Dream Industrial REIT (TSE:DIR) – Stock analysts at Desjardins reduced their Q3 2018 EPS estimates for Dream Industrial REIT in a research report issued on Wednesday, August 8th. Desjardins analyst M. Markidis now forecasts that the company will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.23. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Dream Industrial REIT’s Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.85 EPS and FY2019 earnings at $0.89 EPS.
Dream Industrial REIT (TSE:DIR) last released its quarterly earnings data on Tuesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.07). The business had revenue of C$47.53 million for the quarter. Dream Industrial REIT had a return on equity of 6.19% and a net margin of 21.60%.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Monday, July 30th. This represents a $0.70 annualized dividend and a yield of 7.37%.
Dream Industrial REIT Company Profile
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.
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