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

Posted by ABMN Staff on Apr 27th, 2024

Dream Industrial REIT (TSE:DIR – Free Report) – Stock analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of Dream Industrial REIT in a report released on Tuesday, April 23rd. National Bank Financial analyst M. Kornack anticipates that the company will earn $0.25 per share 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 52 week low of C$8.08 and a 52 week high of C$9.49.

Dream Industrial REIT (TSE:DIR – Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.27). The company had revenue of C$110.92 million for the quarter.

Dream Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.058 per share. The ex-dividend date is Monday, April 29th. This represents a $0.70 annualized dividend and a 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.