Topic: How To Invest

Q: Pat, may I have your thoughts on Dream Industrial REIT? This warehouse REIT appears to be a great way to gain exposure to the online shopping phenomenon.

Article Excerpt

A: Dream Industrial REIT, $7.98, symbol DIR.UN on Toronto (Units outstanding: 152.2 million; Market cap: $1.2 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 17.8% of Dream Industrial REIT. Dream Industrial owns and operates a portfolio of 263 geographically diverse light industrial properties. They comprise 26 million square feet of leasable area of which 33% is located in Ontario, 21% in Western Canada, 20% in the U.S., 15% in Quebec, and 11% in Europe. Investors benefit from the high 95.8% occupancy rate of the REIT’s properties. The trust’s largest tenants by rental revenue are Nissan North America, Spectra Premium Industries, TC Transcontinental, Glenow Windows & Doors, Accel Inc., United Agri Products Canada, Molson Breweries, ODW Logistics, West…

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