Saturday, January 06, 2007

DCT - DCT Industrial Trust
DCT is the symbol for Dividend Capital's recent IPO of its first (formerly) non-traded real estate investment trust. Dividend Capital syndicated the REIT in 2002 and 2003 at $10 per share. The stock since its IPO last month has traded over $11, off its IPO price of $12.25, but higher than the $10 investors paid. Not too bad. I will get more information on the dividend yield and estimate an overall return for investors, but I think this IPO has raised the bar for other sponsors of non-traded REITs by offering a successful liquidity event in such a short period of time.

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