National Bank Financial Weighs in on TSE:DIR FY2024 Earnings

Posted by MarketBeat News on Nov 9th, 2024

Dream Industrial REIT (TSE:DIR – Free Report) – Investment analysts at National Bank Financial increased their FY2024 earnings estimates for shares of Dream Industrial REIT in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst M. Kornack now anticipates that the company will post earnings per share of $1.01 for the year, up from their previous forecast of $1.00.

Dream Industrial REIT (TSE:DIR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.04). The company had revenue of C$115.30 million for the quarter.

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Separately, Ventum Cap Mkts upgraded shares of Dream Industrial REIT to a “strong-buy” rating in a research report on Monday, July 29th.

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Dream Industrial REIT Stock Performance

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

Dream Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st 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 is Thursday, October 31st.

Dream Industrial REIT Company Profile

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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.