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Dream Industrial Real Estate Investment Trust (T:DIR.UN)

Business Focus: N/A

Sector:  N/A Industry:  N/A
See Regulatory Filings on SEDAR
Company Contact
Address: 30 Adelaide St E Suite 301
Tel: N/A
IR: See website
Key People
Vincenza Sera
Independent Chairman of the Board of Trustees
Brian Daniel Pauls
Chief Executive Officer, Non-Independent Trustee
Lenis W. Quan
Chief Financial Officer
Alexander Sannikov
Chief Operating Officer
Joe Iadeluca
Senior Vice President - Portfolio Management for dream Industrial REIT, Quebec and Eastern Canada
Bruce Traversy
Senior Vice President, Head of Investments, Europe
Nicholas Stryland
Vice President - Portfolio Management, Ontario Region
Business Overview
Dream Industrial Real Estate Investment Trust (Trust) is an open-ended real estate investment trust. The Trust's objective is to provide growth to its portfolio and returns to its unitholders. The Trust has approximately 186 assets and 280 industrial buildings comprising approximately 28.9 million square feet of gross leasable area across North America and European industrial markets. Its properties include in Western Canada, Canada, the United States, and Europe. The Trust portfolio consists of distribution buildings, urban logistics buildings, light industrial properties across Canada, the United States and Europe. Its distribution buildings are located close to transportation corridors. Its urban logistics buildings are located close to population centers. Its light industrial buildings are single tenant properties.
Financial Overview
For the six months ended 30 June 2021, DreamIndustrial Real Estate Invest Trst revenues increased 17%to C$134.7M. Net income before extraordinary itemsincreased from C$45M to C$255.6M. Revenues reflect Europesegment increase from C$7.5M to C$17.8M, FFO per Share(Diluted) increase of 11% to C$0.19. Net income benefitedfrom Net Operating Income (NOI)- Ontario increase fromC$8.6M to C$26.1M.
Employees: 78 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $1,331M as of Jun 30, 2021
Annual revenue (TTM): $255.03M as of Jun 30, 2021
EBITDA (TTM): $149.11M as of Jun 30, 2021
Net annual income (TTM): $410.73M as of Jun 30, 2021
Free cash flow (TTM): $51.05M as of Jun 30, 2021
Net Debt Last Fiscal Year: $1,758M as of Jun 30, 2021
Shares outstanding: 228,366,870 as of Aug 3, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization