DCT Industrial Operating Partnership 10-Q 3 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 27, 2017
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, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		93,132,801
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, 2017
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Land	$ 1,146,298	$ 1,075,995
Buildings and improvements	3,260,147	3,202,293
Intangible lease assets	70,497	78,356
Construction in progress	167,034	72,829
Total investment in properties	4,643,976	4,429,473
Less accumulated depreciation and amortization	(918,142)	(839,773)
Net investment in properties	3,725,834	3,589,700
Investments in and advances to unconsolidated joint ventures	72,223	95,606
Net investment in real estate	3,798,057	3,685,306
Cash and cash equivalents	13,446	10,286
Restricted cash	32,269	7,346
Straight-line rent and other receivables, net of allowance for doubtful accounts of $809 and $379, respectively	79,484	79,889
Other assets, net	27,226	25,315
Assets held for sale	1,521	0
Total assets	3,952,003	3,808,142
Liabilities:
Accounts payable and accrued expenses	113,697	93,097
Distributions payable	29,995	29,622
Tenant prepaids and security deposits	34,481	32,884
Other liabilities	36,980	37,403
Intangible lease liabilities, net	19,287	21,421
Line of credit	206,000	75,000
Senior unsecured notes	1,328,435	1,351,969
Mortgage notes	161,882	201,959
Liabilities related to assets held for sale	18	0
Total liabilities	1,930,775	1,843,355
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 93,018,193 and 91,516,113 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	930	915
Additional paid-in capital	2,946,446	2,884,806
Distributions in excess of earnings	(1,009,962)	(1,006,125)
Accumulated other comprehensive loss	(14,985)	(17,530)
Total stockholders’ equity	1,922,429	1,862,066
Noncontrolling interests	98,799	102,721
Total equity	2,021,228	1,964,787
Total liabilities and equity	3,952,003	3,808,142
DCT Industrial Operating Partnership LP [Member]
ASSETS
Land	1,146,298	1,075,995
Buildings and improvements	3,260,147	3,202,293
Intangible lease assets	70,497	78,356
Construction in progress	167,034	72,829
Total investment in properties	4,643,976	4,429,473
Less accumulated depreciation and amortization	(918,142)	(839,773)
Net investment in properties	3,725,834	3,589,700
Investments in and advances to unconsolidated joint ventures	72,223	95,606
Net investment in real estate	3,798,057	3,685,306
Cash and cash equivalents	13,446	10,286
Restricted cash	32,269	7,346
Straight-line rent and other receivables, net of allowance for doubtful accounts of $809 and $379, respectively	79,484	79,889
Other assets, net	27,226	25,315
Assets held for sale	1,521	0
Total assets	3,952,003	3,808,142
Liabilities:
Accounts payable and accrued expenses	113,697	93,097
Distributions payable	29,995	29,622
Tenant prepaids and security deposits	34,481	32,884
Other liabilities	36,980	37,403
Intangible lease liabilities, net	19,287	21,421
Line of credit	206,000	75,000
Senior unsecured notes	1,328,435	1,351,969
Mortgage notes	161,882	201,959
Liabilities related to assets held for sale	18	0
Total liabilities	1,930,775	1,843,355
Equity:
General Partner: OP Units, 954,658 and 950,442 issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	20,221	19,699
Limited Partner: OP Units, 94,511,145 and 94,093,805 issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	2,001,842	1,950,191
Accumulated other comprehensive loss	(15,520)	(18,220)
Total partners' capital	2,006,543	1,951,670
Noncontrolling interests	14,685	13,117
Total capital	2,021,228	1,964,787
Total liabilities and equity	$ 3,952,003	$ 3,808,142

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Straight-line rent and other receivables, allowance for doubtful accounts	$ 809	$ 379
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	93,018,193	91,516,113
Common stock, shares outstanding	93,018,193	91,516,113
DCT Industrial Operating Partnership LP [Member]
Straight-line rent and other receivables, allowance for doubtful accounts	$ 809	$ 379
General Partner: OP Units issued	963,492	950,442
General Partner: OP Units outstanding	963,492	950,442
Limited Partner: OP Units issued	95,385,684	94,093,805
Limited Partner: OP Units outstanding	95,385,684	94,093,805

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUES:
Rental revenues	$ 104,873	$ 99,933	$ 314,514	$ 289,507
Institutional capital management and other fees	307	341	1,083	1,039
Total revenues	105,180	100,274	315,597	290,546
OPERATING EXPENSES:
Rental expenses	9,183	8,795	27,871	27,830
Real estate taxes	16,023	15,074	48,318	44,729
Real estate related depreciation and amortization	42,427	40,273	125,479	120,244
General and administrative	7,138	7,370	22,151	20,990
Casualty gain	0	(2,440)	(270)	(2,278)
Total operating expenses	74,771	69,072	223,549	211,515
Operating income	30,409	31,202	92,048	79,031
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	982	1,164	5,235	2,983
Gain on dispositions of real estate interests	11,556	0	39,658	43,052
Interest expense	(16,022)	(15,773)	(49,582)	(47,830)
Interest and other income (expense)	(1)	18	(13)	581
Impairment loss on land	0	0	(938)	0
Income tax benefit (expense) and other taxes	56	(222)	(147)	(510)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	26,980	16,389	86,261	77,307
Net income attributable to noncontrolling interests	(1,199)	(829)	(3,887)	(3,938)
Net income attributable to common stockholders and OP unitholders	25,781	15,560	82,374	73,369
Distributed and undistributed earnings allocated to participating securities	(159)	(163)	(482)	(497)
Adjusted net income attributable to Common Stockholders' and OP Unitholders	$ 25,622	$ 15,397	$ 81,892	$ 72,872
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.28	$ 0.17	$ 0.89	$ 0.81
Diluted (in dollars per share)	$ 0.28	$ 0.17	$ 0.89	$ 0.81
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)	92,981,000	90,250,000	92,351,000	89,464,000
Diluted (shares)	93,078,000	90,723,000	92,467,000	89,906,000
Distributions declared per common share (in dollars per share)	$ 0.31	$ 0.29	$ 0.93	$ 0.87
DCT Industrial Operating Partnership LP [Member]
REVENUES:
Rental revenues	$ 104,873	$ 99,933	$ 314,514	$ 289,507
Institutional capital management and other fees	307	341	1,083	1,039
Total revenues	105,180	100,274	315,597	290,546
OPERATING EXPENSES:
Rental expenses	9,183	8,795	27,871	27,830
Real estate taxes	16,023	15,074	48,318	44,729
Real estate related depreciation and amortization	42,427	40,273	125,479	120,244
General and administrative	7,138	7,370	22,151	20,990
Casualty gain	0	(2,440)	(270)	(2,278)
Total operating expenses	74,771	69,072	223,549	211,515
Operating income	30,409	31,202	92,048	79,031
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	982	1,164	5,235	2,983
Gain on dispositions of real estate interests	11,556	0	39,658	43,052
Interest expense	(16,022)	(15,773)	(49,582)	(47,830)
Interest and other income (expense)	(1)	18	(13)	581
Impairment loss on land	0	0	(938)	0
Income tax benefit (expense) and other taxes	56	(222)	(147)	(510)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	26,980	16,389	86,261	77,307
Net income attributable to noncontrolling interests	(262)	(215)	(742)	(638)
Net income attributable to common stockholders and OP unitholders	26,718	16,174	85,519	76,669
Distributed and undistributed earnings allocated to participating securities	(159)	(163)	(482)	(497)
Adjusted net income attributable to Common Stockholders' and OP Unitholders	$ 26,559	$ 16,011	$ 85,037	$ 76,172
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.28	$ 0.17	$ 0.89	$ 0.81
Diluted (in dollars per share)	$ 0.28	$ 0.17	$ 0.89	$ 0.81
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)	96,377,000	94,047,000	95,877,000	93,487,000
Diluted (shares)	96,474,000	94,520,000	95,993,000	93,929,000
Distributions declared per common share (in dollars per share)	$ 0.31	$ 0.29	$ 0.93	$ 0.87

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Consolidated net income	$ 26,980	$ 16,389	$ 86,261	$ 77,307
Other comprehensive income (loss):
Net derivative loss on cash flow hedging instruments	(285)	(9)	(1,445)	(9,875)
Net reclassification adjustment on cash flow hedging instruments	1,253	1,618	4,153	5,030
Other comprehensive income (loss)	968	1,609	2,708	(4,845)
Comprehensive income	27,948	17,998	88,969	72,462
Comprehensive income attributable to noncontrolling interests	(1,269)	(1,022)	(4,050)	(3,767)
Comprehensive income attributable to common stockholders and OP unitholders	26,679	16,976	84,919	68,695
DCT Industrial Operating Partnership LP [Member]
Consolidated net income	26,980	16,389	86,261	77,307
Other comprehensive income (loss):
Net derivative loss on cash flow hedging instruments	(285)	(9)	(1,445)	(9,875)
Net reclassification adjustment on cash flow hedging instruments	1,253	1,618	4,153	5,030
Other comprehensive income (loss)	968	1,609	2,708	(4,845)
Comprehensive income	27,948	17,998	88,969	72,462
Comprehensive income attributable to noncontrolling interests	(267)	(240)	(750)	(527)
Comprehensive income attributable to common stockholders and OP unitholders	$ 27,681	$ 17,758	$ 88,219	$ 71,935

