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Dream Industrial Real Estate Investment Trust (DIR.UN:CA) Q4 2025 Earnings Call Transcript

Seeking Alpha

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⚡ Quantum Brief

Dream Industrial REIT reported Q4 2025 earnings on February 18, 2026, led by CEO Alexander Sannikov, highlighting financial performance and strategic updates during the call. The company introduced Gordon Wadley as its new Chief Operating Officer, marking a key leadership change aimed at strengthening operational oversight in its industrial real estate portfolio. Management emphasized forward-looking statements but cautioned investors about risks tied to market volatility, regulatory changes, and economic conditions, as detailed in recent filings. Analysts from major firms like Desjardins, Scotiabank, and RBC participated, probing growth strategies, occupancy rates, and capital allocation plans during the Q&A session. The call underscored Dream Industrial’s focus on expanding its logistics and warehouse assets amid evolving supply chain demands, though specific financial metrics were not disclosed in the transcript excerpt.

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SA Transcripts158.47K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Dream Industrial Real Estate Investment Trust (DIR.UN:CA) Q4 2025 Earnings Call February 18, 2026 11:00 AM EST Company Participants Alexander Sannikov - CEO, President & Non-Independent DirectorGordon Wadley - Chief Operating OfficerLenis Quan - Chief Financial Officer Conference Call Participants Kyle Stanley - Desjardins Securities Inc., Research DivisionHimanshu Gupta - Scotiabank Global Banking and Markets, Research DivisionBradley Sturges - Raymond James Ltd., Research DivisionMichael Markidis - BMO Capital Markets Equity ResearchSam Damiani - TD Cowen, Research DivisionMatt Kornack - National Bank Financial, Inc., Research DivisionPammi Bir - RBC Capital Markets, Research DivisionTal Woolley - CIBC Capital Markets, Research Division Presentation Operator Hello. Welcome to the Dream Industrial REIT Fourth Quarter Conference Call for Wednesday, February 18, 2026. [Operator Instructions] And the conference is being recorded. [Operator Instructions] During this call, management of Dream Industrial REIT may make statements containing forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream Industrial REIT's control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Additional information about these assumptions and risks and uncertainties and is contained in Dream Industrial REIT's filings with securities regulators, including its latest annual information form and MD&A. These filings are also available on Dream Industrial REIT's website at www.dreamindustrialreit.ca. Your host for today will be Mr. Alexander Sannikov, CEO of Dream Industrial REIT. Mr. Sannikov, please proceed. Alexander SannikovCEO, President & Non-Independent Director Thank you. Good morning, everyone. Thank you for joining us today for Dream Industrial REIT's year-end 2025 Conference Call. Here with me today is Gord Wadley, our recently appointed Chief Operating Officer, who we are happy to welcome to the industrial team and

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