Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Announces Earnings Results

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) issued its earnings results on Tuesday. The company reported C$0.11 earnings per share for the quarter, FiscalAI reports. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The business had revenue of C$131.42 million during the quarter.

Dream Industrial Real Estate Invest Trst Price Performance

DIR.UN opened at C$13.88 on Wednesday. The firm has a market capitalization of C$3.99 billion, a PE ratio of 22.03 and a beta of 1.15. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The business’s 50-day moving average is C$14.24 and its two-hundred day moving average is C$13.59. Dream Industrial Real Estate Invest Trst has a 1 year low of C$11.51 and a 1 year high of C$14.85.

Analyst Upgrades and Downgrades

Separately, TD raised their price target on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$15.04.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.