DCT Industrial Trust® Announces Closing of Public Offering of Common Stock

DENVER, Feb. 18, 2011 /PRNewswire/ -- DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, announced today that it closed its previously announced public offering of common stock. The Company sold a total of 21,850,000 shares of common stock in the offering, which included the full exercise of the over-allotment option by the underwriters.  The net proceeds to the Company from the offering, after underwriting discounts and commissions and estimated offering expenses, are approximately $111.3 million. The Company intends to use up to $95 million of net proceeds received from this offering to repay amounts outstanding under its senior unsecured revolving credit facility and the remaining net proceeds for general corporate purposes, including for future acquisitions.

BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities acted as the joint-book running managers for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Copies of the prospectus supplement and accompanying prospectus relating to these securities, when available, may be obtained from:

BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080 or by email at [email protected];

J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone 1-866-803-9204; or

Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, at 1-800-326-5897 or by email at [email protected].

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 December 31, 2010, the Company owned, managed or had under development 76.3 million square feet of assets leased to more than 840 customers, including 14.6 million square feet managed on behalf of three institutional joint venture partners.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Federal securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and could materially affect actual results, performance or achievements.  The application of the net proceeds of the offering is subject to numerous possible events, factors and conditions, many of which are beyond the control of the Company and not all of which are known to us, including, without limitation, market conditions, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE DCT Industrial Trust Inc.

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