Topic: How To Invest

Q: Pat, what do you think about Dream Industrial REIT going forward? Thanks for all your great advice.

Article Excerpt

A: Dream Industrial REIT, $13.15, symbol DIR.UN on Toronto (Units outstanding: 173.0 million; Market cap: $2.5 billion; www.dreamindustrialreit.ca), offers investors a portfolio of industrial properties in North America and Europe. The REIT, originally named Dundee Industrial REIT, first sold units to the public and began trading in October 2012 at $10 per unit. Dream Office REIT (symbol D.UN on Toronto and a recommendation of our Power Growth Investor newsletter) holds 15.5% of the REIT. Dream Industrial owns and operates a portfolio of 177 geographically diverse light industrial properties. They comprise 27.3 million square feet of leasable area, with 24% located in Ontario. Another 19% is centred in Western Canada, with 27% in the U.S., 16% in Quebec, and 14% in Europe. Investors benefit from the high 95.6% occupancy rate of the REIT’s properties—despite the pandemic. The trust’s largest tenants by rental revenue are Nissan North America, Spectra Premium Industries, TC Transcontinental, Gienow Windows& Doors, Accel Inc., United Agri Products Canada, and Molson Breweries. Over…