The earnings call highlighted strong financial and operational performance, with significant leasing activity, strategic acquisitions, and a robust balance sheet. Although there were some challenges with moderated leasing activity and occupancy pressure, the overall outlook remains positive.

Company Guidance -

Q3 2025

During the second quarter of 2025, Dream Industrial REIT showcased robust operating and financial outcomes, highlighted by a 4% year-over-year growth in Funds From Operations (FFO) per unit and a 5% increase in Comparative Properties Net Operating Income (CP NOI), bolstered by a notable 9.5% rise in in-place rents. The REIT achieved an occupancy rate of 96%, a 60 basis point increase from the previous quarter, and retained approximately 70% of its tenants. Over 3.3 million square feet of leases were signed at an average spread of 20%. The REIT engaged in strategic capital recycling, with $80 million in acquisitions on its balance sheet and an additional $59 million through the Dream Summit venture, complemented by a $90 million non-core asset disposition. Looking forward, Dream Industrial anticipates continued FFO growth into 2026, driven by strong leasing momentum and a solid pipeline of development projects, while maintaining a conservative leverage profile with a net debt-to-EBITDA ratio of 8.2x and over $900 million in total available liquidity.

Strong Financial Growth

Reported 4% year-over-year FFO per unit growth and 5% comparative properties NOI growth, driven by a 9.5% increase of in-place rents.

High Leasing Activity

Signed 3.3 million square feet of leases at an average spread of 20%, increasing occupancy to 96% and achieving approximately 70% tenant retention.

Successful Capital Recycling Strategy

Completed $80 million of acquisitions on the REIT's balance sheet and $59 million through the Dream Summit venture, along with a $90 million non-core asset disposition.

Strategic Acquisitions

Acquired assets in the Netherlands and Richmond Hill, with the latter expected to deliver nearly 6% average annual NOI growth over the next 5 years.

Strong Balance Sheet

Maintained leverage in the targeted range with net debt-to-EBITDA ratio of 8.2x and over $900 million in total available liquidity.

Positive Outlook

Expect strong pace of FFO per unit growth into 2026, supported by leasing commitments and market conditions.

Dream Industrl REIT (TSE:DIR.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:DIR.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	- / -	0.048	―	―	―
Aug 05, 2025	2025 (Q2)	- / 0.16	0.214	-25.23% (-0.05)	―	―
May 06, 2025	2025 (Q1)	- / 0.16	0.26	-37.31% (-0.10)	―	―
Feb 18, 2025	2024 (Q4)	- / 0.38	-0.031	1316.13% (+0.41)	―	―
Nov 05, 2024	2024 (Q3)	- / 0.05	0.179	-73.18% (-0.13)	―	―
Aug 06, 2024	2024 (Q2)	- / 0.21	0.291	-26.46% (-0.08)	―	―
May 07, 2024	2024 (Q1)	- / 0.26	-0.064	506.25% (+0.32)	―	―
Feb 13, 2024	2023 (Q4)	- / -0.03	-0.124	75.00% (+0.09)	―	―
Nov 07, 2023	2023 (Q3)	- / 0.18	0.459	-61.00% (-0.28)	―	―
Aug 01, 2023	2023 (Q2)	- / 0.29	0.628	-53.66% (-0.34)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:DIR.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	C$11.77	C$11.91	+1.19%
May 06, 2025	C$10.31	C$10.07	-2.33%
Feb 18, 2025	C$11.38	C$11.43	+0.44%
Nov 05, 2024	C$12.77	C$12.39	-2.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Dream Industrl REIT (TSE:DIR.UN) report earnings?

Dream Industrl REIT (TSE:DIR.UN) is schdueled to report earning on Nov 11, 2025, TBA (Confirmed).

What is Dream Industrl REIT (TSE:DIR.UN) earnings time?

Dream Industrl REIT (TSE:DIR.UN) earnings time is at Nov 11, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is TSE:DIR.UN EPS forecast?

Currently, no data Available

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