Dream Industrial Real Estate Investment Trust (DIR.UN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Dream Industrial REIT second quarter conference call for Wednesday, August 6, 2025. Please be advised that all participants are currently in a listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star and then one on your telephone keypads. Should you need assistance during the conference call, you may signal an operator by pressing star and zero. 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 is contained in Dream Industrial REIT's filings with securities regulators, including its latest annual information form and MDNA. These filings are also available on Dream Industrial REIT's website at www.dreamindustrialreit.ca. Your host for today will be Mr. Alexander Santacost. CEO of Dream Industrial REIT. Mr. Santakoff, please proceed. Thank you. Good morning, everyone. Thank you for joining us today for Dream Industrial REIT's second quarter 2025 conference call. Here with me today is Linus Quan, our Chief Financial Officer. In the second quarter, we delivered healthy operating and financial results supported by strong leasing spreads and healthy growth in CP NOI. For the quarter, we delivered 4% year-over-year FFO per u...