DCT Industrial Operating Partnership 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 23, 2015
Document And Entity Information [Line Items]
Document type	10-Q
Amendment flag	false
Document Period End Date	Sep. 30, 2015
Entity Registrant Name	DCT Industrial Trust Inc.
Entity Central Index key	1,170,991
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		88,323,872
Trading Symbol	dct
DCT Industrial Operating Partnership LP [Member]
Document And Entity Information [Line Items]
Document Period End Date	Sep. 30, 2015
Entity Registrant Name	DCT Industrial Operating Partnership LP
Entity Central Index key	1,604,042
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Land	$ 1,017,656	$ 950,963
Buildings and improvements	2,944,900	2,787,959
Intangible lease assets	88,118	86,515
Construction in progress	93,811	134,938
Total investment in properties	4,144,485	3,960,375
Less accumulated depreciation and amortization	(754,862)	(703,840)
Net investment in properties	3,389,623	3,256,535
Investments in and advances to unconsolidated joint ventures	82,683	94,728
Net investment in real estate	3,472,306	3,351,263
Cash and cash equivalents	11,783	19,631
Restricted cash	3,005	3,779
Deferred loan costs, net	9,101	8,026
Straight-line rent and other receivables, net of allowance for doubtful accounts	57,347	54,183
Other assets, net	17,623	14,652
Assets held for sale	1,046
Total assets	3,572,211	3,451,534
Liabilities:
Accounts payable and accrued expenses	91,511	83,543
Distributions payable	26,029	25,973
Tenant prepaids and security deposits	31,311	30,539
Other liabilities	17,867	14,078
Intangible lease liabilities, net	21,859	22,940
Line of credit	186,000	37,000
Senior unsecured notes	1,082,788	1,122,621
Mortgage notes	264,157	249,424
Liabilities related to assets held for sale	18
Total liabilities	$ 1,721,540	$ 1,586,118
Equity/Partners' Capital:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 500,000,000 shares authorized 88,209,975 and 88,012,696 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	$ 882	$ 880
Additional paid-in capital	2,765,231	2,762,431
Distributions in excess of earnings	(1,004,937)	(986,289)
Accumulated other comprehensive loss	(24,745)	(27,190)
Total stockholders’ equity	1,736,431	1,749,832
Noncontrolling interests	114,240	115,584
Total equity	1,850,671	1,865,416
Total liabilities and equity	3,572,211	3,451,534
DCT Industrial Operating Partnership LP [Member]
ASSETS
Land	1,017,656	950,963
Buildings and improvements	2,944,900	2,787,959
Intangible lease assets	88,118	86,515
Construction in progress	93,811	134,938
Total investment in properties	4,144,485	3,960,375
Less accumulated depreciation and amortization	(754,862)	(703,840)
Net investment in properties	3,389,623	3,256,535
Investments in and advances to unconsolidated joint ventures	82,683	94,728
Net investment in real estate	3,472,306	3,351,263
Cash and cash equivalents	11,783	19,631
Restricted cash	3,005	3,779
Deferred loan costs, net	9,101	8,026
Straight-line rent and other receivables, net of allowance for doubtful accounts	57,347	54,183
Other assets, net	17,623	14,652
Assets held for sale	1,046
Total assets	3,572,211	3,451,534
Liabilities:
Accounts payable and accrued expenses	91,511	83,543
Distributions payable	26,029	25,973
Tenant prepaids and security deposits	31,311	30,539
Other liabilities	17,867	14,078
Intangible lease liabilities, net	21,859	22,940
Line of credit	186,000	37,000
Senior unsecured notes	1,082,788	1,122,621
Mortgage notes	264,157	249,424
Liabilities related to assets held for sale	18
Total liabilities	1,721,540	1,586,118
Equity/Partners' Capital:
Accumulated other comprehensive loss	(25,926)	(28,487)
General Partner: OP Units, 924,395 and 922,131 issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	18,647	18,819
Limited Partner: OP Units, 91,515,090 and 91,290,942 issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	1,846,015	1,863,050
Total partners' capital	1,838,736	1,853,382
Noncontrolling interests	11,935	12,034
Total capital	1,850,671	1,865,416
Total liabilities and equity	$ 3,572,211	$ 3,451,534

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Straight-line rent and other receivables, allowance for doubtful accounts	$ 433	$ 956
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	0	0
Shares-in-trust, par value	$ 0.01	$ 0.01
Shares-in-trust, shares authorized	100,000,000	100,000,000
Shares-in-trust, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	88,209,975	88,012,696
Common stock, shares outstanding	88,209,975	88,012,696
DCT Industrial Operating Partnership LP [Member]
Straight-line rent and other receivables, allowance for doubtful accounts	$ 433	$ 956
General Partner: OP Units issued	924,232	922,131
General Partner: OP Units outstanding	924,232	922,131
Limited Partner: OP Units issued	91,498,991	91,290,942
Limited Partner: OP Units outstanding	91,498,991	91,290,942

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES:
Rental revenues	$ 88,092	$ 84,285	$ 264,269	$ 250,206
Institutional capital management and other fees	333	322	1,134	1,394
Total revenues	88,425	84,607	265,403	251,600
OPERATING EXPENSES:
Rental expenses	8,900	9,672	27,456	31,507
Real estate taxes	14,056	13,288	42,082	40,196
Real estate related depreciation and amortization	39,431	37,842	116,876	111,545
General and administrative	7,720	6,727	24,912	21,059
Impairment losses	371	900	371	5,635
Casualty and involuntary conversion (gain) loss		14		(326)
Total operating expenses	70,478	68,443	211,697	209,616
Operating income	17,947	16,164	53,706	41,984
OTHER INCOME (EXPENSE):
Development profit, net of taxes			2,627	2,016
Equity in earnings of unconsolidated joint ventures, net	4,493	892	6,336	5,202
Gain on business combination				1,000
Gain on dispositions of real estate interests		10,230	41,086	11,647
Interest expense	(13,078)	(16,078)	(40,591)	(48,316)
Interest and other income (expense)	(42)	1,577	(71)	1,582
Income tax benefit (expense) and other taxes	(241)	73	(712)	257
Income from continuing operations	9,079	12,858	62,381	15,372
Income from discontinued operations		352		5,576
Consolidated net income of DCT Industrial Trust Inc.	9,079	13,210	62,381	20,948
Net income attributable to noncontrolling interests	(622)	(801)	(6,882)	(1,421)
Net Income (loss) attributable to common stockholders/OP Unitholders	8,457	12,409	55,499	19,527
Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 8,291	$ 12,238	$ 54,989	$ 19,020
EARNINGS PER COMMON SHARE - BASIC
Income from continuing operations	$ 0.09	$ 0.15	$ 0.62	$ 0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	0.09	0.15	0.62	0.23
EARNINGS PER COMMON SHARE - DILUTED
Income from continuing operations	0.09	0.15	0.62	0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	$ 0.09	$ 0.15	$ 0.62	$ 0.23
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	88,207	83,391	88,162	82,227
Diluted	88,526	83,691	88,472	82,509
Distributions declared per common share	$ 0.28	$ 0.28	$ 0.84	$ 0.84
DCT Industrial Operating Partnership LP [Member]
REVENUES:
Rental revenues	$ 88,092	$ 84,285	$ 264,269	$ 250,206
Institutional capital management and other fees	333	322	1,134	1,394
Total revenues	88,425	84,607	265,403	251,600
OPERATING EXPENSES:
Rental expenses	8,900	9,672	27,456	31,507
Real estate taxes	14,056	13,288	42,082	40,196
Real estate related depreciation and amortization	39,431	37,842	116,876	111,545
General and administrative	7,720	6,727	24,912	21,059
Impairment losses	371	900	371	5,635
Casualty and involuntary conversion (gain) loss		14		(326)
Total operating expenses	70,478	68,443	211,697	209,616
Operating income	17,947	16,164	53,706	41,984
OTHER INCOME (EXPENSE):
Development profit, net of taxes			2,627	2,016
Equity in earnings of unconsolidated joint ventures, net	4,493	892	6,336	5,202
Gain on business combination				1,000
Gain on dispositions of real estate interests		10,230	41,086	11,647
Interest expense	(13,078)	(16,078)	(40,591)	(48,316)
Interest and other income (expense)	(42)	1,577	(71)	1,582
Income tax benefit (expense) and other taxes	(241)	73	(712)	257
Income from continuing operations	9,079	12,858	62,381	15,372
Income from discontinued operations		352		5,576
Consolidated net income of DCT Industrial Trust Inc.	9,079	13,210	62,381	20,948
Net income attributable to noncontrolling interests	(226)	(148)	(4,203)	(385)
Net Income (loss) attributable to common stockholders/OP Unitholders	8,853	13,062	58,178	20,563
Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Adjusted net income attributable to common stockholders / OP Unitholders	$ 8,687	$ 12,891	$ 57,668	$ 20,056
EARNINGS PER COMMON SHARE - BASIC
Income from continuing operations	$ 0.09	$ 0.15	$ 0.62	$ 0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	0.09	0.15	0.62	0.23
Net income attributable to OP Unitholders	0.09	0.15	0.62	0.23
EARNINGS PER COMMON SHARE - DILUTED
Income from continuing operations	0.09	0.15	0.62	0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	0.09	0.15	0.62	0.23
Net income attributable to OP Unitholders	$ 0.09	$ 0.15	$ 0.62	$ 0.23
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	92,424	87,679	92,419	86,587
Diluted	92,743	87,979	92,729	86,869
Distributions declared per common share	$ 0.28	$ 0.28	$ 0.84	$ 0.84

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP	$ 9,079	$ 13,210	$ 62,381	$ 20,948
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	(518)	135	(973)	(711)
Net reclassification adjustment on cash flow hedging instruments	1,155	1,163	3,466	3,491
Other comprehensive income	637	1,298	2,493	2,780
Comprehensive income	9,716	14,508	64,874	23,728
Comprehensive income attributable to noncontrolling interests	(576)	(881)	(6,930)	(1,659)
Comprehensive income attributable to common stockholders/OP Unitholders	9,140	13,627	57,944	22,069
DCT Industrial Operating Partnership LP [Member]
Consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP	9,079	13,210	62,381	20,948
Other comprehensive income:
Net derivative gain (loss) on cash flow hedging instruments	(518)	135	(973)	(711)
Net reclassification adjustment on cash flow hedging instruments	1,155	1,163	3,466	3,491
Other comprehensive income	637	1,298	2,493	2,780
Comprehensive income	9,716	14,508	64,874	23,728
Comprehensive income attributable to noncontrolling interests	(141)	(156)	(4,135)	(374)
Comprehensive income attributable to common stockholders/OP Unitholders	$ 9,575	$ 14,352	$ 60,739	$ 23,354

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Distributions In Excess Of Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Non-Controlling Interests [Member]
Balance, value at Dec. 31, 2014	$ 1,865,416	$ 880	$ 2,762,431	$ (986,289)	$ (27,190)	$ 115,584
Balance, shares at Dec. 31, 2014	88,012,696	88,013,000
Net income	$ 62,381			55,499		6,882
Other comprehensive income	2,493				2,445	48
Issuance of common stock, stock-based compensation plans, value	$ (605)	$ 1	(606)
Issuance of common stock, stock-based compensation plans, shares	100,000	87,000
Amortization of stock-based compensation	$ 5,065		1,243			3,822
Distributions to common stockholders and noncontrolling interests	(82,365)			(74,147)		(8,218)
Redemptions of noncontrolling interests, value	$ (1,714)	$ 1	2,163			(3,878)
Redemptions of noncontrolling interests, shares	100,000	110,000
Balance, value at Sep. 30, 2015	$ 1,850,671	$ 882	$ 2,765,231	$ (1,004,937)	$ (24,745)	$ 114,240
Balance, shares at Sep. 30, 2015	88,209,975	88,210,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 62,381	$ 20,948
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP to net cash provided by operating activities:
Real estate related depreciation and amortization	116,876	111,545
Gain on acquisitions and dispositions of real estate interests	(41,086)	(18,034)
Distributions of earnings from unconsolidated joint ventures	4,310	3,724
Equity in earnings of unconsolidated joint ventures, net	(6,336)	(5,202)
Impairment losses	371	5,767
Stock-based compensation	3,882	3,410
Casualty and involuntary conversion gain		(326)
Straight-line rent	(4,293)	(7,628)
Other	(447)	3,580
Changes in operating assets and liabilities:
Other receivables and other assets	4,639	3,957
Accounts payable, accrued expenses and other liabilities	11,406	7,368
Net cash provided by operating activities	151,703	129,109
INVESTING ACTIVITIES:
Real estate acquisitions	(154,833)	(257,098)
Capital expenditures and development activities	(162,538)	(134,865)
Proceeds from dispositions of real estate investments	136,128	126,160
Investments in unconsolidated joint ventures	(840)	(754)
Proceeds from casualties and involuntary conversion		604
Distributions of investments in unconsolidated joint ventures	9,488	17,043
Other investing activities	(2,510)	5,970
Net cash used in investing activities	(175,105)	(242,940)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	210,000	135,000
Repayments of senior unsecured revolving line of credit	(61,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Principal payments on mortgage notes	(5,999)	(14,446)
Proceeds from issuance of common stock		105,015
Net settlement on issuance of stock-based compensation awards	(605)	(282)
Offering costs for issuance of common stock and OP Units		(1,392)
Redemption of noncontrolling interests	(1,714)	(800)
Dividends to common stockholders	(74,102)	(68,705)
Distributions to noncontrolling interests	(8,207)	(4,546)
Contributions from noncontrolling interests		101
Other financing activity	(2,819)	(14)
Net cash provided by financing activities	15,554	107,931
NET CHANGE IN CASH AND CASH EQUIVALENTS	(7,848)	(5,900)
CASH AND CASH EQUIVALENTS, beginning of period	19,631	32,226
CASH AND CASH EQUIVALENTS, end of period	11,783	26,326
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	35,706	42,350
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	21,850	19,396
Redemptions of OP Units settled in shares of common stock	2,164	6,029
Assumption of mortgage notes in connection with real estate acquired	22,958	11,459
DCT Industrial Operating Partnership LP [Member]
OPERATING ACTIVITIES:
Net income	62,381	20,948
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc./DCT Industrial Operating Partnership LP to net cash provided by operating activities:
Real estate related depreciation and amortization	116,876	111,545
Gain on acquisitions and dispositions of real estate interests	(41,086)	(18,034)
Distributions of earnings from unconsolidated joint ventures	4,310	3,724
Equity in earnings of unconsolidated joint ventures, net	(6,336)	(5,202)
Impairment losses	371	5,767
Stock-based compensation	3,882	3,410
Casualty and involuntary conversion gain		(326)
Straight-line rent	(4,293)	(7,628)
Other	(447)	3,580
Changes in operating assets and liabilities:
Other receivables and other assets	4,639	3,957
Accounts payable, accrued expenses and other liabilities	11,406	7,368
Net cash provided by operating activities	151,703	129,109
INVESTING ACTIVITIES:
Real estate acquisitions	(154,833)	(257,098)
Capital expenditures and development activities	(162,538)	(134,865)
Proceeds from dispositions of real estate investments	136,128	126,160
Investments in unconsolidated joint ventures	(840)	(754)
Proceeds from casualties and involuntary conversion		604
Distributions of investments in unconsolidated joint ventures	9,488	17,043
Other investing activities	(2,510)	5,970
Net cash used in investing activities	(175,105)	(242,940)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	210,000	135,000
Repayments of senior unsecured revolving line of credit	(61,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Principal payments on mortgage notes	(5,999)	(14,446)
Proceeds from the issuance of OP Units in exchange for contributions from the REIT, net		103,623
Net settlement on issuance of stock-based compensation awards	(605)	(282)
OP Unit redemptions	(1,714)	(800)
Dividends to common stockholders	(78,075)	(72,753)
Distributions to noncontrolling interests	(4,234)	(498)
Contributions from noncontrolling interests		101
Other financing activity	(2,819)	(14)
Net cash provided by financing activities	15,554	107,931
NET CHANGE IN CASH AND CASH EQUIVALENTS	(7,848)	(5,900)
CASH AND CASH EQUIVALENTS, beginning of period	19,631	32,226
CASH AND CASH EQUIVALENTS, end of period	11,783	26,326
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest	35,706	42,350
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets	21,850	19,396
Assumption of mortgage notes in connection with real estate acquired	$ 22,958	$ 11,459

Consolidated Statement Of Chan8

Consolidated Statement Of Changes In Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Balance at beginning of period, Units		4,200
Balance at beginning of period		$ (27,190)
Net income	$ 9,079	62,381
Other comprehensive income (loss)	$ 637	2,493
Amortization of stock-based compensation		$ 5,065
Redemption of limited partner OP Units, Units		(200)
Balance at end of period, Units	4,200	4,200
Balance at end of period	$ (24,745)	$ (24,745)
Non-Controlling Interests [Member]
Net income		6,882
Other comprehensive income (loss)		48
Amortization of stock-based compensation		3,822
DCT Industrial Operating Partnership LP [Member]
Balance at beginning of period		1,865,416
Balance at beginning of period		18,819
Balance at beginning of period		1,863,050
Balance at beginning of period		(28,487)
Balance at beginning of period		12,034
Net income	9,079	62,381
Other comprehensive income (loss)	637	2,493
Issuance of OP Units, share-based compensation plans		(605)
Amortization of stock-based compensation		5,065
Distributions to OP Unitholders and noncontrolling interests		(82,365)
Redemption of limited partner OP Units, net		(1,714)
Balance at end of period	1,850,671	1,850,671
Balance at end of period	18,647	18,647
Balance at end of period	1,846,015	1,846,015
Balance at end of period	(25,926)	(25,926)
Balance at end of period	11,935	11,935
DCT Industrial Operating Partnership LP [Member] | Non-Controlling Interests [Member]
Balance at beginning of period		12,034
Net income		4,203
Other comprehensive income (loss)		(68)
Distributions to OP Unitholders and noncontrolling interests		(4,234)
Balance at end of period	11,935	11,935
DCT Industrial Operating Partnership LP [Member] | General Partner [Member]
Balance at beginning of period		$ 18,819
Balance at beginning of period, Units		922
Net income		$ 582
Distributions to OP Unitholders and noncontrolling interests		(781)
Conversion of limited partner OP Units to OP Units of general partner		$ 27
Conversion of limited partner OP Units to OP Units of general partner, Units		2
Balance at end of period	$ 18,647	$ 18,647
Balance at end of period, Units	924	924
DCT Industrial Operating Partnership LP [Member] | Limited Partners [Member]
Balance at beginning of period		$ 1,863,050
Balance at beginning of period, Units		91,291
Net income		$ 57,596
Issuance of OP Units, share-based compensation plans		$ (605)
Issuance of OP Units, share-based compensation plans, Units		261
Amortization of stock-based compensation		$ 5,065
Distributions to OP Unitholders and noncontrolling interests		(77,350)
Redemption of limited partner OP Units, net		$ (1,714)
Redemption of limited partner OP Units, Units		(51)
Conversion of limited partner OP Units to OP Units of general partner		$ (27)
Conversion of limited partner OP Units to OP Units of general partner, Units		(2)
Balance at end of period	$ 1,846,015	$ 1,846,015
Balance at end of period, Units	91,499	91,499
DCT Industrial Operating Partnership LP [Member] | Accumulated Other Comprehensive Loss [Member]
Balance at beginning of period		$ (28,487)
Other comprehensive income (loss)		2,561
Balance at end of period	$ (25,926)	$ (25,926)

