Market dataIncome framework read
REITTSXCanada

DIR-UN.TO

Dream Industrial REIT

Real EstateREIT distributionMonthly

Market Snapshot

$13.81

-$0.08 (-57.60%)

Toronto

Yield

5.07%

Rate $0.70

Next Payment

Payment date passed

Ex-date 2026-06-30

52wk Position

79.34%

-4.36% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

DIR-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

DIR-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.42.

3

Main watch item

Editorial framework

Tax character and account placement matter

DIR-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$5.83
APR
0.422
Coverage
0.422

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$5.83
Cushion
-$7.98
Cushion %
-57.76%
Current $13.81Break $5.83

Smart Recommendation

DIR-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Available

1mo ago

Tax character

Distribution / ROC

1mo ago

Distribution history

5–10 yr track

1mo ago

Structure complexity

Moderate

1mo ago

Income trend

Growing

1mo ago

Account suitability

RRSP / RRIF optimal

1mo ago

Structure Overview

Dream Industrial REIT (DIR.UN) owns industrial and logistics properties across Canada and Europe. Industrial REITs have benefited from e-commerce and supply-chain restructuring tailwinds, supporting occupancy and rent growth. DIR.UN pays monthly distributions and has expanded internationally, adding currency exposure to its income profile.

Canadian Planning Notes

  • 1DIR.UN's European expansion adds EUR/CAD currency exposure to reported earnings; confirm the CAD-equivalent distribution per unit in each declaration.
  • 2REIT distributions include ROC; RRSP or RRIF placement removes annual ACB tracking.
  • 3DRIP is available; industrial REIT fundamentals are closely linked to e-commerce volumes and logistics demand cycles.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$13.81

Previous close

$13.89

Day range

$13.81 - $14.04

52wk range

$11.39 - $14.44

Market cap

4B

Volume

726.4K

Avg volume

529K

Exchange

Toronto

Dividend and distribution

Forward rate

$0.70

Trailing rate

$0.71

Forward yield

5.07%

Trailing yield

5.08%

Per payment

$0.06

Cadence

Monthly

Next ex-date

Jun 30, 2026

Next pay

Jun 15, 2026

Last dividend

$0.06

Last dividend date

Jun 30, 2026

Performance

Daily change

-$0.08

Daily change %

-57.60%

52wk position

79.34%

Below 52wk high

-4.36%

Above 52wk low

21.25%

Open

$13.90

Earnings and financials

Trailing EPS

0.63

Forward EPS

1.13

Revenue

540.4M

Revenue growth

12.30%

Profit margin

34.31%

Operating margin

69.23%

Payout ratio

N/A

Free cash flow

-212.1M

Total cash

35.9M

ROE

3.88%

ROA

2.57%

Debt/equity

63.09

Beta

1.26

Valuation

Trailing P/E

21.92

Forward P/E

12.22

Price/sales

7.35

Price/book

0.82

Enterprise value

6.8B

EV/EBITDA

20.46

Analyst facts

Target mean

$15.63

Target high

$16.25

Target low

$15.00

Recommendation mean

N/A

Recommendation key

none

Analysts

10

Canadian Context

Account placement

TFSA

REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.

RRSP: Also shelters distribution complexity when TFSA room is limited.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Run dividend calculationTest DRIP durability

Compare With Peers

Similar income profiles

Compare in Dividend Compare Engine

AP-UN.TO

Allied Properties REIT

Monthly

AX-UN.TO

Artis REIT

Monthly

BEI-UN.TO

Boardwalk REIT

Monthly

Related Holdings

CAR-UN.TO

Canadian Apartment Properties REIT

Monthly

REI-UN.TO

RioCan REIT

Monthly

SRU-UN.TO

SmartCentres REIT

Monthly

ZRE.TO

BMO Equal Weight REITs Index ETF

Monthly

BNS.TO

Bank of Nova Scotia

Quarterly

This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.