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, $14.71, symbol DIR.UN on Toronto (Units outstanding: 256.0 million; Market cap: $4.1 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 9.7% of the REIT. Dream Industrial owns and operates a portfolio of 258 geographically diverse light industrial properties. They comprise 46.5 million square feet of leasable area, with 27% located in Ontario. Another 21% is centred in Western Canada, with 10% in the U.S., 13% in Quebec, and 29% in Europe. Investors benefit from the high 97.3% occupancy rate of the REIT’s properties. The trust’s largest tenants by rental revenue are Auchan Supermarché Plaisir, ESM Ertl Systemlogistik, Immeubles RB Ltd., Gienow Windows and Doors, and Spectra Premium Industries Inc. On November 7, 2022, Dream…