TSX:DIR.UN - Post by User
Post by
retiredcfon May 20, 2021 10:19am
![](https://assets.stockhouse.com/kentico-cms/0340-00/images/Sprite.svg#id_Post_Views_Icon)
185 Views
Post# 33237112
Upgrade
Upgrade Canaccord Genuity’s Brendon Abrams raised his target for Dream Industrial REIT to $16 from $15, keeping a “buy” rating. The average on the Street is $15.28.
“We believe Dream Industrial should trade at a premium to NAV given our expectation for downward pressure on industrial real estate cap rates, potential accretion to cash flow per unit by deploying excess balance sheet capacity towards acquisitions, and strong organic growth from marking in-place rental rates to market, particularly in its GTA and Montreal portfolio,” he said.