Dream Industrial REIT (TSE:DIR) Expected to Post Q2 2023 Earnings of $0.24 Per Share

Dream Industrial REIT (TSE:DIRGet Rating) – Analysts at Raymond James dropped their Q2 2023 earnings per share (EPS) estimates for shares of Dream Industrial REIT in a research note issued to investors on Tuesday, September 20th. Raymond James analyst B. Sturges now anticipates that the company will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.25.

Separately, Desjardins restated a “buy” rating on shares of Dream Industrial REIT in a research report on Friday, July 22nd.

Dream Industrial REIT Price 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:DIRGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported C$0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.41. The company had revenue of C$89.96 million during the quarter.

Dream Industrial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.70 dividend on an annualized basis and a yield of ∞.

About Dream Industrial REIT

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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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Earnings History and Estimates for Dream Industrial REIT (TSE:DIR)

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