National Bank Financial Weighs in on Dream Industrial REIT’s Q1 2024 Earnings (TSE:DIR)

Posted by AM Reporter Staff on Apr 27th, 2024

Dream Industrial REIT (TSE:DIR – Free Report) – Equities researchers at National Bank Financial issued their Q1 2024 earnings estimates for Dream Industrial REIT in a report released on Tuesday, April 23rd. National Bank Financial analyst M. Kornack expects that the company will post earnings per share of $0.25 for the quarter. National Bank Financial also issued estimates for Dream Industrial REIT’s FY2025 earnings at $1.10 EPS.

Dream Industrial REIT Stock Performance

Dream Industrial REIT has a one year low of C$8.08 and a one year high of C$9.49.

Dream Industrial REIT (TSE:DIR – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.27). The firm had revenue of C$110.92 million for the quarter.

Dream Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 annualized dividend and a dividend yield of ∞.

Dream Industrial REIT Company Profile

(Get Free Report)

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.