Dream Industrial REIT Reports Strong Q2 2026 Results and 2.5% Distribution Increase
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. All dollar amounts are in Canadian dollars unless otherwise indicated.
Dream Industrial Real Estate Investment Trust (DIR.UN-TSX) or (the “REIT” or “Trust” or “Dream Industrial REIT” or “DIR” or “we” or “us”) today announced its financial results for the three and six months ended June 30, 2026. Management will host a conference call to discuss the financial results on August 5, 2026 at 11:00 a.m. (ET).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260804776665/en/ Cambridge, Ontario
“Dream Industrial delivered another consecutive quarter of strong results, with over 10% comparative properties NOI growth and 8% FFO per Unit growth. Leasing momentum has been robust, with over 3 million square feet transacted across our wholly-owned portfolio year-to-date at a 21% weighted average rental spread,” said Alexander Sannikov, President & Chief Executive Officer of Dream Industrial REIT. “We have executed on our capital deployment plan for 2026, with over $550 million of acquisitions completed, under contract or in exclusivity since the beginning of the year across our wholly-owned portfolio at accretive returns, including the assets from Chancerygate, which expands our footprint into the U.K. multi-let industrial sector and accelerates our private ventures strategy in Europe. We are excited to announce our first distribution increase since 2013, which is supported by our differentiated strategic growth pillars and strong year-to-date operating and financial performance. This increase is consistent with our objective of providing recurring distribution increases as part of growing the free cash flow retained and reinvested into our business.”
