DENVER – DCT Industrial Trust® (the “Company”) (NYSE: DCT), a leading real estate company, today announced that S&P Global Ratings raised its corporate credit rating and the issue-level rating on the Company’s senior unsecured notes to BBB from BBB- with a stable outlook.
The S&P Global Rating Research Update states DCT Industrial continues to strengthen the quality of its assets, exhibit strong operating performance, and improve its credit protection measures.
“We are very pleased with the upgraded rating from Standard & Poor’s,” said Matt Murphy, DCT Industrial’s Chief Financial Officer. “We are committed to investing in the financial position of the Company, and it is especially gratifying that this upgrade acknowledges what DCT Industrial has accomplished within multiple aspects of our business.”
About DCT Industrial Trust®
DCT Industrial is a leading real estate company specializing in the ownership, acquisition, development, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the U.S. DCT’s actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. As of September 30, 2016, the Company owned interests in approximately 73.5 million square feet of properties leased to approximately 900 customers. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB from S&P Global Ratings. Additional information is available at www.dctindustrial.com.