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 339 assets totaling approximately 71.9 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 Trillium Industrial Business Park, West Mall Cluster, Kennedy/Coopers Avenue Cluster, Terrebonne Cluster, Boucherville Cluster, Sunridge Park, Chestermere Industrial Park, Zac de Satolas Green, 310 Hoffer Drive (McDonald Business Centre), among others.

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Dream Industrial Real Estate Investment Trust > Dream Industrial REIT Completes $288 Million Equity Offering

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Comment by SargeXon Oct 22, 2021 1:03pm

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Post# 34038033

RE:Dream Industrial REIT Completes $288 Million Equity Offering

This truly is remarkable and how fast the unit price has rebounded. It's almost back to its $17.04 price the day of the offering on Oct 13th. Even more remarkble is that the unit price the week before the offering was $16.25.

These guys really seem to know what they are doing.

Of our 19 holdings, this one isn't the biggest returner but is definitely the most surprising as we bought it for income and not capital appreciation.

Ciao
Sarge

CanSiamCyp wrote:
DREAM INDUSTRIAL REIT (DIR.UN-TSX) (“Dream Industrial REIT” or the “Trust”) announced today the closing of its previously announced equity offering of units of the Trust (" Units ”) at a price of $16.50 per Unit (the “ Offering ”). The syndicate of underwriters, led by TD Securities Inc., elected to exercise its over-allotment option in full, resulting in a total of 17,434,000 Units being issued today for total gross proceeds of approximately $288 million.

The Trust intends to use the net proceeds from the Offering, together with cash on hand: (i) to fund the closing of acquisitions and (ii) for general trust purposes.