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - 9 months ended Sep. 30, 2017 - 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, 2016	$ 1,964,787	$ 915	$ 2,884,806	$ (1,006,125)	$ (17,530)	$ 102,721
Balance, shares at Dec. 31, 2016	91,516,113	91,516,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 86,261			82,374		3,887
Other comprehensive income	2,708				2,545	163
Issuance of common stock, net of offering costs, value	59,437	$ 12	59,425
Issuance of common stock, net of offering costs, shares		1,179,000
Issuance of common stock, stock-based compensation plans, value	$ (1,459)	$ 1	(1,460)
Issuance of common stock, stock-based compensation plans, shares	72,000	72,000
Amortization of stock-based compensation	$ 5,603		1,518			4,085
Distributions to common stockholders and noncontrolling interests	(90,276)			(86,211)		(4,065)
Capital contributions from noncontrolling interests	1,277					1,277
Redemptions of noncontrolling interests, value	$ (7,110)	$ 2	2,157			(9,269)
Redemptions of noncontrolling interests, shares	300,000	251,000
Balance, value at Sep. 30, 2017	$ 2,021,228	$ 930	$ 2,946,446	$ (1,009,962)	$ (14,985)	$ 98,799
Balance, shares at Sep. 30, 2017	93,018,193	93,018,000

Consolidated Statement Of Chan7

Consolidated Statement Of Changes In Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period		$ (17,530)
Net income	$ 26,980	86,261
Other comprehensive income	968	2,708
Amortization of stock-based compensation		5,603
Capital contributions from noncontrolling interests		1,277
Balance at end of period	(14,985)	(14,985)
Non-Controlling Interests [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income		3,887
Other comprehensive income		163
Amortization of stock-based compensation		4,085
Capital contributions from noncontrolling interests		1,277
DCT Industrial Operating Partnership LP [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period		1,964,787
Balance at beginning of period		19,699
Balance at beginning of period		1,950,191
Balance at beginning of period		(18,220)
Balance at beginning of period		13,117
Net income	26,980	86,261
Other comprehensive income	968	2,708
Issuance of OP Units, net of selling costs		59,437
Issuance of OP Units, share-based compensation plans		(1,459)
Amortization of stock-based compensation		5,603
Distributions to OP Unitholders and noncontrolling interests		(90,276)
Capital contributions from noncontrolling interests		1,277
Redemption of limited partner OP Units, net		(7,110)
Balance at end of period	2,021,228	2,021,228
Balance at end of period	20,221	20,221
Balance at end of period	2,001,842	2,001,842
Balance at end of period	(15,520)	(15,520)
Balance at end of period	14,685	14,685
DCT Industrial Operating Partnership LP [Member] | Non-Controlling Interests [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period		13,117
Net income		742
Other comprehensive income		8
Distributions to OP Unitholders and noncontrolling interests		(459)
Capital contributions from noncontrolling interests		1,277
Balance at end of period	$ 14,685	$ 14,685
DCT Industrial Operating Partnership LP [Member] | General Partner [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period, Units		950
Balance at beginning of period		$ 19,699
Net income		855
Distributions to OP Unitholders and noncontrolling interests		$ (898)
Conversion of limited partner OP Units to OP Units of general partner, Units		14
Conversion of limited partner OP Units to OP Units of general partner		$ 565
Balance at end of period, Units	964	964
Balance at end of period	$ 20,221	$ 20,221
DCT Industrial Operating Partnership LP [Member] | Limited Partners [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period, Units		94,094
Balance at beginning of period		$ 1,950,191
Net income		$ 84,664
Issuance of OP Units, net of selling costs, Units		1,179
Issuance of OP Units, net of selling costs		$ 59,437
Issuance of OP Units, share-based compensation plans, Units		259
Issuance of OP Units, share-based compensation plans		$ (1,459)
Amortization of stock-based compensation		5,603
Distributions to OP Unitholders and noncontrolling interests		$ (88,919)
Redemption of limited partner OP Units, Units		(133)
Redemption of limited partner OP Units, net		$ (7,110)
Conversion of limited partner OP Units to OP Units of general partner, Units		(14)
Conversion of limited partner OP Units to OP Units of general partner		$ (565)
Balance at end of period, Units	95,385	95,385
Balance at end of period	$ 2,001,842	$ 2,001,842
DCT Industrial Operating Partnership LP [Member] | Accumulated Other Comprehensive Loss [Member]
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of period		(18,220)
Other comprehensive income		2,700
Balance at end of period	$ (15,520)	$ (15,520)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES:
Consolidated net income	$ 86,261	$ 77,307
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization	125,479	120,244
Gain on dispositions of real estate interests	(39,658)	(43,052)
Distributions of earnings from unconsolidated joint ventures	5,219	4,423
Equity in earnings of unconsolidated joint ventures, net	(5,235)	(2,983)
Impairment loss on land	938	0
Stock-based compensation	4,552	4,153
Casualty gain	270	2,278
Straight-line rent	(4,222)	(16,402)
Other	4,248	3,242
Changes in operating assets and liabilities:
Other receivables and other assets	1,945	(8,749)
Accounts payable, accrued expenses and other liabilities	5,086	22,280
Net cash provided by operating activities	184,343	158,185
INVESTING ACTIVITIES:
Real estate acquisitions	(123,273)	(54,594)
Capital expenditures and development activities	(162,967)	(229,955)
Proceeds from dispositions of real estate investments	83,029	106,126
Investments in unconsolidated joint ventures	(13,711)	(15,081)
Proceeds from casualties	300	3,446
Distributions of investments in unconsolidated joint ventures	36,396	1,509
Other investing activities	(4,166)	(4,377)
Net cash used in investing activities	(184,392)	(192,926)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	287,000	173,000
Repayments of senior unsecured revolving line of credit	(156,000)	(243,000)
Proceeds from senior unsecured notes	51,940	250,000
Repayments of senior unsecured notes	(76,000)	(174,000)
Principal payments on mortgage notes	(39,411)	(5,001)
Net settlement on issuance of stock-based compensation awards	(1,459)	(690)
Proceeds from issuance of common stock	60,694	81,769
Offering costs for issuance of common stock and OP Units	(1,257)	(1,198)
Redemption of noncontrolling interests	(7,110)	(2,400)
Dividends to common stockholders	(85,749)	(77,610)
Distributions to noncontrolling interests	(4,154)	(4,604)
Contributions from noncontrolling interests	532	134
Other financing activity	(790)	(1,590)
Net cash provided by (used in) financing activities	28,236	(5,190)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	28,187	(39,931)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	18,074	49,878
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	46,261	9,947
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	45,123	40,956
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	25,228	23,871
Redemptions of OP Units settled in shares of common stock	2,159	14,338
Non-cash contributions from noncontrolling interests	745	0
Decrease (increase) in capital expenditures accruals	(15,674)	8,096
DCT Industrial Operating Partnership LP [Member]
OPERATING ACTIVITIES:
Consolidated net income	86,261	77,307
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization	125,479	120,244
Gain on dispositions of real estate interests	(39,658)	(43,052)
Distributions of earnings from unconsolidated joint ventures	5,219	4,423
Equity in earnings of unconsolidated joint ventures, net	(5,235)	(2,983)
Impairment loss on land	938	0
Stock-based compensation	4,552	4,153
Casualty gain	270	2,278
Straight-line rent	(4,222)	(16,402)
Other	4,248	3,242
Changes in operating assets and liabilities:
Other receivables and other assets	1,945	(8,749)
Accounts payable, accrued expenses and other liabilities	5,086	22,280
Net cash provided by operating activities	184,343	158,185
INVESTING ACTIVITIES:
Real estate acquisitions	(123,273)	(54,594)
Capital expenditures and development activities	(162,967)	(229,955)
Proceeds from dispositions of real estate investments	83,029	106,126
Investments in unconsolidated joint ventures	(13,711)	(15,081)
Proceeds from casualties	300	3,446
Distributions of investments in unconsolidated joint ventures	36,396	1,509
Other investing activities	(4,166)	(4,377)
Net cash used in investing activities	(184,392)	(192,926)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	287,000	173,000
Repayments of senior unsecured revolving line of credit	(156,000)	(243,000)
Proceeds from senior unsecured notes	51,940	250,000
Repayments of senior unsecured notes	(76,000)	(174,000)
Principal payments on mortgage notes	(39,411)	(5,001)
Net settlement on issuance of stock-based compensation awards	(1,459)	(690)
Proceeds from the issuance of OP Units in exchange for contributions from the REIT, net	59,437	80,571
OP Unit redemptions	(7,110)	(2,400)
Dividends to common stockholders	(89,444)	(81,538)
Distributions to noncontrolling interests	(459)	(676)
Contributions from noncontrolling interests	532	134
Other financing activity	(790)	(1,590)
Net cash provided by (used in) financing activities	28,236	(5,190)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	28,187	(39,931)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	18,074	49,878
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	46,261	9,947
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	45,123	40,956
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	25,228	23,871
Non-cash contributions from noncontrolling interests	745	0
Decrease (increase) in capital expenditures accruals	$ (15,674)	$ 8,096

