Companies: 10,795·Total market cap: $144.5T
Dream Industrial Real Estate Investment Trust

Dream Industrial Real Estate Investment Trust

DIR-UN.TOTSXReal Estate● Active
$13.99
$-0.05(-0.36%)
Market Cap$3.9B
P/E Ratio—
52W High$14.41
52W Low$11.2
Free Cash FlowFinancialsRevenue

Dream Industrial Real Estate Investment Trust (DIR-UN.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DIR-UN.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $140.6M for FY2025 (fiscal year ending 2025-12-31), down 7.1% year-over-year The FCF margin was 27.7%. Five-year CAGR stands at +1.9%.

FY2025 Free Cash Flow$140.6M▼ -7.1% YoY
Trailing 12M (TTM)$104.8Mtrailing 4 quarters sum
FCF Margin27.7%$140.6M ÷ revenue
3-Year CAGR+25.7%FY2022 → FY2025
5-Year CAGR+1.9%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
dir-un.to free cash flow history · dir-un.to free cash flow chart · dir-un.to free cash flow growth rate · dir-un.to free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$140.6M▼ 7.1%27.7%
FY2024$151.3M▲ +30.6%32.5%
FY2023$115.8M▲ +63.7%26.1%
FY2022$70.8M▼ 44.8%19.1%
FY2021$128.1M▲ +0.1%44.2%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
dir-un.to free cash flow 2025 · dir-un.to free cash flow 2024 · dir-un.to free cash flow 2023 · dir-un.to operating cash flow

FCF valuation metrics

Dream Industrial Real Estate Investment Trust (DIR-UN.TO) trades at a FCF yield of 2.66% and a price-to-free-cash-flow ratio of 38.9x. FCF per share stands at $0.36, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
2.66%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$0.36
TTM FCF ÷ Shares Outstanding
Price / FCF
x38.9
Share Price ÷ FCF per Share
EV / FCF (TTM)
x64.5
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
dir-un.to price to free cash flow · dir-un.to free cash flow yield · dir-un.to free cash flow per share · dir-un.to price to cash flow ratio

Cash flow statement summary

For FY2025, Dream Industrial Real Estate Investment Trust generated $256.1M in operating cash flow and spent 116M in capital expenditures, yielding $140.6M in free cash flow.

Operating Activities
+$256.1M
Cash from core business operations
2025-12-31
Investing Activities
−$258.6M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$35.3M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($256.1M) − |CapEx| (116M) = FCF ($140.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
dir-un.to cash flow statement · dir-un.to cash flow statement 2025 · dir-un.to operating cash flow · dir-un.to cash flow from operations

Free cash flow vs peers (Real Estate)

#CompanyFree Cash FlowYoY
#1
Dream Industrial Real Estate Investment Trust
Dream Industrial Real Estate Investment TrustYOU
DIR-UN.TO
$140.6M-7.1%
#2
Prologis, Inc.
Prologis, Inc.
PLD
$5.01B+2.0%#3
American Tower Corporation
American Tower Corporation
AMT
$3.78B+2.2%#4
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$3.57B+16.6%#5
Welltower Inc.
Welltower Inc.
WELL
$2.85B+29.5%#6
Equinix, Inc.
Equinix, Inc.
EQIX
−$400.0M-318.6%
Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dream Industrial Real Estate Investment Trust (DIR-UN.TO) reported free cash flow of $140.6M for FY2025 (fiscal year ending 2025-12-31), down 7.1% year-over-year. The FCF margin was 27.7%.

Based on available data, Dream Industrial Real Estate Investment Trust has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $151.3M in FY2024. The 5-year CAGR stands at +1.9%.

Dream Industrial Real Estate Investment Trust's FCF yield is 2.66% and price-to-FCF ratio is 38.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

DIR-UN.TO free cash flow · 8 questions

Dream Industrial Real Estate Investment Trust free cash flow was $140.6M for FY2025, down 7.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $104.8M.

DIR-UN.TO free cash flowDIR-UN.TO FCFDIR-UN.TO FCF 2025DIR-UN.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dream Industrial Real Estate Investment Trust · Dream Industrial Real Estate Investment Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026