DCT Industrial Trust® Joins Other Leading Industrial REITs in Conforming Certain Non-GAAP Operating Metrics
Duck Creek Technologies, Inc. (DCT)
Last duck creek technologies, inc. earnings: 8/2 04:10 pm
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US:NYSE Investor Relations:
investors.dctindustrial.com/corporateprofile
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)-- DCT Industrial Trust® (the “Company”) (NYSE: DCT) today announced that a group of leading industrial real estate investment trusts, including, along with the Company, Duke Realty Corporation (DRE), EastGroup Properties (EGP), First Industrial Realty Trust, Inc. (FR), Liberty Property Trust (LPT), Prologis Inc. (PLD), and STAG Industrial, Inc. (STAG) (the “Industrial REIT Group”), has agreed on a consistent methodology to calculate various non-GAAP property operating metrics. These non-GAAP metrics include common methodologies for determining property stabilization and occupancy as well as reporting of comparative changes in rental rates and tenant retention rates. In addition, the Industrial REIT Group has agreed on the definition of the annual pool of properties (“Same-Store pool”) used in calculating Same-Store or same property net operating income growth (“Same-Store NOI”). Specifically,
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