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties located in high-demand distribution markets in the United States. DCT's actively managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. As used herein, the terms “Company,” “we,” “our” and “us” refer to DCT Industrial Trust Inc. and its subsidiaries, including its operating partnership, DCT Industrial Operating Partnership LP. When we use the term “DCT” or “DCT Industrial,” we are referring to DCT Industrial Trust Inc. by itself, and not including any of its subsidiaries, and when we use the term “Operating Partnership,” we are referring to DCT Industrial Operating Partnership LP by itself, and not including any of its subsidiaries. DCT was formed as a Maryland corporation in April 2002 and has elected to be treated as a real estate investment trust, or REIT, for U.S. federal income tax purposes. We are structured as an umbrella partnership REIT under which substantially all our current and future business is, and will be, conducted through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP, a Delaware limited partnership, for which DCT is the sole general partner. DCT owns properties through the Operating Partnership and its subsidiaries. As of September 30, 2017 , DCT owned approximately 96.5% of the outstanding equity interests in the Operating Partnership. As of September 30, 2017 , the Company owned interests in approximately 73.7 million square feet of properties leased to approximately 870 customers, including: • 64.1 million square feet comprising 400 consolidated operating properties, including one property totaling 14,000 square feet classified as held for sale, that were 98.0% occupied; • 7.6 million square feet comprising 21 unconsolidated properties that were 98.4% occupied and which we operated on behalf of one institutional capital management partner and an unconsolidated joint venture; • 0.2 million square feet comprising two consolidated value-add acquisitions; • 0.1 million square feet comprising one consolidated property under redevelopment; and • 1.7 million square feet comprising six consolidated properties developed by DCT which are shell-construction complete and in lease-up. In addition, the Company has 18 projects under construction and several projects in pre-development. See “Note 3 – Investment in Properties” for further details related to our development activity.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements include all adjustments, consisting of normal recurring items, necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with our audited Consolidated Financial Statements as of December 31, 2016 and related notes thereto included in our Form 10-K filed on February 17, 2017. 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 (or equivalent body), the size of our investment (including loans), our obligation or right to absorb its losses or receive its benefits and our ability to participate in major decisions. If a joint venture does not meet the characteristics of a VIE, we apply the voting interest model to determine whether the entity should be consolidated. Our ability to assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and our financial position and results of operations. We concluded our Operating Partnership meets the criteria of a VIE as the Operating Partnership’s limited partners do not have the right to remove the general partner and do not have substantive participating rights in the operations of the Operating Partnership. Under the Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”), DCT is the primary beneficiary of the Operating Partnership as we have the obligation to absorb losses and receive benefits, and the power to control substantially all the activities which most significantly impact the economic performance of the Operating Partnership. Accordingly, the Operating Partnership is consolidated within DCT’s financial statements. Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash held in financial institutions and other highly liquid short-term investments with original maturities of three months or less. We have not realized any losses in our cash and cash equivalents and believe that these short-term instruments are not exposed to any significant credit risk. Restricted cash consists of escrow deposits held by lenders for real estate taxes, insurance and capital replacement reserves, security deposits and amounts held by intermediary agents to be used for tax-deferred, like-kind exchange transactions. As of September 30, 2017 , approximately $29.7 million of restricted cash was included in “Cash, Cash Equivalents and Restricted Cash” in our Consolidated Statements of Cash Flows related to tax deferred, like-kind exchange transactions. For the nine months ended September 30, 2016 , all funds that had been obtained in tax deferred, like-kind exchange transactions were utilized during 2016 . The following table presents a reconciliation of cash, cash equivalents and restricted cash reported within our Consolidated Balance Sheets to amounts reported within our Consolidated Statements of Cash Flows (in thousands): As of September 30, 2017 2016 Cash and cash equivalents $ 13,446 $ 7,073 Restricted cash 32,269 2,417 Restricted cash included in Other assets, net 546 457 Total cash, cash equivalents and restricted cash $ 46,261 $ 9,947 Revenue Recognition At the inception of a new lease arrangement, including new leases that arise from amendments, we assess the terms and conditions to determine the proper lease classification. A lease arrangement is classified as an operating lease if none of the following criteria are met: (i) transfer of ownership to the lessee, (ii) lessee has a bargain purchase option during or at the end of the lease term, (iii) the lease term is equal to 75% or more of the underlying property’s economic life, or (iv) the present value of future minimum lease payments (excluding executory costs) are equal to 90% or more of the excess estimated fair value (over retained investment tax credits) of the leased building. Generally, our leases do not meet any of the listed criteria above and are classified as operating leases. We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, receivables from tenants that we expect to collect over the remaining lease term are recorded on the balance sheet as straight-line rent receivables. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $8,000 and $4.2 million for the three and nine months ended September 30, 2017 , respectively, and approximately $5.2 million and $16.4 million for the three and nine months ended September 30, 2016 , respectively. If the lease provides for tenant improvements, we determine whether the tenant improvements are owned by the tenant or us. When we are the owner of the tenant improvements, the tenant generally is not considered to have taken physical possession or have control of the leased asset until the tenant improvements are substantially complete. When we are the owner of the tenant improvements, any tenant improvements funded by the tenant are treated as lease payments which are deferred and amortized into rental revenues over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of rental revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company 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 $25.5 million and $76.1 million for the three and nine months ended September 30, 2017 , respectively, and approximately $23.3 million and $67.8 million for the three and nine months ended September 30, 2016 , 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 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 $0.8 million and $2.2 million for the three and nine months ended September 30, 2017 , respectively, and approximately $0.7 million and $2.1 million for the three and nine months ended September 30, 2016 , 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. Early lease termination fees were approximately $0.3 million and $1.2 million for the three and nine months ended September 30, 2017 , respectively, and approximately $0.2 million and $0.9 million for the three and nine months ended September 30, 2016 , 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. New Accounting Standards New Accounting Standards Adopted In March 2016, the Financial Accounting Standards Boards (“FASB”) issued an accounting standard update (“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. Effective January 1, 2017, we elected to account for forfeitures as they occur, rather than estimate expected forfeitures. The adoption of the guidance was applied prospectively and did not have a significant impact on our Consolidated Financial Statements or Consolidated Statements of Cash Flows. In January 2017, the FASB issued an ASU that clarifies the definition of a business. The ASU is effective for reporting periods beginning after December 15, 2017, with early adoption permitted. We adopted this standard prospectively effective January 1, 2017. As a result, we anticipate that fewer of our acquisitions made in the normal course of business will meet the definition of a business, as our typical acquisitions consist of properties whereby substantially all the fair value of gross assets acquired is concentrated in a single asset (land, building and in-place leases). In August 2017, the FASB issued an ASU that modifies existing accounting standards for hedging to better align a company's financial reporting for hedging activities with its economic objectives. The new standard changes the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results, expands and refines hedge accounting for both nonfinancial and financial risk components, and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The ASU is effective for reporting periods beginning after December 15, 2018. Early adoption is permitted, and we adopted this standard using the modified retrospective transition method in September 2017. The adoption of this standard resulted in a cumulative adjustment of $414,000 recorded as a decrease to Accumulated Other Comprehensive Loss and an increase to Distributions in Excess of Earnings as of December 31, 2016 . Additionally, the effects of this standard were applied to the current period resulting in an increase to Other Comprehensive Loss and a decrease to Interest Expense of $6,000 for the three and nine months ended September 30, 2017 . New Accounting Standards Issued but not yet Adopted In May 2014, FASB issued ASU 2014-09 Revenue from Contracts with Customers (“ASU 2014-09”), that requires companies to recognize revenue from contracts with customers based upon the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. The FASB subsequently issued additional ASUs which improve guidance and provide clarification of the new standard. The guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for fiscal years beginning after December 15, 2016. The Company expects to adopt the standard effective January 1, 2018 and utilize the modified retrospective transition method. We have developed a project plan and are in the process of evaluating and concluding on the appropriate accounting for our revenue streams. Given the nature of our business, our primary revenue stream is from relatively short-term operating leases with tenants. Additionally, our historical property dispositions have been cash sales with no contingencies and no future involvement in the property operations. We do not expect the adoption of this standard will have a significant impact on our Consolidated Financial Statements and related disclosures. In February 2016, the FASB issued an ASU that modifies existing accounting standards for lease accounting. The new standard requires a lessee to record a lease asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. Leases in which we are the lessee will generally be accounted for as operating leases and we will record a lease asset and a lease liability. Leases in which we are the lessors will be accounted as sales-type leases, direct financing leases or operating leases. Revenue related to the lease components of a lease contract will be recognized on a straight-line basis while revenue related to non-lease components will be recognized under ASU 2014-09. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption permitted for fiscal years beginning after December 15, 2016. Leases in which we are the lessor will continue to be accounted for as operating leases with minimal impact on the Company's financial condition or results of operation; however, this standard may impact the timing of recognition and disclosures related to our tenant recovery income earned from leasing our consolidated operating properties. Additionally, the standard only allows for the capitalization of the initial direct costs that would have been incurred if the lease had not been obtained. The adoption of this guidance will impact our current policy regarding the capitalization of internal direct costs related to the successful origination of new leases. During the nine months ended September 30, 2017, we capitalized $2.2 million of internal direct costs related to successful origination of new leases. The standard requires a modified retrospective transition approach for all capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with an option to use certain transition relief. The Company expects to adopt this standard effective January 1, 2019.

