| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
REVENUES: | |||||||||
Rental revenues | |||||||||
423,026 | 391,360 | 353,091 | 334,787 | 286,218 | 236,839 | 211,536 | 208,716 | - | - |
Rental revenues | |||||||||
- | - | - | - | - | - | - | - | 219,860 | 243,059 |
Institutional capital management and other fees | |||||||||
1,442 | 1,416 | 1,606 | 1,739 | 2,787 | 4,059 | 4,291 | 4,133 | 2,701 | 2,923 |
Total revenues | |||||||||
424,468 | 392,776 | 354,697 | 336,526 | 289,005 | 240,898 | 215,827 | 212,849 | 222,561 | 245,982 |
OPERATING EXPENSES: | |||||||||
Rental expenses | |||||||||
37,865 | 36,797 | 35,995 | 40,520 | 35,977 | 30,298 | 28,931 | 29,790 | 29,781 | 29,863 |
Real estate taxes | |||||||||
65,135 | 60,020 | 56,219 | 53,790 | 44,048 | 36,092 | 32,436 | 32,828 | 31,910 | 33,871 |
Real estate related depreciation and amortization | |||||||||
168,245 | 161,334 | 156,010 | 148,992 | 130,002 | 109,993 | 103,333 | 100,416 | 99,583 | 114,167 |
General and administrative | |||||||||
28,994 | 29,280 | 34,577 | 29,079 | 28,010 | 25,763 | 25,251 | 25,262 | 29,224 | 21,799 |
Impairment losses | |||||||||
283 | 0 | 2,285 | 5,635 | - | - | - | - | - | - |
Casualty gain | |||||||||
274 | 2,753 | 414 | 328 | - | - | - | - | - | - |
Impairment losses | |||||||||
- | - | - | - | - | - | - | 4,100 | - | - |
Total operating expenses | |||||||||
300,248 | 284,678 | 284,672 | 277,688 | 237,741 | 200,972 | 189,951 | 192,396 | 190,498 | 204,014 |
Operating income | |||||||||
124,220 | 108,098 | 70,025 | 58,838 | 51,264 | 39,926 | 25,876 | 20,453 | 32,063 | 41,968 |
OTHER INCOME (EXPENSE): | |||||||||
Development profit, net of taxes | |||||||||
0 | 0 | 2,627 | 2,016 | 268 | 307 | - | - | - | - |
Equity in earnings of unconsolidated joint ventures, net | |||||||||
6,394 | 4,118 | 7,273 | 6,462 | 2,405 | 1,087 | -2,556 | -2,986 | 2,698 | 2,267 |
Gain on business combination | |||||||||
- | - | - | 1,000 | - | - | - | - | - | - |
Gain on dispositions of real estate interests | |||||||||
47,126 | 49,895 | 77,871 | 39,671 | - | - | - | - | - | - |
Impairment losses from investments in unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | 1,953 | 216 | 300 | - |
Impairment losses on investments in unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | - | - | - | 4,733 |
Loss on business combinations | |||||||||
- | - | - | - | - | - | - | 395 | 10,325 | - |
Interest expense | |||||||||
66,054 | 64,035 | 54,055 | 63,236 | 63,394 | 69,274 | 63,645 | 56,241 | 52,260 | 52,875 |
Other expense | |||||||||
-5 | 551 | -40 | 1,563 | 274 | 85 | - | - | - | - |
Casualty and involuntary conversion gain | |||||||||
- | - | - | - | 296 | - | - | - | - | - |
Casualty and involuntary conversion (gain) loss | |||||||||
- | - | - | - | - | 1,174 | - | - | - | - |
Impairment loss on land | |||||||||
938 | 0 | 0 | - | - | - | - | - | - | 4,314 |
Income tax expense and other taxes | |||||||||
2,267 | 591 | 736 | -217 | 68 | 671 | - | - | - | - |
Interest and other income (expense) | |||||||||
- | - | - | - | - | - | 93 | -356 | -1,916 | -1,258 |
Income tax benefit (expense) and other taxes | |||||||||
- | - | - | - | - | - | 132 | 918 | 1,617 | 825 |
Income tax expense and other taxes | |||||||||
- | - | - | - | - | - | - | 918 | 1,617 | 825 |
Consolidated net income of DCT Industrial Trust Inc. | |||||||||
108,476 | 98,036 | 102,965 | 46,531 | -9,251 | -28,540 | -42,503 | -39,947 | -27,825 | -12,940 |
