DCT Industrial Operating Partnership LP (DCT) has reported 83.99 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $15.56 million, or $0.17 a share in the quarter, compared with $8.46 million, or $0.09 a share for the same period last year.    

Revenue during the quarter grew 13.40 percent to $100.27 million from $88.42 million in the previous year period.

Total expenses were $69.07 million for the quarter, down 1.99 percent or $1.41 million from year-ago period. Operating margin for the quarter expanded 1082 basis points over the previous year period to 31.12 percent.

Operating income for the quarter was $31.20 million, compared with $17.95 million in the previous year period.      

Revenue from real estate activities during the quarter increased 13.44 percent or $11.84 million to $99.93 million.

Other income during the quarter was $0.34 million, up 2.40 percent or $0.01 million from year-ago period.

"DCT had a great third quarter highlighted by strong occupancy, rental rate and same-store NOI growth,' said Phil Hawkins, president and chief executive officer for DCT Industrial. "Leasing in our development pipeline continues to exceed expectations, reflecting the quality of our development projects which are located in high-demand submarkets. We continue to see strong, broad-based customer demand across all markets and industry verticals including e-commerce, consumer, auto and housing."

Total assets stood at $3,724.17million as on Sep. 30, 2016. On the other hand, total liabilities were at $1,782.69 million as on Sep. 30, 2016.

Return on assets was at 0.86 percent in the quarter. At the same time, return on equity was at 0.80 percent in the quarter.

Total debt was at $1,555.64 million as on Sep. 30, 2016. Shareholders equity was at $1,941.47 million as on Sep. 30, 2016. Meanwhile, debt to equity ratio was at 0.80 percent in the quarter.