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 Standard & 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.
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.