Dream Industrial REIT (DIR) Set to Announce Earnings on Tuesday

Dream Industrial REIT (TSE:DIR) is set to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Dream Industrial REIT to post earnings of C$0.25 per share for the quarter.

Dream Industrial REIT (TSE:DIR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.26 EPS for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.01. The business had revenue of C$114.59 million during the quarter.

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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.058 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of ∞.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised shares of Dream Industrial REIT to a “strong-buy” rating in a research note on Monday, July 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.