FY2018 Earnings Forecast for Dream Industrial REIT (DIR) Issued By National Bank Financial
Dream Industrial REIT (TSE:DIR) – Research analysts at National Bank Financial reduced their FY2018 earnings estimates for Dream Industrial REIT in a report issued on Monday, April 23rd. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $0.92 per share for the year, down from their previous forecast of $0.93. National Bank Financial has a “Outperfrom Under Weight” rating on the stock.
Dream Industrial REIT (TSE:DIR) last announced its earnings results on Tuesday, February 20th. The company reported C$0.20 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.03). The firm had revenue of C$44.73 million during the quarter. Dream Industrial REIT had a return on equity of 6.19% and a net margin of 21.60%.
The company also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.70 dividend on an annualized basis and a yield of 7.37%.
Dream Industrial REIT Company Profile
Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.
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