DCT Industrial Trust Inc. , the Denver, CO-based industrial real estate investment trust (“REIT”) announced the groundbreaking of DCT Arbor Avenue. This 796,000 square foot development with its locational advantage is likely to be accretive for the company, going forward.
Arbor Avenue, situated in the City of Tracy in San Joaquin County, in the Central Valley of Northern California, can be easily accessed from U.S. Interstate 205 and MacArthur Drive. Spread over an area of 39.6 acres, Arbor Avenue includes a cross-dock distribution building with clear height of at least 32 foot and a 195 foot secured truck courts. Slated to be completed in third-quarter 2017, it also includes more than 650 spots for auto parking and 118 positions for trailer parking.
DCT Industrial Trust is engaged in owning, operating and developing high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico.
Currently, DCT Industrial Trust has a Zacks Rank #2 (Buy). Over the past 30 days, the company’s second-quarter funds from operations (“FFO”) per share estimates have remained stable.
Investors interested in the REIT sector can consider other favorably-ranked stocks like Equity Commonwealth (EQC - Free Report) , CoreSite Realty Corporation (COR - Free Report) and W. P. Carey Inc. (WPC - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).
Note: Funds from operations, a widely accepted and reported measure of REITs performance, are derived by adding depreciation, amortization and other non-cash expenses to net income.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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DCT Industrial Trust Inc. , the Denver, CO-based industrial real estate investment trust (“REIT”) announced the groundbreaking of DCT Arbor Avenue. This 796,000 square foot development with its locational advantage is likely to be accretive for the company, going forward.
Arbor Avenue, situated in the City of Tracy in San Joaquin County, in the Central Valley of Northern California, can be easily accessed from U.S. Interstate 205 and MacArthur Drive. Spread over an area of 39.6 acres, Arbor Avenue includes a cross-dock distribution building with clear height of at least 32 foot and a 195 foot secured truck courts. Slated to be completed in third-quarter 2017, it also includes more than 650 spots for auto parking and 118 positions for trailer parking.
DCT Industrial Trust is engaged in owning, operating and developing high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico.
Currently, DCT Industrial Trust has a Zacks Rank #2 (Buy). Over the past 30 days, the company’s second-quarter funds from operations (“FFO”) per share estimates have remained stable.
Investors interested in the REIT sector can consider other favorably-ranked stocks like Equity Commonwealth (EQC - Free Report) , CoreSite Realty Corporation (COR - Free Report) and W. P. Carey Inc. (WPC - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).
Note: Funds from operations, a widely accepted and reported measure of REITs performance, are derived by adding depreciation, amortization and other non-cash expenses to net income.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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