Overview

* Dream Industrial net income falls 24% due to fair value losses in investment properties

* Q2 FFO per Unit grows 4%, driven by 10% rent increase

* Committed occupancy rises to 96%, reflecting strong leasing momentum

Outlook

* Company expects significant income growth from leasing new spaces

* Company pursuing C$100 mln in asset dispositions

* Company evaluating alternatives for remaining 2025 debt maturity

Result Drivers

* RENT INCREASE - 10% year-over-year rise in average in-place and committed rents boosted financial results

* LEASING MOMENTUM - Committed occupancy increased to 96% due to strong leasing activity

* ACQUISITIONS - Over C$540 mln in acquisitions added 1.6 mln sq ft of GLA and 31 acres of land to portfolio

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 C$94.70

Rental mln

Income

Q2 Net C$46.61

Income mln

Q2 FFO C$74.84

mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Dream Industrial Real Estate Investment Trust is C$14.00, about 17.8% above its August 1 closing price of C$11.51

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)