DCT INDUSTRIAL TRUST INC. DCT Income Statement

Dct industrial trust inc. (DCT)

Income statement / Quarterly

Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
REVENUES:
Rental revenues
109,781	109,423	108,512	104,873	104,217	105,424	101,853	99,933	95,597	93,977	88,822	88,092	88,115	88,062	84,581	84,285	83,302	82,619	75,853	73,732	69,324	67,309	54,828	60,719	59,876	61,416	-	61,009	58,772	-	-	-	-	-	-	-
Rental revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,879	-	60,017	58,366	57,782	60,451	58,631
Institutional capital management and other fees
288	384	359	307	304	472	377	341	305	393	472	333	423	378	345	322	308	764	648	620	707	812	916	937	1,151	1,055	1,139	1,004	1,129	1,019	1,082	1,046	1,038	967	701	680
Total revenues
110,069	109,807	108,871	105,180	104,521	105,896	102,230	100,274	95,902	94,370	89,294	88,425	88,538	88,440	84,926	84,607	83,610	83,383	76,501	74,352	70,031	68,121	55,744	61,656	61,027	62,471	33,015	62,013	59,901	60,898	33,633	61,063	59,404	58,749	61,152	59,311
OPERATING EXPENSES:
Rental expenses
9,246	10,239	9,994	9,183	9,226	9,462	8,967	8,795	8,986	10,049	8,539	8,900	8,408	10,148	9,013	9,672	9,433	12,402	9,881	8,802	8,945	8,349	7,062	8,233	7,425	7,578	4,286	7,977	8,246	8,422	4,476	8,720	8,007	8,587	9,107	7,212
Real estate taxes
17,061	16,724	16,817	16,023	15,529	16,766	15,291	15,074	15,054	14,601	14,137	14,056	13,521	14,505	13,594	13,288	13,711	13,197	10,777	11,085	11,607	10,579	8,093	9,431	8,943	9,625	5,612	9,235	8,450	9,139	4,755	9,725	9,218	9,130	9,310	8,752
Real estate related depreciation and amortization
41,896	41,232	42,766	42,427	41,447	41,605	41,090	40,273	39,901	40,070	39,134	39,431	38,449	38,996	37,447	37,842	37,270	36,433	35,222	32,990	31,594	30,196	24,093	27,512	28,786	29,602	13,377	30,495	29,615	29,846	14,661	28,526	28,948	28,281	27,582	27,702
General and administrative
12,824	7,464	6,843	7,138	7,821	7,192	8,290	7,370	7,358	6,262	9,665	7,720	9,856	7,336	8,020	6,727	7,498	6,834	8,189	6,120	7,362	6,339	6,700	6,766	6,513	5,784	4,786	6,346	7,063	7,056	6,734	6,134	6,362	6,032	9,081	6,454
Impairment losses
-	-	-	-	-	-	-	-	-	-	-	371	-	-	0	900	376	4,359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty gain
-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty loss (gain)
240	5	-	0	0	-270	-	-2,440	162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty and involuntary conversion gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294	-58	59	-	1	57	83	-	-	-	-	-	-	0	-	-	-
Total operating expenses
81,267	75,664	76,699	74,771	74,023	74,755	73,163	69,072	71,461	70,982	72,975	70,478	70,234	70,985	68,072	68,443	67,948	73,225	64,068	58,703	59,566	55,404	44,914	51,942	51,610	52,506	28,061	54,053	53,374	54,463	30,170	53,105	57,091	52,030	55,080	50,120
Operating income
28,802	34,143	32,172	30,409	30,498	31,141	29,067	31,202	24,441	23,388	16,319	17,947	18,304	17,455	16,854	16,164	15,662	10,158	12,433	15,649	10,465	12,717	10,830	9,714	9,417	9,965	4,954	7,960	6,527	6,435	3,463	7,958	2,313	6,719	6,072	9,191
OTHER INCOME (EXPENSE):
Development profit, net of taxes
-	-	-	-	-	-	-	-	-	-	-	0	2,627	-	0	0	1,288	728	0	0	0	268	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated joint ventures, net
1,089	1,077	1,159	982	2,737	1,516	1,135	1,164	935	884	937	4,493	1,036	807	1,260	892	697	3,613	-	-	-	-	-	-	-	-	894	-967	-1,126	-1,357	-786	-1,293	-349	-558	-400	-1,615
Gain on dispositions of real estate interests
