Sector: Real Estate | Industry: Commercial REITs |
Company Contact | |
Address: | 30 Adelaide St E Suite 301 TORONTO ON M5C 3H1 |
Tel: | N/A |
Website: | https://dream.ca/industrial |
IR: | See website |
Key People | ||
Alexander Sannikov President, Chief Executive Officer | Lenis W. Quan Chief Financial Officer |
Business Overview |
Dream Industrial Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns, manages and operates a portfolio of 322 assets totaling approximately 70.6 million square feet of gross leasable area in key markets across Canada, Europe and the United States. The Company owns and operates a diversified portfolio of distribution, urban logistics and light industrial properties across key markets in Canada, Europe and the United States. Across its regions, its portfolio consists of distribution, urban logistics and light industrial buildings: distribution buildings, urban logistics buildings and light industrial buildings. The Company's properties include Quayside, FORMA, Zibi, 212 King West, First Purpose Built Indigenous Hub, Brightwater, Alpine Park, Canary Landing, Canary District, The Distillery District, The Broadview Hotel, Brighton, Arapahoe Basin, Brighton Village Rentals and others. |
Financial Overview |
For the three months ended 31 March 2024, Dream Industrial Real Estate Invest Trst revenues increased 7% to C$114.6M. Net income totaled C$74.6M vs. loss of C$17.7M. Revenues reflect Dream Summit JV segment increase from C$3.3M to C$7M, Ontario segment increase of 8% to C$32M. Net Income reflects Fair value adjustments to financial inst decrease from C$64.6M (expense) to C$10.6M (income). |
Employees: | 108 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $6,378M as of Mar 31, 2024 |
Annual revenue (TTM): | $445.37M as of Mar 31, 2024 |
EBITDA (TTM): | $291.05M as of Mar 31, 2024 |
Net annual income (TTM): | $196.60M as of Mar 31, 2024 |
Free cash flow (TTM): | $161.51M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $2,849M as of Mar 31, 2024 |
Shares outstanding: | 287,828,749 as of Apr 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |