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.

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Dream Industrial Real Estate Investment Trust > couple thoughts on Cdn REITs

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Comment by SargeXon Oct 24, 2022 1:37pm

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Post# 35044242

RE:RE:couple thoughts on Cdn REITs

Hey Dean

It's really interesting that the investment learning never ends. Our strategy evolved over time into a dividend income/growth with 5 sectors - banks, utilities, midstream, telcos, and REITs. I am now ready to drop the REIT sector and focus on the blue chip dividend growers in the other 4 sectors.

As mentioned, REITs have been really good to us but that was more lucky timing than anything.

It's too late to sell DIR & NWH now but I doubt we'll ever buy any more REIT shares going forward.

I'm actually hoping for a take-over of DIR. (Brookfield and Blackstone, are you listening??)

Ciao
Sarge

DeanEdmonton wrote: Completely agree Sarge. I have little left in the REIT area. Have done well with physical real estate since 2008, actually really well, REITS have done basically nothing let alone coming close to being as good. For those that need dividend income, something like ZWU provides much higher dividends and the same zero growth profile on the Share price.

SargeX wrote: With DIR taking such a huge smack down, I thought I'd have a look back at my wife & my past experiences with REITs.

We got more heavily into them in 2012 just before I retired for the excellent income. I wasn't sure at that point if we were going to be fine in terms of our money lasting. As it turns out, this definitely hasn't been an issue as we have gone from barely having enough dividend income to cover expenses to now havng 3x as much as we need,

Anyway, in the 2012-2019 timeframe, we had 6-10 REITs. As time went along, we reduced that number to 2 (DIR, NWH) earlier this year. This was due to a combo of getting tired of the behaviour of a few/divy cuts (D,AX,HR,REI), take-overs (AAR, NVU, DRG, BPY)., and yield getting too low (GRT - which was bought with cash from AAR take-over).

Getting rid of these REITs generated $255k of profit.

For DIR & NWH, we're down on capital value but still up a small amount with the divs added back in. We've held DIR since 2013 and NWH since 2017 and the average annual total return for each is ~1%.

My conclusion on REITs is that they are generally not worth investing in unless you really need the income or you get lucky with take-overs or timely sells.

Ciao
Sarge