591)
Interest and other income (expense)	18	(42)	581	(71)
Income tax expense and other taxes	$ (222)	$ (241)	$ (510)	$ (712)

Assets Held for Sale (Details)

Assets Held for Sale (Details)	Sep. 30, 2016building
Buildings Held For Sale [Member] | East Operating Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number real estate properties held for sale	3