FOR IMMEDIATE RELEASE:

Exhibit 99.1

DCT INDUSTRIAL TRUST® REPORTS

FIRST QUARTER 2015 RESULTS

FFO of $0.49 per Share

Consolidated Operating Occupancy of 95.3 Percent

Same-Store NOI Growth of 10.9 Percent on a Cash Basis and 7.2 Percent on a GAAP Basis

Rent Growth of 5.5 Percent on a Cash Basis and 14.3 Percent on a GAAP Basis

Since January 1, Acquired 1.6 Million Square Feet for $98.4 Million;

Sold 2.6 Million Square Feet for $113.0 Million

Stabilized 966,000 Square Feet of Development and Redevelopment at a Yield on Cost of

8.9 Percent; Signed Two Build-to-Suit Projects Totaling 1.4 Million Square Feet

DENVER, April 30, 2015 – DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, today announced financial results for the quarter ending March 31, 2015.

“DCT is off to a great start in 2015. We saw strong growth in rents and same-store NOI as our high-quality portfolio continues to perform very well. Our development and redevelopment program is also creating substantial value and progressing ahead of plan. We stabilized two development buildings and four redevelopment buildings totaling 966,000 square feet with projected costs of $72.9 million and an average yield on cost of 8.9 percent,” said Phil Hawkins, Chief Executive Officer for DCT Industrial. “We also signed two build-to-suit leases totaling 1.4 million square feet with construction commencing on both projects mid-year.”

Funds from operations, as adjusted, attributable to common stockholders and unitholders (“FFO”) for Q1 2015 totaled $45.7 million, or $0.49 per diluted share, compared with $39.0 million, or $0.45 per diluted share, for Q1 2014, an increase of 8.9 percent per diluted share. These results exclude $1.3 million and $0.7 million of acquisition costs for the quarters ending March 31, 2015 and 2014, respectively.

Net income attributable to common stockholders for Q1 2015 was $28.7 million, or $0.32 per diluted share, compared to $0.3 million, or $0.00 per diluted share, reported for Q1 2014.

Property Results and Leasing Activity

As of March 31, 2015, DCT Industrial owned 400 consolidated operating properties, totaling 61.9 million square feet, with occupancy of 95.3 percent, a decrease of 10 basis points over Q4 2014 and an increase of 250 basis points over Q1 2014. Approximately 0.6 million square feet, or 1.0 percent of DCT Industrial’s total consolidated portfolio was leased but not occupied at March 31, 2015.

In Q1 2015, the Company signed leases totaling 3.8 million square feet with rental rates increasing 14.3 percent on a GAAP basis and 5.5 percent on a cash basis, compared to the corresponding expiring leases.

Over the previous four quarters, rental rates on signed leases increased 11.5 percent on a GAAP basis and 4.4 percent on a cash basis. The Company’s tenant retention rate was 66.9 percent in Q1 2015. 

Net operating income (“NOI”) was $63.4 million in Q1 2015, compared with $57.0 million in Q1 2014. In Q1 2015, same-store NOI, excluding revenue from lease terminations, increased 7.2 percent on a GAAP basis and 10.9 percent on a cash basis, when compared to Q1 2014. Same-store occupancy averaged 94.5 percent in Q1 2015, an increase of 180 basis points over Q1 2014. Same-store occupancy as of March 31, 2015 was 94.8 percent.

Investment Activity

Acquisitions

Since January 1, 2015, DCT Industrial has acquired nine buildings for $98.4 million. Totaling 1.6 million square feet, these buildings were 80.8 percent occupied at the time of closing. The Company expects a year-one weighted-average cash yield of 3.7 percent and anticipates a weighted-average stabilized cash yield of 6.3 percent on the acquired assets.

The table below summarizes acquisitions since January 1, 2015:

¹ Anticipated yield represents year-one cash yield for stabilized acquisitions and projected stabilized cash yield for value-add acquisitions.

² Acquired with known year-one move-out and/or known vacancy.

³ Includes a 294,000 square foot building that is currently 394,000 square feet but will be reduced in size as part of a comprehensive    

  redevelopment of the asset. See Redevelopment section.

Development

Development highlights since January 1, 2015:

Redevelopment

Redevelopment highlights since January 1, 2015:

Dispositions

Since January 1, 2015, DCT Industrial has sold 10 buildings totaling 2.6 million square feet. This includes the previously announced sale of six of its eight assets in Memphis. These transactions generated total gross proceeds of $113.0 million and have an expected year-one weighted-average cash yield of 7.3 percent.

