Market dataIncome framework read
REITTSXCanada

DIR-UN.TO

Dream Industrial REIT

Real EstateREIT distributionMonthly

Market Snapshot

$14.11

+$0.08 (57.02%)

Toronto

Yield

4.99%

Rate $0.70

Next Payment

—

Ex-date 2026-07-31

52wk Position

75.70%

-4.98% below high

Updated —

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 0.41.

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
0.413
Coverage
0.413

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$5.83
Cushion
-$8.28
Cushion %
-58.66%
Current $14.11Break $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

3mo ago

DRIP availability

Available

3mo ago

Tax character

Distribution / ROC

3mo ago

Distribution history

5–10 yr track

3mo ago

Structure complexity

Moderate

3mo ago

Income trend

Growing

3mo ago

Account suitability

RRSP / RRIF optimal

3mo 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

$14.11

Previous close

$14.03

Day range

$13.97 - $14.12

52wk range

$11.81 - $14.85

Market cap

4.1B

Volume

582.9K

Avg volume

493K

Exchange

Toronto

Dividend and distribution

Forward rate

$0.70

Trailing rate

$0.70

Forward yield

4.99%

Trailing yield

4.99%

Per payment

$0.06

Cadence

Monthly

Next ex-date

Jul 31, 2026

Next pay

Aug 14, 2026

Last dividend

$0.06

Last dividend date

Jul 31, 2026

Performance

Daily change

$0.08

Daily change %

57.02%

52wk position

75.70%

Below 52wk high

-4.98%

Above 52wk low

19.53%

Open

$14.04

Earnings and financials

Trailing EPS

0.58

Forward EPS

1.13

Revenue

554.4M

Revenue growth

11.30%

Profit margin

30.40%

Operating margin

72.31%

Payout ratio

N/A

Free cash flow

117.6M

Total cash

197.6M

ROE

3.55%

ROA

2.67%

Debt/equity

64.03

Beta

1.25

Valuation

Trailing P/E

24.33

Forward P/E

12.49

Price/sales

7.32

Price/book

0.84

Enterprise value

6.8B

EV/EBITDA

19.43

Analyst facts

Target mean

$16.20

Target high

$16.75

Target low

$15.25

Recommendation mean

1.5

Recommendation key

strong_buy

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

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

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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.