Review of Dream Industrial REIT

NOV 06, 2025 - DIR.UN owns and manages a global portfolio of diversified industrial assets. It is widely regarded as a high-quality monthly distribution payer due to its consistent record of distributions through full economic cycles, though distribution growth has been limited. The company’s valuation remains attractive, as DIR.UN continues to trade at a meaningful discount to NAV. Management has recently raised rents across the Canadian portfolio to align with market levels, which should benefit unitholders over the next few years. Additionally, there may be near-term upside potential from declining interest rates, which tend to support real estate valuations.