Organization

Organization	9 Months Ended
	Sep. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	Note 1 – Organization DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States (“U.S.”). As used herein, the terms “Company,” “we,” “our” and “us” refer to DCT Industrial Trust Inc. and its subsidiaries, including its operating partnership, DCT Industrial Operating Partnership LP. When we use the term “DCT” or “DCT Industrial," we are referring to DCT Industrial Trust Inc. by itself, and not including any of its subsidiaries, and when we use the term the “Operating Partnership,” we are referring to DCT Industrial Operating Partnership LP by itself, and not including any of its subsidiaries. DCT was formed as a Maryland corporation in April 2002 and has elected to be treated as a real estate investment trust, or REIT, for U.S. federal income tax purposes. We are structured as an umbrella partnership REIT under which substantially all of our current and future business is, and will be, conducted through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP, a Delaware limited partnership, for which DCT is the sole general partner. DCT owns properties through the Operating Partnership and its subsidiaries. As of September 30, 2015, DCT owned approximately 95.4% of the outstanding equity interests in the Operating Partnership. On November 17, 2014, we completed a one-for-four reverse stock split of our issued and outstanding common stock and a corresponding reverse split of the partnership interests of the Operating Partnership. The number of authorized shares and the par value of the common stock were not changed. All common stock/unit and per share/unit data for all periods presented in this Quarterly Report on Form 10-Q have been restated to give effect to the reverse stock split. In May 2015, we determined that we had been the victim of a criminal fraud involving the impersonation of our Chief Executive Officer resulting in our transfer of $6.1 million to third-party overseas accounts. As a result of efforts working with our bank and federal law enforcement authorities, we have recovered approximately $3.0 million of the amount transferred. In addition, we have incurred $0.3 million of other costs related to the investigation of this incident. We have filed a claim with our insurance carriers related to this incident. As of September 30, 2015, it is not known whether we will be determined to be entitled to receive insurance proceeds related to this claim. Accordingly, during the nine months ended September 30, 2015, we recorded an expense of $3.4 million in “General and administrative” expense related to this incident and the associated internal investigation, which expense may be reduced in the future by any insurance claim recoveries. As of September 30, 2015, the Company owned interests in approximately 73.3 million square feet of properties leased to approximately 900 customers, including: — 62.0 million square feet comprising 405 consolidated operating properties, including one 33,000 square foot building classified as held for sale, were 94.5% occupied; — 7.5 million square feet comprising 23 unconsolidated properties were 92.9% occupied and which we operated on behalf of three institutional capital management partners; — 0.8 million square feet comprising four consolidated properties under redevelopment; and — 3.0 million square feet comprising eight consolidated buildings in development. In addition, the Company has 11 projects under construction and several projects in predevelopment. See Note 3 – Investment in Properties for further details.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements include all adjustments, consisting of normal recurring items, necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with our audited Consolidated Financial Statements as of December 31, 2014 and related notes thereto included in our Form 10-K filed on February 20, 2015. Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements include the financial position, results of operations and cash flows of the Company, the Operating Partnership, their wholly-owned qualified REIT subsidiaries and taxable REIT subsidiaries, and their consolidated joint ventures in which they have a controlling interest. Equity interests in the Operating Partnership held by entities other than DCT are classified within partners’ capital in the Operating Partnership’s financial statements and as noncontrolling interests in DCT’s financial statements. Equity interests in entities consolidated into the Operating Partnership that are held by third parties are reflected in our accompanying balance sheets as noncontrolling interests in consolidated entities. We also have noncontrolling partnership interests in unconsolidated institutional capital management and other joint ventures, which are accounted for under the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. We hold interests in both consolidated and unconsolidated joint ventures. All joint ventures over which we have financial and operating control, and variable interest entities (“VIEs”) in which we have determined that we are the primary beneficiary, are included in the Consolidated Financial Statements. We use the equity method of accounting for joint ventures over which we do not have a controlling interest or where we do not exercise significant control over major operating and management decisions but where we exercise significant influence and include our share of earnings or losses of these joint ventures in our consolidated results of operations. We analyze our joint ventures in accordance with GAAP to determine whether they are VIEs and, if so, whether we are the primary beneficiary. Our judgment with respect to our level of influence or control over an entity and whether we are the primary beneficiary of a VIE involves consideration of various factors including the form of our ownership interest, our representation on the entity’s board of directors, the size of our investment (including loans) and our ability to participate in major decisions. Our ability to correctly assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and, consequently, our financial position and results of operations. Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, we record receivables from tenants that we expect to collect over the remaining lease term rather than currently, which are recorded as a straight-line rent receivable. When we acquire a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $0.9 million and $4.3 million for the three and nine months ended September 30, 2015, respectively, and approximately $2.3 million and $7.6 million for the three and nine months ended September 30, 2014, respectively. Tenant recovery income includes payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as “Rental revenues” during the same period the related expenses are incurred. Tenant recovery income recognized as “Rental revenues” was approximately $20.6 million and $62.8 million for the three and nine months ended September 30, 2015, respectively, and approximately $19.4 million and $58.2 million for the three and nine months ended September 30, 2014, respectively. We maintain an allowance for estimated losses that may result from the inability of our tenants to make required payments. If a tenant fails to make contractual payments beyond any allowance, we may recognize additional bad debt expense in future periods equal to the net outstanding balances. In connection with property acquisitions qualifying as business combinations, we may acquire leases with rental rates above or below the market rental rates. Such differences are recorded as an intangible lease asset or liability and amortized to “Rental revenues” over the reasonably assured term of the related leases. We consider a reasonably assured term to be the measurement period equal to the remaining Early lease termination fees are recorded in “Rental revenues” on a straight-line basis over the estimated remaining contractual lease term or upon collection if collectability is not assured. The total net impact to “Rental revenues” due to early lease termination fees was approximately $1.2 million and $2.4 million for the three and nine months ended September 30, 2015, respectively, and approximately $0.3 million and $1.9 million for the three and nine months ended September 30, 2014, respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other agreements. These are included in our Consolidated Statements of Operations in “Institutional capital management and other fees.” We recognize revenues from asset management fees, acquisition fees, property management fees and fees for other services when the related fees are earned and are realized or realizable. We develop certain properties for specific buyers, called build-to-suit projects. We make certain judgments based on the specific terms of each project as to the amount and timing of recognition of profits from the project. Projects are generally accounted for using the percentage of completion method or full accrual method. Profits under the percentage of completion method are based on our estimates of the percentage of completion of individual contracts, commencing when the work performed under the contracts reaches a point where the final costs can be estimated with reasonable accuracy. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to the costs and income and are recognized in the period in which the revisions are determined. If the sale recognition criteria for using the percentage of completion or full accrual methods are not met, we apply another recognition method provided by GAAP, such as the installment or cost recovery methods. The profit recognized from these projects is reported net of estimated taxes, when applicable, and is included in “Development profit, net of taxes” in our Consolidated Statements of Operations. New Accounting Standards In May 2014, the FASB issued an accounting standards update (“ASU”) that requires companies to recognize revenue from contracts with customers based upon the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. The guidance is effective for fiscal years beginning after December 15, 2017. The Company is in the process of evaluating the impact this guidance will have on our Consolidated Financial Statements. In February 2015, the FASB issued an ASU that modifies the evaluation of whether limited partnerships and similar legal entities are VIEs, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the potential impact this guidance will have on our Consolidated Financial Statements. In April 2015, the FASB issued an ASU that requires debt issuance costs related to a recognized liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. In August 2015, the FASB issued an ASU which clarified that debt issuance costs related to line-of-credit arrangements can be presented as an asset and amortized over the term of the line-of-credit arrangement regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the ASU to have a material effect on the Company’s results of operations, however, it will impact alance Sheet presentation and disclosures related to the Company’s debt issuance costs

Investment In Properties

Investment In Properties	9 Months Ended
	Sep. 30, 2015
Investments [Abstract]
Investment In Properties	Note 3 – Investment in Properties Our consolidated investment in properties consists of operating properties, properties under development, redevelopment properties, properties in pre-development and land held for future development or other purposes. The historical cost of our investment in properties was (in thousands): September 30, December 31, 2015 2014 Operating properties $ 3,754,744 $ 3,635,287 Properties under development 289,560 241,934 Properties in pre-development 47,034 23,353 Properties under redevelopment 45,449 50,931 Land held 7,698 8,870 Total Investment in Properties 4,144,485 3,960,375 Less accumulated depreciation and amortization (754,862 ) (703,840 ) Net Investment in Properties $ 3,389,623 $ 3,256,535 Acquisition Activity During the nine months ended September 30, 2015, we acquired 14 buildings totaling 2.1 million square feet. These properties located in the Atlanta, Dallas, Denver, Houston, Northern California, Phoenix and Seattle markets were acquired for a total purchase price of approximately $124.9 million. In addition, we incurred acquisition costs of approximately $1.9 million during the nine months ended September 30, 2015, included in “General and administrative” in our Consolidated Statements of Operations. Development Activity Our properties under development include the following: — Eight buildings totaling 3.0 million square feet are currently in lease-up as shell-complete activities have been completed as of September 30, 2015. These properties are 70.3% leased based on weighted average square feet; and — Eleven projects under construction totaling 3.7 million square feet. During the nine months ended September 30, 2015, we acquired 232.3 acres of land in the Atlanta, Baltimore/Washington D.C., Chicago, Dallas, Miami and Orlando markets for approximately $52.4 million that is held for future development. During the nine months ended September 30, 2015, we recognized development profit, net of taxes, of approximately $2.6 million related to the sales of 8 th th th Disposition Activity During the nine months ended September 30, 2015, we sold 13 consolidated operating properties totaling 3.7 million square feet from our Atlanta and Memphis markets to third-parties for gross proceeds of approximately $138.1 million. We recognized gains of approximately $41.1 million on the disposition of these 13 properties. Intangible Lease Assets and Liabilities Aggregate amortization expense for intangible lease assets recognized in connection with property acquisitions (excluding assets and liabilities related to above and below market rents; see “Note 2—Summary of Significant Accounting Policies” for additional information) was approximately $3.6 million and $11.2 million for the three and nine months ended September 30, 2015, respectively, and $3.6 million and $10.9 million for the three and nine months ended September 30, 2014, respectively. Our intangible lease assets and liabilities include the following as of September 30, 2015 and December 31, 2014 (in thousands): September 30, 2015 December 31, 2014 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 83,181 $ (37,298 ) $ 45,883 $ 81,996 $ (33,031 ) $ 48,965 Above market rent $ 4,937 $ (2,314 ) $ 2,623 $ 4,519 $ (1,773 ) $ 2,746 Below market rent $ (31,135 ) $ 9,276 $ (21,859 ) $ (30,266 ) $ 7,326 $ (22,940 )

Investments In And Advances To

Investments In And Advances To Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	Note 4 – Investments in and Advances to Unconsolidated Joint Ventures We enter into joint ventures primarily for purposes of operating and developing industrial real estate. Our investments in these joint ventures are included in “Investments in and advances to unconsolidated joint ventures” in our Consolidated Balance Sheets. During August 2015, IDI/DCT, LLC sold its last property. We received approximately $14.0 million for our share of the gross proceeds and recognized our share of the gain on sale of approximately $3.7 million, included in “Equity in Earnings of unconsolidated joint ventures, net” in our Consolidated Statement of Operations. During August 2015, we purchased our partner’s 25.0% interest in one land parcel from the IDI/DCT Buford, LLC joint venture for approximately $1.1 million. The following table summarizes our unconsolidated joint ventures as of September 30, 2015 and December 31, 2014 (dollars in thousands): As of September 30, 2015 Investments in and Advances to as of Ownership Number of September 30, December 31, Unconsolidated Joint Ventures Percentage Buildings 2015 2014 Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 38,624 $ 39,744 TRT-DCT Venture III 10.0 % 4 1,164 1,196 Total Institutional Joint Ventures 17 39,788 40,940 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 6 $ 42,631 $ 45,342 IDI/DCT, LLC 0.0 % - 264 4,363 IDI/DCT Buford, LLC (land only) 0.0 % - - 4,083 Total Other 6 42,895 53,788 Total 23 $ 82,683 $ 94,728 (1) Although we contributed 100% of the initial cash equity capital required by the venture, our partners retain certain participant rights in the venture’s available cash flows. Guarantees There are no lines of credit or side agreements related to, or between, our unconsolidated joint ventures and us, and there are no derivative financial instruments between our unconsolidated joint ventures and us. In addition, we believe we have no material exposure to financial guarantees.

Financial Instruments And Hedgi

Financial Instruments And Hedging Activities	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Financial Instruments And Hedging Activities	Note 5 – Financial Instruments and Hedging Activities Fair Value of Financial Instruments As of September 30, 2015 and December 31, 2014, the fair values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximated their carrying values due to the short-term nature of settlement of these instruments. The fair values of other financial instruments subject to fair value disclosures were determined based on available market information and valuation methodologies we believe to be appropriate estimates for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates. Our estimates may differ from the actual amounts that we could realize upon disposition. The following table summarizes these financial instruments (in thousands): As of September 30, 2015 As of December 31, 2014 Carrying Estimated Carrying Estimated Amounts Fair Value Amounts Fair Value Borrowings (1) Senior unsecured revolving credit facility $ 186,000 $ 186,000 $ 37,000 $ 37,000 Fixed rate debt (2) $ 1,121,945 $ 1,197,106 $ 1,147,045 $ 1,238,671 Variable rate debt $ 225,000 $ 223,902 $ 225,000 $ 226,431 Interest rate contracts: Interest rate swap liability (3) $ (311 ) $ (311 ) $ (167 ) $ (167 ) (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. (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” or “Other liabilities,” respectively, in our Consolidated Balance Sheets. The following table displays a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2015 and 2014. The table also displays gains and losses due to changes in fair value, including both realized and unrealized, recognized in the Consolidated Statements of Operations for Level 3 assets and liabilities. When assets and liabilities are transferred between levels, we recognize the transfer at the beginning of the period. There were no transfers between levels during the three and nine months ended September 30, 2015 and 2014. During the Nine Months Ended September 30, 2015 2014 Level 3 Assets (Liabilities): Interest Rate Swaps: Beginning balance at January 1 $ (167 ) $ 212 Net unrealized loss included in accumulated other comprehensive income (255 ) (351 ) Realized loss recognized in interest expense 111 116 Ending balance at September 30 $ (311 ) $ (23 ) Hedging Activities To manage interest rate risk for variable rate debt and issuances of fixed rate debt, we primarily use treasury locks and interest rate swaps as part of our cash flow hedging strategy. These derivatives are designed to mitigate the risk of future interest rate increases by providing a fixed interest rate for a limited, pre-determined period of time. Such derivatives have been used to hedge the variability in existing and future interest expense associated with existing variable rate borrowings and forecasted issuances of debt, which may include the issuances of new debt, as well as refinancing of existing debt upon maturity. Accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the designation of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. For derivatives designated as “cash flow” hedges, the effective portion of the changes in the fair value of the derivative is initially reported in “Other comprehensive income (“OCI”)” in our Consolidated Statements of Comprehensive Income (i.e., not included in earnings) and subsequently reclassified into earnings when the hedged transaction affects earnings or the hedging relationship is no longer effective at which time the ineffective portion of the derivative’s changes in fair value is recognized directly into earnings. We assess the effectiveness of each hedging relationship whenever financial statements are issued or earnings are reported and at least every three months. We do not use derivatives for trading or speculative purposes. During June 2013, certain of our consolidated ventures entered into two pay-fixed, receive-floating interest rate swaps to hedge the variability of future cash flows attributable to changes in the 1 month LIBOR rates. The pay-fixed, receive-floating swaps have an effective date of June 2013 and a maturity date of June 2023. These interest rates swaps effectively fix the interest rate on the related debt instruments at 4.72%. As of September 30, 2015 and December 31, 2014, we had borrowings payable subject to pay-fixed, receive-floating interest rate swaps with aggregate principal balances of approximately $6.8 million and $7.0 million, respectively. The following table presents the effect of our derivative financial instruments on our accompanying consolidated financial statements for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of gain (loss) recognized in OCI for effective portion of derivatives $ 518 $ 135 $ (973 ) $ (711 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,155 ) $ (1,163 ) $ (3,466 ) $ (3,491 ) Amounts reported in “Accumulated other comprehensive loss” related to derivatives will be amortized to “Interest expense” as interest payments are made on our current debt and anticipated debt issuances. During the next 12 months, we estimate that approximately $4.2 million will be reclassified from “Accumulated other comprehensive loss” to “Interest expense” resulting in an increase in interest expense.

Outstanding Indebtedness

Outstanding Indebtedness	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Outstanding Indebtedness	Note 6 – Outstanding Indebtedness As of September 30, 2015, our outstanding indebtedness of approximately $1.5 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $36.7 million representing our proportionate share of debt associated with unconsolidated joint ventures. As of December 31, 2014, our outstanding indebtedness of approximately $1.4 billion consisted of mortgage notes, senior unsecured notes and bank unsecured credit facilities, excluding approximately $42.5 million representing our proportionate share of debt associated with unconsolidated joint ventures. As of September 30, 2015, the gross book value of our consolidated properties was approximately $4.1 billion and the gross book value of all properties securing our mortgage debt was approximately $0.7 billion. As of December 31, 2014, the gross book value of our consolidated properties was approximately $4.0 billion and the gross book value of all properties securing our mortgage debt was approximately $0.6 billion. Our debt has various covenants with which we were in compliance as of September 30, 2015 and December 31, 2014. Line of Credit As of September 30, 2015, we had $186.0 million outstanding and $210.5 million available under our senior unsecured revolving credit facility, net of one letter of credit totaling $3.5 million. As of December 31, 2014, we had $37.0 million outstanding and $243.5 million available under our senior unsecured revolving credit facility, net of three letters of credit totaling $19.5 million. Debt Assumptions During the nine months ended September 30, 2015, we assumed two mortgage notes with aggregate outstanding balances totaling $21.1 million in connection with property acquisitions. We recorded a $1.9 million premium in connection with the assumption of these notes. Debt Payoffs and Refinancing On April 8, 2015, we amended and restated our existing $225.0 million senior unsecured term loan and $300.0 million senior unsecured revolving credit facility with our syndicated bank group. The senior unsecured term loan was disaggregated into two tranches, $125.0 million and $100.0 million, with maturity dates of April 8, 2020 and April 8, 2017, respectively. The senior unsecured revolving credit facility’s commitment was increased to $400.0 million with a maturity date of April 8, 2019. During June 2015, we paid-off our $40.0 million senior unsecured note maturing in June 2015, using proceeds from the Company’s senior unsecured revolving credit facility and dispositions. During October 2015, we paid-off a $50.9 million mortgage note maturing February 2016. Guarantee of Debt DCT has guaranteed the Operating Partnership’s obligations with respect to the senior unsecured notes and the senior unsecured revolving credit facility.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Note 7 – Noncontrolling Interests DCT Noncontrolling interests are the portion of equity, or net assets, in a subsidiary not attributable, directly or indirectly, to a parent. Noncontrolling interests of DCT primarily represent limited partnership interests in the Operating Partnership and equity interests held by third party partners in consolidated real estate investments, including related parties as discussed in Note 9 – Related Party Transactions. The following table illustrates the noncontrolling interests’ share of consolidated net income during the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Noncontrolling interests’ share of income from continuing operations $ (622 ) $ (787 ) $ (6,882 ) $ (1,140 ) Noncontrolling interests’ share of income from discontinued operations - (14 ) - (281 ) Net income attributable to noncontrolling interests $ (622 ) $ (801 ) $ (6,882 ) $ (1,421 ) Operating Partnership Equity interests in the Operating Partnership held by third-parties and LTIP Units, as defined in Note 8 – Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership, are classified as permanent equity of the Operating Partnership and as noncontrolling interests of DCT in the Consolidated Balance Sheets . All income attributable to noncontrolling interest holders for all periods presented in the Operating Partnership’s Consolidated Statements of Operations is income from continuing operations.

