Dream Industrial Real Estate Investment Trust
DIR.UN
ISIN CA26153W1095 / Valor 24397999
Dream Industrial Real Estate Investment Trust
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About company
Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust that owns, manages, and operates a portfolio of 327 industrial assets totaling approximately 71.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. The company's goal is to deliver strong total returns to its unitholders through secure distributions, growth in net asset value, and cash flow per unit. Dream Industrial REIT's core strategy is to grow its portfolio of industrial properties across Canada, the U.S., and Europe by owning and operating high-quality industrial assets in markets with strong operating fundamentals and investing in industrial assets offering long-term cash flow and net asset value growth prospects.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Growth
Dream Industrial Real Estate Investment Trust reported a significant increase in revenue for Q2 2024. The total revenue for the quarter was $85 million, reflecting a 12% growth compared to the same period in the previous year. This growth was primarily driven by higher rental income and increased occupancy rates across their portfolio.
Net Income
For Q2 2024, Dream Industrial Real Estate Investment Trust achieved a net income of $45 million. This represents a 15% increase from Q2 2023. The rise in net income was attributed to improved operational efficiencies and cost management strategies implemented during the quarter.
Funds from Operations (FFO)
Dream Industrial Real Estate Investment Trust's Funds from Operations (FFO) for Q2 2024 stood at $50 million, up from $44 million in Q2 2023. The 13.6% increase in FFO indicates strong underlying performance and cash flow generation capabilities of the Trust's properties.
Dividends
In Q2 2024, Dream Industrial Real Estate Investment Trust declared a monthly distribution of $0.05833 per unit. The distributions are consistent with the previous quarter, reflecting the Trust's commitment to providing stable and predictable returns to its unitholders.
Outlook
Dream Industrial Real Estate Investment Trust remains optimistic about its growth prospects for the remainder of 2024. The Trust anticipates continued demand for industrial real estate, driven by e-commerce growth and supply chain reconfigurations. Management expects to maintain strong occupancy rates and rental growth, contributing to sustained financial performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2281 M
Market cap (USD)
785,139
Daily traded volume (Shares)
11.96 / 11.79
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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