SMMCF - Dream Industrial: Strong Market Fundamentals Will Drive Growth For This 6.1%-Yielding REIT
Investment Thesis
Dream Industrial REIT (DREUF) (TSX:DIR.UN) delivered an OK Q1 2019, with positive same property net operating income growth. We believe strong demand for industrial properties will continue to drive rental revenue growth for the REIT especially in Quebec and Ontario. Dream Industrial continues to trade at an attractive valuation to its peers. It also offers a 6.1%-yielding dividend. We believe Dream Industrial is a good investment choice for investors seeking both capital appreciation and dividend income.
Data by YCharts
Recent Developments: Q1 2019 Highlights
Dream Industrial had a good Q1 2019.