Stockholders' Equity of DCT and

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	9 Months Ended
	Sep. 30, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership	Note 8 – Stockholders’ Equity of DCT and Partners’ Capital of the Operating Partnership On November 17, 2014, we completed a one-for-four reverse stock split of our issued and outstanding common stock and a corresponding reverse split of the partnership interests of the Operating Partnership. The number of authorized shares and the par value of the common stock were not changed. All common stock/unit and per share/unit data for all periods presented in this Quarterly Report on Form 10-Q have been restated to give effect to the reverse stock split. DCT Common Stock As of September 30, 2015, approximately 88.2 million shares of common stock were issued and outstanding. During the nine months ended September 30, 2015 and 2014, we issued approximately 0.1 million shares of common stock in each corresponding period related to vested shares of restricted stock, phantom shares and stock option exercises. Operating Partnership OP Units For each share of common stock issued by DCT, the Operating Partnership issues a corresponding OP Unit to DCT in exchange for the contribution of the proceeds from the stock issuances. As of September 30, 2015 and December 31, 2014, DCT owned approximately 95.4% of the outstanding equity interests in the Operating Partnership. The remaining common partnership interests in the Operating Partnership were owned by executives of the Company and non-affiliated limited partners. DCT holds its interests through both general and limited partner units. The Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”) stipulates that the general partner shall at all times own a minimum of 1.0% of all outstanding OP Units. As a result, each reporting period certain of DCT’s limited partner units are converted to general partner units to satisfy this requirement as illustrated in the Consolidated Statement of Changes in Capital. Limited partners have the right to require the Company to redeem all or a portion of the OP Units held by the limited partner at a redemption price equal to and in the form of the Cash Amount (as defined in the Partnership Agreement), provided that such OP Units have been outstanding for at least one year. The Company may, in its sole discretion, purchase the OP Units by paying to the limited partner either the Cash Amount or the REIT Shares Amount (generally one share of DCT’s common stock for each OP Unit), as defined in the Partnership Agreement. During the nine months ended September 30, 2015 and 2014, approximately 0.2 million and 0.3 million OP Units were redeemed for approximately $1.7 million and $0.8 million in cash and approximately 0.1 million and 0.2 million shares of DCT common stock, respectively. As of September 30, 2015 and December 31, 2014, there were approximately 4.2 million outstanding OP Units in each corresponding period held by entities other than DCT and redeemable, with an aggregate redemption value of approximately $141.8 million and $149.8 million based on the $33.66 and $35.66 per share closing price of DCT’s common stock on September 30, 2015 and December 31, 2014, respectively. Equity-Based Compensation On October 10, 2006, the Company established the Long-Term Incentive Plan, as amended, to grant restricted stock, stock options and other awards to our personnel and directors, as defined in the plan. Awards granted under this plan are measured at fair value on the grant date and amortized to compensation expense on a straight-line basis over the service period during which the awards fully vest. Such expense is included in “General and administrative” expense in our Consolidated Statements of Operations. Options issued under the Long-Term Incentive Plan are valued using the Black-Scholes option pricing model, which relies on assumptions we make related to the expected term of the options, volatility, dividend yield and risk-free interest rate. During the nine months ended September 30, 2015, we did not grant any stock options. Restricted Stock Holders of restricted stock have voting rights and rights to receive dividends. Restricted stock may not be sold, assigned, transferred, pledged or otherwise disposed of and is subject to a risk of forfeiture prior to the expiration of the applicable vesting period. Restricted stock is recorded at fair value on the date of grant and amortized to compensation expense on a straight-line basis over the service period during which term the stock fully vests. Restricted stock generally vests ratably over a period of four or five years, depending on the grant. During the nine months ended September 30, 2015, we granted approximately 28,000 shares of restricted stock to certain officers and employees at the weighted average fair market value of $37.68 per share. LTIP Units Pursuant to the Long-Term Incentive Plan, as amended, the Company may grant limited partnership interests in the Operating Partnership called LTIP Units. Vested LTIP Units may be redeemed by the Company in cash or DCT common stock, at the discretion of the Company, on a one-for-one basis with common shares, subject to certain restrictions of the Partnership Agreement. LTIP Units receive distributions equally along with common shares. LTIP Units are valued by reference to the value of DCT’s common stock and generally vest ratably over a period of four to five years, depending on the grant. LTIP Unit equity compensation is amortized into expense over the service period during which the units vest. During the nine months ended September 30, 2015, approximately 0.2 million LTIP Units were granted to certain senior executives, which vest over a four year period with a total fair value of approximately $7.3 million at the date of grant as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using a weighted average volatility factor of 26% and a weighted average risk-free interest rate of 1.28%. During the nine months ended September 30, 2015, approximately 5,000 vested LTIP Units were converted into approximately 5,000 common shares. As of September 30, 2015, approximately 1.1 million LTIP Units were outstanding of which approximately 0.6 million were vested. During the nine months ended September 30, 2014, approximately 0.2 million LTIP Units were granted to certain senior executives, which vest over a four to five year period with a total fair value of approximately $4.3 million at the date of grant as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using a volatility factor of 40% and risk-free interest rate of 1.47%. During the nine months ended September 30, 2014, approximately 8,000 vested LTIP Units were converted into approximately 8,000 common shares. As of December 31, 2014, approximately 0.9 million LTIP Units were outstanding of which approximately 0.4 million were vested.

Related Party Transactions

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

Earnings Per Share_Unit

Earnings Per Share/Unit	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share/Unit	Note 10 – Earnings per Share/Unit We use the two-class method of computing earnings per common share/unit which is an earnings allocation formula that determines earnings per share/unit for common stock/unit and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Under the two-class method, earnings per common share/unit are computed by dividing the sum of distributed earnings to common stockholders/OP Unitholders and undistributed earnings allocated to common stockholders/OP Unitholders by the weighted average number of common shares/units outstanding for the period. A participating security is defined by GAAP as an unvested share-based payment award containing non-forfeitable rights to dividends and must be included in the computation of earnings per share/unit pursuant to the two-class method. Nonvested restricted stock and LTIP Units are considered participating securities as these share-based awards contain non-forfeitable rights to dividends irrespective of whether the awards ultimately vest or expire. DCT The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings per Common Share – Basic and Diluted Numerator Income from continuing operations $ 9,079 $ 12,858 $ 62,381 $ 15,372 Income from continuing operations attributable to (622 ) (787 ) (6,882 ) (1,140 ) Income from continuing operations attributable to common stockholders 8,457 12,071 55,499 14,232 Less: Distributed and undistributed earnings allocated to participating securities (166 ) (171 ) (510 ) (507 ) Numerator for adjusted income from continuing operations attributable to common stockholders 8,291 11,900 54,989 13,725 Income from discontinued operations - 352 - 5,576 Noncontrolling interests' share of income from discontinued operations - (14 ) - (281 ) Numerator for income from discontinued operations attributable to common stockholders - 338 - 5,295 Adjusted net income attributable to common stockholders $ 8,291 $ 12,238 $ 54,989 $ 19,020 Denominator Weighted average common shares outstanding – basic 88,207 83,391 88,162 82,227 Effect of dilutive securities: Stock options and phantom stock 319 300 310 282 Weighted average common shares outstanding – diluted 88,526 83,691 88,472 82,509 Earnings per Common Share – Basic Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to common stockholders $ 0.09 $ 0.15 $ 0.62 $ 0.23 Earnings per Common Share – Diluted Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to common stockholders $ 0.09 $ 0.15 $ 0.62 $ 0.23 Operating Partnership The following table sets forth the computation of basic and diluted earnings per common unit for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per unit amounts): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings per OP Unit – Basic and Diluted Numerator Income from continuing operations $ 9,079 $ 12,858 $ 62,381 $ 15,372 Income from continuing operations attributable to (226 ) (148 ) (4,203 ) (385 ) Income from continuing operations attributable to OP Unitholders 8,853 12,710 58,178 14,987 Less: Distributed and undistributed earnings allocated to participating securities (166 ) (171 ) (510 ) (507 ) Numerator for adjusted income from continuing operations attributable to OP Unitholders 8,687 12,539 57,668 14,480 Income from discontinued operations - 352 - 5,576 Noncontrolling interests' share of income - - - - Numerator for income from discontinued operations attributable to OP Unitholders - 352 - 5,576 Adjusted net income attributable to OP Unitholders $ 8,687 $ 12,891 $ 57,668 $ 20,056 Denominator Weighted average OP Units outstanding – basic 92,424 87,679 92,419 86,587 Effect of dilutive securities: Stock options and phantom stock 319 300 310 282 Weighted average OP Units outstanding – diluted 92,743 87,979 92,729 86,869 Earnings per OP Unit – Basic Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to OP Unitholders $ 0.09 $ 0.15 $ 0.62 $ 0.23 Earnings per OP Units – Diluted Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to OP Unitholders $ 0.09 $ 0.15 $ 0.62 $ 0.23 DCT and the Operating Partnership Potentially Dilutive Shares For the three and nine months ended September 30, 2015, DCT excluded from diluted earnings per share the weighted average common share equivalents related to 4.2 million and 4.3 million OP Units, respectively, because their effect would be anti-dilutive. During the same periods ended September 30, 2014, DCT excluded from diluted earnings per share the weighted average common share equivalents related to 4.3 million and 4.4 million OP Units, respectively, because their effect would be anti-dilutive.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	Note 11 – Segment Information The Company’s segments are based on our internal reporting of operating results used to assess performance based on our properties’ geographical markets. Our markets are aggregated into three reportable regions or segments, East, Central and West, which are based on the geographical locations of our properties. Management considers rental revenues and property net operating income aggregated by segment to be the appropriate way to analyze performance. Certain reclassifications have been made to prior year results to conform to the current presentation related to discontinued operations (see “Note 12 – Discontinued Operations and Assets Held” for Sale for additional information). The following table reflects our total assets, net of accumulated depreciation and amortization, by segment, as of September 30, 2015 and December 31, 2014 (in thousands): September 30, December 31, 2015 2014 Segments: East assets $ 1,012,626 $ 1,010,263 Central assets 1,113,089 1,067,616 West assets 1,335,389 1,245,990 Total segment net assets 3,461,104 3,323,869 Non-segment assets: Non-segment cash and cash equivalents 10,231 16,653 Other non-segment assets (1) 100,876 111,012 Total assets $ 3,572,211 $ 3,451,534 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables and other assets. The following table sets forth the rental revenues of our segments in continuing operations for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 East $ 25,887 $ 27,289 $ 79,184 $ 84,082 Central 32,777 32,965 98,693 97,714 West 29,428 24,031 86,392 68,410 Rental revenues 88,092 84,285 264,269 250,206 Institutional capital management and other fees 333 322 1,134 1,394 Total revenues $ 88,425 $ 84,607 $ 265,403 $ 251,600 The following table sets forth property net operating income of our segments in continuing operations and a reconciliation of our property NOI to our reported “Income from continuing operations” for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 East $ 19,632 $ 20,475 $ 59,202 $ 61,306 Central 23,327 22,963 69,648 65,757 West 22,177 17,887 65,881 51,440 Property NOI (1) 65,136 61,325 194,731 178,503 Institutional capital management and other fees 333 322 1,134 1,394 Gain on business combination - - - 1,000 Gain on dispositions of real estate interests - 10,230 41,086 11,647 Real estate related depreciation and amortization (39,431 ) (37,842 ) (116,876 ) (111,545 ) Casualty and involuntary conversion gain (loss) - (14 ) - 326 Development profit, net of taxes - - 2,627 2,016 General and administrative expense (7,720 ) (6,727 ) (24,912 ) (21,059 ) Impairment losses (371 ) (900 ) (371 ) (5,635 ) Equity in earnings of unconsolidated joint ventures, net 4,493 892 6,336 5,202 Interest expense (13,078 ) (16,078 ) (40,591 ) (48,316 ) Interest and other income (expense) (42 ) 1,577 (71 ) 1,582 Income tax benefit (expense) and other taxes (241 ) 73 (712 ) 257 Income from continuing operations $ 9,079 $ 12,858 $ 62,381 $ 15,372 (1) Property net operating income (“property NOI”) is defined as rental revenues, including reimbursements, less rental expenses and real estate taxes, which excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gain (loss), impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income (expense) and income tax benefit (expense) and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as depreciation, amortization, impairment, general and administrative expenses and interest expense. However, property NOI should not be viewed as an alternative measure of our financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income (loss) attributable to common stockholders, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Discontinued Operations And Ass

Discontinued Operations And Assets Held For Sale	9 Months Ended
	Sep. 30, 2015
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations and Assets Held for Sale	Note 12 – Discontinued Operations and Assets Held for Sale Assets Held for Sale As of September 30, 2015, one property in our East operating segment was classified as held for sale. In October 2015, we completed the sale of this property. Discontinued Operations We report results of operations from real estate assets that meet the definition of a component of an entity, have been sold or meet the criteria to be classified as held for sale, for which the disposal or expected disposal represents a strategic shift in operations, as discontinued operations. Real estate assets that meet the definition of a component of an entity and were disposed of or held for sale prior to January 1, 2014 are reported as discontinued operations. The following table summarizes the components of income from discontinued operations for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Rental revenues $ - $ 37 $ - $ 429 Rental expenses and real estate taxes - 48 - (19 ) General and administrative expense - (1 ) - (38 ) Operating income - 84 - 372 Interest and other expense - (2 ) - (19 ) Income tax expense and other taxes - - - (32 ) Operating income and other income - 82 - 321 Impairment losses - - - (132 ) Gain on dispositions of real estate interests - 270 - 5,387 Income from discontinued operations $ - $ 352 $ - $ 5,576

