TSX:DIR.UNIndustrial REITs
Dream Industrial REIT (TSX:DIR.UN) Lifts Payout After FFO And NOI Gain
Dream Industrial Real Estate Investment Trust went into this earnings print with units at CA$14.41 and only a small move over the past month. The real story was not price action. It was a clean beat in the metric that matters most for an industrial REIT, with diluted Funds From Operations per unit at $0.28 and comparative property net operating income up 10.3% year over year.
The market saw a routine quarter. The results looked more like a sentiment check, capped by a 2.5% distribution...