Funds from operations (FFO) attributable to common stockholders and unitholders for the second quarter of 2009 totaled $25.3 million, or $0.12 per diluted share, compared with $32.3 million, or $0.15 per diluted share, reported for the second quarter or 2008. FFO for the six months ended June 30, 2009 was $58.7 million, or $0.28 per diluted share, compared with $62.6 million, or $0.30 per diluted share, reported for the six months ended June 30, 2008.

Net loss attributable to common stockholders for the second quarter of 2009 was $(4.0) million, or $(0.02) per diluted share, compared with net income attributable to common stockholders of $15.5 million, or $0.09 per diluted share, reported for the second quarter of 2008. Net loss attributable to common stockholders for the six months ended June 30, 2009 was $(0.2) million, or $0.00 per diluted share, compared with net income attributable to common stockholders of $15.9 million, or $0.09 per diluted share, for the six months ended June 30, 2008.

Second quarter 2009 net loss includes gains on the sale of real estate of $0.7 million, which compares to $16.7 million of gains on the sale of real estate included in second quarter 2008 net income, none of which was included in FFO.

"We were pleased to report financial and operating results that were in line with our prior projections despite a difficult economic environment," commented Phil Hawkins, Chief Executive Officer of DCT Industrial Trust. "Leasing activity continued to be solid in both our operating portfolio and development pipeline, and we remain very focused on leasing and occupancy as we expect market conditions to remain competitive through the balance of the year and into 2010."

Balance Sheet

In June 2009, DCT(TM) completed an equity offering of 27.6 million shares including the underwriters' exercise of their over-allotment option at a price per share of $4.25. Net proceeds to the company were approximately $112 million.

DCT's balance sheet remains strong, with consolidated net debt to book value of total assets (less cash and before depreciation and amortization) of 34.2% as of June 30, 2009, compared with 38.0% as of December 31, 2008. The Company's fixed charge coverage for the second quarter of 2009 was 2.7 times.

Operating Portfolio

As of June 30, 2009, DCT(TM) owned 373 consolidated operating properties, comprising 52.6 million square feet. Net operating income was $43.3 million in the second quarter of 2009, compared with $45.5 million reported for the second quarter of 2008.

DCT's consolidated operating portfolio occupancy was 87.4% as of June 30, 2009, compared with 89.8% as of March 31, 2009. Including an additional 15.0 million square feet of operating properties held in joint ventures, occupancy as of June 30, 2009 was 89.2%, compared with 91.4% as of March 31, 2009.

Second quarter 2009 same store net operating income declined 5.2% on a cash basis and 6.7% on a GAAP basis, excluding revenue from lease terminations, when compared to the same period last year. Average occupancy of same store properties was 87.9% for the quarter ended June 30, 2009, compared with 92.7% for the same period of 2008.

Leasing activity totaled 2.5 million square feet of leases signed during the second quarter, including 0.6 million square feet of development leases, flat when compared to first quarter 2009 leasing activity. Tenant retention was 56.9% for the second quarter of 2009 and 61.6% year to date, while rents on signed leases for which there was a prior tenant increased by 5.7% on a GAAP basis and 1.0% on a cash basis in the second quarter of 2009.

Development Leasing Activity

During the second quarter of 2009, Stirling Capital Investments, DCT's development joint venture at SCLA, leased 231,000 square feet to an industry leader in the design and manufacturing of high-quality plastic rigid containers. This tenant will take occupancy in the third quarter of 2009.

DCT also completed the lease-up of Logistics Way in Nashville by executing a 319,000 square foot lease with a national third-party logistics provider who took occupancy in July 2009.

As of June 30, 2009, DCT had 6.8 million square feet under development, which includes 1.9 million square feet in a 50-50 development joint venture, which was 22% leased.

Dividend

DCT Industrial Trust's Board of Directors has declared a $0.07 per share quarterly cash dividend, payable on October 16, 2009, to stockholders of record as of October 7, 2009. As previously announced, the dividend rate was reduced by $0.01 per share on a quarterly basis to reflect the issuance of 27.6 million shares of DCT Industrial common stock in June 2009.

Guidance

DCT narrowed guidance for 2009 FFO to $0.48 to $0.52 per diluted share and updated 2009 net income guidance to $(0.07) to $(0.03) per diluted share, which includes the $0.04 per share dilutive impact of the issuance of new common shares and gains of $0.02 per diluted share on the sale of land at SCLA.

Conference Call Information

DCT(TM) will host a conference call to discuss second quarter 2009 results and its recent business activities on Friday, August 7, 2009 at 11:00 a.m. Eastern time. Stockholders and interested parties may listen to a live broadcast of the conference call by dialing (800) 860-2442 or (412) 858-4600. A telephone replay will be available for one week following the call by dialing (877) 344-7529 or (412) 317-0088 and entering the passcode 431841. A live webcast and replay of the conference call will be available in the investor relations section of the DCT(TM) website at http://www.dctindustrial.com/.

Supplemental information will be available in the Investor Relations section of the Company's website at http://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 http://www.sec.gov/.

About DCT Industrial Trust

DCT Industrial Trust is a leading industrial real estate company that owns, operates and develops high-quality bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of June 30, 2009, the Company owned, managed or had under development 75.8 million square feet of assets leased to approximately 850 customers, including 14.6 million square feet managed on behalf of three institutional joint venture partners. Additional information is available at http://www.dctindustrial.com/.

                    DCT INDUSTRIAL TRUST INC.