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	Note 13 – Condensed Consolidating Financial Information During October 2013, the Operating Partnership issued $275.0 million aggregate principal amount of 4.50% senior notes at 99.038% of face value in a private placement. The senior notes are jointly and severally, fully and unconditionally guaranteed by DCT and certain of the Company’s wholly owned subsidiaries. During May 2014, we completed the exchange of these notes for SEC registered notes having substantially identical terms. The following tables present the condensed consolidated financial information for (a) DCT Industrial Trust, Inc. (“Parent” and a guarantor), (b) DCT Industrial Operating Partnership LP (“Subsidiary Issuer”), (c) on a combined basis, the guarantor subsidiaries (“Subsidiary Guarantors”), and (d) on a combined basis, the non-guarantor subsidiaries (“Non-Guarantor Subsidiaries”). Additional columns present consolidating adjustments and consolidated totals as of September 30, 2015 and December 31, 2014 and for the three and nine months ended September 30, 2015 and 2014. Certain of our subsidiaries may be released from their guarantees, primarily due to the disposition of properties. These changes in guarantors are reflected retrospectively for all periods presented. Separate financial statements of the Subsidiary Guarantors are not presented because the guarantee by each 100% owned Subsidiary Guarantor is full and unconditional, joint and several. Furthermore, there are no significant legal restrictions on the Parent’s ability to obtain funds from its subsidiaries by dividend or loan. Investments in consolidated subsidiaries are accounted for using the equity method for purposes of the combined presentation. The consolidating adjustments principally relate to the elimination of investments in consolidated subsidiaries and intercompany balances and transactions. Condensed Consolidated Balance Sheets September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 865,289 $ 152,367 $ - $ 1,017,656 Buildings and improvements - - 2,498,197 446,703 - 2,944,900 Intangible lease assets - - 64,530 23,588 - 88,118 Construction in progress - - 88,044 5,767 - 93,811 Total investment in properties - - 3,516,060 628,425 - 4,144,485 Less accumulated depreciation and amortization - - (637,765 ) (117,097 ) - (754,862 ) Net investment in properties - - 2,878,295 511,328 - 3,389,623 Investments in and advances to unconsolidated joint ventures - 82,081 602 - - 82,683 Net investment in real estate - 82,081 2,878,897 511,328 - 3,472,306 Cash and cash equivalents - 14,634 21 - (2,872 ) 11,783 Restricted cash - - 162 2,843 - 3,005 Deferred loan costs, net - 8,709 50 342 - 9,101 Straight-line rent and other receivables, net - 269 47,678 9,400 - 57,347 Other assets, net - 3,892 9,534 4,197 - 17,623 Intercompany receivables, net 24,751 118,134 8,520 - (151,405 ) - Investment in subsidiaries 1,736,431 2,918,648 24,296 - (4,679,375 ) - Assets held for sale - - 1,046 - - 1,046 Total assets $ 1,761,182 $ 3,146,367 $ 2,970,204 $ 528,110 $ (4,833,652 ) $ 3,572,211 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 12,467 $ 63,913 $ 18,003 $ (2,872 ) $ 91,511 Intercompany payables, net - 24,751 26,075 100,579 (151,405 ) - Distributions payable 24,751 1,278 - - - 26,029 Tenant prepaids and security deposits - - 27,602 3,709 - 31,311 Other liabilities - 347 16,202 1,318 - 17,867 Intangible lease liabilities, net - - 18,108 3,751 - 21,859 Line of credit - 186,000 - - - 186,000 Senior unsecured notes - 1,082,788 - - - 1,082,788 Mortgage notes - - 22,511 241,646 - 264,157 Liabilities related to assets held for sale - - 18 - - 18 Total liabilities 24,751 1,307,631 174,429 369,006 (154,277 ) 1,721,540 Equity: Stockholders' equity 1,736,431 1,838,736 2,795,775 159,104 (4,793,615 ) 1,736,431 Noncontrolling interests - - - - 114,240 114,240 Total equity 1,736,431 1,838,736 2,795,775 159,104 (4,679,615 ) 1,850,671 Total liabilities and equity $ 1,761,182 $ 3,146,367 $ 2,970,204 $ 528,110 $ (4,833,652 ) $ 3,572,211 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Three Months Ended September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 73,967 $ 14,125 $ - $ 88,092 Institutional capital management and other fees - 25 - 379 (71 ) 333 Total revenues - 25 73,967 14,504 (71 ) 88,425 OPERATING EXPENSES: Rental expenses - - 7,557 1,343 - 8,900 Real estate taxes - - 11,446 2,610 - 14,056 Real estate related depreciation and amortization - - 33,137 6,294 - 39,431 General and administrative - 6,649 85 986 - 7,720 Impairment losses - - 371 - - 371 Total operating expenses - 6,649 52,596 11,233 - 70,478 Operating income (loss) - (6,624 ) 21,371 3,271 (71 ) 17,947 OTHER INCOME (EXPENSE): Equity in earnings of unconsolidated joint ventures, net - 4,418 4 - 71 4,493 Interest expense - (9,937 ) (751 ) (2,790 ) 400 (13,078 ) Interest and other income (expense) - 410 (29 ) (23 ) (400 ) (42 ) Income tax expense and other taxes - (171 ) (48 ) (22 ) - (241 ) Income (loss) from continuing operations - (11,904 ) 20,548 436 - 9,079 Equity in earnings of consolidated subsidiaries 8,457 20,757 (18) - (29,196 ) - Consolidated net income 8,457 8,853 20,529 436 (29,196 ) 9,079 Net income attributable to noncontrolling interests - - - - (622 ) (622 ) Net income attributable to common stockholders 8,457 8,853 20,529 436 (29,818 ) 8,457 Distributed and undistributed earnings allocated to participating securities - (166 ) - - - (166 ) Adjusted net income attributable to common stockholders $ 8,457 $ 8,687 $ 20,529 $ 436 $ (29,818 ) $ 8,291 Net income $ 8,457 $ 8,853 $ 20,529 $ 436 $ (29,196 ) $ 9,079 Other comprehensive income (loss): Net derivative loss on cash flow hedging instruments - (300 ) - (218 ) - (518 ) Net reclassification adjustment on cash flow hedging instruments - 1,118 - 37 - 1,155 Other comprehensive income (loss) - 818 - (181 ) - 637 Comprehensive income 8,457 9,671 20,529 255 (29,196 ) 9,716 Comprehensive income attributable to noncontrolling interests - - - - (576 ) (576 ) Comprehensive income attributable to common stockholders $ 8,457 $ 9,671 $ 20,529 $ 255 $ (29,772 ) $ 9,140 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Nine Months Ended September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 218,933 $ 45,336 $ - $ 264,269 Institutional capital management and other fees - 73 - 1,305 (244 ) 1,134 Total revenues - 73 218,933 46,641 (244 ) 265,403 OPERATING EXPENSES: Rental expenses - - 23,474 3,982 - 27,456 Real estate taxes - - 33,828 8,254 - 42,082 Real estate related depreciation and amortization - - 97,053 19,823 - 116,876 General and administrative - 22,933 254 1,725 - 24,912 Impairment losses - - 371 - - 371 Total operating expenses - 22,933 154,980 33,784 - 211,697 Operating income (loss) - (22,860 ) 63,953 12,857 (244 ) 53,706 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 2,627 - 2,627 Equity in earnings (loss) of unconsolidated joint ventures, net - 6,095 (3 ) - 244 6,336 Gain on dispositions of real estate interests - - - 41,086 - 41,086 Interest expense - (31,339 ) (2,123 ) (8,329 ) 1,200 (40,591 ) Interest and other income (expense) - 1,219 (62 ) (28 ) (1,200 ) (71 ) Income tax expense and other taxes - (450 ) (218 ) (44 ) - (712 ) Income (loss) from continuing operations - (47,335 ) 61,547 48,169 - 62,381 Equity in earnings of consolidated subsidiaries 55,499 105,513 2,639 - (163,651 ) - Consolidated net income 55,499 58,178 64,186 48,169 (163,651 ) 62,381 Net income attributable to noncontrolling interests - - - - (6,882 ) (6,882 ) Net income attributable to common stockholders 55,499 58,178 64,186 48,169 (170,533 ) 55,499 Distributed and undistributed earnings allocated to participating securities - (510 ) - - - (510 ) Adjusted net income attributable to common stockholders $ 55,499 $ 57,668 $ 64,186 $ 48,169 $ (170,533 ) $ 54,989 Net income $ 55,499 $ 58,178 $ 64,186 $ 48,169 $ (163,651 ) $ 62,381 Other comprehensive income (loss): Net derivative loss on cash flow hedging instruments - (718 ) - (255 ) - (973 ) Net reclassification adjustment on cash flow hedging instruments - 3,354 - 112 - 3,466 Other comprehensive income (loss) - 2,636 - (143 ) - 2,493 Comprehensive income 55,499 60,814 64,186 48,026 (163,651 ) 64,874 Comprehensive income attributable to noncontrolling interests - - - - (6,930 ) (6,930 ) Comprehensive income attributable to common stockholders $ 55,499 $ 60,814 $ 64,186 $ 48,026 $ (170,581 ) $ 57,944 Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (35,611 ) $ 160,226 $ 29,848 $ (2,760 ) $ 151,703 INVESTING ACTIVITIES: Real estate acquisitions - - (123,496 ) (31,337 ) - (154,833 ) Capital expenditures and development activities - - (155,788 ) (6,750 ) - (162,538 ) Proceeds from dispositions of real estate investments - - - 136,128 - 136,128 Investments in unconsolidated joint ventures - (840 ) - - - (840 ) Distributions of investments in unconsolidated joint ventures - 9,488 - - - 9,488 Other investing activities - (2,298 ) 6 (218 ) - (2,510 ) Net cash provided by (used in) investing activities - 6,350 (279,278 ) 97,823 - (175,105 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 210,000 - - - 210,000 Repayments of senior unsecured revolving line of credit - (61,000 ) - - - (61,000 ) Repayments of senior unsecured notes - (40,000 ) - - - (40,000 ) Principal payments on mortgage notes - - (415 ) (5,584 ) - (5,999 ) Net settlement on issuance of stock-based compensation awards (605 ) (605 ) - - 605 (605 ) Net payments relating to intercompany financing 74,707 (1,635 ) 119,488 (117,853 ) (74,707 ) - Redemption of noncontrolling interests - (1,714 ) - - - (1,714 ) Dividends to common stockholders (74,102 ) (74,102 ) - - 74,102 (74,102 ) Distributions to noncontrolling interests - (3,973 ) - (4,234 ) - (8,207 ) Other financing activity - (2,819 ) - - - (2,819 ) Net cash provided by (used in) financing activities - 24,152 119,073 (127,671 ) - 15,554 Net change in cash and cash equivalents - (5,109 ) 21 - (2,760 ) (7,848 ) Cash and cash equivalents, beginning of period - 19,743 - - (112 ) 19,631 Cash and cash equivalents, end of period $ - $ 14,634 $ 21 $ - $ (2,872 ) $ 11,783 Condensed Consolidated Balance Sheets December 31, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 784,723 $ 166,240 $ - $ 950,963 Buildings and improvements - - 2,273,733 514,226 - 2,787,959 Intangible lease assets - - 62,828 23,687 - 86,515 Construction in progress - - 121,997 12,941 - 134,938 Total investment in properties - - 3,243,281 717,094 - 3,960,375 Less accumulated depreciation and amortization - - (558,797 ) (145,043 ) - (703,840 ) Net investment in properties - - 2,684,484 572,051 - 3,256,535 Investments in and advances to unconsolidated joint ventures - 94,122 606 - - 94,728 Net investment in real estate - 94,122 2,685,090 572,051 - 3,351,263 Cash and cash equivalents - 19,743 - - (112 ) 19,631 Restricted cash - 3 162 3,614 - 3,779 Deferred loan costs, net - 7,580 54 392 - 8,026 Straight-line rent and other receivables, net - 101 43,733 10,349 - 54,183 Other assets, net - 3,525 6,965 4,162 - 14,652 Intercompany receivables, net 24,706 153,557 8,742 - (187,005 ) - Investment in subsidiaries 1,749,832 2,770,752 21,892 - (4,542,476 ) - Total assets $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 10,257 $ 54,764 $ 18,634 $ (112 ) $ 83,543 Intercompany payables, net - 24,706 26,059 136,240 (187,005 ) - Distributions payable 24,706 1,267 - - - 25,973 Tenant prepaids and security deposits - - 25,393 5,146 - 30,539 Other liabilities - 150 10,947 2,981 - 14,078 Intangible lease liabilities, net - - 19,167 3,773 - 22,940 Line of credit - 37,000 - - - 37,000 Senior unsecured notes - 1,122,621 - - - 1,122,621 Mortgage notes - - 19,742 229,682 - 249,424 Total liabilities 24,706 1,196,001 156,072 396,456 (187,117 ) 1,586,118 Equity: Stockholders' equity 1,749,832 1,853,382 2,610,566 194,112 (4,658,060 ) 1,749,832 Noncontrolling interests - - - - 115,584 115,584 Total equity 1,749,832 1,853,382 2,610,566 194,112 (4,542,476 ) 1,865,416 Total liabilities and equity $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 Condensed Consolidated Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 64,490 $ 19,795 $ - $ 84,285 Institutional capital management and other fees - 25 - 367 (70 ) 322 Total revenues - 25 64,490 20,162 (70 ) 84,607 OPERATING EXPENSES: Rental expenses - - 7,649 2,023 - 9,672 Real estate taxes - - 10,379 2,909 - 13,288 Real estate related depreciation and amortization - - 29,181 8,661 - 37,842 General and administrative - 6,347 73 307 - 6,727 Impairment losses - - 201 699 - 900 Casualty and involuntary conversion loss - - 14 - - 14 Total operating expenses - 6,347 47,497 14,599 - 68,443 Operating income (loss) - (6,322 ) 16,993 5,563 (70 ) 16,164 OTHER INCOME (EXPENSE): Equity in earnings (loss) of unconsolidated joint ventures, net - 824 (2 ) - 70 892 Gain on dispositions of real estate interests - - - 10,230 - 10,230 Interest expense - (12,493 ) (1,317 ) (2,818 ) 550 (16,078 ) Interest and other income (expense) - 2,156 (16 ) (13 ) (550 ) 1,577 Income tax benefit (expense) and other taxes - (160 ) 270 (37 ) - 73 Income (loss) from continuing operations - (15,995 ) 15,928 12,925 - 12,858 Income from discontinued operations - - - 352 - 352 Equity in earnings of consolidated subsidiaries 12,409 29,057 39 - (41,505 ) - Consolidated net income 12,409 13,062 15,967 13,277 (41,505 ) 13,210 Net income attributable to noncontrolling interests - - - - (801 ) (801 ) Net income attributable to common stockholders 12,409 13,062 15,967 13,277 (42,306 ) 12,409 Distributed and undistributed earnings allocated to participating securities - (171 ) - - - (171 ) Adjusted net income attributable to common stockholders $ 12,409 $ 12,891 $ 15,967 $ 13,277 $ (42,306 ) $ 12,238 Net income $ 12,409 $ 13,062 $ 15,967 $ 13,277 $ (41,505 ) $ 13,210 Other comprehensive income: Net derivative gain (loss) on cash flow hedging instruments - 159 - (24 ) - 135 Net reclassification adjustment on cash flow hedging instruments - 1,124 - 39 - 1,163 Other comprehensive income - 1,283 - 15 - 1,298 Comprehensive income 12,409 14,345 15,967 13,292 (41,505 ) 14,508 Comprehensive income attributable to noncontrolling interests - - - - (881 ) $ (881 ) Comprehensive income attributable to common stockholders $ 12,409 $ 14,345 $ 15,967 $ 13,292 $ (42,386 ) $ 13,627 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Nine Months Ended September 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 189,798 $ 60,408 $ - $ 250,206 Institutional capital management and other fees - 479 - 1,185 (270 ) 1,394 Total revenues - 479 189,798 61,593 (270 ) 251,600 OPERATING EXPENSES: Rental expenses - - 24,500 7,007 - 31,507 Real estate taxes - - 29,859 10,337 - 40,196 Real estate related depreciation and amortization - - 85,137 26,408 - 111,545 General and administrative - 20,129 253 677 - 21,059 Impairment losses - - 201 5,434 - 5,635 Casualty and involuntary conversion gain - - (326 ) - - (326 ) Total operating expenses - 20,129 139,624 49,863 - 209,616 Operating income (loss) - (19,650 ) 50,174 11,730 (270 ) 41,984 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 1,966 50 2,016 Equity in earnings (loss) of unconsolidated joint ventures, net - 5,014 (32 ) - 220 5,202 Gain on business combination - 1,000 - - - 1,000 Gain on dispositions of real estate interests - 1,175 - 10,472 - 11,647 Interest expense - (37,626 ) (4,051 ) (8,507 ) 1,868 (48,316 ) Interest and other income (expense) - 3,480 (52 ) 22 (1,868 ) 1,582 Income tax benefit (expense) and other taxes - (296 ) 734 (181 ) - 257 Income (loss) from continuing operations - (46,903 ) 46,773 15,502 - 15,372 Income from discontinued operations - - - 5,576 - 5,576 Equity in earnings of consolidated subsidiaries 19,527 67,466 2,018 - (89,011 ) - Consolidated net income 19,527 20,563 48,791 21,078 (89,011 ) 20,948 Net income attributable to noncontrolling interests - - - - (1,421 ) (1,421 ) Net income attributable to common stockholders 19,527 20,563 48,791 21,078 (90,432 ) 19,527 Distributed and undistributed earnings allocated to participating securities - (507 ) - - - (507 ) Adjusted net income attributable to common stockholders $ 19,527 $ 20,056 $ 48,791 $ 21,078 $ (90,432 ) $ 19,020 Net income $ 19,527 $ 20,563 $ 48,791 $ 21,078 $ (89,011 ) $ 20,948 Other comprehensive income (loss) Net derivative loss on cash flow hedging instruments - (360 ) - (351 ) - (711 ) Net reclassification adjustment on cash flow hedging instruments - 3,375 - 116 - 3,491 Other comprehensive income (loss) - 3,015 - (235 ) - 2,780 Comprehensive income 19,527 23,578 48,791 20,843 (89,011 ) 23,728 Comprehensive income attributable to noncontrolling interests - - - - (1,659 ) (1,659 ) Comprehensive income attributable to common stockholders $ 19,527 $ 23,578 $ 48,791 $ 20,843 $ (90,670 ) $ 22,069 Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (38,456 ) $ 128,652 $ 43,766 $ (4,853 ) $ 129,109 INVESTING ACTIVITIES: Real estate acquisitions - - (208,309 ) (48,789 ) - (257,098 ) Capital expenditures and development activities - - (121,028 ) (13,837 ) - (134,865 ) Proceeds from dispositions of real estate investments - 1,988 - 124,172 - 126,160 Investments in unconsolidated joint ventures - (754 ) - - - (754 ) Proceeds from casualties and involuntary conversion - 461 143 - 604 Distributions of investments in unconsolidated joint ventures - 17,043 - - - 17,043 Other investing activities - 6,247 6 (283 ) - 5,970 Net cash provided by (used in) investing activities - 24,524 (328,870 ) 61,406 - (242,940 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 135,000 - - - 135,000 Repayments of senior unsecured revolving line of credit - (42,000 ) - - - (42,000 ) Principal payments on mortgage notes - - (4,532 ) (9,914 ) - (14,446 ) Proceeds from issuance of common stock 105,015 105,015 - - (105,015 ) 105,015 Net settlement on issuance of stock-based compensation awards (282 ) (282 ) - - 282 (282 ) Offering costs for issuance of common stock and OP Units (1,392 ) (1,392 ) - - 1,392 (1,392 ) Net payments relating to intercompany financing (34,636 ) (115,365 ) 214,356 (98,991 ) 34,636 - Redemption of noncontrolling interests - (800 ) - - - (800 ) Dividends to common stockholders (68,705 ) (68,705 ) - - 68,705 (68,705 ) Distributions to noncontrolling interests - (4,048 ) - (498 ) - (4,546 ) Contributions from noncontrolling interests - - - 101 - 101 Other financing activity - 62 (78 ) 2 - (14 ) Net cash provided by (used in) financing activities - 7,485 209,746 (109,300 ) - 107,931 Net change in cash and cash equivalents - (6,447 ) 9,528 (4,128 ) (4,853 ) (5,900 ) Cash and cash equivalents, beginning of period - 28,098 - 4,128 - 32,226 Cash and cash equivalents, end of period $ - $ 21,651 $ 9,528 $ - $ (4,853 ) $ 26,326

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events GAAP requires an entity to disclose events that occur after the balance sheet date but before financial statements are issued or are available to be issued (“subsequent events”) as well as the date through which an entity has evaluated subsequent events. There are two types of subsequent events. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements, (“recognized subsequent events”). The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (“nonrecognized subsequent events”). No significant recognized or nonrecognized subsequent events were noted other than those mentioned in Note 6 – Outstanding Indebtedness.

Summary Of Significant Accoun23

Summary Of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Interim Financial Information	Interim Financial Information The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements include all adjustments, consisting of normal recurring items, necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with our audited Consolidated Financial Statements as of December 31, 2014 and related notes thereto included in our Form 10-K filed on February 20, 2015.
Basis of Presentation 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 in consolidated entities. We also have noncontrolling partnership interests in unconsolidated institutional capital management and other joint ventures, which are accounted for under the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. We hold interests in both consolidated and unconsolidated joint ventures. All joint ventures over which we have financial and operating control, and variable interest entities (“VIEs”) in which we have determined that we are the primary beneficiary, are included in the Consolidated Financial Statements. We use the equity method of accounting for joint ventures over which we do not have a controlling interest or where we do not exercise significant control over major operating and management decisions but where we exercise significant influence and include our share of earnings or losses of these joint ventures in our consolidated results of operations. We analyze our joint ventures in accordance with GAAP to determine whether they are VIEs and, if so, whether we are the primary beneficiary. Our judgment with respect to our level of influence or control over an entity and whether we are the primary beneficiary of a VIE involves consideration of various factors including the form of our ownership interest, our representation on the entity’s board of directors, the size of our investment (including loans) and our ability to participate in major decisions. Our ability to correctly assess our influence or control over an entity affects the presentation of these investments in the Consolidated Financial Statements and, consequently, our financial position and results of operations.
Use Of Estimates	Use of Estimates The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition We record rental revenues on a straight-line basis under which contractual rent increases are recognized evenly over the lease term. Certain properties have leases that provide for tenant occupancy during periods where no rent is due or where minimum rent payments change during the term of the lease. Accordingly, we record receivables from tenants that we expect to collect over the remaining lease term rather than currently, which are recorded as a straight-line rent receivable. When we acquire a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The total increase to “Rental revenues” due to straight-line rent adjustments was approximately $0.9 million and $4.3 million for the three and nine months ended September 30, 2015, respectively, and approximately $2.3 million and $7.6 million for the three and nine months ended September 30, 2014, respectively. Tenant recovery income includes payments and amounts due from tenants pursuant to their leases for real estate taxes, insurance and other recoverable property operating expenses and is recognized as “Rental revenues” during the same period the related expenses are incurred. Tenant recovery income recognized as “Rental revenues” was approximately $20.6 million and $62.8 million for the three and nine months ended September 30, 2015, respectively, and approximately $19.4 million and $58.2 million for the three and nine months ended September 30, 2014, respectively. We maintain an allowance for estimated losses that may result from the inability of our tenants to make required payments. If a tenant fails to make contractual payments beyond any allowance, we may recognize additional bad debt expense in future periods equal to the net outstanding balances. In connection with property acquisitions qualifying as business combinations, we may acquire leases with rental rates above or below the market rental rates. Such differences are recorded as an intangible lease asset or liability and amortized to “Rental revenues” over the reasonably assured term of the related leases. We consider a reasonably assured term to be the measurement period equal to the remaining Early lease termination fees are recorded in “Rental revenues” on a straight-line basis over the estimated remaining contractual lease term or upon collection if collectability is not assured. The total net impact to “Rental revenues” due to early lease termination fees was approximately $1.2 million and $2.4 million for the three and nine months ended September 30, 2015, respectively, and approximately $0.3 million and $1.9 million for the three and nine months ended September 30, 2014, respectively. We earn revenues from asset management fees, acquisition fees, property management fees and fees for other services pursuant to joint venture and other agreements. These are included in our Consolidated Statements of Operations in “Institutional capital management and other fees.” We recognize revenues from asset management fees, acquisition fees, property management fees and fees for other services when the related fees are earned and are realized or realizable. We develop certain properties for specific buyers, called build-to-suit projects. We make certain judgments based on the specific terms of each project as to the amount and timing of recognition of profits from the project. Projects are generally accounted for using the percentage of completion method or full accrual method. Profits under the percentage of completion method are based on our estimates of the percentage of completion of individual contracts, commencing when the work performed under the contracts reaches a point where the final costs can be estimated with reasonable accuracy. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to the costs and income and are recognized in the period in which the revisions are determined. If the sale recognition criteria for using the percentage of completion or full accrual methods are not met, we apply another recognition method provided by GAAP, such as the installment or cost recovery methods. The profit recognized from these projects is reported net of estimated taxes, when applicable, and is included in “Development profit, net of taxes” in our Consolidated Statements of Operations.
New Accounting Standards	New Accounting Standards In May 2014, the FASB issued an accounting standards update (“ASU”) that requires companies to recognize revenue from contracts with customers based upon the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. The guidance is effective for fiscal years beginning after December 15, 2017. The Company is in the process of evaluating the impact this guidance will have on our Consolidated Financial Statements. In February 2015, the FASB issued an ASU that modifies the evaluation of whether limited partnerships and similar legal entities are VIEs, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the potential impact this guidance will have on our Consolidated Financial Statements. In April 2015, the FASB issued an ASU that requires debt issuance costs related to a recognized liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. In August 2015, the FASB issued an ASU which clarified that debt issuance costs related to line-of-credit arrangements can be presented as an asset and amortized over the term of the line-of-credit arrangement regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The guidance is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the ASU to have a material effect on the Company’s results of operations, however, it will impact alance Sheet presentation and disclosures related to the Company’s debt issuance costs

