DCT Industrial Trust Inc.® Announces Investment Grade Ratings from Moody’s and Standard & Poor’s
September 24 2013 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, today announced it has received
investment-grade corporate ratings with stable outlooks from two
major U.S. ratings agencies. DCT Industrial received a Baa2 rating
from Moody’s Investors Service and a BBB- from Stand & Poor’s
Rating Services.
“We are very pleased to receive these investment-grade ratings.
Broadening our access to unsecured capital is an important
achievement as we continue to grow our business while maintaining a
strong and flexible balance sheet,” said Matt Murphy, DCT
Industrial’s Chief Financial Officer. “Access to the
investment-grade, unsecured markets reflects the quality of the
Company’s strategy, organization and portfolio.”
About DCT Industrial Trust
Inc.®
DCT Industrial Trust Inc. is a leading industrial real estate
company specializing in the acquisition, development, leasing and
management of bulk distribution and light industrial properties in
high-volume distribution markets in the U.S. and Mexico. As of June
30, 2013, the Company owned interests in approximately 74.9 million
square feet of properties leased to approximately 870 customers,
including 12.3 million square feet operated on behalf of four
institutional capital management partners.
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the Federal securities laws. You should exercise
caution in interpreting and relying on forward-looking statements
because they involve known and unknown risks, uncertainties and
other factors which are, in some cases, beyond the Company’s
control and could materially affect actual results, performance or
achievements. These factors include, without limitation, that the
closing of the aforementioned offering is subject to, among other
things standard closing conditions and customary rights of the
underwriters to terminate the purchase agreement due to any
material adverse change in the financial markets in the United
States or the international financial markets, any outbreak of
hostilities or escalation thereof or other calamity or crisis or
any change or development involving a prospective change in
national or international political, financial or economic
conditions, and other risks and uncertainties detailed from time to
time in the Company’s filings with the Securities and Exchange
Commission.
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DCT Industrial Trust Inc.Melissa Sachs, 303-597-2400VP
Corporate Communications & Investor
Relationsinvestorrelations@dctindustrial.com
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