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Dream Industrial Real Estate Investment Trust

Dream Industrial Real Estate Investment Trust

DIR-UN · TO · Real Estate / REIT - Industrial

12.69CAD+0.12 (+0.95%)

Price History

Full chart

Market Stats

Previous Close12.57
Open12.57
Day Range12.57 – 12.92
52-Week Range11.29 – 14.66
Volume522.94K
Market Cap3.74B
P/E (TTM)21.84
Forward P/E12.94
EPS0.58
Dividend Yield5.66%
Beta1.23
50-Day Avg13.60
200-Day Avg13.47

About

Dream Industrial Real Estate Investment Trust is the owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at June 30, 2026, Dream Industrial REIT has an interest in and manages a portfolio which comprises 348 industrial assets (565 buildings) totaling approximately 75.7 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial 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 REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial Real Estate Investment Trust 2012 and was incorporated in Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. Alexander Sannikov
  • Employees0
  • Headquarters30 Adelaide Street East, Suite 301, Toronto, ON, Canada, M5C 3H1, Canada
  • Websitehttps://www.dreamindustrialreit.ca

Leadership

  • Mr. Alexander SannikovCEO, President & Non-Independent Director · b. 1986
  • Ms. Lenis W. QuanChief Financial Officer · b. 1973
  • Mr. Bruce TraversyChief Investment Officer · b. 1966
  • Mr. Gordon WadleyChief Operating Officer

Financials

Income Statement

Currency: CAD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue41.32M142.94M166.25M176.99M174.69M172.35M193.55M195.33M235.95M289.81M369.57M443.11M466.22M507.95M
Growth (%)-+245.92%+16.30%+6.46%-1.30%-1.34%+12.30%+0.92%+20.79%+22.83%+27.52%+19.90%+5.21%+8.95%
Cost of Revenue38.87M44.02M53.48M57.55M57.30M55.57M59.80M56.30M67.06M71.92M87.98M103.42M110.79M139.41M
Gross Profit2.46M98.93M112.76M119.45M117.39M116.78M133.74M139.03M168.88M217.90M281.59M339.69M355.43M368.54M
Gross Margin5.94%69.21%67.83%67.49%67.20%67.76%69.10%71.17%71.58%75.19%76.19%76.66%76.24%72.55%
Operating Expense2.06M4.70M10.28M11.93M14.31M12.46M-73.95M13.33M20.42M-14.34M-5.60M36.18M20.60M29.48M
Operating Income391.20K94.23M102.48M107.52M103.07M104.32M207.70M125.69M148.46M232.24M287.18M303.52M334.83M339.06M
Operating Margin0.95%65.92%61.64%60.75%59.00%60.53%107.31%64.35%62.92%80.13%77.71%68.50%71.82%66.75%
EBITDA4.92M91.84M102.53M107.57M103.13M104.38M103.97M125.75M148.48M234.02M762.88M169.78M348.53M258.27M
EBITDA Margin11.91%64.25%61.67%60.78%59.03%60.56%53.72%64.38%62.93%80.75%206.43%38.31%74.76%50.85%
Net Income-50.10M84.26M68.00M35.19M-2.69M34.66M157.53M179.43M200.14M608.35M705.88M104.30M259.61M170.07M
Net Income Margin-121.23%58.95%40.90%19.88%-1.54%20.11%81.39%91.86%84.82%209.91%191.00%23.54%55.68%33.48%
R&D----0.020.20.890.940.92.051.860.22--
R&D as % of Total Revenue----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense-43.84M47.51M49.28M48.07M47.03M48.93M47.53M46.05M36.99M34.44M63.42M75.65M86.34M
Interest Expense % of Total Revenue-30.67%28.58%27.84%27.52%27.29%25.28%24.33%19.52%12.76%9.32%14.31%16.23%17.00%

Balance Sheet

Currency: CAD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.19B1.59B1.74B1.72B1.66B1.81B2.16B2.89B3.52B6.05B7.28B7.86B8.12B8.46B
Total Liabilities864.01M1.02B1.11B1.09B1.07B1.10B1.17B1.33B1.62B2.55B2.83B3.28B3.39B3.66B
Total Equity326.21M570.82M628.65M626.88M591.11M712.25M989.33M1.56B1.90B3.50B4.45B4.57B4.73B4.79B
Cash2.31M258.00K78.00K1.02M6.59M54.65M4.97M441.54M254.94M164.01M83.80M49.92M80.28M41.43M
Total Debt656.07M841.36M921.29M923.10M868.35M889.80M937.73M1.01B1.26B2.06B2.42B2.86B2.98B3.12B
Net Debt653.77M841.10M921.22M922.08M861.75M835.14M932.76M573.03M1.01B1.89B2.34B2.81B2.90B3.08B

Cash Flow

Currency: CAD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow24.58M49.72M54.70M58.97M58.59M67.12M77.85M84.59M135.08M174.10M218.39M302.39M295.73M256.15M
Investing Cash Flow-1.19B-110.52M-79.36M-11.90M49.62M-83.31M-256.94M-116.13M-644.31M-1.76B-780.36M-689.44M-113.74M-258.63M
Financing Cash Flow1.17B58.75M24.47M-46.13M-102.63M64.41M127.48M469.22M317.16M1.50B487.95M356.52M-151.96M-35.33M
Capital Expenditure078.00K69.00K8.90M18.55M15.07M14.02M11.41M7.13M45.96M147.62M186.55M144.42M115.53M
Free Cash Flow24.58M49.64M54.64M50.07M40.03M52.05M63.84M73.18M127.95M128.14M70.78M115.84M151.31M140.62M
Dividends Paid5.12M30.93M35.26M36.54M35.71M35.80M43.95M55.17M96.48M104.84M136.06M134.39M140.25M144.40M
FCF to OCF100.00%99.84%99.87%84.91%68.34%77.55%81.99%86.51%94.72%73.60%32.41%38.31%51.16%54.90%
Dividend Paid to FCF20.82%62.31%64.54%72.97%89.19%68.78%68.84%75.38%75.41%81.82%192.23%116.01%92.69%102.69%

Earnings

Report DateAug 9, 2016Nov 4, 2016Nov 3, 2026
EPS Estimate0.240.23-
EPS Actual0.230.23-
Surprise-4.17%0.00%-
TimingAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.74B
Enterprise Value6.38B
Trailing P/E21.84
Forward P/E12.94
PEG Ratio0.00
Price / Sales6.75
Price / Book0.78
EPS0.58
Book Value16.83
Revenue (TTM)554.40M
Gross Profit (TTM)432.96M
EBITDA348.72M
Profit Margin30.40%
Operating Margin72.31%
Return on Equity3.55%
Return on Assets2.67%
Shares Outstanding280.25M
Shares Float279.70M
Beta1.23
Dividend Yield5.66%
Dividend Rate0.72
Payout Ratio121.10%

Dividends

20269×
0.06Oct 30, 20260.06Aug 31, 20260.06Jul 31, 20260.06Jun 30, 20260.06May 29, 20260.06Apr 30, 20260.06Mar 31, 20260.06Feb 27, 20260.06Jan 30, 2026
202512×
0.06Dec 31, 20250.06Nov 28, 20250.06Oct 31, 20250.06Sep 29, 20250.06Aug 29, 20250.06Jul 31, 20250.06Jun 30, 20250.06May 30, 20250.06Apr 30, 20250.06Mar 31, 20250.06Feb 28, 20250.06Jan 31, 2025
20243×
0.06Dec 31, 20240.06Nov 29, 20240.06Oct 31, 2024