DCT Industrial Trust Inc. (DCT, Financial) filed Quarterly Report for the period ended 2010-03-31.
Dct Industrial Trust Inc. has a market cap of $1.13 billion; its shares were traded at around $5.4 with and P/S ratio of 4.6. The dividend yield of Dct Industrial Trust Inc. stocks is 5.2%. Dct Industrial Trust Inc. had an annual average earning growth of 9.5% over the past 5 years.DCT is in the portfolios of Chris Davis of Davis Selected Advisers, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors.
In January 2010, we repaid $42.0 million of $112.0 million of debt previously scheduled to mature in 2012. The remaining balance of $70.0 million was refinanced at a fixed rate of 6.11% with a new maturity of 2020 and a release of mortgages on five properties. In February 2010, we repaid $49.9 million of $102.9 million of debt previously scheduled to mature in 2011. The remaining balance of $53.0 million was refinanced at a fixed rate of 6.17% with a new maturity of 2019 and a release of mortgages on 11 properties. The debt repayments were funded borrowings under our credit facility and cash provided from operations.
Read the The complete Report
Dct Industrial Trust Inc. has a market cap of $1.13 billion; its shares were traded at around $5.4 with and P/S ratio of 4.6. The dividend yield of Dct Industrial Trust Inc. stocks is 5.2%. Dct Industrial Trust Inc. had an annual average earning growth of 9.5% over the past 5 years.DCT is in the portfolios of Chris Davis of Davis Selected Advisers, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors.
Highlight of Business Operations:
Further, while some constraints in the credit markets for the real estate sector remain due in part to the impact of declining property values over the past two years, we believe that financing is available through equity and debt capital to well capitalized real estate companies and that our sources of capital are adequate to meet our liquidity requirements. Although our $300.0 million senior unsecured term loan comes due in June 2010, it can be extended at our option for one year so that we would not have any significant debt maturities until December 2010 when our credit facility matures. As of March 31, 2010, we had $88.0 million of outstanding borrowings and $212.0 million available under our credit facility. These capital resources may be utilized in part to finance costs of leasing and maintaining our properties as discussed in Liquidity and Capital Resources as well as to pay down existing debt, fund equityholder distributions, and finance acquisitions. While we maintain hedges to manage a portion of our interest rate risk (for further discussion on our hedges, see Notes to Consolidated Financial Statements, Note 5 Financial Instruments and Hedging Activities), future debt refinancing will likely be at higher interest rates than existing rates on our borrowings due to the current market conditions. During 2010, we anticipate refinancing a portion of our debt maturities prior to their maturity date which will result in higher average interest rates over the existing rates.In January 2010, we repaid $42.0 million of $112.0 million of debt previously scheduled to mature in 2012. The remaining balance of $70.0 million was refinanced at a fixed rate of 6.11% with a new maturity of 2020 and a release of mortgages on five properties. In February 2010, we repaid $49.9 million of $102.9 million of debt previously scheduled to mature in 2011. The remaining balance of $53.0 million was refinanced at a fixed rate of 6.17% with a new maturity of 2019 and a release of mortgages on 11 properties. The debt repayments were funded borrowings under our credit facility and cash provided from operations.
Read the The complete Report
