This press release have forward-looking info that will be based on assumptions and it is susceptible to dangers and uncertainties as showed in the cautionary note contained inside this press release. All money quantities come into Canadian dollars unless or else indicated.
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TORONTO–( COMPANY LINE )–Dream Industrial REIT (DIR.UN-TSX) or (the “Trust” or “DIR” or even the “REIT” or “we”) today revealed the financial outcomes for the three period ended March 31, 2021. Control will host a conference telephone call to discuss the economic outcome on 5, 2021 at 11:00 a.m. (ET).
Diluted funds from businesses (“FFO”) per product (1) had been $0.19 in Q1 2021, a 10% build compared to Q1 2020;
Web leasing income in Q1 2021 was actually $47 million, a growth of 17.4%, when compared with $40 million in Q1 2020;
Relative properties NOI (“CP NOI”) (continuous currency basis) (1) in Q1 2021 enhanced by 3.1per cent, compared to Q1 2020. The Canadian profile published 2.0per cent CP NOI gains, predominantly pushed by a 6.1% CP NOI boost in Ontario. The U.S. profile CP NOI improved by 6.7percent on a consistent money factor, as a result of an increase in occupancy speed of 2.0% and a boost in in-place lease of 2.4percent;