DCT Industrial Trust Q3 FFO Rises - Quick Facts

(RTTNews) - DCT Industrial Trust Inc. (DCT) Thursday reported third-quarter funds from operations, or FFO, of $38.85 million or $0.12 per share, up from $28.11 million or $0.10 per share in the same period last year.

Adjusted FFO for the quarter was $39.3 million or $0.12 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

For the third-quarter, the company reported a loss of $10.2 million or $0.03 per share, compared to a profit of $7.5 million or $0.03 per share last year.

Revenues totaled $74.35 million, up from $61.66 million last year. Analysts expected revenues of $74.73 million.

For the fiscal 2013, the company has raised its FFO outlook to a range of $0.44 to $0.45 per share from its prior guidance range of $0.42 to $0.45 per share. Analysts currently expect full-year FFO of $0.44 per share.