The Globe and Mail reports in its Tuesday, May 13, edition that RBC Capital Markets analyst Pammi Bir is sticking with his "outperform" recommendation for Dream Industrial REIT. The Globe's David Leeder writes in the Eye On Equities that Mr. Bir lowered his unit target to $14 from $15. Analysts on average target the units at $13.68. Mr. Bir says in a note: "As tariff-related macro uncertainty persists, Dream Industrial REIT's trimmed down earnings guidance was perhaps not entirely unexpected. While leasing velocity is facing some headwinds, we see the revised organic growth call as within reach supported by the large gap between in-place and market rents. As well, our forecasts still reflect above average earnings growth. In short, sentiment may need time to build (Dream [Office REIT] reducing its stake likely doesn't help), yet valuation seems excessively discounted." The Globe reported on Dec. 22, 2023, that Mr. Pammi had reaffirmed his "outperform" recommendation and $16 unit target for Dream Industrial. The units could then be had for $13.89. The Globe reported on April 24, 2025, that Raymond James's Brad Sturges had upgraded his call for Dream Industrial to "strong buy" from "outperform." It was then worth $10.48.