DCT Industrial Trust Q2 FFO Rises - Quick Facts

(RTTNews) - DCT Industrial Trust Inc. (DCT) Thursday reported second-quarter funds from operations, or FFO, of $2.07 million, down from $2.39 million in the same period last year. On a per-share basis, FFO was $0.10 per share, flat with last year.

Adjusted FFO for the quarter was $33.6 million or $0.11 per share. On average, 12 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.

For the second quarter, the company reported profit of $10.8 million or $0.04 per share, compared to a loss of $15.8 million or $0.06 per share last year.

Net operating income improved to $51.7 million from $43.5 million last year.

Looking ahead, the company has narrowed its full-year adjusted FFO guidance to a range of $0.42 to $0.45 per share from its previous guidance range of $0.41 to $0.46 per share. Analysts currently expect full-year FFO of $0.44 per share.

Earnings is currently expected to range between $0.01 and $0.04 per share.