Dream Industrial Real Estate Investment Trust T.DIR.UN

Alternate Symbol(s): DREUF

Dream Industrial Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns, manages and operates a portfolio of 322 assets totaling approximately 70.6 million square feet of gross leasable area in key markets across Canada, Europe and the United States. The Company owns and operates a diversified portfolio of distribution, urban logistics and light industrial properties across key markets in Canada, Europe and the United States. Across its regions, its portfolio consists of distribution, urban logistics and light industrial buildings: distribution buildings, urban logistics buildings and light industrial buildings. The Company’s properties include Quayside, FORMA, Zibi, 212 King West, First Purpose Built Indigenous Hub, Brightwater, Alpine Park, Canary Landing, Canary District, The Distillery District, The Broadview Hotel, Brighton, Arapahoe Basin, Brighton Village Rentals and others.

TSX:DIR.UN - Post by User

Dream Industrial Real Estate Investment Trust

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Comment by maypeterson Mar 23, 2020 4:50pm

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Post# 30839255

RE:RE:RE:RE:RE:Dynamic Funds - real estate fund managers view

The way you are describing it is what a rookie landlord would try saying to the mortgage lender.

A 50 - 60% haircut is way overboard and based purely on fear and panic. Got to remember these busineses have put in a lot of money making the space their own - not easy to pack up or let the landlord take over. I am sure there will be discussions about deferral for the folks who are cash strapped but I doubt they are going to mention waiting for the stimulus money from what unfortunately constitutes the Government.

TheeRook wrote: Looks like now the payment of rent is in question even for industrail REITs. A busines in a non essential service has to shut down. Owner goes well if they shut me down, I am not paying the rent and will wait for any CV19 stimulus money.

maypeters wrote: Thank you CanSiamCyp. Did not read your message before I posted essentially something similar.

CanSiamCyp wrote: Hey Sarge! Not to be a pain in the a$$ but DIR.UN has much reduced debt/leverage now cuz they paid down their more expensive N. American debt (done) and plan to increase their European debt (at a much lower interest rate there if you can believe it!). This is part of their move into the European market - leverage high on the European assets at low interest rate and leverage low on the N. American assets at higher rates. That is the plan they set in motion. Who knows after this mess is over?!?