Dream Industrial Real Estate Investment Trust
DIR.UN
ISIN null / 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 (10.10.2025):
Dream Industrial Real Estate Investment Trust reported strong financial results for the second quarter of 2025, showcasing growth in funds from operations, net operating income, and occupancy rates. The REIT demonstrated disciplined capital allocation and strategic acquisitions, reinforcing its commitment to enhancing portfolio quality and driving long-term growth.
FFO Per Unit Growth
Diluted funds from operations per Unit increased by 4.1% to $0.26 in Q2 2025 compared to $0.25 in Q2 2024, reflecting strong operational performance.
Increase in Net Operating Income
Comparative properties net operating income rose by 5.0% to $100.3 million in Q2 2025, up from $95.5 million in Q2 2024, driven by higher rental income.
Enhanced Occupancy Rates
Committed occupancy reached 96.0% as of June 30, 2025, marking a 60 basis point increase from the previous quarter and from Q2 2024.
Strategic Acquisitions
The Trust closed over $80 million in acquisitions within its wholly-owned portfolio and $460 million through private ventures, adding significant gross leasable area and land to its portfolio.
Robust Leasing Activity
Over 3.3 million square feet of new leases and renewals were signed at an average rental spread of 20%, with substantial activity across Ontario, Québec, Western Canada, and Europe.
Net Rental Income Growth
Net rental income increased by 8.0% to $94.7 million in Q2 2025 compared to $87.7 million in Q2 2024, driven by growth across multiple regions.
Net Income Reduction
Net income decreased by 24.4% to $46.6 million in Q2 2025 from $61.6 million in Q2 2024, primarily due to fair value losses in investment properties and financial instruments.
Total Assets Expansion
Total assets grew by 1.8% to $8.3 billion as of June 30, 2025, supported by investments in joint ventures and development projects.
Capital Recycling Strategy
The Trust purchased 1,918,566 REIT Units under its NCIB program at an average price of $10.42 per Unit, continuing its strategy to optimize capital allocation.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2478 M
Market cap (USD)
427,315
Daily traded volume (Shares)
11.97 / 11.63
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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