DCT Industrial Trust Inc. (NYSE:DCT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
DCT Industrial Trust Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.11 in the quarter as EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 10.08% to $73.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DCT Industrial Trust Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $70.22 million.
Quoting Management: “2013 is off to a great start, building on the positive momentum created in 2012. We are making excellent progress across all elements of our business plan – leasing, acquisitions, development, asset sales and balance sheet management,” said Phil Hawkins, Chief Executive Officer of DCT Industrial. “Rents continue to improve and leasing activity remains steady across our markets. Additionally, our teams continue to execute with respect to external growth – our acquisitions and developments are creating significant value and further improving the quality and cash-flow growth potential of our portfolio.”
Key Stats (on next page)…