Dream Industrial REIT (DIR) Set to Announce Earnings on Tuesday

Dream Industrial REIT (TSE:DIR) is scheduled to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Dream Industrial REIT to post earnings of C$0.25 per share for the quarter.

Dream Industrial REIT (TSE:DIR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.25 by C$0.01. The firm had revenue of C$114.59 million during the quarter.

Dream Industrial REIT Price Performance

Dream Industrial REIT has a twelve month low of C$8.08 and a twelve month high of C$9.49.

Dream Industrial REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a $0.058 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.70 annualized dividend and a yield of ∞.

Wall Street Analysts Forecast Growth

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

About Dream Industrial REIT

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.