Investment In Properties

Investment In Properties	9 Months Ended
	Sep. 30, 2017
Investments [Abstract]
Investment In Properties	Investment in Properties Our consolidated investment in properties consists of our operating portfolio, value-add acquisitions, properties under development, properties in pre-development, redevelopment properties and land held for development or other purposes. The historical cost of our investment in properties was (in thousands): As of September 30, 2017 As of December 31, 2016 Operating portfolio $ 4,219,891 $ 4,123,130 Value-add acquisitions (1) 20,972 54,512 Properties under development 338,982 161,381 Properties in pre-development 50,858 52,998 Properties under redevelopment (2) 9,247 29,754 Land held (3) 4,026 7,698 Total investment in properties 4,643,976 4,429,473 Less accumulated depreciation and amortization (918,142 ) (839,773 ) Net investment in properties $ 3,725,834 $ 3,589,700 (1) Consolidated properties that were acquired and upon acquisition met either of the following criteria: • Occupancy of less than 75% upon acquisition; or • Occupancy of less than 75% expected to occur due to known move-outs within 24 months of the acquisition date. Consolidated properties that were acquired vacant or with known move-outs within 24 months of the acquisition date with the intention to have the property out of service for significant physical renovations are classified as redevelopment properties. (2) Represents properties out of service while significant physical renovation of the property is underway or while the property is in lease-up subsequent to such renovation. May include properties taken out of service to change the properties' use and/or enhance its functionality. (3) Land held that is not intended to be improved or developed in the near future. Acquisition Activity During the nine months ended September 30, 2017 , we acquired four buildings totaling approximately 0.5 million square feet located in our Denver, Northern California, Orlando and Southern California markets for a total purchase price of approximately $81.7 million . Development Activity Our properties under development include the following: • Six buildings in our Atlanta, Dallas, Miami and Seattle markets totaling approximately 1.7 million square feet that we completed shell-construction as of September 30, 2017 with cumulative costs to date of approximately $108.2 million . These properties are 45.4% leased and occupied based on weighted average square feet as of September 30, 2017 . • Eighteen projects under construction totaling approximately 4.1 million square feet with cumulative costs to date of approximately $230.7 million . During the nine months ended September 30, 2017 , we acquired approximately 186.8 acres of land for development in our Dallas, Houston, New Jersey, Northern California, Orlando, Pennsylvania and Seattle markets for approximately $39.4 million . During June 2017, we determined the carrying value of one land parcel in Reno, Nevada, within our West operating segment, exceeded its estimated fair value and recorded an impairment loss on land of approximately $0.9 million . The estimated fair value of the land was based upon a quoted market price, a Level 2 fair value measurement. Disposition Activity During the nine months ended September 30, 2017 , we sold six consolidated operating properties totaling approximately 1.2 million square feet from our Baltimore/Washington D.C., Cincinnati, Louisville, Northern California and Phoenix markets to third-parties for gross proceeds of approximately $83.3 million . We recognized gains of approximately $39.7 million on the disposition of these 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 $2.5 million and $7.9 million for the three and nine months ended September 30, 2017 , respectively, and approximately $2.8 million and $9.0 million for the three and nine months ended September 30, 2016 , respectively. Our intangible lease assets and liabilities included the following (in thousands): As of September 30, 2017 As of December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 67,363 $ (38,580 ) $ 28,783 $ 75,085 $ (39,438 ) $ 35,647 Above market rent $ 3,134 $ (1,642 ) $ 1,492 $ 3,271 $ (1,396 ) $ 1,875 Below market rent $ (29,460 ) $ 10,173 $ (19,287 ) $ (33,029 ) $ 11,608 $ (21,421 )

Investments In And Advances To

Investments In And Advances To Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2017
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 May 2017, the Southern California Logistics Airport (“SCLA”) joint venture entered into a $30.0 million secured fixed rate term note with a maturity date of May 2024. The proceeds were used to pay down a portion of the existing term note maturing in October 2017 and as a return of contributions to the joint venture partners. During June 2017, the TRT-DCT Venture III disposed of its three remaining properties. We received approximately $2.7 million for our share of the gross proceeds and recognized our share of the gain on the sale of approximately $1.2 million , which is included in "Equity in earnings of unconsolidated joint ventures, net" in our Consolidated Statements of Operations. During June 2017, the SCLA joint venture completed development activities and stabilized one building totaling 0.4 million square feet. During July 2017, the SCLA joint venture entered into a $13.5 million secured variable rate term note which bears interest at a variable rate equal to LIBOR plus a margin of 2.50% per annum with a maturity date of July 2024. The proceeds were used as a return of contributions to the joint venture partners. During August 2017, the SCLA joint venture entered into a pay-fixed, receive-floating interest rate swap which effectively fixes the interest rate on the related debt instrument at 4.55% with a maturity date of July 2024. In October 2017, the SCLA joint venture entered into an agreement to extend the maturity date of its $61.0 million secured construction loan from October 2017 to October 2019. The following table summarizes our unconsolidated joint ventures (dollars in thousands): As of September 30, 2017 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 $ 36,962 $ 37,588 TRT-DCT Venture III 10.0 % — 273 1,546 Total Institutional Joint Ventures 13 37,235 39,134 Other: SCLA (1) 50.0 % 8 34,988 56,472 Total 21 $ 72,223 $ 95,606 (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, 2017
Fair Value Disclosures [Abstract]
Financial Instruments And Hedging Activities	Financial Instruments and Hedging Activities Fair Value of Financial Instruments As of September 30, 2017 , and December 31, 2016 , 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, 2017 As of December 31, 2016 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Borrowings: (1) Senior unsecured revolving credit facility $ 206,000 $ 206,000 $ 75,000 $ 75,000 Fixed rate debt (2) $ 1,372,194 $ 1,436,956 $ 1,411,349 $ 1,475,605 Variable rate debt $ 125,000 $ 123,427 $ 150,000 $ 150,427 Interest rate contracts: Interest rate swap asset (3) $ 1,745 $ 1,745 $ 2,084 $ 2,084 (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 and Consolidated Balance Sheets 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, 2017 and 2016 . During the Nine Months Ended September 30, 2017 2016 Level 3 Assets (Liabilities): (in thousands) (in thousands) Interest Rate Swaps: Beginning balance at January 1 $ 2,084 $ 219 Net unrealized loss included in accumulated other comprehensive loss (1,443 ) (9,777 ) Realized gain recognized in interest expense 1,104 1,520 Ending balance at September 30 $ 1,745 $ (8,038 ) 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 “Interest expense” 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 “Interest expense.” We assess the effectiveness of each hedging relationship whenever financial statements are issued or earnings are reported and at least every three months. We do not use derivatives for trading or speculative purposes. During June 2013 , certain of our consolidated ventures entered into two pay-fixed, receive-floating interest rate swaps to hedge the variability of future cash flows attributable to changes in the 1 month USD LIBOR rates. The pay-fixed, receive-floating interest rate swaps have an effective date of June 2013 and a maturity date of June 2023 . These interest rate swaps effectively fix the interest rate on the related debt instruments at 4.72% . As of September 30, 2017 , and December 31, 2016 , we had borrowings payable subject to these pay-fixed, receive-floating interest rate swaps with aggregate principal balances of approximately $6.5 million and $6.6 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 USD LIBOR rates on our $200.0 million unsecured term loan. The pay-fixed, receive-floating interest rate swap has an effective date of December 2015 and a maturity date of December 2022 . 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 negative spread between USD LIBOR and zero. During the nine months ended September 30, 2016, we recorded a non-cash charge of 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). See “Note 2 – Summary of Significant Accounting Policies” for the impact to the Consolidated Financial Statements from the adoption of the Derivatives and Hedging ASU in September 2017. As of September 30, 2017 , and December 31, 2016 , the entire $200.0 million principal amount of the term loan was subject to this pay-fixed, receive-floating interest rate swap. The following table presents the effect of our derivative financial instruments on our accompanying Consolidated Financial Statements (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of loss recognized in OCI for effective portion of derivatives $ (285 ) $ (9 ) $ (1,445 ) $ (9,875 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,253 ) $ (1,618 ) $ (4,153 ) $ (5,030 ) 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 $4.5 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, 2017
Debt Disclosure [Abstract]
Outstanding Indebtedness	Outstanding Indebtedness As of September 30, 2017 , our outstanding indebtedness of approximately $1.7 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $52.1 million representing our proportionate share of non-recourse debt associated with unconsolidated joint ventures. As of December 31, 2016 , our outstanding indebtedness of approximately $1.6 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $35.2 million representing our proportionate share of non-recourse debt associated with unconsolidated joint ventures. As of September 30, 2017 , the gross book value of our consolidated properties was approximately $4.6 billion and the gross book value of all properties securing our mortgage debt was approximately $0.5 billion . As of December 31, 2016 , the gross book value of our consolidated properties was approximately $4.4 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, 2017 and December 31, 2016 . Line of Credit As of September 30, 2017 , we had $206.0 million outstanding and $192.1 million available under our $400.0 million senior unsecured revolving credit facility, net of two letters of credit totaling $1.9 million . As of December 31, 2016 , we had $75.0 million outstanding and $323.1 million available under our $400.0 million senior unsecured revolving credit facility, net of two letters of credit totaling $1.9 million . Debt Issuance and Payoffs During March 2017, we repaid the remaining $25.0 million outstanding on our $100.0 million term loan at par maturing April 2017 using proceeds from our senior unsecured revolving credit facility. During June 2017, we paid-off our $51.0 million senior unsecured note at par maturing June 2017 using proceeds from our senior unsecured revolving credit facility and proceeds from the issuance of common stock under our continuous equity offering program. During the nine months ended September 30, 2017 , we paid-off four mortgage notes at par totaling $34.5 million maturing in 2017 using proceeds from our senior unsecured revolving credit facility. During March 2017, the Operating Partnership issued $50.0 million aggregate principal amount of 4.50% senior notes due 2023 at 103.88% of face value in a public offering for net proceeds of approximately $51.2 million after offering costs and excluding accrued interest of approximately $0.9 million . The notes were issued under our indenture dated October 9, 2013 and form part of the same series as our previously issued 4.50% senior notes due 2023. We primarily used the net proceeds to pay down our senior unsecured revolving credit facility and for general corporate purposes. 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, 2017
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, 2017
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, 2017 , approximately 93.0 million shares of common stock were issued and outstanding. On September 10, 2015, we registered a continuous equity offering program whereby the Company may issue 5.0 million shares of common stock, at a par value of $0.01 per share, from time-to-time through September 10, 2018 in “at-the-market” offerings or certain other transactions. During the nine months ended September 30, 2017 , we issued approximately 1.2 million shares of common stock through the continuous equity offering program, at a weighted average price of $51.47 per share for proceeds of approximately $59.7 million , net of offering costs. We used the proceeds for general corporate purposes, including funding developments and redevelopments. As of September 30, 2017 , approximately 1.4 million shares of common stock remain available to be issued under the current offering. During the nine months ended September 30, 2017 and 2016 , we issued approximately 72,000 and 63,000 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, 2017 , and December 31, 2016 , DCT owned approximately 96.5% and 96.3% , 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, 2017 , approximately 0.3 million OP Units were redeemed for approximately $2.6 million in cash and approximately 0.2 million shares of DCT common stock. During the nine months ended September 30, 2016 , approximately 0.5 million OP Units were redeemed for approximately $1.9 million in cash and approximately 0.5 million shares of DCT common stock. The OP Unit redemptions exclude LTIP Unit redemptions, see “LTIP Units” below for a summary of LTIP Unit redemptions. As of September 30, 2017 , and December 31, 2016 , there were approximately 3.3 million and 3.5 million outstanding OP Units in each corresponding period held by entities other than DCT and redeemable, with an aggregate redemption value of approximately $192.9 million and $168.9 million based on the $57.92 and $47.88 per share closing price of DCT’s common stock on September 30, 2017 and December 31, 2016 , respectively. As of September 30, 2017 , and December 31, 2016 , included in OP Units were approximately 0.8 million and 0.7 million vested LTIP Units issued under our Long-Term Incentive Plan, as amended, 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 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, 2017 , we granted approximately 36,000 shares of restricted stock to certain officers and employees at the weighted average fair market value of $44.30 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 in shares of 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 to compensation expense over the service period during which the units vest. During the nine months ended September 30, 2017 , approximately 0.1 million LTIP Units were granted to certain senior executives, which vest over a four year period with a total fair value of approximately $5.9 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 19% and a weighted average risk-free interest rate of 1.93% . During the nine months ended September 30, 2017 , approximately 52,000 vested LTIP Units were converted into approximately 52,000 shares of DCT common stock and approximately 81,000 vested LTIP Units were redeemed for approximately $4.5 million in cash. As of September 30, 2017 , approximately 1.2 million LTIP Units were outstanding of which approximately 0.8 million were vested. 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 weighted average volatility factor of 23% and a weighted average risk-free interest rate of 1.28% . During the nine months ended September 30, 2016 , approximately 112,000 vested LTIP Units were converted into approximately 112,000 shares of DCT common stock and approximately 13,000 vested 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Southern California Consolidated Ventures We previously entered into four agreements with entities controlled by our former president, 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 our Southern California market. The former executive has a weighted average ownership interest 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 these properties in accordance with GAAP. The total acquisition price of $46.3 million was determined to be at fair value.

