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Dream Industrl REIT (TSE:DIR.UN)
TSX:DIR.UN
Holding TSE:DIR.UN?
Track your performance easily
Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -11.64%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant achievements in FFO growth, leasing activity, and strategic project completions. There were challenges noted in specific areas such as vacancies in Quebec and Spain and a drop in joint venture occupancy. However, the overall strategic direction and market demand suggest a positive trajectory.Company Guidance
During the third quarter 2024 earnings call for Dream Industrial REIT, management provided a comprehensive update on their financial performance and future guidance. The company reported a funds from operations (FFO) per unit of $0.26, representing a 4% increase year-over-year. The comparative properties net operating income (NOI) growth was 3.3% for the quarter and 5.1% on a year-to-date basis. Dream Industrial REIT maintained a strong occupancy rate, with 95.5% committed and in-place occupancy at the end of Q3. They highlighted significant leasing activities, including a 10-year lease for 70,000 square feet at the Abbotside development and a 300,000 square foot lease at the Balzac development. The company also achieved a 25% average rental spread on 1.9 million square feet of new leases and renewals, with notable performance in Canada and Europe. Additionally, Dream Industrial REIT is actively pursuing capital recycling, having sold three assets for $29 million, and continues to explore acquisition opportunities, particularly in Europe. They remain confident in their growth strategy and expect to meet their 2024 guidance, with reacceleration in NOI and FFO per unit growth anticipated as they enter 2025.FFO Per Unit Increase
Reported FFO per unit of $0.26, a 4% increase year-over-year, driven by comparative properties NOI growth and development leasing.
Strong Leasing Activity
Signed 1.9 million square feet of leases with an average rental spread of 25%. In Canada, leases were signed at an average spread of 39%, and in Europe, at an average spread of 10%.
Solar Project Completion
Achieved substantial completion of a solar project in the Hague, Netherlands, with a system capacity of 3.4 megawatts and a forecasted yield on cost of over 8%.
Market Demand and Occupancy
95.5% committed and in-place occupancy with increased demand in Canada and Europe, particularly in Spain and France.
Capital Recycling and Acquisitions
Sold assets for $29 million, including a property in Montreal at a 17% premium to the carrying value, and under contract for $226 million of acquisitions across Canada.
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TSE:DIR.UN Earnings History
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
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TSE:DIR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$13.23 | C$12.84 | -2.95% |
| Aug 06, 2024 | C$12.94 | C$12.64 | -2.32% |
| May 07, 2024 | C$12.35 | C$12.50 | +1.21% |
| Feb 13, 2024 | C$12.51 | C$12.68 | +1.36% |
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.
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FAQ
When does Dream Industrl REIT (TSE:DIR.UN) report earnings?
Dream Industrl REIT (TSE:DIR.UN) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Dream Industrl REIT (TSE:DIR.UN) earnings time?
Dream Industrl REIT (TSE:DIR.UN) earnings time is at Feb 18, 2025, TBA Not 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:DIR.UN EPS forecast?
Currently, no data Available
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