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Dream Industrial Real Estate Investment Trust TSX:DIR.UN Stock Report

Last Price

CA$10.86

Market Cap

CA$3.2b

7D

3.0%

1Y

-16.1%

Updated

20 May, 2025

Data

Company Financials +

Dream Industrial Real Estate Investment Trust

TSX:DIR.UN Stock Report

Market Cap: CA$3.2b

DIR.UN Stock Overview

Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. More details

DIR.UN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends5/6

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Dream Industrial Real Estate Investment Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for Dream Industrial Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$10.86
52 Week HighCA$14.65
52 Week LowCA$9.48
Beta1.15
1 Month Change3.33%
3 Month Change-9.12%
1 Year Change-16.07%
3 Year Change-21.81%
5 Year Change5.23%
Change since IPO-0.37%

Recent News & Updates

Recent updates

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Canadian Lease Renewals Will Capitalize On 35% Market Rent Spreads

Strong leasing momentum and high market rent spreads could drive revenue growth through new leases and renewal upside potential.

Shareholder Returns

DIR.UNCA Industrial REITsCA Market
7D3.0%0.3%1.5%
1Y-16.1%-4.7%10.2%

Return vs Industry: DIR.UN underperformed the Canadian Industrial REITs industry which returned -4.7% over the past year.

Return vs Market: DIR.UN underperformed the Canadian Market which returned 10.2% over the past year.

Price Volatility

Is DIR.UN's price volatile compared to industry and market?
DIR.UN volatility
DIR.UN Average Weekly Movement4.5%
Industrial REITs Industry Average Movement5.0%
Market Average Movement9.6%
10% most volatile stocks in CA Market17.9%
10% least volatile stocks in CA Market4.1%

Stable Share Price: DIR.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: DIR.UN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aAlex Sannikovwww.dreamindustrialreit.ca

Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. As at March 31, 2025, the REIT has an interest in and manages a portfolio which comprises 336 industrial assets (549 buildings) totalling approximately 72.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. The REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet.

Dream Industrial Real Estate Investment Trust Fundamentals Summary

How do Dream Industrial Real Estate Investment Trust's earnings and revenue compare to its market cap?
DIR.UN fundamental statistics
Market capCA$3.16b
Earnings (TTM)CA$232.52m
Revenue (TTM)CA$515.03m
13.2x
P/E Ratio
6.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DIR.UN income statement (TTM)
RevenueCA$515.03m
Cost of RevenueCA$111.74m
Gross ProfitCA$403.29m
Other ExpensesCA$170.77m
EarningsCA$232.52m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.82
Gross Margin78.30%
Net Profit Margin45.15%
Debt/Equity Ratio63.0%

How did DIR.UN perform over the long term?

See historical performance and comparison

Dividends

6.4%
Current Dividend Yield
48%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 11:40
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

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