The Globe and Mail reports in its Wednesday, July 19, edition that National Bank Financial analysts Matt Kornack and Tal Woolley have reaffirmed their "outperform" recommendation for Dream Industrial REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack and Mr. Woolley trimmed their unit target by a loonie to $17.50. Analysts on average target the units at $17.27. The National Bank stockpickers say in a note: "Our highest total return to target in industrial goes to Dream Industrial as the REIT remains relatively inexpensive vs. its asset exposure. On the latter, Dream Industrial is the best way to get exposure to the strong GTA/GMA industrial markets and we view it as the closest proxy for an urban Canadian play with a portfolio primarily located in higher barrier to entry markets. The current implied cap rate represents a positive spread to financing costs, notwithstanding a still juicy MTM opportunity providing the best organic growth profile across the Canadian peer set." The Globe reported on May 5 that Mr. Kornack was keeping his "outperform" recommendation for Dream Industrial intact. The units could then be had for $14.64.