National Bank Financial Weighs in on Dream Industrial REIT’s Q3 2018 Earnings (DIR)

Dream Industrial REIT (TSE:DIR) – Investment analysts at National Bank Financial issued their Q3 2018 EPS estimates for Dream Industrial REIT in a research note issued to investors on Wednesday, October 17th. National Bank Financial analyst M. Kornack anticipates that the company will earn $0.21 per share for the quarter. National Bank Financial also issued estimates for Dream Industrial REIT’s FY2018 earnings at $0.86 EPS and FY2019 earnings at $0.90 EPS.

Dream Industrial REIT (TSE:DIR) last posted its quarterly earnings results on Tuesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.07). Dream Industrial REIT had a net margin of 21.60% and a return on equity of 6.19%. The company had revenue of C$47.53 million for the quarter.

Separately, Desjardins reaffirmed a “buy” rating on shares of Dream Industrial REIT in a research note on Wednesday, July 4th.

Dream Industrial REIT stock opened at C$9.44 on Friday. 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 declared a monthly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 7.37%. The ex-dividend date was Thursday, September 27th.

About Dream Industrial REIT

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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Earnings History and Estimates for Dream Industrial REIT (TSE:DIR)

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