11,784	32,190	7,468	11,556	28,076	26	6,843	0	12,955	30,097	36,785	0	14,932	26,154	-	10,230	372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated joint ventures, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	759	571	391	-	1,208	430	-854	-	-	-	-	-	-	-	-	-	-
Gain on acquisitions and dispositions of real estate interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment losses from investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,934	-	-	-	0	-	-	-
Loss on business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	395	10,156	-
Interest expense
16,133	16,050	16,472	16,022	16,805	16,755	16,205	15,773	15,635	16,422	13,464	13,078	13,609	13,904	14,920	16,078	16,182	16,056	16,066	15,141	15,327	16,860	17,505	17,299	17,540	16,930	17,664	16,515	13,955	15,511	14,760	15,493	13,225	12,763	13,487	13,327
Other expense
-114	34	8	-1	-7	-5	-30	18	48	515	31	-42	-11	-18	-19	1,577	-23	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty loss
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty and involuntary conversion (gain) loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment loss on land
0	371	0	0	938	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,556	-	-	-
Income tax expense and other taxes
140	81	2,120	-56	69	134	81	222	172	116	24	241	278	193	40	-73	-241	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-82	-63	-162	-	-70	38	-197	-165	356	-13	-85	-245	-227	-353	469	-353	-767
Income tax benefit (expense) and other taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-60	323	109	-	24	287	268	27	-56	121	40	-137	235	582	238	470	661
Income tax expense and other taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	287	268	-	-56	121	40	-137	235	582	238	470	661
Consolidated net income of DCT Industrial Trust Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,159	12,858	2,055	459	-2,678	1,409	-4,551	-3,431	-6,301	-6,331	-8,018	-7,890	-11,697	-9,822	-10,596	-10,388	-11,917	-8,836	-11,490	-7,704	-18,088	-5,645
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	141	352	5,215	9	17,630	-12,192	16,218	5,067	5,671	14,592	-9,523	1,060	11,325	731	1,061	543	-976	-983	-628	-532	1,009	891
Income before gain on sale of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,667	-	-	-	-	-	-	-	-	-	-12,893	-9,819	-12,118	-8,236	-17,079	-4,754
Gain on dispositions of real estate interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3	0	16	24	-
Consolidated net income
25,288	50,942	22,215	26,980	43,492	15,789	20,729	16,389	22,572	38,346	40,584	9,079	23,001	30,301	31,300	13,210	7,270	468	14,952	-10,783	11,667	1,636	-630	8,261	-17,541	-6,830	-372	-9,091	-9,535	-9,845	-12,893	-9,822	-12,118	-8,220	-17,055	-4,754
Net income attributable to noncontrolling interests
1,172	2,119	1,095	1,199	1,858	830	1,038	829	1,154	1,955	2,035	622	4,704	1,556	1,663	801	469	151	1,013	-626	858	357	215	713	-1,756	-826	-209	-1,015	-1,060	-1,309	-1,697	-1,142	-1,387	-997	-2,472	-760
Net income attributable to common stockholders and OP unitholders
24,116	48,823	21,120	25,781	41,634	14,959	19,691	15,560	21,418	36,391	38,549	8,457	18,297	28,745	29,637	12,409	6,801	317	13,939	-10,157	10,809	1,279	-845	7,548	-15,785	-6,004	-163	-8,076	-8,475	-8,536	-11,196	-8,680	-10,731	-7,223	-14,583	-3,994
Distributed and undistributed earnings allocated to participating securities
191	271	183	159	162	161	172	163	106	228	168	166	201	143	170	171	170	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjusted net income attributable to Common Stockholders' and OP Unitholders
