Also trades as: DREUF (OTC) · $vol 1M

C$12.67 ($8.89)

-0.01 (-0.08%)

Weekly Expected Move ±2.1%

C$12 C$12 C$13 C$13 C$13

TSX · Real Estate · REIT - Industrial · Tech Score Sell · Power 36 · C$3.6B mcap · 279M float · 0.200% daily turnover

Revenue

$508M +9.0% ▲

5Y CAGR: +16.6%

Gross Profit

$369M +3.7% ▲

5Y CAGR: +16.9%

Operating Income

$339M +1.3% ▲

5Y CAGR: +18.0%

Net Income

$170M -34.5% ▼

5Y CAGR: -3.2%

EPS (Diluted)

$0.58 -35.6% ▼

5Y CAGR: -13.2%

EBITDA

$258M -25.9% ▼

5Y CAGR: +11.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$290M	$370M	$443M	$466M	$508M
YoY Growth	+22.8%	+27.5%	+19.9%	+5.2%	+9.0%
Cost of Revenue	$72M	$88M	$103M	$111M	$139M
Gross Profit	$218M	$282M	$340M	$355M	$369M
Gross Margin	75.2%	76.2%	76.7%	76.2%	72.6%
R&D Expenses	$2	$2	$0	$0	$0
SG&A Expenses	$26M	$34M	$36M	$38M	$0
Operating Expenses	$27M	$34M	$36M	$38M	$29M
Operating Income	$232M	$287M	$304M	$335M	$339M
Operating Margin	80.1%	77.7%	68.5%	71.8%	66.8%
Interest Expense	$37M	$34M	$63M	$76M	$85M
Income Before Tax	$639M	$725M	$103M	$269M	$168M
Tax Expense	$30M	$19M	-$1M	$10M	-$2M
Net Income	$608M	$706M	$104M	$260M	$170M
Net Margin	209.9%	191.0%	23.5%	55.7%	33.5%
EPS (Diluted)	$2.81	$2.61	$0.36	$0.90	$0.58
EBITDA	$234M	$290M	$170M	$349M	$258M
Shares Outstanding	217M	271M	287M	290M	293M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$118M	$120M	$121M	$125M	$128M	$133M	$131M	$132M
Cost of Revenue	$26M	$28M	$30M	$30M	$33M	$37M	$38M	$34M
Gross Profit	$92M	$91M	$92M	$95M	$94M	$96M	$93M	$98M
Gross Margin	77.7%	76.5%	75.5%	76.0%	73.8%	72.2%	71.0%	73.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$9M	$10M	$9M	$10M	$0	$10M	$10M	$0
Operating Expenses	$10M	$10M	$9M	$10M	$10M	$5M	-$1M	$23M
Operating Income	$87M	$120M	$83M	$85M	$85M	$91M	$94M	$75M
Operating Margin	73.5%	100.7%	68.0%	67.9%	66.2%	68.3%	72.0%	56.9%
Interest Expense	$20M	$16M	$20M	$22M	$23M	$23M	$23M	$24M
Income Before Tax	$16M	$113M	$49M	$45M	$46M	$27M	$66M	$30M
Tax Expense	$2M	$3M	$1M	-$1M	$635K	-$3M	$3M	$116K
Net Income	$14M	$110M	$47M	$47M	$46M	$30M	$63M	$30M
Net Margin	11.7%	91.7%	39.1%	37.4%	35.8%	22.7%	47.9%	22.5%
EPS (Diluted)	$0.05	$0.38	$0.16	$0.16	$0.16	$0.10	$0.21	$0.10
EBITDA	$37M	$130M	$70M	$68M	$86M	$52M	$91M	$55M
Shares Outstanding	290M	291M	293M	293M	293M	295M	293M	289M

DIR-UN.TO TSX