The Globe and Mail reports in its Friday, May 5, edition that National Bank analyst Matt Kornack is keeping his "outperform" recommendation for Dream Industrial REIT intact. The Globe's David Leeder writes that Mr. Kornack gave his share target a 50-cent bump to $18.50. Analysts on average target the shares at $17.23. Mr. Kornack says Dream Industrial is "delivering Canada's best organic growth." Mr. Kornack now sees a "runway for more" gains. Mr. Kornack says in a note: "Dream Industrial continued to excel operationally in Q1 with rent spreads in core Canadian markets sustaining their brisk pace while MTM potential widened. In Europe, the CPI background also propelled organic growth; albeit, that market as a result is tracking closer to underlying fundamentals, whereas domestically, the REIT is building a long runway for future outsized organic performance. For the quarter, FFO was in line with our forecast but the composition was favourable as NOI [net operating income] beat, whereas interest expense was an offset on greater refinancing activity (this ultimately took the weighted average interest rate closer to market rates). The benefits of fee revenue from property management on JV assets was a notable earnings boost."