23,925	48,552	20,937	25,622	41,472	14,798	19,519	15,397	21,312	36,163	38,381	8,291	18,096	28,602	29,467	12,238	6,631	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,841	-	-	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	204,433	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,806	-10,173	-6,753	-15,477	-4,753
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-874	-558	-470	874	759
Distributed and undistributed earnings allocated to participating securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	174	173	-	134	137	128	95	103	127	118	-	124	-	-	-	-
Adjusted net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,330	10,635	1,106	-	7,414	-15,922	-6,132	-258	-8,179	-8,602	-8,654	-	-	-	-	-	-
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.35	0.15	0.02	0.00	-0.10	0.00	-0.02	-0.01	-	-0.02	-	-	-	-	-	-	-	-	-	-	-0.07	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.06	0.00	0.29	-0.03	0.06	0.01	-	0.05	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Gain (loss) on dispositions of real estate interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.32	0.35	0.15	0.08	0.00	0.19	-0.03	0.04	0.00	-	0.03	-	-	-	-	-	-	-	-	-	-	-0.07	-
NET EARNINGS PER COMMON SHARE:
Basic (in dollars per share)
0.25	0.52	-	0.28	0.45	0.16	-	0.17	0.24	0.41	-	0.09	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.35	0.15	0.02	0.00	-0.10	0.00	-0.02	-0.01	-	-0.02	-	-	-	-	-	-	-	-	-	-	-0.07	-0.02
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.06	0.00	0.29	-0.03	0.06	0.01	-	0.05	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Gain (loss) on dispositions of real estate interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.32	0.35	0.15	0.08	0.00	0.19	-0.03	0.04	0.00	-	0.03	-	-	-	-	-	-	-	-	-	-	-0.07	-
Diluted (in dollars per share)
0.25	0.52	-	0.28	0.45	0.16	-	0.17	0.24	0.41	-	0.09	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.03	-0.05	-0.03	-0.04	-0.04	-0.04	-0.04	-0.05	-0.04	-	-
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	0.00	0.05	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	-	-
Net income (loss) attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-0.03	0.00	-0.03	-0.04	-0.04	-0.05	-0.04	-0.05	-0.04	-	-
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (shares)
94,101	93,812	93,257	92,981	92,307	91,751	91,086	90,250	89,748	88,384	88,244	88,207	88,187	88,090	86,463	83,391	82,280	80,986	-578,040	304,768	290,977	281,063	-	253,657	-	-	-	-	-	-	-	-	-	-	-	183,783
Diluted (shares)
94,124	93,837	93,361	93,078	92,429	91,884	90,271	90,723	90,184	88,750	88,625	88,526	88,486	88,419	86,785	83,691	82,563	81,249	-578,945	305,673	290,977	281,063	-	253,657	-	-	-	-	-	-	-	-	-	-	-	183,783
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	248,107	246,367	-	245,805	-	-	-	-	-	-	-	-
Adjusted net loss attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,804	-	-	-	-
Gain (loss) on dispositions of real estate interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-
Net loss attributable to common stockholders
24,116	48,823	21,120	25,781	41,634	14,959	-	15,560	21,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,680	-10,731	-7,223	-14,583	-3,994
Distributions declared per common share (in dollars per share)
0.36	0.36	-	0.31	0.31	0.31	-	0.29	0.29	0.29	-	0.28	0.28	0.28	-	0.28	0.28	0.28	-	0.07	0.07	0.07	-	0.07	0.07	0.07	-	0.07	0.07	0.07	-	0.07	0.07	0.07	0.07	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	245,413	233,288	-	211,634	-	-	-	-