DCT Industrial Trust

What DCT Industrial Trust does

DCT Industrial Trust was a U.S.-based industrial real estate investment trust that owned, operated, developed and leased bulk distribution assets in logistics markets. The company operated as a single-purpose industrial REIT with a horizontal focus on logistics and distribution customers requiring high-quality warehouse and distribution facilities. Its core offering was the ownership and leasing of distribution properties, with functions spanning acquisition, development and ongoing asset management for tenants in the supply chain and logistics sector.

Founded in 2002 and headquartered in Denver, Colorado, DCT was listed on the NYSE under the ticker DCT and built a 16-year operating history in industrial real estate before its acquisition. The company employed 51-100 staff and operated from a Denver base. Its revenue model, consistent with REIT structures, was the leasing of owned industrial properties to logistics and distribution tenants, with pricing tied to property-level lease terms, square footage, and prevailing market conditions.

The defining corporate event was the April 2018 announcement and August 22, 2018 closing of DCT's acquisition by Prologis, Inc., the global leader in logistics real estate. Following completion of the transaction, DCT became part of Prologis and the DCT corporate website was decommissioned. No additional product, technology, customer segment, or geographic expansion signals are documented in the source material beyond this acquisition event.

Name

DCT Industrial Trust

Legal name

DCT Industrial Trust

Website

https://dctindustrial.com

Company type

Private

Founded year

2002

Operating status

Acquired

Headcount range

51–100 employees

Short description

DCT Industrial Trust was a Denver-based, NYSE-listed industrial REIT that owned, developed, acquired and leased high-quality bulk distribution properties for logistics and distribution companies, operating from 2002 until its August 2018 acquisition by Prologis, Inc.

Ownership category

akta.pro rank

Product category

Industrial Real Estate

NAICS

General Warehousing and Storage (49311)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Regional Hub / National Hub Distribution Centers (Multi-node Network Hubs) (TLALAEAN)

Keywords

• Industrial real estate
• Logistics real estate
• Distribution facilities
• Warehouse leasing
• Bulk distribution

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Core offering

DCT Industrial Trust was an industrial real estate company that owned, operated, acquired, and developed bulk distribution and warehouse facilities in U.S. logistics markets. The company leased high-quality distribution assets to logistics and distribution companies, operating as a publicly traded REIT for approximately 16 years before being acquired by Prologis, Inc. in August 2018.

Product overview

DCT Industrial Trust was a single-purpose industrial real estate company offering integrated services for the ownership, development, acquisition, and leasing of distribution assets. The company operated as a unified real estate services offering rather than a platform with modular products. Following its acquisition by Prologis in August 2018, the company ceased independent operations and the website was decommissioned.

Differentiator

Problem solved

Functional benefit

Products and services

• DCT Industrial Trust - Industrial Distribution Properties

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Direct peers

• Rexford Industrial Realty: Rexford Industrial is a publicly traded REIT focused on industrial properties in Southern California's infill logistics markets. Its concentration on high-quality distribution assets serving last-mile and logistics tenants is comparable to DCT's profile.
• Liberty Property Trust: Liberty Property Trust was a publicly traded REIT with a substantial industrial portfolio of bulk distribution and warehouse properties, directly competing with DCT for institutional logistics tenants before being acquired by Prologis in 2020.
• EastGroup Properties: EastGroup Properties is a publicly traded REIT specializing in industrial properties, particularly bulk distribution and warehouse facilities in Sunbelt markets. It directly competes with DCT in the institutional industrial leasing market with a similar multi-tenant logistics strategy.
• First Industrial Realty Trust: First Industrial is a publicly traded REIT focused on industrial real estate, including bulk distribution and warehouse logistics facilities across the U.S. Its target customer base, asset class focus, and operating model closely align with DCT's prior standing.
• Duke Realty Corporation: Duke Realty was a large publicly traded industrial REIT focused on bulk distribution and logistics properties across the U.S. It operated in the same sub-sector and customer base as DCT, competing directly for institutional logistics tenants and pursuing a similar publicly traded REIT strategy (later acquired by Prologis in 2022).
• STAG Industrial: STAG Industrial is a publicly traded REIT that owns and operates a large portfolio of industrial properties, with a focus on single-tenant distribution and warehouse facilities. Its asset strategy and tenant profile overlap materially with DCT's bulk distribution focus.
• Prologis, Inc. Prologis is the global leader in logistics real estate and acquired DCT in 2018. It operates a multi-national portfolio of high-quality distribution facilities serving the same institutional logistics tenant base, making it the closest direct peer and ultimate acquirer of DCT's platform.
• PS Business Parks: PS Business Parks operated a portfolio of industrial and flex properties serving business tenants. While more flex-oriented, it competed with DCT in select industrial sub-markets with similar distribution-oriented assets.
• Terreno Realty Corporation: Terreno Realty is a publicly traded REIT focused on industrial real estate in six major coastal U.S. markets. Its narrow specialization in distribution and warehouse assets serving logistics tenants closely mirrors DCT's business strategy.

Broad incumbents

• Americold Realty Trust: Americold is the largest publicly traded REIT focused on temperature-controlled (cold storage) warehouses serving the food supply chain. While operating in a different storage sub-segment, it is comparable as a specialized industrial REIT serving logistics tenants and was active in the same broader sector as DCT.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/80447

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DCT Industrial Trust