The table below summarizes the dispositions since January 1, 2015:

¹ Build-to-suit for sale

Capital Markets

In April, DCT Industrial amended and restated its senior unsecured bank facilities. The transaction increased the capacity under the Company’s revolving line of credit from $300 million to $400 million and extended its maturity date until April 2019 plus a one-year extension option. In addition, the maturity date of $125 million of the existing $225 million term loan was extended to April of 2020. Based on DCT Industrial’s current debt rating, the transaction also reduces DCT Industrial’s all-in drawn interest rate on the Company’s revolving line of credit by 20 basis points going forward and the interest rate on the Company’s term loans by 25 basis points.

Dividend

DCT Industrial’s Board of Directors has declared a $0.28 per share quarterly cash dividend, payable on July 15, 2015 to stockholders of record as of July 2, 2015.

Guidance

The Company raised and narrowed 2015 FFO guidance, as adjusted, to $1.90 to $2.00 per diluted share, up from $1.86 to $1.98 per diluted share. Additionally, net income attributable to common stockholders is expected to be between $0.56 and $0.66 per diluted share.

DCT Industrial’s guidance for 2015 includes the following assumptions:

The Company’s FFO guidance excludes acquisition costs.

Conference Call Information

DCT Industrial will host a conference call to discuss Q1 results on Friday, May 1, 2015 at 11:00 a.m. Eastern Time. Stockholders and interested parties may listen to a live broadcast of the conference call by dialing (877) 506-6112 or (412) 902-6686. A telephone replay will be available through Friday, May 15, 2015 and can be accessed by dialing (877) 344-7529 or (412) 317-0088 and entering the passcode 10063188. A live webcast of the conference call will be available in the Investors section of the DCT Industrial website at www.dctindustrial.com. A webcast replay will also be available shortly following the call until May 1, 2016.  

Supplemental information is available in the Investors section of the Company’s website at www.dctindustrial.com or by e-mail request at investorrelations@dctindustrial.com. Interested parties may also obtain supplemental information from the SEC’s website at www.sec.gov.

About DCT Industrial Trust®

DCT Industrial 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.  As of March 31, 2015, the Company owned interests in approximately 73.3 million square feet of properties leased to approximately 900 customers. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB- from Standard & Poor’s Rating Services. Additional information is available at www.dctindustrial.com.

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CONTACT:

Melissa Sachs

DCT Industrial Trust

303-597-2400

investorrelations@dctindustrial.com

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DCT INDUSTRIAL TRUST INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(in thousands, except share information)

DCT INDUSTRIAL TRUST INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(unaudited, in thousands, except per share information)

Reconciliation of Net Income Attributable to Common Stockholders to Funds from Operations

(unaudited, in thousands, except per share and unit data)

Guidance

The Company is providing the following guidance:

The following table shows the calculation of our Fixed Charge Coverage for the three months ended March 31, 2015 and 2014 (in thousands):

(1)    Includes amounts related to discontinued operations, when applicable.

The following table is a reconciliation of our reported income from continuing operations to our net operating income for the three months ended March 31, 2015 and 2014 (in thousands):

Financial Measures

Net operating income (“NOI”) is defined as rental revenues, including expense reimbursements, less rental expenses and real estate taxes, which excludes institutional capital management fees, depreciation, amortization, casualty gains, impairment, general and administrative expenses, equity in (earnings) loss of unconsolidated joint ventures,  interest expense, interest and other income and income tax expense and other taxes.  We consider NOI to be an appropriate supplemental performance measure because it reflects the operating performance of our properties and excludes certain items that are not considered to be controllable in connection with the management of the properties such as depreciation, amortization, impairment, general and administrative expenses, interest income and interest expense.  Additionally, lease termination revenue is excluded as it is not considered to be indicative of recurring operating income.  However those measures should not be viewed as alternative measures of our financial performance since they exclude expenses which could materially impact our results of operations.  Further, our NOI may not be comparable to that of other real estate companies, as they may use different methodologies for calculating NOI, same store NOI (excluding revenue from lease terminations), and cash basis same store NOI (excluding revenue from lease terminations).  Therefore, we believe net income (loss) attributable to common stockholders, as defined by GAAP, to be the most appropriate measure to evaluate our overall financial performance.

