Edgar Filing: DCT Industrial Trust Inc.

DCT INDUSTRIAL TRUST INC.

February 7, 2013

/s/ Philip L. Hawkins

Name: Philip L. Hawkins

Title: Chief Executive Officer

Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 7, 2013

DCT INDUSTRIAL TRUST INC.

(Exact name of registrant as specified in its charter)

Maryland

001-33201

82-0538520

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

518 17^th Street, Suite 800

Denver, CO 80202

(Address of principal executive offices)

(303) 597-2400

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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, 2011			March 31, 2012			June 30, 2012			September 30, 2012			December 31, 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, 2010			March 31, 2011			June 30, 2011			September 30, 2011			December 31, 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”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.