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Dream Industrial Real Estate Investment Trust

Dream Industrial Real Estate Investment Trust

13.17
CAD
+0.33
(+2.57%)
0.58EPS
24.08P/E
4.02BMarket Cap
Nov 03Next Earn
Dream Industrial Real Estate Investment Trust
TSX:DIR.UN
(Toronto Stock Exchange)

Recent

price

13.17

P/E

ratio

24.08

div

yld

4.49%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
- -
2.16
2.28
2.3
2.25
2.29
1.56
1.46
1.39
1.34
1.44
1.56
1.61
1.72
1.78
Revenue per Share
- -
1.27
0.93
0.46
-0.03
0.46
1.53
1.34
1.18
2.81
2.75
0.37
0.9
0.58
0.58
Basic EPS, GAAP
- -
0.75
0.64
0.65
0.51
0.69
0.62
0.81
0.76
0.59
0.28
0.41
0.52
1.03
0.72
Free Cash Flow per Basic Share
- -
0.47
0.48
0.47
0.46
0.48
0.43
0.41
0.57
0.48
0.53
0.48
0.49
0.49
0.59
Dividend per Share
6.24
8.04
10.83
10.69
9.95
9.48
9.42
11.57
11.02
14.96
17.35
15.96
16.25
16.28
16.39
Book Value per Share
5.55
7.55
10.22
10.69
9.95
9.48
9.42
11.57
11.02
14.96
17.35
15.96
16.25
16.28
16.39
Tangible Book Value per Share
36
66
73
77
78
75
103
134
169
216
257
280
289
292
291
Basic Weighted Avg Shares
- -
143
166
177
175
172
160
195
236
290
370
438
466
504
518
Sales/Revenue/Turnover
- -
62.39
60.46
60.18
59.16
60.66
63.24
63.78
63.11
66.05
66.89
67.96
68.09
68.57
68.09
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
3
3
4
5
6
Depreciation Expense
- -
84
68
35
-3
35
158
179
200
608
706
104
260
170
169
Net Income, GAAP
- -
1.36
1.92
0.75
- -
0.37
0.86
4.57
4.16
4.74
2.69
- -
3.62
- -
- -
Effective Tax Rate (%)
- -
58.75
40.9
19.88
-1.54
20.11
98.18
91.86
84.82
209.91
191
23.83
55.68
33.73
32.68
Profit Margin (%)
-115
-136
-158
-185
-103
-72
-107
335
73
17
-481
-570
-1,029
97
-665
Working Capital
555
728
778
751
781
776
861
953
1,131
2,019
2,137
2,549
2,110
2,683
2,263
LT Debt
326
571
629
627
591
712
989
1,560
1,905
3,499
4,453
4,575
4,731
4,792
4,716
Total Equity
- -
6.45
6.79
4.61
- -
6.81
5.6
5.27
4.83
3.51
3.87
- -
4.04
- -
- -
Return on Invested Capital (%)
- -
10.65
7.74
5.43
- -
5.32
11.53
9.99
8.51
14.76
11.9
- -
4.39
- -
- -
Return on Capital (%)
- -
18.72
11.34
5.61
-0.44
5.32
18.52
14.08
11.55
22.51
17.75
2.31
5.58
3.57
3.55
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
451
452
651
LT Borrowings
2,671
2,410
2,251
LT Finance Leases
12
12
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
294
289
288
Market Capitalization
3,702
3,572
4,025

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
920
485
315
Cash, Cash Equivalents & STI
41
36
198
Accounts Receivable, Net
21
69
68
Inventories
- -
- -
- -
Total Current Liabilities
823
760
980
Payables & Accruals
161
167
174
ST Debt
451
452
651
Deferred Revenue
47
34
33

