skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. DIR.UN: Comments on the quarter? [Dream Industrial Real Estate Investment Trust]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Comments on the quarter?
Asked by Kelly on May 10, 2024
5i Research Answer:

Funds flow per unit of 24c was marginally off estimates of 24.7c; revenue of $114.5M was 0.8% higher than estimates. EBITDA was $83.4M, 6.1% higher than estimates of $78.6M. Lats year there was a $1.1M lease termination payment, so funds flow was essentially flat year over year considering this. Net operating income rose 7.1%. Rental income rose 5.4%. Assets of $8B rose 1.7% Occupancy was 96.4%, up 0.2%. Payout ratio 73%. We would consider the results good and units buyable today.