DCT Industrial believes that net income (loss) attributable to common stockholders, as defined by GAAP, is the most appropriate earnings measure.  However, DCT Industrial considers Funds from Operations (“FFO”), as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), to be a useful supplemental, non-GAAP measure of DCT Industrial’s operating performance.  NAREIT developed FFO as a relative measure of performance of an equity REIT in order to recognize that the value of income-producing real estate historically has not depreciated on the basis determined under GAAP.  FFO is generally defined as net income attributable to common stockholders, calculated in accordance with GAAP, plus real estate-related depreciation and amortization, less gains from dispositions of operating real estate held for investment purposes, plus impairment losses on depreciable real estate and impairments of in substance real estate investments in investees that are driven by measurable decreases in the fair value of the depreciable real estate held by the unconsolidated joint ventures and adjustments to derive DCT Industrial’s pro rata share of FFO of unconsolidated joint ventures.  We exclude gains and losses on business combinations and include the gains or losses from dispositions of properties which were acquired or developed with the intention to sell or contribute to an investment fund in our definition of FFO.  Although the NAREIT definition of FFO predates the guidance for accounting for gains and losses on business combinations, we believe that excluding such gains and losses is consistent with the key objective of FFO as a performance measure.  We also present FFO excluding acquisition costs, debt modification costs and impairment losses on properties which are not depreciable.  We believe that FFO excluding acquisition costs, debt modification costs and impairment losses on non-depreciable real estate is useful supplemental information regarding our operating performance as it provides a more meaningful and consistent comparison of our operating performance and allows investors to more easily compare our operating results.  Readers should note that FFO captures neither the changes in the value of DCT Industrial’s properties that result from use or market conditions, nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of DCT Industrial’s properties, all of which have real economic effect and could materially impact DCT Industrial’s results from operations. NAREIT’s definition of FFO is subject to interpretation, and modifications to the NAREIT definition of FFO are common. Accordingly, DCT Industrial’s FFO may not be comparable to other REITs’ FFO and FFO should be considered only as a supplement to net income (loss) as a measure of DCT Industrial’s performance.

DCT Industrial calculates our fixed charge coverage calculation based on adjusted EBITDA, which represents net income (loss) attributable to DCT common stockholders before interest, taxes, depreciation, amortization, stock-based compensation expense, noncontrolling interest, impairment losses, and proportionate share of interest, depreciation and amortization from unconsolidated joint ventures, and excludes non-FFO gains and losses on disposed assets and business combinations.  We use adjusted EBITDA to measure our operating performance and to provide investors relevant and useful information because it allows fixed income investors to view income from our operations on an unleveraged basis before the effects of non-cash items, such as depreciation and amortization and stock-based compensation expense, and irregular items, such as non-FFO gains or losses from the dispositions of real estate, impairment losses and gains and losses on business combinations.  

Forward-Looking Statements

We make statements in this report that are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which are usually identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions and includes statements regarding our anticipated yields.  We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of complying with those safe harbor provisions.  These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made.  Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved.  Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation: national, international, regional and local economic conditions, including, in particular, the strength of the United States economic recovery and global economic recovery; the general level of interest rates and the availability of capital; the competitive environment in which we operate; real estate risks, including fluctuations in real estate values and the general economic climate in local markets and competition for tenants in such markets; decreased rental rates or increasing vacancy rates; defaults on or non-renewal of leases by tenants; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with projections; the timing of acquisitions, dispositions and development; natural disasters such as fires, floods, tornadoes, hurricanes and earthquakes; energy costs; the terms of governmental regulations that affect us and interpretations of those regulations, including the cost of compliance with those regulations, changes in real estate and zoning laws and increases in real property tax rates; financing risks, including the risk that our cash flows from operations may be insufficient to meet required payments of principal, interest and other commitments; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; the consequences of future terrorist attacks or civil unrest; environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us; and other risks and uncertainties detailed in the section of our Form 10-K filed with the SEC and updated on Form 10-Q entitled “Risk Factors.” In addition, our current and continuing qualification as a real estate investment trust, or REIT, involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, or the Code, and depends on our ability to meet the various requirements imposed by the Code through actual operating results, distribution levels and diversity of stock ownership.  We assume no obligation to update publicly any forward looking statements, whether as a result of new information, future events or otherwise.