Net Earnings Per Share_Unit

Net Earnings Per Share/Unit	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Net Earnings Per Share/Unit	Net Earnings per Share/Unit We use the two-class method of computing net earnings per common share/unit which is an earnings allocation formula that determines net earnings per share/unit for common stock/unit and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Under the two-class method, net earnings per common share/unit are computed by dividing the sum of distributed earnings to common stockholders/OP Unitholders and undistributed earnings allocated to common stockholders/OP Unitholders by the weighted average number of common shares/units outstanding for the period. A participating security is defined by GAAP as an unvested share-based payment award containing non-forfeitable rights to dividends and must be included in the computation of earnings per share/unit pursuant to the two-class method. Nonvested restricted stock and LTIP Units are considered participating securities as these share-based awards contain non-forfeitable rights to dividends irrespective of whether the awards ultimately vest or expire. DCT The following table presents the computation of basic and diluted weighted average common shares outstanding (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Denominator Weighted average common shares outstanding – basic 92,981 90,250 92,351 89,464 Effect of dilutive securities: Stock options and phantom stock 97 473 116 442 Weighted average common shares outstanding – diluted 93,078 90,723 92,467 89,906 Operating Partnership The following table presents the computation of basic and diluted weighted average OP Units outstanding (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Denominator Weighted average OP Units outstanding – basic 96,377 94,047 95,877 93,487 Effect of dilutive securities: Stock options and phantom stock 97 473 116 442 Weighted average OP Units outstanding – diluted 96,474 94,520 95,993 93,929 DCT and the Operating Partnership Potentially Dilutive Shares For the three and nine months ended September 30, 2017 , DCT excluded from net earnings per diluted share the weighted average common share equivalents related to 3.4 million and 3.5 million OP Units, respectively, because their effect would be anti-dilutive. During the same periods ended September 30, 2016 , DCT excluded from net earnings per diluted 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.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s segments are based on our internal reporting of operating results used to assess performance based on our properties’ geographical markets. Our markets are aggregated into three reportable regions or segments, East, Central and West, which are based on the geographical locations of our properties. Management considers rental revenues and property net operating income (“NOI”) aggregated by segment to be the appropriate way to analyze our performance. The following table presents our total assets, net of accumulated depreciation and amortization, by segment (in thousands): As of September 30, 2017 As of December 31, 2016 Segments: East assets $ 1,115,782 $ 1,077,749 Central assets 1,130,151 1,101,049 West assets 1,574,674 1,500,879 Total segment net assets 3,820,607 3,679,677 Non-segment assets: Non-segment cash and cash equivalents 10,725 8,383 Other non-segment assets (1) 120,671 120,082 Total assets $ 3,952,003 $ 3,808,142 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables, restricted cash and other assets. The following table presents the rental revenues of our segments and a reconciliation of our segment rental revenues to our reported consolidated total revenues (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 East $ 31,568 $ 31,212 $ 94,550 $ 90,010 Central 33,448 32,340 102,206 95,400 West 39,857 36,381 117,758 104,097 Rental revenues 104,873 99,933 314,514 289,507 Institutional capital management and other fees 307 341 1,083 1,039 Total revenues $ 105,180 $ 100,274 $ 315,597 $ 290,546 The following table presents a reconciliation of our reported “Net income attributable to common stockholders” to our property NOI and property NOI of our segments (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Net income attributable to common stockholders $ 25,781 $ 15,560 $ 82,374 $ 73,369 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. 937 614 3,145 3,300 Net income attributable to OP Unitholders $ 26,718 $ 16,174 $ 85,519 $ 76,669 Net income attributable to noncontrolling interests of the Operating Partnership 262 215 742 638 Institutional capital management and other fees (307 ) (341 ) (1,083 ) (1,039 ) Gain on dispositions of real estate interests (11,556 ) — (39,658 ) (43,052 ) Real estate related depreciation and amortization 42,427 40,273 125,479 120,244 Casualty gain — (2,440 ) (270 ) (2,278 ) General and administrative expense 7,138 7,370 22,151 20,990 Equity in earnings of unconsolidated joint ventures, net (982 ) (1,164 ) (5,235 ) (2,983 ) Interest expense 16,022 15,773 49,582 47,830 Interest and other (income) expense 1 (18 ) 13 (581 ) Impairment loss on land — — 938 — Income tax (benefit) expense and other taxes (56 ) 222 147 510 Property NOI (1) $ 79,667 $ 76,064 $ 238,325 $ 216,948 East $ 24,924 $ 24,919 $ 73,492 $ 69,765 Central 24,456 23,084 73,480 66,825 West 30,287 28,061 91,353 80,358 Property NOI (1) $ 79,667 $ 76,064 $ 238,325 $ 216,948 (1) Property NOI is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty 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 (benefit) expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our overall financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Assets Held for Sale Assets Hel

Assets Held for Sale Assets Held for Sale	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale As of September 30, 2017 , one property in our West operating segment was classified as held for sale and is reported at its lower of carrying value or estimated fair value less estimated cost to sell. We completed the sale of this property in October 2017.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
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 other than those mentioned in “Note 4 – Investments in and Advances to Unconsolidated Joint Ventures.”

Summary Of Significant Accoun22

Summary Of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Interim Financial Information	Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements include all adjustments, consisting of normal recurring items, necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with our audited Consolidated Financial Statements as of December 31, 2016 and related notes thereto included in our Form 10-K filed on February 17, 2017.
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 (or equivalent body), the size of our investment (including loans), our obligation or right to absorb its losses or receive its benefits and our ability to participate in major decisions. If a joint venture does not meet the characteristics of a VIE, we apply the voting interest model to determine whether the entity should be consolidated. Our ability to assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and our financial position and results of operations. We concluded our Operating Partnership meets the criteria of a VIE as the Operating Partnership’s limited partners do not have the right to remove the general partner and do not have substantive participating rights in the operations of the Operating Partnership. Under the Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”), DCT is the primary beneficiary of the Operating Partnership as we have the obligation to absorb losses and receive benefits, and the power to control substantially all the activities which most significantly impact the economic performance of the Operating Partnership. Accordingly, the Operating Partnership is consolidated within DCT’s financial statements.
Use Of Estimates	Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash held in financial institutions and other highly liquid short-term investments with original maturities of three months or less. We have not realized any losses in our cash and cash equivalents and believe that these short-term instruments are not exposed to any significant credit risk. Restricted cash consists of escrow deposits held by lenders for real estate taxes, insurance and capital replacement reserves, security deposits and amounts held by intermediary agents to be used for tax-deferred, like-kind exchange transactions.
Revenue Recognition	Revenue Recognition At the inception of a new lease arrangement, including new leases that arise from amendments, we assess the terms and conditions to determine the proper lease classification. A lease arrangement is classified as an operating lease if none of the following criteria are met: (i) transfer of ownership to the lessee, (ii) lessee has a bargain purchase option during or at the end of the lease term, (iii) the lease term is equal to 75% or more of the underlying property’s economic life, or (iv) the present value of future minimum lease payments (excluding executory costs) are equal to 90% or more of the excess estimated fair value (over retained investment tax credits) of the leased building. Generally, our leases do not meet any of the listed criteria above and are classified as operating leases. We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, receivables from tenants that we expect to collect over the remaining lease term are recorded on the balance sheet as straight-line rent receivables. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $8,000 and $4.2 million for the three and nine months ended September 30, 2017 , respectively, and approximately $5.2 million and $16.4 million for the three and nine months ended September 30, 2016 , respectively. If the lease provides for tenant improvements, we determine whether the tenant improvements are owned by the tenant or us. When we are the owner of the tenant improvements, the tenant generally is not considered to have taken physical possession or have control of the leased asset until the tenant improvements are substantially complete. When we are the owner of the tenant improvements, any tenant improvements funded by the tenant are treated as lease payments which are deferred and amortized into rental revenues over the lease term. When the tenant is the owner of the tenant improvements, we record any tenant improvement allowance funded as a lease incentive and amortize it as a reduction of rental revenue over the lease term. Tenant recovery income includes reimbursements due from tenants pursuant to their leases for real estate taxes, insurance, repairs and maintenance and other recoverable property operating expenses and is recognized as “Rental revenues” during the period the related expenses are incurred. The reimbursements are recognized and presented on a gross basis, as the Company 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 $25.5 million and $76.1 million for the three and nine months ended September 30, 2017 , respectively, and approximately $23.3 million and $67.8 million for the three and nine months ended September 30, 2016 , 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 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 $0.8 million and $2.2 million for the three and nine months ended September 30, 2017 , respectively, and approximately $0.7 million and $2.1 million for the three and nine months ended September 30, 2016 , 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. Early lease termination fees were approximately $0.3 million and $1.2 million for the three and nine months ended September 30, 2017 , respectively, and approximately $0.2 million and $0.9 million for the three and nine months ended September 30, 2016 , 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.
New Accounting Standards	New Accounting Standards New Accounting Standards Adopted In March 2016, the Financial Accounting Standards Boards (“FASB”) issued an accounting standard update (“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. Effective January 1, 2017, we elected to account for forfeitures as they occur, rather than estimate expected forfeitures. The adoption of the guidance was applied prospectively and did not have a significant impact on our Consolidated Financial Statements or Consolidated Statements of Cash Flows. In January 2017, the FASB issued an ASU that clarifies the definition of a business. The ASU is effective for reporting periods beginning after December 15, 2017, with early adoption permitted. We adopted this standard prospectively effective January 1, 2017. As a result, we anticipate that fewer of our acquisitions made in the normal course of business will meet the definition of a business, as our typical acquisitions consist of properties whereby substantially all the fair value of gross assets acquired is concentrated in a single asset (land, building and in-place leases).

