Jefferies Reviews DCT Industrial Trust's Q4 10 Earnings (DCT)

Jefferies is out with its report today on DCT Industrial Trust (NYSE: DCT), reviewing Q4 10 earnings.

In a note to clients, Jefferies writes, "DCT Industrial reported relatively in-line 4Q10 results and reiterated its 2011 FFO per share guidance range of $0.33-$0.38. Management appears to be more optimistic about the possibility of a sustained industrial real estate market recovery, but still expects negative 10% cash leasing spreads for 2011. We worry that even this may prove to be optimistic given the negative 14% cash leasing spreads posted in 4Q10."

Shares of DCT are trading pre-market at $5.40, down 2.88% from Monday's close.