Topic: How To Invest

Q: May I have your recommendation for Dream Industrial REIT on Toronto? Thanks.

Article Excerpt

A: Dream Industrial Real Estate Investment Trust, $11.93, symbol DIR.UN on Toronto (Units outstanding: 277.3 million; Market cap: $3.5 billion; www.dream.ca/industrial/), is a real estate investment trust, or REIT. It owns, manages and operates a global portfolio of diversified industrial properties. As of September 30, 2024, the REIT had an interest in and managed 338 assets (a building or a cluster of buildings in close proximity to one another, attracting similar tenants) comprised of 545 buildings. These totaled about 71.9 million square feet of leasable area. They are located in key markets across Canada, Europe, and the U.S. In Canada, Dream’s portfolio has 136 assets; in Europe, it has 87; and in the U.S., it has 115 assets. Across these regions, Dream’s portfolio consists of distribution, urban logistics, and light industrial buildings. As of September 30, the Canadian and European properties had a total investment value of $6.78 billion, excluding minority interests in two funds. Distribution buildings made up $3.67 billion, or 54.1%,…