DCT Industrial Q4 FFO Up - Quick Facts

(RTTNews) - DCT Industrial Trust Inc. (DCT) Thursday said fourth-quarter funds from operations, or FFO, increased to $36.06 million from $32.02 million in the same period last year. On a per-share basis, FFO was $0.11, flat with last year.

Adjusted FFO for the quarter was $38.0 million or $0.11 per share. On average, 13 analysts polled by Thomson Reuters expected the company to report FFO of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common stockholders totaled $13.9 million or $0.04 per share, compared to a loss of $0.8 million or $0.00 per share last year.

Revenues increased to $77.12 million from $64.28 million last year. Analysts expected revenues of $74.89 million.

Looking ahead to the fiscal year 2014, the company has forecast FFO in the range of $0.45 to $0.48 per share, with earnings ranging between $0.06 and $0.09 per share. Analysts currently expect full-year FFO of $0.47 per share.