Summary Of Significant Accoun23

Summary Of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Schedule of Restricted Cash and Cash Equivalents	The following table presents a reconciliation of cash, cash equivalents and restricted cash reported within our Consolidated Balance Sheets to amounts reported within our Consolidated Statements of Cash Flows (in thousands): As of September 30, 2017 2016 Cash and cash equivalents $ 13,446 $ 7,073 Restricted cash 32,269 2,417 Restricted cash included in Other assets, net 546 457 Total cash, cash equivalents and restricted cash $ 46,261 $ 9,947

Investment In Properties (Table

Investment In Properties (Tables)	9 Months Ended
	Sep. 30, 2017
Investments [Abstract]
Schedule Of Investment In Properties	The historical cost of our investment in properties was (in thousands): As of September 30, 2017 As of December 31, 2016 Operating portfolio $ 4,219,891 $ 4,123,130 Value-add acquisitions (1) 20,972 54,512 Properties under development 338,982 161,381 Properties in pre-development 50,858 52,998 Properties under redevelopment (2) 9,247 29,754 Land held (3) 4,026 7,698 Total investment in properties 4,643,976 4,429,473 Less accumulated depreciation and amortization (918,142 ) (839,773 ) Net investment in properties $ 3,725,834 $ 3,589,700
Schedule Of Intangible Lease Assets And Liabilities	Our intangible lease assets and liabilities included the following (in thousands): As of September 30, 2017 As of December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 67,363 $ (38,580 ) $ 28,783 $ 75,085 $ (39,438 ) $ 35,647 Above market rent $ 3,134 $ (1,642 ) $ 1,492 $ 3,271 $ (1,396 ) $ 1,875 Below market rent $ (29,460 ) $ 10,173 $ (19,287 ) $ (33,029 ) $ 11,608 $ (21,421 )

Investments In And Advances T25

Investments In And Advances To Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 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 $ 36,962 $ 37,588 TRT-DCT Venture III 10.0 % — 273 1,546 Total Institutional Joint Ventures 13 37,235 39,134 Other: SCLA (1) 50.0 % 8 34,988 56,472 Total 21 $ 72,223 $ 95,606 (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 Hed26

Financial Instruments And Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Summary Of Financial Instruments	The following table summarizes these financial instruments (in thousands): As of September 30, 2017 As of December 31, 2016 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Borrowings: (1) Senior unsecured revolving credit facility $ 206,000 $ 206,000 $ 75,000 $ 75,000 Fixed rate debt (2) $ 1,372,194 $ 1,436,956 $ 1,411,349 $ 1,475,605 Variable rate debt $ 125,000 $ 123,427 $ 150,000 $ 150,427 Interest rate contracts: Interest rate swap asset (3) $ 1,745 $ 1,745 $ 2,084 $ 2,084 (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 and Consolidated Balance Sheets 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, 2017 and 2016 . During the Nine Months Ended September 30, 2017 2016 Level 3 Assets (Liabilities): (in thousands) (in thousands) Interest Rate Swaps: Beginning balance at January 1 $ 2,084 $ 219 Net unrealized loss included in accumulated other comprehensive loss (1,443 ) (9,777 ) Realized gain recognized in interest expense 1,104 1,520 Ending balance at September 30 $ 1,745 $ (8,038 )
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, 2017 2016 2017 2016 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of loss recognized in OCI for effective portion of derivatives $ (285 ) $ (9 ) $ (1,445 ) $ (9,875 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,253 ) $ (1,618 ) $ (4,153 ) $ (5,030 ) Amount of gain (loss) recognized in interest expense (ineffective portion and amount excluded from effectiveness testing) $ — $ 967 $ — $ (453 )

Net Earnings Per Share_Unit (Ta

Net Earnings Per Share/Unit (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	The following table presents the computation of basic and diluted weighted average common shares outstanding (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Denominator Weighted average common shares outstanding – basic 92,981 90,250 92,351 89,464 Effect of dilutive securities: Stock options and phantom stock 97 473 116 442 Weighted average common shares outstanding – diluted 93,078 90,723 92,467 89,906
DCT Industrial Operating Partnership LP [Member] | Common Units [Member]
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share/Unit	: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Denominator Weighted average OP Units outstanding – basic 96,377 94,047 95,877 93,487 Effect of dilutive securities: Stock options and phantom stock 97 473 116 442 Weighted average OP Units outstanding – diluted 96,474 94,520 95,993 93,929

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 As of December 31, 2016 Segments: East assets $ 1,115,782 $ 1,077,749 Central assets 1,130,151 1,101,049 West assets 1,574,674 1,500,879 Total segment net assets 3,820,607 3,679,677 Non-segment assets: Non-segment cash and cash equivalents 10,725 8,383 Other non-segment assets (1) 120,671 120,082 Total assets $ 3,952,003 $ 3,808,142 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables, restricted cash and other assets.
Reconciliation Of Segment Rental Revenues To Consolidated Entity	The following table presents the rental revenues of our segments and a reconciliation of our segment rental revenues to our reported consolidated total revenues (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 East $ 31,568 $ 31,212 $ 94,550 $ 90,010 Central 33,448 32,340 102,206 95,400 West 39,857 36,381 117,758 104,097 Rental revenues 104,873 99,933 314,514 289,507 Institutional capital management and other fees 307 341 1,083 1,039 Total revenues $ 105,180 $ 100,274 $ 315,597 $ 290,546
Reconciliation Of Property Net Operating Income To Consolidated Entity	The following table presents a reconciliation of our reported “Net income attributable to common stockholders” to our property NOI and property NOI of our segments (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Net income attributable to common stockholders $ 25,781 $ 15,560 $ 82,374 $ 73,369 Net income attributable to noncontrolling interests of DCT Industrial Trust Inc. 937 614 3,145 3,300 Net income attributable to OP Unitholders $ 26,718 $ 16,174 $ 85,519 $ 76,669 Net income attributable to noncontrolling interests of the Operating Partnership 262 215 742 638 Institutional capital management and other fees (307 ) (341 ) (1,083 ) (1,039 ) Gain on dispositions of real estate interests (11,556 ) — (39,658 ) (43,052 ) Real estate related depreciation and amortization 42,427 40,273 125,479 120,244 Casualty gain — (2,440 ) (270 ) (2,278 ) General and administrative expense 7,138 7,370 22,151 20,990 Equity in earnings of unconsolidated joint ventures, net (982 ) (1,164 ) (5,235 ) (2,983 ) Interest expense 16,022 15,773 49,582 47,830 Interest and other (income) expense 1 (18 ) 13 (581 ) Impairment loss on land — — 938 — Income tax (benefit) expense and other taxes (56 ) 222 147 510 Property NOI (1) $ 79,667 $ 76,064 $ 238,325 $ 216,948 East $ 24,924 $ 24,919 $ 73,492 $ 69,765 Central 24,456 23,084 73,480 66,825 West 30,287 28,061 91,353 80,358 Property NOI (1) $ 79,667 $ 76,064 $ 238,325 $ 216,948 (1) Property NOI is defined as rental revenues, which includes expense reimbursements, less rental expenses and real estate taxes, and excludes institutional capital management fees, depreciation, amortization, casualty 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 (benefit) expense and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as amortization, depreciation, impairment, interest expense, interest and other income, income tax expense and other taxes and general and administrative expenses. However, property NOI should not be viewed as an alternative measure of our overall financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Organization (Details)

