Dream Industrial Real Estate Investment Trust

TSX:DIR.UN Stock Report

Market Cap: CA$3.4b

Dream Industrial Real Estate Investment Trust Past Earnings Performance

Past criteria checks 4/6

Dream Industrial Real Estate Investment Trust has been growing earnings at an average annual rate of 0.7%, while the Industrial REITs industry saw earnings growing at 16% annually. Revenues have been growing at an average rate of 19.4% per year. Dream Industrial Real Estate Investment Trust's return on equity is 3%, and it has net margins of 29.2%.

Key information

0.7%

Earnings growth rate

-9.3%

EPS growth rate

Industrial REITs Industry Growth14.4%
Revenue growth rate19.4%
Return on equity3.0%
Net Margin29.2%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Dream Industrial Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:DIR.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24484141350
30 Jun 24481178320
31 Mar 24481197320
31 Dec 23443104360
30 Sep 2342079360
30 Jun 23400154350
31 Mar 23390245310
31 Dec 22409706250
30 Sep 22425930230
30 Jun 22416967250
31 Mar 22372956290
31 Dec 21332608280
30 Sep 21287500260
30 Jun 21255411240
31 Mar 21245253220
31 Dec 20237200180
30 Sep 20227225150
30 Jun 20219151140
31 Mar 20209231120
31 Dec 19197177150
30 Sep 19187132140
30 Jun 19177162120
31 Mar 1916690130
31 Dec 18161143110
30 Sep 18164100110
30 Jun 1816780110
31 Mar 1817062100
31 Dec 1717335100
30 Sep 171716140
30 Jun 1717211140
31 Mar 1717418140
31 Dec 16175-3150
30 Sep 16176-8140
30 Jun 16177-6140
31 Mar 1617723130
31 Dec 1517735130
30 Sep 1517774100
30 Jun 1517481130
31 Mar 1516968130
31 Dec 1416668120
30 Sep 1416355110
30 Jun 141605380
31 Mar 141557080
31 Dec 131438470

Quality Earnings: DIR.UN has a large one-off loss of CA$59.6M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: DIR.UN's current net profit margins (29.2%) are higher than last year (18.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DIR.UN's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: DIR.UN's earnings growth over the past year (78.8%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: DIR.UN earnings growth over the past year (78.8%) exceeded the Industrial REITs industry 5.5%.

Return on Equity

High ROE: DIR.UN's Return on Equity (3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 08:55
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Dream Industrial Real Estate Investment Trust is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MarkidisBMO Capital Markets Equity Research
Pauline AlimchandaniBMO Capital Markets Equity Research
Heather KirkBMO Capital Markets Equity Research