Income from discontinued operations | |||||||||
- | - | - | 5,717 | 26,723 | 11,800 | 13,660 | -3,119 | 6,111 | 23,878 |
Income before gain on sale of real estate | |||||||||
- | - | - | - | - | - | - | -43,066 | -21,714 | 10,938 |
Gain on dispositions of real estate interests | |||||||||
- | - | - | - | - | - | - | 13 | 5 | 503 |
Consolidated net income | |||||||||
108,476 | 98,036 | 102,965 | 52,248 | 17,472 | -16,740 | -28,843 | -43,053 | -21,709 | 11,441 |
Net income attributable to noncontrolling interests | |||||||||
4,982 | 4,976 | 8,917 | 3,084 | 1,602 | -1,654 | -3,593 | -5,223 | -3,124 | 1,955 |
Net income attributable to common stockholders and OP unitholders | |||||||||
103,494 | 93,060 | 94,048 | 49,164 | 15,870 | -15,086 | -25,250 | -37,830 | -18,585 | 9,486 |
Distributed and undistributed earnings allocated to participating securities | |||||||||
665 | 669 | 678 | 677 | 692 | 524 | - | - | - | - |
Loss from continuing operations | |||||||||
- | - | - | - | - | - | - | - | - | -10,241 |
Income (loss) from discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 19,727 |
Adjusted net income attributable to Common Stockholders' and OP Unitholders | |||||||||
102,829 | 92,391 | 93,370 | 48,487 | 15,178 | -15,610 | - | - | - | 9,486 |
Distributed and undistributed earnings allocated to participating securities | |||||||||
- | - | - | - | - | - | 443 | 480 | 436 | - |
Adjusted net income attributable to common stockholders | |||||||||
- | - | - | - | - | - | -25,693 | -38,310 | -19,021 | - |
Income from continuing operations (in dollars per share) | |||||||||
- | - | - | 0.52 | -0.13 | -0.41 | - | - | - | -0.06 |
Income from discontinued operations (in dollars per share) | |||||||||
- | - | - | 0.06 | 0.33 | 0.17 | - | - | - | 0.11 |
Net income attributable to common stockholders (in dollars per share) | |||||||||
1.11 | 1.03 | 1.06 | 0.58 | 0.20 | -0.24 | - | - | - | 0.05 |
Income from continuing operations (in dollars per share) | |||||||||
- | - | - | 0.52 | -0.13 | -0.41 | - | - | - | - |
Income from discontinued operations (in dollars per share) | |||||||||
- | - | - | 0.06 | 0.33 | 0.17 | - | - | - | - |
Net income attributable to common stockholders (in dollars per share) | |||||||||
1.11 | 1.03 | 1.05 | 0.58 | 0.20 | -0.24 | - | - | - | - |
Loss from continuing operations | |||||||||
- | - | - | - | - | - | -0.16 | -0.17 | -0.13 | - |
Income (loss) from discontinued operations | |||||||||
- | - | - | - | - | - | 0.05 | -0.01 | 0.03 | - |
Net income (loss) attributable to common stockholders | |||||||||
- | - | - | - | - | - | -0.11 | -0.18 | -0.10 | - |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||||||||
Loss from continuing operations | |||||||||
- | - | - | - | - | - | - | - | - | -10,241 |
Income (loss) from discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 19,727 |
Net income (loss) attributable to common stockholders | |||||||||
- | - | - | - | - | - | - | - | - | 9,486 |
Basic (shares) | |||||||||
92,574 | 89,867 | 88,182 | 83,280 | 74,692 | 63,708 | - | - | - | 171,695 |
Diluted (shares) | |||||||||
92,688 | 89,982 | 88,514 | 83,572 | 74,692 | 63,708 | - | - | - | 171,695 |
Net loss attributable to common stockholders | |||||||||
103,494 | 93,060 | 94,048 | - | - | - | - | - | - | 9,486 |
Basic and diluted | |||||||||
- | - | - | - | - | - | 242,591 | 212,412 | 192,900 | - |