Organization (Details) ft² in Millions	9 Months Ended
	Sep. 30, 2017USD ($)ft²projectpropertycustomerbuildingpartner	Dec. 31, 2016USD ($)
Organization [Line Items]
Accumulated other comprehensive loss | $	$ (14,985,000)	$ (17,530,000)
Square feet of properties	73.7
Number of customers leased | customer	870
Held-for-sale [Member]
Organization [Line Items]
Square feet of properties	0
Number of Building | building	1
Development Activity [Member]
Organization [Line Items]
Development in process (Number of projects under construction) | project	18
Consolidated Operating Properties [Member]
Organization [Line Items]
Square feet of properties	64.1
Number of properties | property	400
Occupancy rate	98.00%
Unconsolidated Properties [Member]
Organization [Line Items]
Square feet of properties	7.6
Number of properties | property	21
Occupancy rate	98.40%
Number of institutional partners | partner	1
Consolidated Value-Add Properties [Member]
Organization [Line Items]
Square feet of properties	0.2
Number of properties | building	2
Redevelopment [Member]
Organization [Line Items]
Square feet of properties	0.1
Number of properties | property	1
DCT Industrial Operating Partnership LP [Member]
Organization [Line Items]
Accumulated other comprehensive loss | $	$ (15,520,000)	$ (18,220,000)
Percentage of outstanding equity ownership interest	96.50%	96.30%
New Accounting Pronouncement, Early Adoption, Effect [Member]
Organization [Line Items]
Accumulated other comprehensive loss | $		$ (414,000)

Summary Of Significant Accoun30

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Summary Of Significant Accounting Policy [Line Items]
Capitalized Internal Direct Costs			$ 2,200,000
Restricted cash related to tax deferred like-kind exchange transactions	$ 29,700,000		29,700,000
Increase in rental revenue due straight-line rent adjustment			4,222,000	$ 16,402,000
Accumulated other comprehensive loss	(14,985,000)		(14,985,000)		$ (17,530,000)
Accumulated Distributions in Excess of Net Income	1,009,962,000		1,009,962,000		1,006,125,000
Interest Expense	16,022,000	$ 15,773,000	49,582,000	47,830,000
Other comprehensive income	968,000	1,609,000	2,708,000	(4,845,000)
Continuing Operations [Member]
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment	0	5,200,000	4,200,000	16,400,000
Tenant recovery	25,500,000	23,300,000	76,100,000	67,800,000
Increase (decrease) on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations	800,000	700,000	2,200,000	2,100,000
Increase on rental revenues due to early lease terminations fees	300,000	$ 200,000	1,200,000	$ 900,000
New Accounting Pronouncement, Early Adoption, Effect [Member]
Summary Of Significant Accounting Policy [Line Items]
Accumulated other comprehensive loss					(414,000)
Accumulated Distributions in Excess of Net Income					$ 414,000
Interest Expense	6,000		6,000
Other comprehensive income	$ 6,000		$ 6,000

Summary Of Significant Accoun31

Summary Of Significant Accounting Policies (Restricted Cash) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and cash equivalents	$ 13,446	$ 10,286	$ 7,073
Restricted cash	32,269	7,346	2,417
Restricted cash included in Other assets, net	546		457
Total cash, cash equivalents and restricted cash	$ 46,261	$ 18,074	$ 9,947	$ 49,878

Investment In Properties (Sched

Investment In Properties (Schedule Of Investment In Properties) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investments [Abstract]
Operating properties	$ 4,219,891	$ 4,123,130
Value-add acquisitions	20,972	54,512
Properties under development	338,982	161,381
Properties in pre-development	50,858	52,998
Properties under redevelopment	9,247	29,754
Land held	4,026	7,698
Total investment in properties	4,643,976	4,429,473
Less accumulated depreciation and amortization	(918,142)	(839,773)
Net investment in properties	$ 3,725,834	$ 3,589,700

Investment In Properties (Narra

Investment In Properties (Narrative) (Details) $ in Thousands, ft² in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)ft²building	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)aft²projectbuilding	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Real Estate Properties [Line Items]
Square feet of properties | ft²	73.7		73.7
Cost of investment real estate acquired	$ 4,643,976		$ 4,643,976		$ 4,429,473
Impairment loss on land	0	$ 0	938	$ 0
Gain on dispositions of real estate interests	11,556	0	39,658	43,052
Aggregate amortization expense for intangible lease assets	$ 2,500	$ 2,800	$ 7,900	$ 9,000
Acquisition Activity [Member]
Real Estate Properties [Line Items]
Number of properties | building	4		4
Square feet of properties | ft²	0.5		0.5
Acquisition price of land and buildings			$ 81,700
Development Activity [Member]
Real Estate Properties [Line Items]
Cost of investment real estate acquired	$ 230,700		$ 230,700
Development in process (Number of projects under construction) | project			18
Area of real estate property under construction | ft²	4.1		4.1
Development Activity [Member] | Dallas, Houston, New Jersey, Northern California, Orlando, Pennsylvania and Seattle [Member] [Domain]
Real Estate Properties [Line Items]
Cost of investment real estate acquired	$ 39,400		$ 39,400
Area of real estate property acquired | a			186.8
Development Activity [Member] | Atlanta, Dallas, Miami And Seattle [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	1.7		1.7
Number of buildings shell-complete | building			6
Cost of investment real estate acquired	$ 108,200		$ 108,200
Occupancy rate	45.40%		45.40%
Disposition Activity [Member]
Real Estate Properties [Line Items]
Number of properties | building	6		6
Square feet of properties | ft²	1.2		1.2
Proceeds from Sale of Real Estate			$ 83,300
Gain on dispositions of real estate interests			$ 39,700

Investment In Properties (Sch34

Investment In Properties (Schedule Of Intangible Lease Assets And Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Finite Lived Intangible Assets And Liabilities [Line Items]
Below market rent, Gross	$ (29,460)	$ (33,029)
Below market rent, Accumulated Amortization	10,173	11,608
Below market rent, Net	(19,287)	(21,421)
Other Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	67,363	75,085
Accumulated Amortization	(38,580)	(39,438)
Net	28,783	35,647
Above Market Rent [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	3,134	3,271
Accumulated Amortization	(1,642)	(1,396)
Net	$ 1,492	$ 1,875

Investments In And Advances T35

Investments In And Advances To Unconsolidated Joint Ventures (Details) $ in Thousands, ft² in Millions	1 Months Ended	9 Months Ended
	Jun. 30, 2017USD ($)	Sep. 30, 2017USD ($)ft²propertybuilding	Sep. 30, 2016USD ($)	Jul. 01, 2017USD ($)	May 01, 2017USD ($)	Dec. 31, 2016USD ($)
Schedule Of Equity Method Investments [Line Items]
Gain on sale of properties		$ 39,658	$ 43,052
Square feet of properties | ft²		73.7
Number of buildings | property		21
Investments in and advances to unconsolidated joint ventures		$ 72,223				$ 95,606
Percentage of initial cash equity capital		100.00%
Profit loss sharing percentage		50.00%
DCT/SPF Industrial Operating LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		20.00%
Number of buildings | property		13
Investments in and advances to unconsolidated joint ventures		$ 36,962				37,588
TRT-DCT Venture III [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		10.00%
Number of buildings | property		0
Investments in and advances to unconsolidated joint ventures		$ 273				1,546
Institutional Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of buildings | property		13
Investments in and advances to unconsolidated joint ventures		$ 37,235				39,134
Southern California Logistics Airport [Member]
Schedule Of Equity Method Investments [Line Items]
Debt Associated with unconsolidated joint ventures				$ 13,500	$ 30,000
Basis spread on variable rate		2.50%
Ownership Percentage		50.00%
Number of buildings | property		8
Investments in and advances to unconsolidated joint ventures		$ 34,988				$ 56,472
Disposed of by Sale [Member] | TRT-DCT Venture III [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties | property		3
Proceeds from sale of property held-for-sale	$ 2,700
Gain on sale of properties	$ 1,200
Development Activity [Member] | Southern California Logistics Airport [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties | building		1
Square feet of properties | ft²		0.4
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Southern California Logistics Airport [Member]
Schedule Of Equity Method Investments [Line Items]
Fixed interest rate		4.55%
Construction Loans [Member] | Southern California Logistics Airport [Member]
Schedule Of Equity Method Investments [Line Items]
Debt Associated with unconsolidated joint ventures		$ 61,000

Financial Instruments And Hed36

Financial Instruments And Hedging Activities (Summary Of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	$ 206,000	$ 75,000
Carrying Amounts	1,700,000	1,600,000
Interest Rate Swaps [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	1,745	2,084
Estimated Fair Value	1,745	2,084
Variable Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	125,000	150,000
Estimated Fair Value	123,427	150,427
Fixed Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	1,372,194	1,411,349
Estimated Fair Value	1,436,956	1,475,605
Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	206,000	75,000
Estimated Fair Value	$ 206,000	$ 75,000

Financial Instruments And Hed37

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, 2017	Sep. 30, 2016
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance at January 1	$ 2,084	$ 219
Net unrealized loss included in accumulated other comprehensive loss	(1,443)	(9,777)
Realized gain recognized in interest expense	$ 1,104	$ 1,520

Financial Instruments And Hed38

Financial Instruments And Hedging Activities (Narrative) (Details)	3 Months Ended			9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2017	Jun. 30, 2013contract
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Estimated amount that will be reclassified from accumulated other comprehensive loss to interest expenses	$ 4,500,000
Variable Rate Debt [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Debt instrument, floor rate					0.00%
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Notional amount of non derivative Instruments	$ 200,000,000	$ 200,000,000			$ 200,000,000
Debt instrument, face value					$ 200,000,000
Fixed interest rate					3.31%
Derivative instruments ineffectiveness				$ 500,000
Derivative, floor interest rate	0.00%
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | London Interbank Offered Rate (LIBOR) [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Derivative, floor interest rate						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
Fixed interest rate							4.72%
Notional amount of non derivative Instruments	$ 6,500,000	$ 6,600,000	$ 6,600,000

Financial Instruments And Hed39

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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
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	$ (285)	$ (9)	$ (1,445)	$ (9,875)
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	(285)	(9)	(1,445)	(9,875)
Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net	(1,253)	(1,618)	(4,153)	(5,030)
Amount of gain (loss) recognized in interest expense (ineffective portion and amount excluded from effectiveness testing)	$ 0	$ 967	$ 0	$ (453)

