DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, today announced leasing results for April and May totaling 3.5 million square feet in its consolidated portfolio. This includes 1.3 million square feet of new leases and expansions, 2.0 million square feet of renewals and a 179,000-square-foot lease in its development portfolio. At the end of May, the Company’s consolidated operating portfolio was 90.8 percent occupied, up from 90.1 percent occupied as of March 31, 2012. In addition, 1.4 percent of DCT Industrial’s consolidated operating portfolio was leased but not yet occupied.
“We are very pleased with our leasing in April and May, and we have an encouraging pipeline of leases currently under negotiation,” said Phil Hawkins, President and Chief Executive Officer of DCT Industrial. “That being said, we are also mindful of the current economic uncertainty and would not be surprised if leasing activity slows somewhat in the second half of the year.”
About DCT Industrial Trust Inc.®
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 in high-volume distribution markets in the U.S. and Mexico. As of March 31, 2012, the Company owned interests in approximately 75.4 million square feet of properties leased to approximately 900 customers, including 17.2 million square feet operated on behalf of five institutional capital management partners. Additional information is available at www.dctindustrial.com.