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Stock Market & Financial Investment News

News Breaks
January 22, 2013
16:12 EDTDCTDCT Industrial acquires 11 acre land parcel in Houston
DCT Industrial Trust announced significant expansion and progress in the Houston market. The Company purchased an 11 acre land parcel in the Northwest submarket of Houston. Located along the Sam Houston Parkway, the site has prime Beltway 8 frontage and is well-suited to attract customers requiring high visibility from the highway. The Company plans to commence construction in the first quarter of 2013 on DCT Beltway Tanner Business Park, a 133,000 square foot, rear-load, light-industrial facility. The project is scheduled for completion in the Q3.
News For DCT From The Last 14 Days
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October 30, 2014
16:46 EDTDCTDCT Industrial sees 2014 FFO $1.87-$1.92 vs. prior $1.84-$1.92
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16:45 EDTDCTDCT Industrial reports Q3 FFO 12c, consensus 12c
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October 28, 2014
16:32 EDTDCTDCT Industrial announces 1-for-4 reverse stock split
DCT Industrial Trust announced that its board approved a reverse stock split of the company’s outstanding shares of common stock at a ratio of 1-for-4. The reverse stock split is expected to take effect on November 17. Every four issued and outstanding shares of common stock will be converted into one share of common stock. As a result of the reverse stock split, the number of outstanding shares of common stock of the company will be reduced from approximately 338.1M to approximately 84.5M. The company expects that a corresponding adjustment will be made to its quarterly dividend. The amount of any future dividends payable by the company will be determined by and are at the discretion of the company’s board.
October 27, 2014
09:16 EDTDCTDCT Industrial announces disposition of 3.5M square foot Ohio portfolio
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