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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
Tel: N/A
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