TSX:DIR.UN - Post by User
Post by
retiredcfon Mar 06, 2023 10:19am
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Post# 35321133
Another View of Results
Another View of ResultsDIR.UN remains one of their favourite REITs. GLTA
Cash flow per share was $0.23 which matched estimates. Revenue of $98.9M was 9% light while EBITDA of $67.7M largely matched estimates. Net operating income rose by 9.6%, and rental income rose 25%. Occupancy is excellent at 98.9%. Total assets are $7.3B. Average rent is 35% higher than peers. Net aset value is also up 12% to $16.97. Everything looks good here. (5iResearch)