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DCT > SEC Filings for DCT > Form 8-K on 7-Feb-2013All Recent SEC Filings

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Form 8-K for DCT INDUSTRIAL TRUST INC.


7-Feb-2013

Results of Operations and Financial Condition, Financial Statements and


Item 2.02 Results of Operations and Financial Condition.

On February 7, 2013, we issued a press release entitled "DCT INDUSTRIAL TRUST INC. REPORTS FOURTH QUARTER AND 2012 FULL-YEAR RESULTS" which sets forth disclosure regarding our results of operations for the fourth quarter ended December 31, 2012. A copy of this press release as well as a copy of the supplemental information referred to in the press release are made available on our website and are attached hereto as Exhibits 99.1 and 99.2 and incorporated herein by reference. This Item 2.02 and the attached exhibits 99.1 and 99.2 are provided under Item 2.02 of Form 8-K and are furnished to, and shall not be deemed to be "filed" with, the Securities and Exchange Commission.

DCT Industrial Trust Inc. will hold its fourth quarter 2012 earnings conference call on Friday, February 8, 2013 at 11:00 a.m. Eastern time. You may join the conference call through a live Internet webcast via DCT Industrial's website at http://www.dctindustrial.com by clicking on the webcast link in the Investors section of the website. Alternatively, you may join the conference call by telephone by dialing (888) 317-6016 or (412) 317-6016. If you are unable to join the live conference call, you may access the webcast replay on DCT Industrial's website until February 8, 2014. A telephone replay will be available through 9
a.m. Eastern Time, Friday, February 22, 2013 following the call by dialing
(877) 344-7529 or (412) 317-0088 and using the passcode 10023617. Please note that the full text of the press release and supplemental schedules are available through DCT Industrial's website at http://www.dctindustrial.com. The information contained on DCT Industrial's website is not incorporated by reference herein.

Set forth below are several non-GAAP financial measures that are included in the attached press release together with the most directly comparable GAAP financial measure.

For the three months ended December 31, 2012, Net Loss Attributable to Common Stockholders was $0.8 million, or $0.00 per diluted common share. In our press release referred to above, we disclose Funds From Operations, or FFO, as defined by the National Association of Real Estate Investment Trusts ("NAREIT"), as adjusted for acquisition costs, to be $33.0 million, or $0.11 per diluted common share and unit for the three months ended December 31, 2012. For the three months ended December 31, 2011, Net Loss Attributable to Common Stockholders was $0.2 million, or $0.00 per diluted common share. For the three months ended December 31, 2011, FFO, as adjusted for acquisition costs was $30.0 million, or $0.11 per diluted common share and unit.

For the year ended December 31, 2012, Net Loss Attributable to Common Stockholders was $15.1 million, or $0.06 per diluted common share. FFO, as adjusted for acquisition costs was $118.1 million, or $0.42 per diluted common share and unit for the year ended December 31, 2012. For the year ended December 31, 2011, Net Loss Attributable to Common Stockholders was $25.3 million, or $0.11 per diluted common share. For the year ended December 31, 2011, FFO, as adjusted for acquisition costs was $106.7 million, or $0.40 per diluted common share and unit.

The table below provides the change in our loss from continuing operations during the periods presented in our press release and supplemental information; amounts are not restated for current period discontinued operations (in thousands):

Consolidated operating data, as previously reported, for the three months ended:

                                         December 31,               March 31,                June 30,              September 30,          December 31,
                                             2011                     2012                     2012                     2012                  2012
Loss from continuing operations         $        (4,872 )        $        (6,916 )        $        (6,850 )        $       (4,645 )      $       (2,183 )

                                                       Consolidated operating data, as previously reported, for the  three months ended:
                                         December 31,               March 31,                June 30,              September 30,          December 31,
                                             2010                     2011                     2011                     2011                  2011
Loss from continuing operations         $       (12,628 )        $       (10,388 )        $       (10,596 )        $       (9,822 )      $       (4,872 )

Change in loss from continuing
operations                                         61.4 %                   33.4 %                   35.4 %                  52.7 %                55.2 %



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number         Description

99.1                   Press release dated February 7, 2013 and entitled "DCT
                       INDUSTRIAL TRUST INC. REPORTS FOURTH QUARTER AND 2012
                       FULL-YEAR RESULTS"

99.2                   Supplemental information entitled "DCT INDUSTRIAL FOURTH
                       QUARTER 2012 SUPPLEMENTAL REPORTING PACKAGE"


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