The Globe and Mail reports in its Thursday edition that National Bank Financial analyst Matt Kornack continues to rank Dream Industrial REIT "outperform." The Globe's David Leeder writes that Mr. Kornack gave his unit target a 50-cent trim to $16. Analysts on average target the units at $16.07. 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 medium-term growth profile while presenting a lower risk profile than the others. We view Dream as the best way to gain exposure to the robust GTA/GMA markets. It is the closest proxy for an urban smaller-bay Canadian play, which has higher barrier to entry than other markets and less competing product to entice tenants away. Dream still has a strong MTM opportunity providing the best organic growth profile across the Canadian peer set with a favourable lease maturity profile over the next few years. Lastly, overlapping costs still employed since the Dream/SMU JV was established also present a potential source of synergies that may be realized over time." The Globe reported on Jan. 30 that Mr. Kornack rated Dream "outperform." It was then worth $13.83.