20:48:03 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Dream Industrial Real Estate Investment Trust
Symbol DIR
Shares Issued 272,122,801
Close 2023-10-24 C$ 12.08
Market Cap C$ 3,287,243,436
Recent Sedar Documents

Globe says Dream Industrial REIT kept at "outperform"

2023-10-25 08:07 ET - In the News

The Globe and Mail reports in its Wednesday edition that National Bank analyst Matt Kornack has reaffirmed his "outperform" recommendation for Dream Industrial REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack trimmed his unit target to $16 from $17.50. Analysts on average target the units at $17.08. Mr. Kornack says in a note: "Our highest total return to target for the industrial segment goes to Dream Industrial as the REIT remains relatively inexpensive vs. its asset exposure. On the latter, Dream is the best way to get exposure to the strong GTA/GMA industrial markets with its Alberta portfolio now offering a unique exposure to accelerating market rent growth. We view it as the closest proxy for an urban smaller-bay Canadian play with a portfolio primarily located in higher barrier to entry markets. Dream still has a strong MTM opportunity providing the highest organic growth profile across the Canadian peer set with a favourable lease maturity profile over the next few years." The Globe reported on July 19, edition that National Bank Financial analysts Tal Woolley and Mr. Kornack had reaffirmed their "outperform" recommendation for Dream Industrial when it was worth $14.24.

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