Investment In Properties (Table

Investment In Properties (Tables)	9 Months Ended
	Sep. 30, 2015
Investments [Abstract]
Schedule Of Investment In Properties	September 30, December 31, 2015 2014 Operating properties $ 3,754,744 $ 3,635,287 Properties under development 289,560 241,934 Properties in pre-development 47,034 23,353 Properties under redevelopment 45,449 50,931 Land held 7,698 8,870 Total Investment in Properties 4,144,485 3,960,375 Less accumulated depreciation and amortization (754,862 ) (703,840 ) Net Investment in Properties $ 3,389,623 $ 3,256,535
Schedule Of Intangible Lease Assets	Our intangible lease assets and liabilities include the following as of September 30, 2015 and December 31, 2014 (in thousands): September 30, 2015 December 31, 2014 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible lease assets $ 83,181 $ (37,298 ) $ 45,883 $ 81,996 $ (33,031 ) $ 48,965 Above market rent $ 4,937 $ (2,314 ) $ 2,623 $ 4,519 $ (1,773 ) $ 2,746 Below market rent $ (31,135 ) $ 9,276 $ (21,859 ) $ (30,266 ) $ 7,326 $ (22,940 )

Investments In And Advances T25

Investments In And Advances To Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Investments In And Advances To Unconsolidated Joint Ventures	The following table summarizes our unconsolidated joint ventures as of September 30, 2015 and December 31, 2014 (dollars in thousands): As of September 30, 2015 Investments in and Advances to as of Ownership Number of September 30, December 31, Unconsolidated Joint Ventures Percentage Buildings 2015 2014 Institutional Joint Ventures: DCT/SPF Industrial Operating LLC 20.0 % 13 $ 38,624 $ 39,744 TRT-DCT Venture III 10.0 % 4 1,164 1,196 Total Institutional Joint Ventures 17 39,788 40,940 Other: Stirling Capital Investments (SCLA) (1) 50.0 % 6 $ 42,631 $ 45,342 IDI/DCT, LLC 0.0 % - 264 4,363 IDI/DCT Buford, LLC (land only) 0.0 % - - 4,083 Total Other 6 42,895 53,788 Total 23 $ 82,683 $ 94,728 (1) Although we contributed 100% of the initial cash equity capital required by the venture, our partners retain certain participant rights in the venture’s available cash flows.

Financial Instruments And Hed26

Financial Instruments And Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Summary Of Financial Instruments	As of September 30, 2015 As of December 31, 2014 Carrying Estimated Carrying Estimated Amounts Fair Value Amounts Fair Value Borrowings (1) Senior unsecured revolving credit facility $ 186,000 $ 186,000 $ 37,000 $ 37,000 Fixed rate debt (2) $ 1,121,945 $ 1,197,106 $ 1,147,045 $ 1,238,671 Variable rate debt $ 225,000 $ 223,902 $ 225,000 $ 226,431 Interest rate contracts: Interest rate swap liability (3) $ (311 ) $ (311 ) $ (167 ) $ (167 ) (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. (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” or “Other liabilities,” respectively, in our Consolidated Balance Sheets.
Reconciliation Of Assets And Liabilities Measured At Fair Value On Recurring Basis Using Unobservable Inputs	During the Nine Months Ended September 30, 2015 2014 Level 3 Assets (Liabilities): Interest Rate Swaps: Beginning balance at January 1 $ (167 ) $ 212 Net unrealized loss included in accumulated other comprehensive income (255 ) (351 ) Realized loss recognized in interest expense 111 116 Ending balance at September 30 $ (311 ) $ (23 )
Schedule Of Derivative Financial Instruments On Financial Statements	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships Interest Rate Swaps: Amount of gain (loss) recognized in OCI for effective portion of derivatives $ 518 $ 135 $ (973 ) $ (711 ) Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net $ (1,155 ) $ (1,163 ) $ (3,466 ) $ (3,491 )

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Schedule Of Noncontrolling Interest	The following table illustrates the noncontrolling interests’ share of consolidated net income during the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Noncontrolling interests’ share of income from continuing operations $ (622 ) $ (787 ) $ (6,882 ) $ (1,140 ) Noncontrolling interests’ share of income from discontinued operations - (14 ) - (281 ) Net income attributable to noncontrolling interests $ (622 ) $ (801 ) $ (6,882 ) $ (1,421 )

Earnings Per Share_Unit (Tables

Earnings Per Share/Unit (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Share	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings per Common Share – Basic and Diluted Numerator Income from continuing operations $ 9,079 $ 12,858 $ 62,381 $ 15,372 Income from continuing operations attributable to (622 ) (787 ) (6,882 ) (1,140 ) Income from continuing operations attributable to common stockholders 8,457 12,071 55,499 14,232 Less: Distributed and undistributed earnings allocated to participating securities (166 ) (171 ) (510 ) (507 ) Numerator for adjusted income from continuing operations attributable to common stockholders 8,291 11,900 54,989 13,725 Income from discontinued operations - 352 - 5,576 Noncontrolling interests' share of income from discontinued operations - (14 ) - (281 ) Numerator for income from discontinued operations attributable to common stockholders - 338 - 5,295 Adjusted net income attributable to common stockholders $ 8,291 $ 12,238 $ 54,989 $ 19,020 Denominator Weighted average common shares outstanding – basic 88,207 83,391 88,162 82,227 Effect of dilutive securities: Stock options and phantom stock 319 300 310 282 Weighted average common shares outstanding – diluted 88,526 83,691 88,472 82,509 Earnings per Common Share – Basic Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to common stockholders $ 0.09 $ 0.15 $ 0.62 $ 0.23 Earnings per Common Share – Diluted Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to common stockholders $ 0.09 $ 0.15 $ 0.62 $ 0.23
DCT Industrial Operating Partnership LP [Member]
Earnings Per Share [Line Items]
Computation Of Basic And Diluted Earnings Per Common Unit	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings per OP Unit – Basic and Diluted Numerator Income from continuing operations $ 9,079 $ 12,858 $ 62,381 $ 15,372 Income from continuing operations attributable to (226 ) (148 ) (4,203 ) (385 ) Income from continuing operations attributable to OP Unitholders 8,853 12,710 58,178 14,987 Less: Distributed and undistributed earnings allocated to participating securities (166 ) (171 ) (510 ) (507 ) Numerator for adjusted income from continuing operations attributable to OP Unitholders 8,687 12,539 57,668 14,480 Income from discontinued operations - 352 - 5,576 Noncontrolling interests' share of income - - - - Numerator for income from discontinued operations attributable to OP Unitholders - 352 - 5,576 Adjusted net income attributable to OP Unitholders $ 8,687 $ 12,891 $ 57,668 $ 20,056 Denominator Weighted average OP Units outstanding – basic 92,424 87,679 92,419 86,587 Effect of dilutive securities: Stock options and phantom stock 319 300 310 282 Weighted average OP Units outstanding – diluted 92,743 87,979 92,729 86,869 Earnings per OP Unit – Basic Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to OP Unitholders $ 0.09 $ 0.15 $ 0.62 $ 0.23 Earnings per OP Units – Diluted Income from continuing operations $ 0.09 $ 0.15 $ 0.62 $ 0.17 Income from discontinued operations 0.00 0.00 0.00 0.06 Net income attributable to OP Unitholders $ 0.09 $ 0.15 $ 0.62 $ 0.23

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment	The following table reflects our total assets, net of accumulated depreciation and amortization, by segment, as of September 30, 2015 and December 31, 2014 (in thousands): September 30, December 31, 2015 2014 Segments: East assets $ 1,012,626 $ 1,010,263 Central assets 1,113,089 1,067,616 West assets 1,335,389 1,245,990 Total segment net assets 3,461,104 3,323,869 Non-segment assets: Non-segment cash and cash equivalents 10,231 16,653 Other non-segment assets (1) 100,876 111,012 Total assets $ 3,572,211 $ 3,451,534 (1) Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables and other assets.
Reconciliation Of Segment Rental Revenues To Consolidated Entity	The following table sets forth the rental revenues of our segments in continuing operations for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 East $ 25,887 $ 27,289 $ 79,184 $ 84,082 Central 32,777 32,965 98,693 97,714 West 29,428 24,031 86,392 68,410 Rental revenues 88,092 84,285 264,269 250,206 Institutional capital management and other fees 333 322 1,134 1,394 Total revenues $ 88,425 $ 84,607 $ 265,403 $ 251,600
Reconciliation Of Property Net Operating Income To Consolidated Entity	The following table sets forth property net operating income of our segments in continuing operations and a reconciliation of our property NOI to our reported “Income from continuing operations” for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 East $ 19,632 $ 20,475 $ 59,202 $ 61,306 Central 23,327 22,963 69,648 65,757 West 22,177 17,887 65,881 51,440 Property NOI (1) 65,136 61,325 194,731 178,503 Institutional capital management and other fees 333 322 1,134 1,394 Gain on business combination - - - 1,000 Gain on dispositions of real estate interests - 10,230 41,086 11,647 Real estate related depreciation and amortization (39,431 ) (37,842 ) (116,876 ) (111,545 ) Casualty and involuntary conversion gain (loss) - (14 ) - 326 Development profit, net of taxes - - 2,627 2,016 General and administrative expense (7,720 ) (6,727 ) (24,912 ) (21,059 ) Impairment losses (371 ) (900 ) (371 ) (5,635 ) Equity in earnings of unconsolidated joint ventures, net 4,493 892 6,336 5,202 Interest expense (13,078 ) (16,078 ) (40,591 ) (48,316 ) Interest and other income (expense) (42 ) 1,577 (71 ) 1,582 Income tax benefit (expense) and other taxes (241 ) 73 (712 ) 257 Income from continuing operations $ 9,079 $ 12,858 $ 62,381 $ 15,372 (1) Property net operating income (“property NOI”) is defined as rental revenues, including reimbursements, less rental expenses and real estate taxes, which excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gain (loss), impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income (expense) and income tax benefit (expense) and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as depreciation, amortization, impairment, general and administrative expenses and interest expense. However, property NOI should not be viewed as an alternative measure of our financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income (loss) attributable to common stockholders, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Discontinued Operations And A30

Discontinued Operations And Assets Held For Sale (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations And Disposal Groups [Abstract]
Summary Of Income (Loss) From Discontinued Operations	The following table summarizes the components of income from discontinued operations for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Rental revenues $ - $ 37 $ - $ 429 Rental expenses and real estate taxes - 48 - (19 ) General and administrative expense - (1 ) - (38 ) Operating income - 84 - 372 Interest and other expense - (2 ) - (19 ) Income tax expense and other taxes - - - (32 ) Operating income and other income - 82 - 321 Impairment losses - - - (132 ) Gain on dispositions of real estate interests - 270 - 5,387 Income from discontinued operations $ - $ 352 $ - $ 5,576

