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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.


TSX:DIR.UN - Post by User

Dream Industrial Real Estate Investment Trust > Multiple Raised Targets
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Comment by retiredcfon May 04, 2023 11:43am
91 Views
Post# 35430177

RE:Multiple Raised Targets

RE:Multiple Raised TargetsOne more. GLTA

Raymond James’ Brad Sturges to $17.75 from $16.75 with an “outperform” rating.

“Our Outperform rating for DIR reflects: 1) DIR’s above-average exposure to Canada’s strongest urban industrial growth hubs; 2) DIR’s shorter duration leases (WALT: 4.5 years) that allow the REIT to quickly realize its sizable rent mark-to-market opportunity; 3) DIR’s compelling relative NAV discount valuation; and 4) DIR benefits from its strategic optionality to possibly realize the fair market value (FMV) of its wholly-owned Canadian industrial real estate portfolio through either individual asset or portfolio contribution(s) into the Dream Summit JV Fund at a higher price psf or lower average cap rate than what DIR’s NAV discount valuation currently implies,” said Mr. Sturges.

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