Q3 2024 EPS Estimates for Dream Industrial REIT (TSE:DIR) Lowered by Analyst

Dream Industrial REIT (TSE:DIR) – Research analysts at Raymond James cut their Q3 2024 earnings estimates for shares of Dream Industrial REIT in a note issued to investors on Sunday, August 11th. Raymond James analyst B. Sturges now expects that the company will earn $0.25 per share for the quarter, down from their prior estimate of $0.26. Raymond James also issued estimates for Dream Industrial REIT’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.00 EPS, Q4 2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.29 EPS and FY2026 earnings at $1.18 EPS.

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

Dream Industrial REIT Price Performance

Dream Industrial REIT has a 52-week low of C$8.08 and a 52-week high of C$9.49.

Dream Industrial REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Wednesday, July 31st.

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.