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.18%
23.68%
1.28%
Free Cash Flow
26.98%
29.87%
99.56%
Net Income, GAAP
-86.69%
49.84%
-34.49%
Sales/Revenue/Turnover
11.64%
16.69%
8.16%
Total Cash Common Dividend
16.57%
8.91%
2.96%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
115
115
117
120
466
2025
121
125
- -
132
504
2026
130
131
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.21
0.05
0.38
0.9
2025
0.16
0.16
- -
0.1
0.58
2026
0.22
0.1
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.12
0.12
0.12
0.49
2025
0.12
0.12
- -
0.13
0.49
2026
0.17
0.17
- -
- -
- -
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Business
Dream Industrial Real Estate Investment Trust (DIR-UN.TO) is a Canada-based open-ended real estate investment trust that owns, manages and operates a global portfolio of well-located, high-quality industrial properties comprising distribution, urban logistics, light industrial, industrial outside storage, temperature-controlled facilities and development projects across key markets in Canada, Europe and the U.S.; as of September 30, 2025, the portfolio includes interests in 340 industrial assets totaling approximately 73.2 million square feet of gross leasable area. Headquartered in Toronto and founded in 2012 as a spin-off from Dream Office REIT, the Trust focuses on primary and secondary markets with strong fundamentals, targeting e-commerce, logistics and last-mile distribution tenants through its vertically integrated platform featuring global acquisition capabilities, active asset management, development and intensification, conservative financing and private capital partnerships including the Dream Summit joint venture with GIC and a U.S. industrial fund. In 2025, the Trust completed over $107 million in wholly-owned acquisitions such as properties in the Greater Toronto Area, Netherlands and Germany adding mid-bay industrial assets with yields exceeding 7% upon stabilization, alongside $460 million in private venture acquisitions; it signed 2.0 million square feet of leases at 28% average rental spreads since Q3, advanced solar and data centre power upgrades on multiple sites, and progressed developments like expansions in Balzac, Alberta and Cambridge, Ontario while pursuing over $150 million in dispositions for capital recycling.

Company News

Company News APIChatGPT

  • businesswire.com

    Dream Industrial REIT Announces October 2026 Monthly Distribution

  • businesswire.com

    Dream Industrial REIT Q3 2026 Financial Results Release Date, Webcast and Conference Call

  • businesswire.com

    Dream Industrial Real Estate Investment Trust Announces Offering of C$300 Million Senior Unsecured Debentures, Series I

  • businesswire.com

    Dream Industrial REIT Announces August 2026 Monthly Distribution

  • marketbeat.com

    Dream Industrial Real Estate Invest Trst Q2 Earnings Call Highlights

  • businesswire.com

    Dream Industrial REIT Reports Strong Q2 2026 Results and 2.5% Distribution Increase

  • businesswire.com

    Dream Industrial REIT Announces Entry Into U.K. Multi-Let Industrial Market and Growth of Strategic Private Ventures in Europe

  • businesswire.com

    Dream Industrial REIT Announces July 2026 Monthly Distribution

  • businesswire.com

    Dream Industrial REIT Q2 2026 Financial Results Release Date, Webcast and Conference Call

  • businesswire.com

    Dream Industrial REIT Announces June 2026 Monthly Distribution

  • businesswire.com

    Dream Industrial REIT Announces Voting Results of Annual and Special Meeting of Unitholders

  • businesswire.com

    Dream Industrial REIT Announces May 2026 Monthly Distribution

  • seekingalpha.com

    Dream Industrial Real Estate Investment Trust (DIR.UN:CA) Q1 2026 Earnings Call Transcript

  • businesswire.com

    Dream Industrial REIT Reports Q1 2026 Results With 9% Comparative Properties Net Operating Income and 7% Net Rental Income Growth

  • businesswire.com

    Dream Industrial Real Estate Investment Trust Completes Offering of C$200 Million Senior Unsecured Debentures, Series H

  • businesswire.com

    Dream Industrial REIT Q1 2026 Financial Results Release Date, Webcast and Conference Call

  • businesswire.com

    Dream Industrial Real Estate Investment Trust Announces Offering of C$200 Million Senior Unsecured Debentures, Series H

  • businesswire.com

    Dream Industrial REIT Announces March 2026 Monthly Distribution

  • businesswire.com

    Dream Industrial REIT Renews Normal Course Issuer Bid and Automatic Securities Purchase Plan

  • seekingalpha.com

    Dream Industrial Real Estate Investment Trust (DIR.UN:CA) Q4 2025 Earnings Call Transcript