Dream Industrial REIT reports after the market closes on November 3. Its EPS history is limited, and the two comparable quarters show no clear pattern of beats.
Dream Industrial Real Estate Investment Trust (DIR-UN.TO; TSX: DIR.UN) is scheduled to report results for the quarter ended September 30, 2026, after the market closes on November 3. The earnings calendar does not list EPS estimates, but a separate consensus feed expects EPS of C$1.08 from one analyst and revenue of C$554.13 million from three analysts. Those estimates imply year-over-year growth of 46.0% in EPS and 10.1% in revenue. With only one analyst contributing to the EPS estimate, it’s a limited benchmark.
Recent earnings trend
Dream Industrial Real Estate Investment Trust
DIR-UN.TO
DIR-UN.TO
Dream Industrial Real Estate Investment Trust
WealthAwesomeMarket cap
$3.78B
P/E
22.1x
Div. yield
5.44%
Div. / share
$0.70
52W high
$14.59
52W low
$11.25
1W change
-3.26%
Beta
1.24
Analyst Price Targets
Based on analyst covering DIR-UN · as of Oct 28, 2026
Wall Street analysts forecast DIR-UN stock price to rise 21.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$15.50
+21.1% Upside
Previously C$15.78 on Oct 26, 2026
Current Price
C$12.80
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on DIR-UN's historical volatility
30-Day Vol
15.5%
Annualized
90-Day Vol
19.3%
Annualized
Trend (90d)
-32.2%
Annualized drift
90d Mean
C$11.36
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$12.26 | C$11.62 – C$12.94 |
| 60 trading days | C$11.80 | C$10.94 – C$12.73 |
| 90 trading days | C$11.36 | C$10.35 – C$12.46 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2016-09-30 | 2016-11-04 | 0.2300 | 0.2300 | +0.0% |
| 2016-06-30 | 2016-08-09 | 0.2300 | 0.2400 | -4.2% |
Dream Industrial owns and operates industrial properties across Canada, Europe and the U.S. As of June 30, its portfolio included 348 properties totaling 75.7 million square feet. Follow the company on the DIR-UN stock page.
Investor takeaway: The November 3 report will show whether projected earnings and revenue growth are reflected in recurring property cash flow. The EPS estimate comes from one analyst, and historical comparisons cover only two quarters, with no clear record of beats. For a REIT, investors should also look at recurring funds from operations per unit, occupancy, leasing and same-property operating results, if reported. Dream Industrial recently completed a C$300-million debenture offering at 4.416%, with some proceeds intended to repay existing debt. It also announced a monthly distribution of C$0.05979 per unit.
C$1.08 EPS consensus, based on one analyst
The consensus feed expects quarterly EPS of C$1.08, up from C$0.74 a year earlier. That implies 46.0% growth, but it’s a forecast, not a reported result. Since only one analyst contributed, the estimate may not reflect a broad market view. Revenue consensus is C$554.13 million, based on three analysts.
Bull case
The consensus points to strong year-over-year EPS growth and a 10.1% increase in revenue. Scotiabank also expects Dream Industrial to lead its selected REIT group in accelerating year-over-year recurring funds-from-operations-per-unit growth in the third quarter. The bank forecasts a 77% acceleration from the second quarter. Dream Industrial’s large, diversified portfolio across Canada, Europe and the U.S., along with its investment-grade balance sheet, provides context for that outlook. But the forecast is not a reported result.
Bear case
The EPS estimate comes from one analyst. Only two comparable quarters have actual-versus-estimate data: one matched its estimate, and one missed by 4.17%. That’s too little history to establish a reliable pattern. Scotiabank expects mixed results across Canadian REITs and, on average, forecasts third-quarter funds from operations per unit below consensus. Investors should also watch interest costs, property-level results, and how the trust executes its leasing and growth plans.
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