DCT Industrial Trust® (NYSE: DCT), a leading real estate company, today announced financial results for the quarter ending September 30, 2016. "DCT had a great third quarter highlighted by strong occupancy, rental rate and same-store NOI growth," said Phil Hawkins, President and CEO for DCT Industrial. "Leasing in our development pipeline continues to exceed expectations, reflecting the quality of our development projects which are located in high-demand submarkets. We continue to see strong, broad-based customer demand across all markets and industry verticals including e-commerce, consumer, auto and housing." Net income attributable to common stockholders ("Net Earnings") for Q3 2016 was $15.6 million, or $0.17 per diluted share, compared to $8.5 million, or $0.09 per diluted share, reported for Q3 2015, an increase of 88.9 percent per diluted share. Funds from operations ("FFO"), as adjusted, attributable to common stockholders and unitholders for Q3 2016 totaled $57.1 million, or $0.60 per diluted share, compared with $46.9 million, or $0.50 per diluted share for Q3 2015, a 20.0 percent increase. These results exclude $0.5 million of acquisition costs and a $1.0 million decrease in interest expense related to hedge ineffectiveness for the quarter ending September 30, 2016 and $0.5 million of acquisition costs for the quarter ending September 30, 2015. Property Results and Leasing Activity As of September 30, 2016, DCT Industrial owned 398 consolidated operating properties, totaling 64.7 million square feet, with occupancy of 96.2 percent, an increase of 60 basis points from Q2 2016 and an increase of 170 basis points over Q3 2015. On a same-portfolio basis, the impact of dispositions and placing developments into operations increased occupancy by 10 basis points. Approximately 829,000 square feet, or 1.3 percent of DCT Industrial's total consolidated portfolio was leased but not occupied at September 30, 2016, which does not take into consideration 733,000 square feet of leases in developments under construction or in pre-development.