Latest news for Dream Industrial REIT (OTC:DREUF) Stock

Dream Industrial REIT

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada, Europe and the USA. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the European portfolio.

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Dream Industrial Real Estate Investment Trust

GE Vernov (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) reported quarterly sales of $8.200 billion which missed the analyst consensus estimate of $8.259 billion by 0.71 percent.

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Earnings Misses

GE Vernov Q2 Sales $8.2B Miss $8.259B Estimate

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) shares are trading lower today. The company revealed that EVA Air, following its recent&nbsp;order for four Boeing 787-10 Dreamliners, has also ordered <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39924815/eva-orders-genx-engines-to-power-boeing-787-fleet-expansion" rel="noreferrer noopener">GEnx engines for their new aircraft</a>.
Introduced in 2011, the GEnx engine family has amassed over 56 million flight hours and is GE Aerospace&#8217;s fastest-selling high-thrust engine with nearly 3,000 units in service or backlog.
GE Aerospace announced that American Airlines Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) had finalized an order for 180 CF34-8E engines and spares to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39905619/american-airlines-orders-180-cf34-engines-to-power-new-embraer-175-fleet" rel="noreferrer noopener">power its 90 new Embraer 175 regional jets</a>.
With over 7,500 CF34 engines in use by 900+ operators worldwide, the CF34-8E has logged over 40 million flight hours and 29 million cycles since 2004. The CF34 family, including -3, -8, and -10 models, powers over 2,500 regional aircraft.
GE Aerospace has delivered nearly 11,000 CF34 engines, boasting a 99.97% dispatch reliability rate over the past year and compatibility with approved SAF fuel blends.
Yesterday, GE Aerospace reported&nbsp;second-quarter 2024 adjusted revenue growth of 4% year-over-year to $8.22 billion, missing the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39906980/ge-aerospace-reports-mixed-q2-results-raises-full-year-profit-and-cash-flow-guidance" rel="noreferrer noopener">consensus of $8.462 billion</a>.
The company witnessed total orders growth of 18% Y/Y to $11.2 billion, with Commercial Engines &amp; Services +38% and Defense &amp; Propulsion Technologies -25%.
Also, this week, GE Aerospace teamed up with Oak Ridge to enhance supercomputing for next-gen <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39880146/ge-aerospace-invests-in-supercomputing-talent-plans-to-hire-900-engineers" rel="noreferrer noopener">aircraft engine tech like Open Fan</a>.
The company plans to hire over 900 engineers in 2024 to drive innovation and support both current engine programs and future flight technologies.
Investors can gain exposure to the stock via IShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>)&nbsp;and TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NETZ#NYSE">NETZ</a>).
Price Action: GE shares are trading lower by 0.18% at $171.69 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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iShares Dow Jones US Aerospace & Defense Index Fund

Engine No. 1 ETF Trust Engine No. 1 Transform Climate ETF

NETZ

GE Aerospace Wins Orders From EVA Air And American Airlines: Details

Canaccord Genuity analyst Joseph Vafi maintains Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) with a Buy and raises the price target from $12 to $15.

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Canaccord Genuity Maintains Buy on Iris Energy, Raises Price Target to $15

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Dream Industrial REIT

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Latest news for Dream Industrial REIT (OTC:DREUF) Stock

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