Dream Industrial REIT (TSE:DIR) Forecasted to Post Q3 2019 Earnings of $0.19 Per Share

Dream Industrial REIT (TSE:DIR) – Desjardins cut their Q3 2019 earnings per share estimates for Dream Industrial REIT in a report issued on Wednesday, August 7th, according to Zacks Investment Research. Desjardins analyst M. Markidis now expects that the company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.20. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Dream Industrial REIT’s Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.78 EPS, FY2020 earnings at $0.81 EPS and FY2021 earnings at $0.86 EPS.

Separately, National Bank Financial reiterated an “outperfrom under weight” rating on shares of Dream Industrial REIT in a research report on Thursday, April 25th.

Dream Industrial REIT has a 1 year low of C$8.08 and a 1 year high of C$9.49.

Dream Industrial REIT (TSE:DIR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.61 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.41. The firm had revenue of C$49.80 million for the quarter.

About Dream Industrial REIT

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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