Outstanding Indebtedness (Narra

Outstanding Indebtedness (Narrative) (Details)	1 Months Ended		9 Months Ended
	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Sep. 30, 2017USD ($)credit_letterloan	Dec. 31, 2016USD ($)credit_letter
Debt Instrument [Line Items]
Outstanding indebtedness			$ 1,700,000,000	$ 1,600,000,000
Proportionate share of debt associated with unconsolidated joint ventures			52,100,000	35,200,000
Total investment in properties			4,643,976,000	4,429,473,000
Total bank unsecured credit facilities			$ 206,000,000	75,000,000
Number of loans paid-off | loan			4
Repayments of debt			$ 34,500,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total bank unsecured credit facilities			206,000,000	75,000,000
Senior unsecured facility, available			192,100,000	323,100,000
Senior unsecured facility, maximum borrowing capacity			400,000,000	400,000,000
Letters of credit outstanding			$ 1,900,000	$ 1,900,000
Number of letter of credits | credit_letter			2	2
Mortgage Loans On Real Estate [Member]
Debt Instrument [Line Items]
Total investment in properties			$ 500,000,000	$ 600,000,000
Senior Unsecured Note, Due April 2017 [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 51,000,000	$ 25,000,000
Face value in public offering			100,000,000
DCT Industrial Operating Partnership LP [Member]
Debt Instrument [Line Items]
Total investment in properties			4,643,976,000	4,429,473,000
Total bank unsecured credit facilities			$ 206,000,000	$ 75,000,000
DCT Industrial Operating Partnership LP [Member] | 4.50% Senior Notes, Due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Face value in public offering		$ 50,000,000
Stated interest rate			4.50%
Redemption price, percentage		103.88%
Proceeds from issuance of senior notes		$ 51,200,000
Accrued interest		$ 900,000

Stockholders' Equity of DCT a41

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Sep. 10, 2015
Stockholders Equity [Line Items]
Common stock, shares issued	93,018,193		91,516,113
Common stock, shares authorized	500,000,000		500,000,000
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Proceeds from issuance of common stock	$ 60,694	$ 81,769
Shares issued for vested restricted stock and phantoms shares and options exercised	72,000	63,000
Common stock issued on redemption of OP Units	300,000	500,000
Redemptions of noncontrolling interests, value	$ (7,110)	$ 1,900
Cash paid for redemption of partnership units	$ 2,600
Redemption of OP units	200,000	500,000
Operating partnership units issued	3,300,000		3,500,000
Redemption value of outstanding OP units	$ 192,900		$ 168,900
Closing price of DCT's common stock	$ 57.92		$ 47.88
LTIP Units [Member]
Stockholders Equity [Line Items]
LTIP units vested	800,000		700,000
LTIP units outstanding	1,200,000	1,200,000
LTIP units vested	800,000	700,000
LTIP Units [Member] | Certain Senior Executives [Member]
Stockholders Equity [Line Items]
Vesting period (years)	4 years	4 years
LTIP units granted	100,000	200,000
Fair value of shares granted	$ 5,900	$ 6,300
Volatility factor	19.00%	23.00%
Risk-free interest rate	1.93%	1.28%
LTIP Units [Member] | Certain Senior Executives [Member] | Cash [Member]
Stockholders Equity [Line Items]
Cash paid for redemption of partnership units	$ 4,500	$ 500
Redemption of OP units	81,000	13,000
LTIP Units [Member] | Certain Senior Executives [Member] | Common Stock [Member]
Stockholders Equity [Line Items]
Common stock issued on redemption of OP Units	50,000	110,000
Redemption of OP units	52,000	112,000
Restricted Stock [Member]
Stockholders Equity [Line Items]
Shares granted during the period	36,000
Restricted Stock [Member] | Certain Officers and Employees [Member]
Stockholders Equity [Line Items]
Weighted-average fair market value	$ 44.30
DCT Industrial Operating Partnership LP [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership	96.50%		96.30%
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 authorized				5,000,000
Common stock, par value (in dollars per share)				$ 0.01
Common stock, shares available for future issuance	1,400,000
Common stock issued through offering	1,200,000
Proceeds from issuance of common stock	$ 59,700
Continuous Equity Offering Program [Member] | Average [Member]
Stockholders Equity [Line Items]
Common stock offering price per share, average	$ 51.47

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, 2017USD ($)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

Net Earnings Per Share_Unit (Co

Net Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Share/Unit) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Denominator
Weighted average common shares outstanding – basic (shares)	92,981,000	90,250,000	92,351,000	89,464,000
Effect of Dilutive Securities [Abstract]
Effect of dilutive securities: Stock options and phantom stock (shares)	97,000	473,000	116,000	442,000
Weighted average common shares outstanding – diluted (shares)	93,078,000	90,723,000	92,467,000	89,906,000
DCT Industrial Operating Partnership LP [Member]
Denominator
Weighted average common shares outstanding – basic (shares)	96,377,000	94,047,000	95,877,000	93,487,000
Effect of Dilutive Securities [Abstract]
Effect of dilutive securities: Stock options and phantom stock (shares)	97,000	473,000	116,000	442,000
Weighted average common shares outstanding – diluted (shares)	96,474,000	94,520,000	95,993,000	93,929,000

Net Earnings Per Share_Unit (Na

Net Earnings Per Share/Unit (Narrative) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
OP Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities	3.4	3.8	3.5	4

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 2017segment
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, 2017	Dec. 31, 2016	Sep. 30, 2016
Segment Reporting Information [Line Items]
Total assets	$ 3,952,003	$ 3,808,142
Cash and cash equivalents	13,446	10,286	$ 7,073
Other non-segment assets	27,226	25,315
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	3,820,607	3,679,677
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,115,782	1,077,749
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,130,151	1,101,049
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total assets	1,574,674	1,500,879
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	10,725	8,383
Other non-segment assets	$ 120,671	$ 120,082

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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Total revenues	$ 105,180	$ 100,274	$ 315,597	$ 290,546
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	104,873	99,933	314,514	289,507
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	31,568	31,212	94,550	90,010
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	33,448	32,340	102,206	95,400
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	39,857	36,381	117,758	104,097
Corporate And Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total revenues	$ 307	$ 341	$ 1,083	$ 1,039

Segment Information (Reconcil48

Segment Information (Reconciliation Of Property Net Operating Income To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Net income attributable to common stockholders and OP unitholders	$ 25,781	$ 15,560	$ 82,374	$ 73,369
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	1,199	829	3,887	3,938
Institutional capital management and other fees	307	341	1,083	1,039
Real estate related depreciation and amortization	(42,427)	(40,273)	(125,479)	(120,244)
General and administrative	(7,138)	(7,370)	(22,151)	(20,990)
Equity in earnings of unconsolidated joint ventures, net	982	1,164	5,235	2,983
Interest expense	(16,022)	(15,773)	(49,582)	(47,830)
Interest and other income (expense)	(1)	18	(13)	581
Income tax benefit (expense) and other taxes	56	(222)	(147)	(510)
Operating income	30,409	31,202	92,048	79,031
DCT Industrial Operating Partnership LP [Member]
Segment Reporting Information [Line Items]
Net income attributable to common stockholders and OP unitholders	26,718	16,174	85,519	76,669
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	262	215	742	638
Institutional capital management and other fees	307	341	1,083	1,039
Real estate related depreciation and amortization	(42,427)	(40,273)	(125,479)	(120,244)
General and administrative	(7,138)	(7,370)	(22,151)	(20,990)
Equity in earnings of unconsolidated joint ventures, net	982	1,164	5,235	2,983
Interest expense	(16,022)	(15,773)	(49,582)	(47,830)
Interest and other income (expense)	(1)	18	(13)	581
Income tax benefit (expense) and other taxes	56	(222)	(147)	(510)
Operating income	30,409	31,202	92,048	79,031
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Net income attributable to common stockholders and OP unitholders	25,781	15,560	82,374	73,369
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	937	614	3,145	3,300
Institutional capital management and other fees	(307)	(341)	(1,083)	(1,039)
Gain on dispositions of real estate interests	11,556	0	39,658	43,052
Real estate related depreciation and amortization	42,427	40,273	125,479	120,244
Casualty gain	0	(2,440)	(270)	(2,278)
General and administrative	7,138	7,370	22,151	20,990
Equity in earnings of unconsolidated joint ventures, net	(982)	(1,164)	(5,235)	(2,983)
Interest expense	16,022	15,773	49,582	47,830
Interest and other income (expense)	1	(18)	13	(581)
Impairment losses on non-depreciable assets	0	0	938	0
Income tax benefit (expense) and other taxes	(56)	222	147	510
Segment Reconciling Items [Member] | DCT Industrial Operating Partnership LP [Member]
Segment Reporting Information [Line Items]
Net income attributable to common stockholders and OP unitholders	26,718	16,174	85,519	76,669
Net income attributable to noncontrolling interests of DCT Industrial Inc and the Operating Partnership	(262)	(215)	(742)	(638)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	79,667	76,064	238,325	216,948
Operating Segments [Member] | East Operating Segment [Member]
Segment Reporting Information [Line Items]
Operating income	24,924	24,919	73,492	69,765
Operating Segments [Member] | Central Operating Segment [Member]
Segment Reporting Information [Line Items]
Operating income	24,456	23,084	73,480	66,825
Operating Segments [Member] | West Operating Segment [Member]
Segment Reporting Information [Line Items]
Operating income	$ 30,287	$ 28,061	$ 91,353	$ 80,358

Assets Held for Sale Discontinu

Assets Held for Sale Discontinued Operations And Disposal Groups (Details)	Sep. 30, 2017building
Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Building	1