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Dream Industrl REIT (TSE:DIR.UN)
TSX:DIR.UN
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.37Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 0.94%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Dream Industrial REIT demonstrated strong leasing activity and financial growth, particularly in North America, with significant progress in development and capital recycling initiatives. However, challenges in unplanned lease terminations and specific market fluctuations, particularly in Europe and Montreal, temper the overall positive outlook.Company Guidance
During the Dream Industrial REIT Fourth Quarter Conference Call for fiscal year 2024, held on February 19, 2025, the company provided a comprehensive guidance for the coming quarters. Dream Industrial REIT achieved a reduction in net debt-to-EBITDA from 7.7 times last year to 7 times in 2024. Despite dealing with 600,000 square feet of unplanned lease terminations, they experienced a growth in FFO per unit and free cash flow for the fourth consecutive year. The average in-place rents increased by 7% in 2024, contributing to a 4.6% growth in comparative properties NOI. The company signed over 7.3 million square feet of leases in 2024, with in-place and committed occupancy reaching 95.8% by year-end. Dream Industrial REIT also completed $261 million in acquisitions and $140 million in dispositions. For 2025, they anticipate CPNOI growth of 6% to 8% and FFO per unit growth of 6% to 9%, with expectations for continued robust performance into 2026. The company remains focused on enhancing its portfolio through strategic initiatives, including a growing development pipeline and value-add projects like solar and data center conversions.Record Lease Signing Volume
Dream Industrial REIT signed over 7.3 million square feet of leases in 2024, surpassing 2023's total leasing volume. The leasing momentum continued into Q1 2025 with close to 2 million square feet of new leases signed or in advanced negotiations.
Increased In-Place Rents and NOI Growth
Average in-place rents increased by 7% in 2024, contributing to comparative properties NOI growth of 4.6% for the full year.
Development Pipeline Progress
Substantial completion of four development projects at an average expected yield on cost of 6.3%, adding 1.6 million square feet of high-quality space.
Solid Financial Performance
Reported diluted FFO per unit of $0.26 for Q4 2024, a 5.8% increase from the prior year, with a full-year increase of 2%.
Successful Capital Recycling Program
Completed $261 million of acquisitions and $140 million of dispositions, with subsequent acquisitions of $400 million in the Dream Summit venture.
Strong Occupancy Rates
In-place and committed occupancy stood at 95.8% at year-end, with a 30 basis points increase from the prior quarter and a healthy 75% tenant retention ratio.
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TSE:DIR.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:DIR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | C$11.74 | C$11.79 | +0.43% |
| Nov 05, 2024 | C$13.17 | C$12.77 | -3.04% |
| Aug 06, 2024 | C$12.88 | C$12.58 | -2.33% |
| May 07, 2024 | C$12.29 | C$12.44 | +1.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dream Industrl REIT (TSE:DIR.UN) report earnings?
Dream Industrl REIT (TSE:DIR.UN) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Dream Industrl REIT (TSE:DIR.UN) earnings time?
Dream Industrl REIT (TSE:DIR.UN) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:DIR.UN EPS forecast?
Currently, no data Available
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