Condensed Consolidating Finan31

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidated Balance Sheets September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 865,289 $ 152,367 $ - $ 1,017,656 Buildings and improvements - - 2,498,197 446,703 - 2,944,900 Intangible lease assets - - 64,530 23,588 - 88,118 Construction in progress - - 88,044 5,767 - 93,811 Total investment in properties - - 3,516,060 628,425 - 4,144,485 Less accumulated depreciation and amortization - - (637,765 ) (117,097 ) - (754,862 ) Net investment in properties - - 2,878,295 511,328 - 3,389,623 Investments in and advances to unconsolidated joint ventures - 82,081 602 - - 82,683 Net investment in real estate - 82,081 2,878,897 511,328 - 3,472,306 Cash and cash equivalents - 14,634 21 - (2,872 ) 11,783 Restricted cash - - 162 2,843 - 3,005 Deferred loan costs, net - 8,709 50 342 - 9,101 Straight-line rent and other receivables, net - 269 47,678 9,400 - 57,347 Other assets, net - 3,892 9,534 4,197 - 17,623 Intercompany receivables, net 24,751 118,134 8,520 - (151,405 ) - Investment in subsidiaries 1,736,431 2,918,648 24,296 - (4,679,375 ) - Assets held for sale - - 1,046 - - 1,046 Total assets $ 1,761,182 $ 3,146,367 $ 2,970,204 $ 528,110 $ (4,833,652 ) $ 3,572,211 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 12,467 $ 63,913 $ 18,003 $ (2,872 ) $ 91,511 Intercompany payables, net - 24,751 26,075 100,579 (151,405 ) - Distributions payable 24,751 1,278 - - - 26,029 Tenant prepaids and security deposits - - 27,602 3,709 - 31,311 Other liabilities - 347 16,202 1,318 - 17,867 Intangible lease liabilities, net - - 18,108 3,751 - 21,859 Line of credit - 186,000 - - - 186,000 Senior unsecured notes - 1,082,788 - - - 1,082,788 Mortgage notes - - 22,511 241,646 - 264,157 Liabilities related to assets held for sale - - 18 - - 18 Total liabilities 24,751 1,307,631 174,429 369,006 (154,277 ) 1,721,540 Equity: Stockholders' equity 1,736,431 1,838,736 2,795,775 159,104 (4,793,615 ) 1,736,431 Noncontrolling interests - - - - 114,240 114,240 Total equity 1,736,431 1,838,736 2,795,775 159,104 (4,679,615 ) 1,850,671 Total liabilities and equity $ 1,761,182 $ 3,146,367 $ 2,970,204 $ 528,110 $ (4,833,652 ) $ 3,572,211 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Three Months Ended September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 73,967 $ 14,125 $ - $ 88,092 Institutional capital management and other fees - 25 - 379 (71 ) 333 Total revenues - 25 73,967 14,504 (71 ) 88,425 OPERATING EXPENSES: Rental expenses - - 7,557 1,343 - 8,900 Real estate taxes - - 11,446 2,610 - 14,056 Real estate related depreciation and amortization - - 33,137 6,294 - 39,431 General and administrative - 6,649 85 986 - 7,720 Impairment losses - - 371 - - 371 Total operating expenses - 6,649 52,596 11,233 - 70,478 Operating income (loss) - (6,624 ) 21,371 3,271 (71 ) 17,947 OTHER INCOME (EXPENSE): Equity in earnings of unconsolidated joint ventures, net - 4,418 4 - 71 4,493 Interest expense - (9,937 ) (751 ) (2,790 ) 400 (13,078 ) Interest and other income (expense) - 410 (29 ) (23 ) (400 ) (42 ) Income tax expense and other taxes - (171 ) (48 ) (22 ) - (241 ) Income (loss) from continuing operations - (11,904 ) 20,548 436 - 9,079 Equity in earnings of consolidated subsidiaries 8,457 20,757 (18) - (29,196 ) - Consolidated net income 8,457 8,853 20,529 436 (29,196 ) 9,079 Net income attributable to noncontrolling interests - - - - (622 ) (622 ) Net income attributable to common stockholders 8,457 8,853 20,529 436 (29,818 ) 8,457 Distributed and undistributed earnings allocated to participating securities - (166 ) - - - (166 ) Adjusted net income attributable to common stockholders $ 8,457 $ 8,687 $ 20,529 $ 436 $ (29,818 ) $ 8,291 Net income $ 8,457 $ 8,853 $ 20,529 $ 436 $ (29,196 ) $ 9,079 Other comprehensive income (loss): Net derivative loss on cash flow hedging instruments - (300 ) - (218 ) - (518 ) Net reclassification adjustment on cash flow hedging instruments - 1,118 - 37 - 1,155 Other comprehensive income (loss) - 818 - (181 ) - 637 Comprehensive income 8,457 9,671 20,529 255 (29,196 ) 9,716 Comprehensive income attributable to noncontrolling interests - - - - (576 ) (576 ) Comprehensive income attributable to common stockholders $ 8,457 $ 9,671 $ 20,529 $ 255 $ (29,772 ) $ 9,140 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Nine Months Ended September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 218,933 $ 45,336 $ - $ 264,269 Institutional capital management and other fees - 73 - 1,305 (244 ) 1,134 Total revenues - 73 218,933 46,641 (244 ) 265,403 OPERATING EXPENSES: Rental expenses - - 23,474 3,982 - 27,456 Real estate taxes - - 33,828 8,254 - 42,082 Real estate related depreciation and amortization - - 97,053 19,823 - 116,876 General and administrative - 22,933 254 1,725 - 24,912 Impairment losses - - 371 - - 371 Total operating expenses - 22,933 154,980 33,784 - 211,697 Operating income (loss) - (22,860 ) 63,953 12,857 (244 ) 53,706 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 2,627 - 2,627 Equity in earnings (loss) of unconsolidated joint ventures, net - 6,095 (3 ) - 244 6,336 Gain on dispositions of real estate interests - - - 41,086 - 41,086 Interest expense - (31,339 ) (2,123 ) (8,329 ) 1,200 (40,591 ) Interest and other income (expense) - 1,219 (62 ) (28 ) (1,200 ) (71 ) Income tax expense and other taxes - (450 ) (218 ) (44 ) - (712 ) Income (loss) from continuing operations - (47,335 ) 61,547 48,169 - 62,381 Equity in earnings of consolidated subsidiaries 55,499 105,513 2,639 - (163,651 ) - Consolidated net income 55,499 58,178 64,186 48,169 (163,651 ) 62,381 Net income attributable to noncontrolling interests - - - - (6,882 ) (6,882 ) Net income attributable to common stockholders 55,499 58,178 64,186 48,169 (170,533 ) 55,499 Distributed and undistributed earnings allocated to participating securities - (510 ) - - - (510 ) Adjusted net income attributable to common stockholders $ 55,499 $ 57,668 $ 64,186 $ 48,169 $ (170,533 ) $ 54,989 Net income $ 55,499 $ 58,178 $ 64,186 $ 48,169 $ (163,651 ) $ 62,381 Other comprehensive income (loss): Net derivative loss on cash flow hedging instruments - (718 ) - (255 ) - (973 ) Net reclassification adjustment on cash flow hedging instruments - 3,354 - 112 - 3,466 Other comprehensive income (loss) - 2,636 - (143 ) - 2,493 Comprehensive income 55,499 60,814 64,186 48,026 (163,651 ) 64,874 Comprehensive income attributable to noncontrolling interests - - - - (6,930 ) (6,930 ) Comprehensive income attributable to common stockholders $ 55,499 $ 60,814 $ 64,186 $ 48,026 $ (170,581 ) $ 57,944 Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2015 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (35,611 ) $ 160,226 $ 29,848 $ (2,760 ) $ 151,703 INVESTING ACTIVITIES: Real estate acquisitions - - (123,496 ) (31,337 ) - (154,833 ) Capital expenditures and development activities - - (155,788 ) (6,750 ) - (162,538 ) Proceeds from dispositions of real estate investments - - - 136,128 - 136,128 Investments in unconsolidated joint ventures - (840 ) - - - (840 ) Distributions of investments in unconsolidated joint ventures - 9,488 - - - 9,488 Other investing activities - (2,298 ) 6 (218 ) - (2,510 ) Net cash provided by (used in) investing activities - 6,350 (279,278 ) 97,823 - (175,105 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 210,000 - - - 210,000 Repayments of senior unsecured revolving line of credit - (61,000 ) - - - (61,000 ) Repayments of senior unsecured notes - (40,000 ) - - - (40,000 ) Principal payments on mortgage notes - - (415 ) (5,584 ) - (5,999 ) Net settlement on issuance of stock-based compensation awards (605 ) (605 ) - - 605 (605 ) Net payments relating to intercompany financing 74,707 (1,635 ) 119,488 (117,853 ) (74,707 ) - Redemption of noncontrolling interests - (1,714 ) - - - (1,714 ) Dividends to common stockholders (74,102 ) (74,102 ) - - 74,102 (74,102 ) Distributions to noncontrolling interests - (3,973 ) - (4,234 ) - (8,207 ) Other financing activity - (2,819 ) - - - (2,819 ) Net cash provided by (used in) financing activities - 24,152 119,073 (127,671 ) - 15,554 Net change in cash and cash equivalents - (5,109 ) 21 - (2,760 ) (7,848 ) Cash and cash equivalents, beginning of period - 19,743 - - (112 ) 19,631 Cash and cash equivalents, end of period $ - $ 14,634 $ 21 $ - $ (2,872 ) $ 11,783 Condensed Consolidated Balance Sheets December 31, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated ASSETS Land $ - $ - $ 784,723 $ 166,240 $ - $ 950,963 Buildings and improvements - - 2,273,733 514,226 - 2,787,959 Intangible lease assets - - 62,828 23,687 - 86,515 Construction in progress - - 121,997 12,941 - 134,938 Total investment in properties - - 3,243,281 717,094 - 3,960,375 Less accumulated depreciation and amortization - - (558,797 ) (145,043 ) - (703,840 ) Net investment in properties - - 2,684,484 572,051 - 3,256,535 Investments in and advances to unconsolidated joint ventures - 94,122 606 - - 94,728 Net investment in real estate - 94,122 2,685,090 572,051 - 3,351,263 Cash and cash equivalents - 19,743 - - (112 ) 19,631 Restricted cash - 3 162 3,614 - 3,779 Deferred loan costs, net - 7,580 54 392 - 8,026 Straight-line rent and other receivables, net - 101 43,733 10,349 - 54,183 Other assets, net - 3,525 6,965 4,162 - 14,652 Intercompany receivables, net 24,706 153,557 8,742 - (187,005 ) - Investment in subsidiaries 1,749,832 2,770,752 21,892 - (4,542,476 ) - Total assets $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 LIABILITIES AND EQUITY Liabilities: Accounts payable and accrued expenses $ - $ 10,257 $ 54,764 $ 18,634 $ (112 ) $ 83,543 Intercompany payables, net - 24,706 26,059 136,240 (187,005 ) - Distributions payable 24,706 1,267 - - - 25,973 Tenant prepaids and security deposits - - 25,393 5,146 - 30,539 Other liabilities - 150 10,947 2,981 - 14,078 Intangible lease liabilities, net - - 19,167 3,773 - 22,940 Line of credit - 37,000 - - - 37,000 Senior unsecured notes - 1,122,621 - - - 1,122,621 Mortgage notes - - 19,742 229,682 - 249,424 Total liabilities 24,706 1,196,001 156,072 396,456 (187,117 ) 1,586,118 Equity: Stockholders' equity 1,749,832 1,853,382 2,610,566 194,112 (4,658,060 ) 1,749,832 Noncontrolling interests - - - - 115,584 115,584 Total equity 1,749,832 1,853,382 2,610,566 194,112 (4,542,476 ) 1,865,416 Total liabilities and equity $ 1,774,538 $ 3,049,383 $ 2,766,638 $ 590,568 $ (4,729,593 ) $ 3,451,534 Condensed Consolidated Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 64,490 $ 19,795 $ - $ 84,285 Institutional capital management and other fees - 25 - 367 (70 ) 322 Total revenues - 25 64,490 20,162 (70 ) 84,607 OPERATING EXPENSES: Rental expenses - - 7,649 2,023 - 9,672 Real estate taxes - - 10,379 2,909 - 13,288 Real estate related depreciation and amortization - - 29,181 8,661 - 37,842 General and administrative - 6,347 73 307 - 6,727 Impairment losses - - 201 699 - 900 Casualty and involuntary conversion loss - - 14 - - 14 Total operating expenses - 6,347 47,497 14,599 - 68,443 Operating income (loss) - (6,322 ) 16,993 5,563 (70 ) 16,164 OTHER INCOME (EXPENSE): Equity in earnings (loss) of unconsolidated joint ventures, net - 824 (2 ) - 70 892 Gain on dispositions of real estate interests - - - 10,230 - 10,230 Interest expense - (12,493 ) (1,317 ) (2,818 ) 550 (16,078 ) Interest and other income (expense) - 2,156 (16 ) (13 ) (550 ) 1,577 Income tax benefit (expense) and other taxes - (160 ) 270 (37 ) - 73 Income (loss) from continuing operations - (15,995 ) 15,928 12,925 - 12,858 Income from discontinued operations - - - 352 - 352 Equity in earnings of consolidated subsidiaries 12,409 29,057 39 - (41,505 ) - Consolidated net income 12,409 13,062 15,967 13,277 (41,505 ) 13,210 Net income attributable to noncontrolling interests - - - - (801 ) (801 ) Net income attributable to common stockholders 12,409 13,062 15,967 13,277 (42,306 ) 12,409 Distributed and undistributed earnings allocated to participating securities - (171 ) - - - (171 ) Adjusted net income attributable to common stockholders $ 12,409 $ 12,891 $ 15,967 $ 13,277 $ (42,306 ) $ 12,238 Net income $ 12,409 $ 13,062 $ 15,967 $ 13,277 $ (41,505 ) $ 13,210 Other comprehensive income: Net derivative gain (loss) on cash flow hedging instruments - 159 - (24 ) - 135 Net reclassification adjustment on cash flow hedging instruments - 1,124 - 39 - 1,163 Other comprehensive income - 1,283 - 15 - 1,298 Comprehensive income 12,409 14,345 15,967 13,292 (41,505 ) 14,508 Comprehensive income attributable to noncontrolling interests - - - - (881 ) $ (881 ) Comprehensive income attributable to common stockholders $ 12,409 $ 14,345 $ 15,967 $ 13,292 $ (42,386 ) $ 13,627 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) For the Nine Months Ended September 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated REVENUES: Rental revenues $ - $ - $ 189,798 $ 60,408 $ - $ 250,206 Institutional capital management and other fees - 479 - 1,185 (270 ) 1,394 Total revenues - 479 189,798 61,593 (270 ) 251,600 OPERATING EXPENSES: Rental expenses - - 24,500 7,007 - 31,507 Real estate taxes - - 29,859 10,337 - 40,196 Real estate related depreciation and amortization - - 85,137 26,408 - 111,545 General and administrative - 20,129 253 677 - 21,059 Impairment losses - - 201 5,434 - 5,635 Casualty and involuntary conversion gain - - (326 ) - - (326 ) Total operating expenses - 20,129 139,624 49,863 - 209,616 Operating income (loss) - (19,650 ) 50,174 11,730 (270 ) 41,984 OTHER INCOME (EXPENSE): Development profit, net of taxes - - - 1,966 50 2,016 Equity in earnings (loss) of unconsolidated joint ventures, net - 5,014 (32 ) - 220 5,202 Gain on business combination - 1,000 - - - 1,000 Gain on dispositions of real estate interests - 1,175 - 10,472 - 11,647 Interest expense - (37,626 ) (4,051 ) (8,507 ) 1,868 (48,316 ) Interest and other income (expense) - 3,480 (52 ) 22 (1,868 ) 1,582 Income tax benefit (expense) and other taxes - (296 ) 734 (181 ) - 257 Income (loss) from continuing operations - (46,903 ) 46,773 15,502 - 15,372 Income from discontinued operations - - - 5,576 - 5,576 Equity in earnings of consolidated subsidiaries 19,527 67,466 2,018 - (89,011 ) - Consolidated net income 19,527 20,563 48,791 21,078 (89,011 ) 20,948 Net income attributable to noncontrolling interests - - - - (1,421 ) (1,421 ) Net income attributable to common stockholders 19,527 20,563 48,791 21,078 (90,432 ) 19,527 Distributed and undistributed earnings allocated to participating securities - (507 ) - - - (507 ) Adjusted net income attributable to common stockholders $ 19,527 $ 20,056 $ 48,791 $ 21,078 $ (90,432 ) $ 19,020 Net income $ 19,527 $ 20,563 $ 48,791 $ 21,078 $ (89,011 ) $ 20,948 Other comprehensive income (loss) Net derivative loss on cash flow hedging instruments - (360 ) - (351 ) - (711 ) Net reclassification adjustment on cash flow hedging instruments - 3,375 - 116 - 3,491 Other comprehensive income (loss) - 3,015 - (235 ) - 2,780 Comprehensive income 19,527 23,578 48,791 20,843 (89,011 ) 23,728 Comprehensive income attributable to noncontrolling interests - - - - (1,659 ) (1,659 ) Comprehensive income attributable to common stockholders $ 19,527 $ 23,578 $ 48,791 $ 20,843 $ (90,670 ) $ 22,069 Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2014 (in thousands) (unaudited) Parent Subsidiary Issuer Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidating Adjustments Total Consolidated OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ - $ (38,456 ) $ 128,652 $ 43,766 $ (4,853 ) $ 129,109 INVESTING ACTIVITIES: Real estate acquisitions - - (208,309 ) (48,789 ) - (257,098 ) Capital expenditures and development activities - - (121,028 ) (13,837 ) - (134,865 ) Proceeds from dispositions of real estate investments - 1,988 - 124,172 - 126,160 Investments in unconsolidated joint ventures - (754 ) - - - (754 ) Proceeds from casualties and involuntary conversion - 461 143 - 604 Distributions of investments in unconsolidated joint ventures - 17,043 - - - 17,043 Other investing activities - 6,247 6 (283 ) - 5,970 Net cash provided by (used in) investing activities - 24,524 (328,870 ) 61,406 - (242,940 ) FINANCING ACTIVITIES: Proceeds from senior unsecured revolving line of credit - 135,000 - - - 135,000 Repayments of senior unsecured revolving line of credit - (42,000 ) - - - (42,000 ) Principal payments on mortgage notes - - (4,532 ) (9,914 ) - (14,446 ) Proceeds from issuance of common stock 105,015 105,015 - - (105,015 ) 105,015 Net settlement on issuance of stock-based compensation awards (282 ) (282 ) - - 282 (282 ) Offering costs for issuance of common stock and OP Units (1,392 ) (1,392 ) - - 1,392 (1,392 ) Net payments relating to intercompany financing (34,636 ) (115,365 ) 214,356 (98,991 ) 34,636 - Redemption of noncontrolling interests - (800 ) - - - (800 ) Dividends to common stockholders (68,705 ) (68,705 ) - - 68,705 (68,705 ) Distributions to noncontrolling interests - (4,048 ) - (498 ) - (4,546 ) Contributions from noncontrolling interests - - - 101 - 101 Other financing activity - 62 (78 ) 2 - (14 ) Net cash provided by (used in) financing activities - 7,485 209,746 (109,300 ) - 107,931 Net change in cash and cash equivalents - (6,447 ) 9,528 (4,128 ) (4,853 ) (5,900 ) Cash and cash equivalents, beginning of period - 28,098 - 4,128 - 32,226 Cash and cash equivalents, end of period $ - $ 21,651 $ 9,528 $ - $ (4,853 ) $ 26,326

Organization (Narrative) (Detai

Organization (Narrative) (Details) $ in Millions	Nov. 17, 2014	May. 31, 2015USD ($)	Sep. 30, 2015USD ($)ft²customerpropertyPartner	Dec. 31, 2014
Organization [Line Items]
Reverse stock split	0.25
Fraudulent transfer amount to third-party overseas accounts | $		$ 6.1
Recovered amount from fraudulent transfer | $		3
Other cost related to incident investigation | $		$ 0.3
Square feet of properties | ft²			73,300,000
Number of customers leased | customer			900
Number of properties			23
Consolidated Operating Properties [Member]
Organization [Line Items]
Square feet of properties | ft²			62,000,000
Number of properties			405
Occupancy rate			94.50%
Building Held For Sale [Member]
Organization [Line Items]
Square feet of properties | ft²			33,000
Number of properties			1
Unconsolidated Properties [Member]
Organization [Line Items]
Square feet of properties | ft²			7,500,000
Number of properties			23
Occupancy rate			92.90%
Number of institutional partners | Partner			3
Redevelopment [Member]
Organization [Line Items]
Square feet of properties | ft²			800,000
Number of properties			4
Buildings In Development [Member]
Organization [Line Items]
Square feet of properties | ft²			3,000,000
Number of properties			8
Projects Under Construction [Member]
Organization [Line Items]
Number of properties			11
General and Administrative Expense [Member]
Organization [Line Items]
Expenses related to insurance claim recoveries | $			$ 3.4
DCT Industrial Operating Partnership LP [Member]
Organization [Line Items]
Percentage of outstanding equity ownership interest			95.40%	95.40%

Summary Of Significant Accoun33

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment			$ 4,293	$ 7,628
Continuing Operations [Member]
Summary Of Significant Accounting Policy [Line Items]
Increase in rental revenue due straight-line rent adjustment	$ 900	$ 2,300	4,300	7,600
Tenant recovery	20,600	19,400	62,800	58,200
Increase (decrease) on rental revenues due to amortization of above and below market rents and accelerated amortization due to early lease terminations	800	600	2,300	1,500
Increase on rental revenues due to early lease terminations fees	$ 1,200	$ 300	$ 2,400	$ 1,900

Investment In Properties (Sched

Investment In Properties (Schedule Of Investment In Properties) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real Estate [Abstract]
Operating properties	$ 3,754,744	$ 3,635,287
Properties under development	289,560	241,934
Properties in pre-development	47,034	23,353
Properties under redevelopment	45,449	50,931
Land held	7,698	8,870
Total investment in properties	4,144,485	3,960,375
Less accumulated depreciation and amortization	(754,862)	(703,840)
Net investment in properties	$ 3,389,623	$ 3,256,535

Investment In Properties (Narra

Investment In Properties (Narrative) (Details) $ in Thousands, ft² in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)ft²	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)ft²apropertyBuildingsProjects	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Real Estate Properties [Line Items]
Square feet of properties | ft²	73.3		73.3
Total investment in properties	$ 4,144,485		$ 4,144,485		$ 3,960,375
Development profit, net of taxes			2,627	$ 2,016
Aggregate amortization expense for intangible lease assets	$ 3,600	$ 3,600	$ 11,200	$ 10,900
Development Activity [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	3		3
Number of buildings in development | Buildings			8
Weighted Average Lease Percentage			70.30%
Development in process | Projects			11
Area of real estate property under construction | ft²	3.7		3.7
Development Activity [Member] | 8th And Vineyard C
Real Estate Properties [Line Items]
Development profit, net of taxes			$ 2,600
Development Activity [Member] | 8th And Vineyard D
Real Estate Properties [Line Items]
Development profit, net of taxes			2,600
Development Activity [Member] | 8th And Vineyard E
Real Estate Properties [Line Items]
Development profit, net of taxes			$ 2,600
Disposition Activity [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	3.7		3.7
Number of real estate properties sold | property			13
Proceeds from dispositions of real estate investments			$ 138,100
Gain on sale of property			$ 41,100
Number of properties resulting in gain from sale | property			13
Atlanta, Denver, Houston, Northern California and Phoenix Markets [Member] | Acquisition Activity [Member]
Real Estate Properties [Line Items]
Number of Buildings | property			14
Square feet of properties | ft²	2.1		2.1
Total investment in properties			$ 124,900
Real estate acquisition related costs			$ 1,900
Area of property acquired | a			232.3
Total investment in properties	$ 52,400		$ 52,400

Investment In Properties (Sch36

Investment In Properties (Schedule Of Intangible Lease Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finite Lived Intangible Assets And Liabilities [Line Items]
Below market rent, Gross	$ (31,135)	$ (30,266)
Below market rent, Accumulated Amortization	9,276	7,326
Below market rent, Net	(21,859)	(22,940)
Other Intangible Lease Assets [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	83,181	81,996
Accumulated Amortization	(37,298)	(33,031)
Net	45,883	48,965
Above Market Rent [Member]
Finite Lived Intangible Assets And Liabilities [Line Items]
Gross	4,937	4,519
Accumulated Amortization	(2,314)	(1,773)
Net	$ 2,623	$ 2,746

Investments In And Advances T37

Investments In And Advances To Unconsolidated Joint Ventures (Narrative) (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2015USD ($)property	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Schedule Of Equity Method Investments [Line Items]
Proceeds from dispositions of real estate investments				$ 136,128	$ 126,160
Equity in earnings of unconsolidated joint ventures, net		$ 4,493	$ 892	6,336	$ 5,202
Total investment in properties		$ 4,144,485		$ 4,144,485		$ 3,960,375
IDI/DCT, LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Proceeds from dispositions of real estate investments	$ 14,000
Equity in earnings of unconsolidated joint ventures, net	$ 3,700
Ownership Percentage		0.00%		0.00%
IDI/DCT Buford, LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	25.00%	0.00%		0.00%
IDI/DCT Buford, LLC [Member] | Acquisition Activity [Member]
Schedule Of Equity Method Investments [Line Items]
Number of real estate property contributed by joint venture partner | property	1
Total investment in properties	$ 1,100

Investments In And Advances T38

Investments In And Advances To Unconsolidated Joint Ventures (Investments In And Advances To Unconsolidated Joint Ventures) (Details) $ in Thousands		9 Months Ended
		Sep. 30, 2015USD ($)property	Aug. 31, 2015	Dec. 31, 2014USD ($)
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		23
Investments in and advances to unconsolidated joint ventures		$ 82,683		$ 94,728
Percentage Of Initial Cash Equity Capital		100.00%
DCT/SPF Industrial Operating LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		20.00%
Number of Buildings | property		13
Investments in and advances to unconsolidated joint ventures		$ 38,624		39,744
TRT-DCT Venture III [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		10.00%
Number of Buildings | property		4
Investments in and advances to unconsolidated joint ventures		$ 1,164		1,196
Stirling Capital Investments (SCLA) [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	[1]	50.00%
Number of Buildings | property	[1]	6
Investments in and advances to unconsolidated joint ventures	[1]	$ 42,631		45,342
IDI/DCT, LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		0.00%
Investments in and advances to unconsolidated joint ventures		$ 264		4,363
IDI/DCT Buford, LLC (Land Only) [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		0.00%	25.00%
Investments in and advances to unconsolidated joint ventures				4,083
Institutional Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		17
Investments in and advances to unconsolidated joint ventures		$ 39,788		40,940
Other [Member]
Schedule Of Equity Method Investments [Line Items]
Number of Buildings | property		6
Investments in and advances to unconsolidated joint ventures		$ 42,895		$ 53,788
[1]	Although we contributed 100% of the initial cash equity capital required by the venture, our partners retain certain participant rights in the venture’s available cash flows.

