2016 WAS ANOTHER OUTSTANDING AND SUCCESSFUL YEAR FOR DCT.
It was also an exciting year, as we celebrated the 10-year anniversary of our IPO. Our objective from the very beginning was to build a company with a portfolio of high-quality distribution assets that would consistently deliver top-tier operating performance and shareholder returns.
In 10 years, we dramatically transformed and enhanced our portfolio by selling $2.0 billion of assets, exiting 10 markets, including Mexico, and redeploying that capital into $1.9 billion of acquisitions and $1.1 billion of development. As a result, 62% of our current assets are new to the Company since our IPO and DCT now has a total market capitalization of $6.2 billion.