Dream Industrial REIT (TSE:DIR – Free Report) – Equities researchers at Echelon Wealth Partners dropped their FY2024 earnings estimates for shares of Dream Industrial REIT in a note issued to investors on Wednesday, May 8th. Echelon Wealth Partners analyst D. Chrystal now anticipates that the company will post earnings of $1.01 per share for the year, down from their prior estimate of $1.03. Echelon Wealth Partners also issued estimates for Dream Industrial REIT’s Q4 2024 earnings at $0.26 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $1.08 EPS.
Dream Industrial REIT (TSE:DIR – Get Free Report) last released its 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 business had revenue of C$110.92 million for the quarter.
Dream Industrial REIT Stock Performance
Dream Industrial REIT Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of ∞.
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.
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