Financial Instruments And Hed39

Financial Instruments And Hedging Activities (Summary Of Financial Instruments) (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts		$ 186,000	$ 37,000
Carrying Amounts		1,500,000	1,400,000
Interest rate swap liability, Carrying Amounts	[1]	(311)	(167)
Interest Rate Swaps [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate swap liability, Estimated Fair Value	[1]	(311)	(167)
Senior Unsecured Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2]	186,000	37,000
Estimated Fair Value	[2]	186,000	37,000
Fixed Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2],[3]	1,121,945	1,147,045
Estimated Fair Value	[2],[3]	1,197,106	1,238,671
Variable Rate Debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Amounts	[2]	225,000	225,000
Estimated Fair Value	[2]	$ 223,902	$ 226,431
[1]	The fair value of our interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows based on an expectation of future interest rates derived from Level 2 observable market interest rate curves. We also incorporate a credit valuation adjustment, which is derived using unobservable Level 3 inputs, to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurement. The asset or liability is included in “Other assets” or “Other liabilities,” respectively, in our Consolidated Balance Sheets.
[2]	The fair values of our borrowings were estimated using a discounted cash flow methodology. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values.
[3]	The carrying amount of our fixed rate debt includes premiums and discounts.

Financial Instruments And Hed40

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, 2015	Sep. 30, 2014
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance at January 1	$ (167)	$ 212
Net unrealized loss included in accumulated other comprehensive income	(255)	(351)
Realized loss recognized in interest expense	111	116
Ending balance at September 30	$ (311)	$ (23)

Financial Instruments And Hed41

Financial Instruments And Hedging Activities (Narrative) (Details) $ in Millions	1 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2013item	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number of pay-fixed, receive-floating interest rate swaps | item	2
Fixed interest rate	4.72%
Notional amount of non derivative Instruments		$ 6.8	$ 7
Estimated amount that will be reclassified from accumulated other comprehensive loss to interest expenses		$ 4.2
Interest Rate Swaps [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Maturity date	Jun. 1, 2023

Financial Instruments And Hed42

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, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of gain (loss) recognized in OCI for effective portion of derivatives	$ (518)	$ 135	$ (973)	$ (711)
Interest Rate Swaps [Member]
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Amount of gain (loss) recognized in OCI for effective portion of derivatives	518	135	(973)	(711)
Amount of loss reclassified from accumulated OCI for effective portion of derivatives into interest expense and equity in earnings of unconsolidated joint ventures, net	$ (1,155)	$ (1,163)	$ (3,466)	$ (3,491)

Outstanding Indebtedness (Narra

Outstanding Indebtedness (Narrative) (Details)		Apr. 08, 2015USD ($)	Oct. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)CreditsLoan	Dec. 31, 2014USD ($)Credits
Debt Instrument [Line Items]
Outstanding indebtedness					$ 1,500,000,000	$ 1,400,000,000
Proportionate share of debt associated with unconsolidated joint ventures					36,700,000	42,500,000
Total investment in properties					4,144,485,000	3,960,375,000
Total bank unsecured credit facilities					$ 186,000,000	37,000,000
Number of notes assumed | Loan					2
Assumption of mortgage note in connection with real estate acquired					$ 21,100,000
Premium in connection with the assumption of the note					1,900,000
Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 225,000,000
Senior Unsecured Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date				Jun. 30, 2015
Repayments of senior unsecured note				$ 40,000,000
Mortgage Note [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date			Feb. 29, 2016
Repayments of senior unsecured note			$ 50,900,000
Tranches One [Member] | Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 125,000,000
Debt instrument, maturity date		Apr. 8, 2020
Tranches Two [Member] | Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 100,000,000
Debt instrument, maturity date		Apr. 8, 2017
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total bank unsecured credit facilities	[1]				186,000,000	37,000,000
Senior unsecured facility, available					210,500,000	243,500,000
Letters of Credit Outstanding					$ 3,500,000	$ 19,500,000
Number of letter of credits | Credits					1	3
Borrowing capacity under revolving credit facility		$ 400,000,000			$ 300,000,000
Line of credit facility, expiration date		Apr. 8, 2019
Mortgage Loans On Real Estate [Member]
Debt Instrument [Line Items]
Total investment in properties					$ 700,000,000	$ 600,000,000
[1]	The fair values of our borrowings were estimated using a discounted cash flow methodology. Credit spreads and market interest rates used to determine the fair value of these instruments are based on unobservable Level 3 inputs which management has determined to be its best estimate of current market values.

Noncontrolling Interests (Sched

Noncontrolling Interests (Schedule Of Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Noncontrolling Interest [Abstract]
Noncontrolling interests' share of income from continuing operations	$ (622)	$ (787)	$ (6,882)	$ (1,140)
Noncontrolling interests' share of income from discontinued operations		(14)		(281)
Net income attributable to noncontrolling interests	$ (622)	$ (801)	$ (6,882)	$ (1,421)

Stockholders' Equity of DCT a45

Stockholders' Equity of DCT and Partners' Capital of the Operating Partnership (Narrative) (Details) $ / shares in Units, $ in Millions	Nov. 17, 2014	Sep. 30, 2015USD ($)$ / sharesshares	Sep. 30, 2014USD ($)shares	Dec. 31, 2014USD ($)$ / sharesshares
Stockholders Equity [Line Items]
Reverse stock split	0.25
Common stock, shares issued		88,209,975		88,012,696
Common stock, shares outstanding		88,209,975		88,012,696
Shares issued for vested restricted stock and phantoms shares and options exercised		100,000	100,000
Common stock issued on redemption of OP Units		100,000	200,000
Cash paid for redemption of partnership units | $		$ 1.7	$ 0.8
Redemption of OP units		200,000	300,000
Operating partnership units outstanding		4,200,000		4,200,000
Redemption value of OP units | $		$ 141.8		$ 149.8
Closing price of DCT's common stock | $ / shares		$ 33.66		$ 35.66
Stock options granted during the period		0
LTIP units to common shares conversion ratio		100.00%
Restricted Stock [Member]
Stockholders Equity [Line Items]
Shares granted during the period		28,000
LTIP Units [Member]
Stockholders Equity [Line Items]
LTIP units outstanding		1,100,000		900,000
LTIP units vested		600,000		400,000
Certain Officers and Employees [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Weighted-average fair market value | $ / shares		$ 37.68
Certain Senior Executives [Member] | LTIP Units [Member]
Stockholders Equity [Line Items]
Common stock issued on redemption of OP Units		5,000	8,000
Redemption of OP units		5,000	8,000
Vesting period (years)		4 years
LTIP units granted		200,000	200,000
Fair value of shares granted | $		$ 7.3	$ 4.3
Volatility factor		26.00%	40.00%
Risk-free interest rate		1.28%	1.47%
Minimum [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership		1.00%
Minimum [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Vesting period (years)		4 years
Minimum [Member] | Certain Senior Executives [Member] | LTIP Units [Member]
Stockholders Equity [Line Items]
Vesting period (years)		4 years	4 years
Maximum [Member] | Restricted Stock [Member]
Stockholders Equity [Line Items]
Vesting period (years)		5 years
Maximum [Member] | Certain Senior Executives [Member] | LTIP Units [Member]
Stockholders Equity [Line Items]
Vesting period (years)		5 years	5 years
DCT Industrial Operating Partnership LP [Member]
Stockholders Equity [Line Items]
Ownership interest in operating partnership		95.40%		95.40%

Related Party Transactions (Det

Related Party Transactions (Details) ft² in Millions, $ in Millions	1 Months Ended		2 Months Ended	9 Months Ended
	Jan. 31, 2011propertyagreement	Dec. 31, 2010USD ($)aagreement	Jan. 31, 2011USD ($)property	Sep. 30, 2015USD ($)ft²aproperty
Related Party Transaction [Line Items]
Land held for development | ft²				73.3
Number of properties | property				23
8th & Vineyard Consolidated Joint Venture [Member]
Related Party Transaction [Line Items]
Land held for development | a		19.3
Acquisition price of land and buildings		$ 4.7
8th & Vineyard A and 8th & Vineyard B [Member] | Construction And Disposition [Member]
Related Party Transaction [Line Items]
Land held for development | a				0.8
Number of properties | property				5
Preferred return on capital contributions				$ 3
Non-controlling interest				$ 3.7
Southern California Consolidated Ventures [Member]
Related Party Transaction [Line Items]
Acquisition price of land and buildings			$ 46.3
Number of properties | property	5		5
Number of acquisition agreements | agreement	2	2
Weighted average ownership percentage			48.40%
Weighted average ownership interest rate controlled by executives			43.70%
Weighted average ownership interest rate held by third party			7.90%

Earnings Per Share_Unit (Comput

Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Income from continuing operations	$ 9,079	$ 12,858	$ 62,381	$ 15,372
Income from continuing operations attributable to noncontrolling interests	(622)	(787)	(6,882)	(1,140)
Income from continuing operations attributable to common stockholders	8,457	12,071	55,499	14,232
Less: Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Numerator for adjusted income from continuing operations attributable to common stockholders/OP Unitholders	8,291	11,900	54,989	13,725
Income from discontinued operations		352		5,576
Noncontrolling interests' share of income from discontinued operations		(14)		(281)
Numerator for income from discontinued operations attributable to common stockholders / OP Unitholders		338		5,295
Adjusted net income attributable to common stockholders / OP Unitholders	$ 8,291	$ 12,238	$ 54,989	$ 19,020
Weighted average common shares outstanding – basic	88,207	83,391	88,162	82,227
Stock options and phantom stock	319	300	310	282
Weighted average common shares / OP Units outstanding – diluted	88,526	83,691	88,472	82,509
Income from continuing operations	$ 0.09	$ 0.15	$ 0.62	$ 0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	0.09	0.15	0.62	0.23
Income from continuing operations	0.09	0.15	0.62	0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	$ 0.09	$ 0.15	$ 0.62	$ 0.23

Earnings Per Share_Unit (Comp48

Earnings Per Share/Unit (Computation Of Basic And Diluted Earnings Per Common Unit) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Line Items]
Income from continuing operations	$ 9,079	$ 12,858	$ 62,381	$ 15,372
Income from continuing operations attributable to noncontrolling interests	(622)	(787)	(6,882)	(1,140)
Income from continuing operations attributable to common stockholders	8,457	12,071	55,499	14,232
Less: Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Numerator for adjusted income from continuing operations attributable to common stockholders/OP Unitholders	8,291	11,900	54,989	13,725
Income from discontinued operations		352		5,576
Noncontrolling interests' share of income from discontinued operations		(14)		(281)
Numerator for income from discontinued operations attributable to common stockholders / OP Unitholders		338		5,295
Adjusted net income attributable to common stockholders / OP Unitholders	$ 8,291	$ 12,238	$ 54,989	$ 19,020
Weighted average common shares outstanding – basic	88,207	83,391	88,162	82,227
Stock options and phantom stock	319	300	310	282
Weighted average common shares / OP Units outstanding – diluted	88,526	83,691	88,472	82,509
Net income attributable to common stockholders	$ 0.09	$ 0.15	$ 0.62	$ 0.23
Income from continuing operations	0.09	0.15	0.62	0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	$ 0.09	$ 0.15	$ 0.62	$ 0.23
DCT Industrial Operating Partnership LP [Member]
Earnings Per Share [Line Items]
Income from continuing operations	$ 9,079	$ 12,858	$ 62,381	$ 15,372
Income from continuing operations attributable to noncontrolling interests	(226)	(148)	(4,203)	(385)
Income from continuing operations attributable to common stockholders	8,853	12,710	58,178	14,987
Less: Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Numerator for adjusted income from continuing operations attributable to common stockholders/OP Unitholders	8,687	12,539	57,668	14,480
Income from discontinued operations		352		5,576
Numerator for income from discontinued operations attributable to common stockholders / OP Unitholders		352		5,576
Adjusted net income attributable to common stockholders / OP Unitholders	$ 8,687	$ 12,891	$ 57,668	$ 20,056
Weighted average common shares outstanding – basic	92,424	87,679	92,419	86,587
Stock options and phantom stock	319	300	310	282
Weighted average common shares / OP Units outstanding – diluted	92,743	87,979	92,729	86,869
Income from continuing operations	$ 0.09	$ 0.15	$ 0.62	$ 0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	0.09	0.15	0.62	0.23
Income from continuing operations	0.09	0.15	0.62	0.17
Income from discontinued operations	0	0	0	0.06
Net income attributable to common stockholders	$ 0.09	$ 0.15	$ 0.62	$ 0.23

Earnings Per Share_Unit (Narrat

Earnings Per Share/Unit (Narrative) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
OP Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities	4.2	4.3	4.3	4.4

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 2015segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information (Total Asse

Segment Information (Total Assets, Net Of Accumulated Depreciation And Amortization, By Segment) (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total assets		$ 3,572,211	$ 3,451,534
Non-segment cash and cash equivalents		11,783	19,631	$ 26,326	$ 32,226
Other non-segment assets		17,623	14,652
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		3,461,104	3,323,869
Operating Segments [Member] | East [Member]
Segment Reporting Information [Line Items]
Total assets		1,012,626	1,010,263
Operating Segments [Member] | Central [Member]
Segment Reporting Information [Line Items]
Total assets		1,113,089	1,067,616
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total assets		1,335,389	1,245,990
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Non-segment cash and cash equivalents		10,231	16,653
Other non-segment assets	[1]	$ 100,876	$ 111,012
[1]	Other non-segment assets primarily consist of investments in and advances to unconsolidated joint ventures, deferred loan costs, other receivables and other assets.

Segment Information (Reconcilia

Segment Information (Reconciliation Of Segment Rental Revenues To Consolidated Entity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	$ 88,092	$ 84,285	$ 264,269	$ 250,206
Institutional capital management and other fees	333	322	1,134	1,394
Total revenues	88,425	84,607	265,403	251,600
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	88,092	84,285	264,269	250,206
Operating Segments [Member] | East [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	25,887	27,289	79,184	84,082
Operating Segments [Member] | Central [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	32,777	32,965	98,693	97,714
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total rental revenues from operating properties in continuing operations	$ 29,428	$ 24,031	$ 86,392	$ 68,410

Segment Information (Reconcil53

Segment Information (Reconciliation Of Property Net Operating Income To Consolidated Entity) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Total property NOI		$ 17,947	$ 16,164	$ 53,706	$ 41,984
Institutional capital management and other fees		333	322	1,134	1,394
Gain on business combination					1,000
Gain on dispositions of real estate interests			10,230	41,086	11,647
Real estate related depreciation and amortization		(39,431)	(37,842)	(116,876)	(111,545)
Casualty and involuntary conversion gain (loss)			(14)		326
Development profit, net of taxes				2,627	2,016
General and administrative expense		(7,720)	(6,727)	(24,912)	(21,059)
Impairment losses		(371)	(900)	(371)	(5,635)
Equity in earnings of unconsolidated joint ventures, net		4,493	892	6,336	5,202
Interest expense		(13,078)	(16,078)	(40,591)	(48,316)
Interest and other income (expense)		(42)	1,577	(71)	1,582
Income tax benefit (expense) and other taxes		(241)	73	(712)	257
Income from continuing operations		9,079	12,858	62,381	15,372
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total property NOI	[1]	65,136	61,325	194,731	178,503
Operating Segments [Member] | East [Member]
Segment Reporting Information [Line Items]
Total property NOI		19,632	20,475	59,202	61,306
Operating Segments [Member] | Central [Member]
Segment Reporting Information [Line Items]
Total property NOI		23,327	22,963	69,648	65,757
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total property NOI		22,177	17,887	65,881	51,440
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Institutional capital management and other fees		333	322	1,134	1,394
Gain on business combination					1,000
Gain on dispositions of real estate interests			10,230	41,086	11,647
Real estate related depreciation and amortization		(39,431)	(37,842)	(116,876)	(111,545)
Casualty and involuntary conversion gain (loss)			(14)		326
Development profit, net of taxes				2,627	2,016
General and administrative expense		(7,720)	(6,727)	(24,912)	(21,059)
Impairment losses		(371)	(900)	(371)	(5,635)
Equity in earnings of unconsolidated joint ventures, net		4,493	892	6,336	5,202
Interest expense		(13,078)	(16,078)	(40,591)	(48,316)
Interest and other income (expense)		(42)	1,577	(71)	1,582
Income tax benefit (expense) and other taxes		$ (241)	$ 73	$ (712)	$ 257
[1]	Property net operating income (“property NOI”) is defined as rental revenues, including reimbursements, less rental expenses and real estate taxes, which excludes institutional capital management fees, depreciation, amortization, casualty and involuntary conversion gain (loss), impairment, general and administrative expenses, equity in earnings (loss) of unconsolidated joint ventures, interest expense, interest and other income (expense) and income tax benefit (expense) and other taxes. We consider property NOI to be an appropriate supplemental performance measure because property NOI reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as depreciation, amortization, impairment, general and administrative expenses and interest expense. However, property NOI should not be viewed as an alternative measure of our financial performance since it excludes expenses which could materially impact our results of operations. Further, our property NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating property NOI. Therefore, we believe net income (loss) attributable to common stockholders, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

Discontinued Operations And A54

Discontinued Operations And Assets Held For Sale (Narrative) (Details)	Sep. 30, 2015property
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of properties	23
Assets Held for Sale [Member] | East [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of properties	1

Discontinued Operations And A55

Discontinued Operations And Assets Held For Sale (Summary Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Discontinued Operations And Disposal Groups [Abstract]
Rental revenues	$ 37	$ 429
Rental expenses and real estate taxes	48	(19)
General and administrative expense	(1)	(38)
Operating income	84	372
Interest and other expense	(2)	(19)
Income tax expense and other taxes		(32)
Operating income and other income	82	321
Impairment losses		(132)
Gain on dispositions of real estate interests	270	5,387
Income from discontinued operations	$ 352	$ 5,576

Condensed Consolidated Financia

Condensed Consolidated Financial Information (Narrative) (Details) - DCT Industrial Operating Partnership LP [Member] - Senior Notes [Member]	1 Months Ended
	Oct. 31, 2013USD ($)
Debt Instrument [Line Items]
Debt instrument face value	$ 275,000,000
Debt instrument stated rate	4.50%
Debt instrument discount rate	99.038%

