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

TSX:DIR.UN Financials Overview

Financials in millions CAD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	572.68	524.99	514.56	443.11	408.72	331.67
Revenue Growth	9.62%	2.03%	16.12%	8.41%	23.23%	40.04%
Net Income Net Income Growth	188.14	170.07	259.61	104.3	705.89	608.35
Earnings Per Share EPS Growth	0.67	0.59	0.93	0.38	2.75	2.60
EPS Growth	-23.14%	-36.54%	144.81%	-86.12%	5.75%	98.44%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue from Rental Income Revenue from Rental Income Growth	433.62	418.47	382.41	358.17	305.01	245.74
Recoveries Recoveries Growth	66.83	64.42	63.78	63.75	58.97	42.81
Revenue from Property Management and Other Income Revenue from Property Management and Other Income Growth	24.39	21.36	20.03	15.69	5.58	1.27
Revenue (Total) Revenue (Total) Growth	524.84	504.26	466.22	437.6	369.57	289.82

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	39.1	41.43	121.79	52.82	83.8	164.02
Total Debt Total Debt Growth	3,254	3,283	3,029	2,887	2,426	2,066
Net Cash (Debt) Net Cash Growth	-3,215	-3,241	-2,907	-2,834	-2,342	-1,902
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-11.47	-11.30	-10.46	-10.37	-9.13	-8.13

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	226.54	301.95	295.73	302.39	218.39	174.39
Free Cash Flow Free Cash Flow Growth	226.54	301.95	295.73	302.39	218.39	174.39
Free Cash Flow Growth	-27.99%	2.10%	-2.20%	38.46%	25.23%	29.10%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	63.68%	61.74%	73.11%	68.50%	72.25%	69.88%
Pretax Margin	34.08%	32.04%	52.35%	23.27%	177.47%	192.54%
Profit Margin	32.85%	32.40%	50.45%	23.54%	172.70%	183.42%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.717	0.700	0.700	0.700	0.700	0.700
Dividend Per Share Growth	0.63%	-0.01%	0%	0%	0%	0%
Dividend Yield	5.56%	5.57%	5.95%	5.02%	6.00%	4.10%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	19.22	21.19	12.60	36.53	4.25	6.56
PS Ratio	6.31	6.86	6.36	8.60	7.33	12.03

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error