Dream Industrial REIT (TSE:DIR) to Post Q2 2022 Earnings of $0.21 Per Share, Desjardins Forecasts

Dream Industrial REIT (TSE:DIR – Get Rating) – Equities research analysts at Desjardins lowered their Q2 2022 EPS estimates for Dream Industrial REIT in a research note issued to investors on Wednesday, May 4th. Desjardins analyst M. Markidis now forecasts that the company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.22. Desjardins also issued estimates for Dream Industrial REIT’s Q3 2022 earnings at $0.22 EPS.

Dream Industrial REIT (TSE:DIR – Get Rating) last issued its earnings results on Tuesday, February 15th. The company reported C$0.77 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.57. The business had revenue of C$79.29 million during the quarter.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Thursday, April 28th.

Dream Industrial REIT Company Profile (Get Rating)

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.

Further Reading