DCT Industrial Trust® Receives Rating Upgrade from Standard & Poor’s to BBB
29 November 2016 - 8:10AM
Business Wire
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.
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, the risks
and uncertainties detailed from time to time in the Company’s
filings with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20161128005933/en/
DCT Industrial TrustMelissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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