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 > Acquisition of SMU by DIR

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Post by CanSiamCypon Nov 07, 2022 12:59pm

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Post# 35079332

Acquisition of SMU by DIR

Hey Sarge!

Bet your glad that you kept DIR in your portfolio ... despite being somewhat disenchanted with the REIT sector, in general.

As luck would have it, we have been fully invested in SMU, DIR, NXR, and PRV - all of which are benefitting today as a result of the SMU/DIR Industrial acquisition. Go Team Industrial!

The deal with GIC (of Singapore) should be beneficial to DIR's bottom line .... cuz they are only exposed to 10% of the real estate value but will benefit from 100% of the management fees generated by the rental income. Should have a beneficial impact on the REIT's AFFO payout ratio as soon as the deal closes!

Cheers!

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