TSX:DIR.UN - Post Discussion
Post by
retiredcf on Mar 01, 2023 10:22am
BMO Initiate Coverage
BMO’s Michael Markidis initiated coverage of Dream Industrial REIT with an “outperform” rating and $17 target, above the $16.89 average.
“Our positive stance is based on the REIT’s majority weighting to strong industrial markets in Canada, significant runway for above-average organic growth, and access to private capital,” he said. “Debt repricing risk is elevated over the medium term and there is a potential offbalance sheet liability related to the external asset management structure. These concerns are more than adequately priced into the stock, in our view.”
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