Dream Industrial REIT (TSE:DIR) Forecasted to Earn Q1 2024 Earnings of $0.25 Per Share

Dream Industrial REIT (TSE:DIR) – Equities researchers at National Bank Financial issued their Q1 2024 earnings per share estimates for Dream Industrial REIT in a research note issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack forecasts that the company will post earnings of $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 (TSE:DIR) 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 during the quarter.

Dream Industrial REIT Stock Performance

Dream Industrial REIT has a fifty-two week low of C$8.08 and a fifty-two week high of C$9.49.

Dream Industrial REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid 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 Monday, April 29th.

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.