Stockchase Insights HOLD
Dream Industrial REIT(DIR.UN-T)
07/07/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
In its Q1 2023, FFO per unit grew 13% compared to the same period last year. In addition, DIR.UN is trading at a discount to NAV of $17.
DIR.UN’s portfolio focuses on high-quality industrial properties. As a result, the occupancy level is still solid, with the occupancy rate in line with last year, around 98.6%, which indicates the stickiness in the company’s portfolio.
DIR.UN has a track record of acquiring and managing properties to increase cash flow per unit. We think going forward the investment thesis is still intact. We would be comfortable holding this name.
REAL ESTATE
$14.230