Dream Industrial Real Estate Investment Trust (DIR.UN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

agreement industrial rate third quarter conference call for Wednesday, November 5, 2025. Please be advised that all participants are currently in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the queue, you may press star and then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star and then 0. During this call, management of Dream Industrial Rate 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 Rate 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 Rate's filings with security regulators, including its latest annual information form and MDNA. These filings are also available on Dream Industrial Rate's website at www.dreamindustrialrate.ca. Your host for today will be Mr. Alexander Sanikov, CEO of Dream Industrial Rate. Mr. Sanikov, you may now go ahead. Thank you. Good morning, everyone. Thank you for joining us today for Dream Industrial REIT's third quarter 2025 conference call. Here with me today is Linus Kwon, our Chief Financial Officer. In the third quarter, we reported healthy operating and financial results supported by strong leasing spreads and robust growth in CP NOI. For the quarter, we delivered 4.3% year-over-year FFO per unit growth and 6.4% comparative properties NOI grow...