WPT Industrial REIT (TSE:WIR) Declares $0.06 Monthly Dividend

WPT Industrial REIT (TSE:WIR) declared a monthly dividend on Monday, March 19th, Zacks reports. Stockholders of record on Thursday, March 29th will be given a dividend of 0.063 per share on Monday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Wednesday, March 28th.

TSE WIR traded down C$0.08 on Wednesday, reaching C$13.02. The company’s stock had a trading volume of 7,770 shares. WPT Industrial REIT has a 52 week low of C$13.02 and a 52 week high of C$13.10.

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WPT Industrial REIT (TSE:WIR) last posted its earnings results on Wednesday, March 7th. The company reported C$0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.28 by C($0.07). The business had revenue of C$28.46 million during the quarter. WPT Industrial REIT had a net margin of 33.67% and a return on equity of 6.00%.

Separately, National Bank Financial reiterated an “outperfrom under weight” rating on shares of WPT Industrial REIT in a research report on Monday, March 19th.

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WPT Industrial REIT Company Profile

WPT Industrial Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT is engaged in the business of acquiring and owning industrial investment properties located in the United States. Its objective is to provide Unitholders with an opportunity to invest in a portfolio of institutional-quality industrial properties in the United States markets, with a particular focus on distribution industrial real estate.

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