The Globe and Mail reports in its Tuesday, Jan. 30, edition that National Bank Financial 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 gave his unit target a 50-cent boost to $16.50. Analysts on average target the units at $16. Mr. Kornack sees real estate equity investors continuing to be "at the whim of macro trends and volatility in bond yields" in 2024. Mr. Kornack says in a note: "Notwithstanding expected market rent growth flattening, MTM potential is significant and earnings prospects are strong. Dream Industrial and [Granite REIT] top our pecking order with strong top-line performance expected, Dream Industrial primarily on capturing below market rent spreads while Granite has leaseup potential, a tailwind from the Graz renewal and a favourable 2025 lease maturity profile." The Globe reported on July 9 and Oct. 25 that Mr. Kornack rated Dream Industrial "outperform." The units could then be had for $14.24 and $12.08. The Globe reported on Dec. 22 that RBC Dominion Securities had reaffirmed its "outperform" recommendation when the units could be had for $13.89.