Dream Industrial REIT (TSE:DIR – Get Rating) – Equities researchers at Desjardins upped their Q2 2023 earnings per share estimates for shares of Dream Industrial REIT in a research note issued to investors on Wednesday, May 3rd. Desjardins analyst K. Stanley now expects that the company will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.24. Desjardins also issued estimates for Dream Industrial REIT’s FY2023 earnings at $1.00 EPS and FY2024 earnings at $1.07 EPS.
Separately, Echelon Wealth Partners restated a “buy” rating on shares of Dream Industrial REIT in a research note on Tuesday, April 18th.
Dream Industrial REIT Stock Performance
Dream Industrial REIT (TSE:DIR – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.35). The firm had revenue of C$98.87 million during the quarter.
Dream Industrial REIT Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 28th will be issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, April 27th.
Dream Industrial REIT Company Profile
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.
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