Condensed Consolidated Financ57

Condensed Consolidated Financial Information (Condensed Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Land	$ 1,017,656	$ 950,963
Buildings and improvements	2,944,900	2,787,959
Intangible lease assets	88,118	86,515
Construction in progress	93,811	134,938
Total investment in properties	4,144,485	3,960,375
Less accumulated depreciation and amortization	(754,862)	(703,840)
Net investment in properties	3,389,623	3,256,535
Investments in and advances to unconsolidated joint ventures	82,683	94,728
Net investment in real estate	3,472,306	3,351,263
Cash and cash equivalents	11,783	19,631	$ 26,326	$ 32,226
Restricted cash	3,005	3,779
Deferred loan costs, net	9,101	8,026
Straight-line rent and other receivables, net	57,347	54,183
Other assets, net	17,623	14,652
Assets held for sale	1,046
Total assets	3,572,211	3,451,534
Liabilities:
Accounts payable and accrued expenses	91,511	83,543
Distributions payable	26,029	25,973
Tenant prepaids and security deposits	31,311	30,539
Other liabilities	17,867	14,078
Intangible lease liabilities, net	21,859	22,940
Line of credit	186,000	37,000
Senior unsecured notes	1,082,788	1,122,621
Mortgage notes	264,157	249,424
Liabilities related to assets held for sale	18
Total liabilities	1,721,540	1,586,118
Equity/Partners' Capital:
Stockholders' equity	1,736,431	1,749,832
Noncontrolling interests	114,240	115,584
Total equity	1,850,671	1,865,416
Total liabilities and equity	3,572,211	3,451,534
Consolidating Adjustments [Member]
ASSETS
Cash and cash equivalents	(2,872)	(112)	(4,853)
Intercompany receivables, net	(151,405)	(187,005)
Investment in subsidiaries	(4,679,375)	(4,542,476)
Total assets	(4,833,652)	(4,729,593)
Liabilities:
Accounts payable and accrued expenses	(2,872)	(112)
Intercompany payables, net	(151,405)	(187,005)
Total liabilities	(154,277)	(187,117)
Equity/Partners' Capital:
Stockholders' equity	(4,793,615)	(4,658,060)
Noncontrolling interests	114,240	115,584
Total equity	(4,679,615)	(4,542,476)
Total liabilities and equity	(4,833,652)	(4,729,593)
DCT Industrial Trust Inc. [Member]
ASSETS
Intercompany receivables, net	24,751	24,706
Investment in subsidiaries	1,736,431	1,749,832
Total assets	1,761,182	1,774,538
Liabilities:
Distributions payable	24,751	24,706
Total liabilities	24,751	24,706
Equity/Partners' Capital:
Stockholders' equity	1,736,431	1,749,832
Total equity	1,736,431	1,749,832
Total liabilities and equity	1,761,182	1,774,538
Subsidiary Issuer [Member]
ASSETS
Investments in and advances to unconsolidated joint ventures	82,081	94,122
Net investment in real estate	82,081	94,122
Cash and cash equivalents	14,634	19,743	21,651	28,098
Restricted cash		3
Deferred loan costs, net	8,709	7,580
Straight-line rent and other receivables, net	269	101
Other assets, net	3,892	3,525
Intercompany receivables, net	118,134	153,557
Investment in subsidiaries	2,918,648	2,770,752
Total assets	3,146,367	3,049,383
Liabilities:
Accounts payable and accrued expenses	12,467	10,257
Intercompany payables, net	24,751	24,706
Distributions payable	1,278	1,267
Other liabilities	347	150
Line of credit	186,000	37,000
Senior unsecured notes	1,082,788	1,122,621
Total liabilities	1,307,631	1,196,001
Equity/Partners' Capital:
Stockholders' equity	1,838,736	1,853,382
Total equity	1,838,736	1,853,382
Total liabilities and equity	3,146,367	3,049,383
Subsidiary Guarantors [Member]
ASSETS
Land	865,289	784,723
Buildings and improvements	2,498,197	2,273,733
Intangible lease assets	64,530	62,828
Construction in progress	88,044	121,997
Total investment in properties	3,516,060	3,243,281
Less accumulated depreciation and amortization	(637,765)	(558,797)
Net investment in properties	2,878,295	2,684,484
Investments in and advances to unconsolidated joint ventures	602	606
Net investment in real estate	2,878,897	2,685,090
Cash and cash equivalents	21		$ 9,528
Restricted cash	162	162
Deferred loan costs, net	50	54
Straight-line rent and other receivables, net	47,678	43,733
Other assets, net	9,534	6,965
Intercompany receivables, net	8,520	8,742
Investment in subsidiaries	24,296	21,892
Assets held for sale	1,046
Total assets	2,970,204	2,766,638
Liabilities:
Accounts payable and accrued expenses	63,913	54,764
Intercompany payables, net	26,075	26,059
Tenant prepaids and security deposits	27,602	25,393
Other liabilities	16,202	10,947
Intangible lease liabilities, net	18,108	19,167
Mortgage notes	22,511	19,742
Liabilities related to assets held for sale	18
Total liabilities	174,429	156,072
Equity/Partners' Capital:
Stockholders' equity	2,795,775	2,610,566
Total equity	2,795,775	2,610,566
Total liabilities and equity	2,970,204	2,766,638
Non-Guarantor Subsidiaries [Member]
ASSETS
Land	152,367	166,240
Buildings and improvements	446,703	514,226
Intangible lease assets	23,588	23,687
Construction in progress	5,767	12,941
Total investment in properties	628,425	717,094
Less accumulated depreciation and amortization	(117,097)	(145,043)
Net investment in properties	511,328	572,051
Net investment in real estate	511,328	572,051
Cash and cash equivalents				$ 4,128
Restricted cash	2,843	3,614
Deferred loan costs, net	342	392
Straight-line rent and other receivables, net	9,400	10,349
Other assets, net	4,197	4,162
Total assets	528,110	590,568
Liabilities:
Accounts payable and accrued expenses	18,003	18,634
Intercompany payables, net	100,579	136,240
Tenant prepaids and security deposits	3,709	5,146
Other liabilities	1,318	2,981
Intangible lease liabilities, net	3,751	3,773
Mortgage notes	241,646	229,682
Total liabilities	369,006	396,456
Equity/Partners' Capital:
Stockholders' equity	159,104	194,112
Total equity	159,104	194,112
Total liabilities and equity	$ 528,110	$ 590,568

Condensed Consolidated Financ58

Condensed Consolidated Financial Information (Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES:
Rental revenues	$ 88,092	$ 84,285	$ 264,269	$ 250,206
Institutional capital management and other fees	333	322	1,134	1,394
Total revenues	88,425	84,607	265,403	251,600
OPERATING EXPENSES:
Rental expenses	8,900	9,672	27,456	31,507
Real estate taxes	14,056	13,288	42,082	40,196
Real estate related depreciation and amortization	39,431	37,842	116,876	111,545
General and administrative	7,720	6,727	24,912	21,059
Impairment losses	371	900	371	5,635
Casualty and involuntary conversion gain		14		(326)
Total operating expenses	70,478	68,443	211,697	209,616
Operating income	17,947	16,164	53,706	41,984
OTHER INCOME (EXPENSE):
Gain on business combination				1,000
Equity in earnings of unconsolidated joint ventures, net	4,493	892	6,336	5,202
Interest expense	(13,078)	(16,078)	(40,591)	(48,316)
Interest and other income (expense)	(42)	1,577	(71)	1,582
Income tax benefit (expense) and other taxes	(241)	73	(712)	257
Development profit, net of taxes			2,627	2,016
Equity in earnings (loss) of unconsolidated joint ventures, net	4,493	892	6,336	5,202
Gain on dispositions of real estate interests		10,230	41,086	11,647
Income from continuing operations	9,079	12,858	62,381	15,372
Income from discontinued operations		352		5,576
Consolidated net income of DCT Industrial Trust Inc.	9,079	13,210	62,381	20,948
Net income attributable to noncontrolling interests	(622)	(801)	(6,882)	(1,421)
Net Income (loss) attributable to common stockholders/OP Unitholders	8,457	12,409	55,499	19,527
Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Adjusted net income attributable to common stockholders / OP Unitholders	8,291	12,238	54,989	19,020
Other comprehensive income (loss):
Net derivative gain (loss) on cash flow hedging instruments	(518)	135	(973)	(711)
Net reclassification adjustment on cash flow hedging instruments	1,155	1,163	3,466	3,491
Other comprehensive income	637	1,298	2,493	2,780
Comprehensive income	9,716	14,508	64,874	23,728
Comprehensive income attributable to noncontrolling interests	(576)	(881)	(6,930)	(1,659)
Comprehensive income attributable to common stockholders/OP Unitholders	9,140	13,627	57,944	22,069
Consolidating Adjustments [Member]
REVENUES:
Institutional capital management and other fees	(71)	(70)	(244)	(270)
Total revenues	(71)	(70)	(244)	(270)
OPERATING EXPENSES:
Operating income	(71)	(70)	(244)	(270)
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	71	70	244	220
Interest expense	400	550	1,200	1,868
Interest and other income (expense)	(400)	(550)	(1,200)	(1,868)
Development profit, net of taxes				50
Equity in earnings (loss) of unconsolidated joint ventures, net	71	70	244	220
Equity in earnings of consolidated subsidiaries	(29,196)	(41,505)	(163,651)	(89,011)
Consolidated net income of DCT Industrial Trust Inc.	(29,196)	(41,505)	(163,651)	(89,011)
Net income attributable to noncontrolling interests	(622)	(801)	(6,882)	(1,421)
Net Income (loss) attributable to common stockholders/OP Unitholders	(29,818)	(42,306)	(170,533)	(90,432)
Adjusted net income attributable to common stockholders / OP Unitholders	(29,818)	(42,306)	(170,533)	(90,432)
Other comprehensive income (loss):
Comprehensive income	(29,196)	(41,505)	(163,651)	(89,011)
Comprehensive income attributable to noncontrolling interests	(576)	(881)	(6,930)	(1,659)
Comprehensive income attributable to common stockholders/OP Unitholders	(29,772)	(42,386)	(170,581)	(90,670)
DCT Industrial Trust Inc. [Member]
OTHER INCOME (EXPENSE):
Equity in earnings of consolidated subsidiaries	8,457	12,409	55,499	19,527
Consolidated net income of DCT Industrial Trust Inc.	8,457	12,409	55,499	19,527
Net Income (loss) attributable to common stockholders/OP Unitholders	8,457	12,409	55,499	19,527
Adjusted net income attributable to common stockholders / OP Unitholders	8,457	12,409	55,499	19,527
Other comprehensive income (loss):
Comprehensive income	8,457	12,409	55,499	19,527
Comprehensive income attributable to common stockholders/OP Unitholders	8,457	12,409	55,499	19,527
Subsidiary Issuer [Member]
REVENUES:
Institutional capital management and other fees	25	25	73	479
Total revenues	25	25	73	479
OPERATING EXPENSES:
General and administrative	6,649	6,347	22,933	20,129
Total operating expenses	6,649	6,347	22,933	20,129
Operating income	(6,624)	(6,322)	(22,860)	(19,650)
OTHER INCOME (EXPENSE):
Gain on business combination				1,000
Equity in earnings of unconsolidated joint ventures, net	4,418	824	6,095	5,014
Interest expense	(9,937)	(12,493)	(31,339)	(37,626)
Interest and other income (expense)	410	2,156	1,219	3,480
Income tax benefit (expense) and other taxes	(171)	(160)	(450)	(296)
Equity in earnings (loss) of unconsolidated joint ventures, net	4,418	824	6,095	5,014
Gain on dispositions of real estate interests				1,175
Income from continuing operations	(11,904)	(15,995)	(47,335)	(46,903)
Equity in earnings of consolidated subsidiaries	20,757	29,057	105,513	67,466
Consolidated net income of DCT Industrial Trust Inc.	8,853	13,062	58,178	20,563
Net Income (loss) attributable to common stockholders/OP Unitholders	8,853	13,062	58,178	20,563
Distributed and undistributed earnings allocated to participating securities	(166)	(171)	(510)	(507)
Adjusted net income attributable to common stockholders / OP Unitholders	8,687	12,891	57,668	20,056
Other comprehensive income (loss):
Net derivative gain (loss) on cash flow hedging instruments	(300)	159	(718)	(360)
Net reclassification adjustment on cash flow hedging instruments	1,118	1,124	3,354	3,375
Other comprehensive income	818	1,283	2,636	3,015
Comprehensive income	9,671	14,345	60,814	23,578
Comprehensive income attributable to common stockholders/OP Unitholders	9,671	14,345	60,814	23,578
Subsidiary Guarantors [Member]
REVENUES:
Rental revenues	73,967	64,490	218,933	189,798
Total revenues	73,967	64,490	218,933	189,798
OPERATING EXPENSES:
Rental expenses	7,557	7,649	23,474	24,500
Real estate taxes	11,446	10,379	33,828	29,859
Real estate related depreciation and amortization	33,137	29,181	97,053	85,137
General and administrative	85	73	254	253
Impairment losses	371	201	371	201
Casualty and involuntary conversion gain		14		(326)
Total operating expenses	52,596	47,497	154,980	139,624
Operating income	21,371	16,993	63,953	50,174
OTHER INCOME (EXPENSE):
Equity in earnings of unconsolidated joint ventures, net	4	(2)	(3)	(32)
Interest expense	(751)	(1,317)	(2,123)	(4,051)
Interest and other income (expense)	(29)	(16)	(62)	(52)
Income tax benefit (expense) and other taxes	(48)	270	(218)	734
Equity in earnings (loss) of unconsolidated joint ventures, net	4	(2)	(3)	(32)
Income from continuing operations	20,548	15,928	61,547	46,773
Equity in earnings of consolidated subsidiaries	(18)	39	2,639	2,018
Consolidated net income of DCT Industrial Trust Inc.	20,529	15,967	64,186	48,791
Net Income (loss) attributable to common stockholders/OP Unitholders	20,529	15,967	64,186	48,791
Adjusted net income attributable to common stockholders / OP Unitholders	20,529	15,967	64,186	48,791
Other comprehensive income (loss):
Comprehensive income	20,529	15,967	64,186	48,791
Comprehensive income attributable to common stockholders/OP Unitholders	20,529	15,967	64,186	48,791
Non-Guarantor Subsidiaries [Member]
REVENUES:
Rental revenues	14,125	19,795	45,336	60,408
Institutional capital management and other fees	379	367	1,305	1,185
Total revenues	14,504	20,162	46,641	61,593
OPERATING EXPENSES:
Rental expenses	1,343	2,023	3,982	7,007
Real estate taxes	2,610	2,909	8,254	10,337
Real estate related depreciation and amortization	6,294	8,661	19,823	26,408
General and administrative	986	307	1,725	677
Impairment losses		699		5,434
Total operating expenses	11,233	14,599	33,784	49,863
Operating income	3,271	5,563	12,857	11,730
OTHER INCOME (EXPENSE):
Interest expense	(2,790)	(2,818)	(8,329)	(8,507)
Interest and other income (expense)	(23)	(13)	(28)	22
Income tax benefit (expense) and other taxes	(22)	(37)	(44)	(181)
Development profit, net of taxes			2,627	1,966
Gain on dispositions of real estate interests		10,230	41,086	10,472
Income from continuing operations	436	12,925	48,169	15,502
Income from discontinued operations		352		5,576
Consolidated net income of DCT Industrial Trust Inc.	436	13,277	48,169	21,078
Net Income (loss) attributable to common stockholders/OP Unitholders	436	13,277	48,169	21,078
Adjusted net income attributable to common stockholders / OP Unitholders	436	13,277	48,169	21,078
Other comprehensive income (loss):
Net derivative gain (loss) on cash flow hedging instruments	(218)	(24)	(255)	(351)
Net reclassification adjustment on cash flow hedging instruments	37	39	112	116
Other comprehensive income	(181)	15	(143)	(235)
Comprehensive income	255	13,292	48,026	20,843
Comprehensive income attributable to common stockholders/OP Unitholders	$ 255	$ 13,292	$ 48,026	$ 20,843

Condensed Consolidated Financ59

Condensed Consolidated Financial Information (Condensed Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$ 151,703	$ 129,109
INVESTING ACTIVITIES:
Real estate acquisitions	(154,833)	(257,098)
Capital expenditures and development activities	(162,538)	(134,865)
Proceeds from dispositions of real estate investments	136,128	126,160
Investments in unconsolidated joint ventures	(840)	(754)
Proceeds from casualties and involuntary conversion		604
Distributions of investments in unconsolidated joint ventures	9,488	17,043
Other investing activities	(2,510)	5,970
Net cash used in investing activities	(175,105)	(242,940)
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	210,000	135,000
Repayments of senior unsecured revolving line of credit	(61,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Principal payments on mortgage notes	(5,999)	(14,446)
Proceeds from issuance of common stock		105,015
Net settlement on issuance of stock-based compensation awards	(605)	(282)
Offering costs for issuance of common stock and OP Units		(1,392)
Redemption of noncontrolling interests	(1,714)	(800)
Dividends to common stockholders	(74,102)	(68,705)
Distributions to noncontrolling interests	(8,207)	(4,546)
Contributions from noncontrolling interests		101
Other financing activity	(2,819)	(14)
Net cash provided by financing activities	15,554	107,931
NET CHANGE IN CASH AND CASH EQUIVALENTS	(7,848)	(5,900)
CASH AND CASH EQUIVALENTS, beginning of period	19,631	32,226
CASH AND CASH EQUIVALENTS, end of period	11,783	26,326
Consolidating Adjustments [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	(2,760)	(4,853)
FINANCING ACTIVITIES:
Proceeds from issuance of common stock		(105,015)
Net settlement on issuance of stock-based compensation awards	605	282
Offering costs for issuance of common stock and OP Units		1,392
Net payments relating to intercompany financing	(74,707)	34,636
Dividends to common stockholders	74,102	68,705
NET CHANGE IN CASH AND CASH EQUIVALENTS	(2,760)	(4,853)
CASH AND CASH EQUIVALENTS, beginning of period	(112)
CASH AND CASH EQUIVALENTS, end of period	(2,872)	(4,853)
DCT Industrial Trust Inc. [Member]
FINANCING ACTIVITIES:
Proceeds from issuance of common stock		105,015
Net settlement on issuance of stock-based compensation awards	(605)	(282)
Offering costs for issuance of common stock and OP Units		(1,392)
Net payments relating to intercompany financing	74,707	(34,636)
Dividends to common stockholders	(74,102)	(68,705)
Subsidiary Issuer [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	(35,611)	(38,456)
INVESTING ACTIVITIES:
Proceeds from dispositions of real estate investments		1,988
Investments in unconsolidated joint ventures	(840)	(754)
Distributions of investments in unconsolidated joint ventures	9,488	17,043
Other investing activities	(2,298)	6,247
Net cash used in investing activities	6,350	24,524
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit	210,000	135,000
Repayments of senior unsecured revolving line of credit	(61,000)	(42,000)
Repayments of senior unsecured notes	(40,000)
Proceeds from issuance of common stock		105,015
Net settlement on issuance of stock-based compensation awards	(605)	(282)
Offering costs for issuance of common stock and OP Units		(1,392)
Net payments relating to intercompany financing	(1,635)	(115,365)
Redemption of noncontrolling interests	(1,714)	(800)
Dividends to common stockholders	(74,102)	(68,705)
Distributions to noncontrolling interests	(3,973)	(4,048)
Other financing activity	(2,819)	62
Net cash provided by financing activities	24,152	7,485
NET CHANGE IN CASH AND CASH EQUIVALENTS	(5,109)	(6,447)
CASH AND CASH EQUIVALENTS, beginning of period	19,743	28,098
CASH AND CASH EQUIVALENTS, end of period	14,634	21,651
Subsidiary Guarantors [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	160,226	128,652
INVESTING ACTIVITIES:
Real estate acquisitions	(123,496)	(208,309)
Capital expenditures and development activities	(155,788)	(121,028)
Proceeds from casualties and involuntary conversion		461
Other investing activities	6	6
Net cash used in investing activities	(279,278)	(328,870)
FINANCING ACTIVITIES:
Principal payments on mortgage notes	(415)	(4,532)
Net payments relating to intercompany financing	119,488	214,356
Other financing activity		(78)
Net cash provided by financing activities	119,073	209,746
NET CHANGE IN CASH AND CASH EQUIVALENTS	21	9,528
CASH AND CASH EQUIVALENTS, end of period	21	9,528
Non-Guarantor Subsidiaries [Member]
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	29,848	43,766
INVESTING ACTIVITIES:
Real estate acquisitions	(31,337)	(48,789)
Capital expenditures and development activities	(6,750)	(13,837)
Proceeds from dispositions of real estate investments	136,128	124,172
Proceeds from casualties and involuntary conversion		143
Other investing activities	(218)	(283)
Net cash used in investing activities	97,823	61,406
FINANCING ACTIVITIES:
Principal payments on mortgage notes	(5,584)	(9,914)
Net payments relating to intercompany financing	(117,853)	(98,991)
Distributions to noncontrolling interests	(4,234)	(498)
Contributions from noncontrolling interests		101
Other financing activity		2
Net cash provided by financing activities	$ (127,671)	(109,300)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(4,128)
CASH AND CASH EQUIVALENTS, beginning of period		$ 4,128