Dream Industrial Real Estate Investment Trust (T:DIR.UN)
Business Focus: Industrial REITs
| Sector: Real Estate | Industry: Commercial REITs |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 30 Adelaide St E Suite 301 TORONTO ON M5C 3H1 |
| Tel: | N/A |
| Website: | www.dream.ca/industrial |
| IR: | See website |
| Key People | ||
| Brian Daniel Pauls Chief Executive Officer, Non-Independent Trustee | Lenis W. Quan Chief Financial Officer | Alexander Sannikov Chief Operating Officer |
| 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 221 assets and 326 industrial buildings comprising approximately 39.8 million square feet of gross leasable area across Canada, Europe and the United States. 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 three months ended 31 March 2022, Dream Industrial Real Estate Invest Trst revenues increased 34% to C$87.4M. Net income increased from C$95.3M to C$442.9M. Revenues reflect Europe segment increase from C$8M to C$30.2M, FFO per Share (Diluted) increase of 16% to C$0.22. Net income benefited from Fair value adjustments to investment pro increase from C$74.6M to C$360.7M (income). Dividend per share decreased from C$0.23 to C$0.17. |
| Employees: | 78 as of Dec 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5,460M as of Mar 31, 2022 |
| Annual revenue (TTM): | $311.81M as of Mar 31, 2022 |
| EBITDA (TTM): | $193.10M as of Mar 31, 2022 |
| Net annual income (TTM): | $955.97M as of Mar 31, 2022 |
| Free cash flow (TTM): | $58.12M as of Mar 31, 2022 |
| Net Debt Last Fiscal Year: | $1,734M as of Mar 31, 2022 |
| Shares outstanding: | 272,725,025 as of Apr 27, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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