Dream Industrl Reit (TSE:DIR.UN) has released an update.
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Dream Industrial REIT showcased a solid financial performance for Q1 2024, reporting a steady Funds from Operations (FFO) of $0.24 per unit and a significant net income surge to $74.6 million, rebounding from a net loss in the previous year. The company also experienced growth in Comparative Properties Net Operating Income (CP NOI) by 7.1% and a modest increase in total assets and equity. Occupancy rates improved slightly to 96.4%, indicating a strong and stable portfolio.
For further insights into TSE:DIR.UN stock, check out TipRanks’ Stock Analysis page.
