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Dream Industrial Real Estate Investment Trust Tr Unit
Investment Thesis
WPT Industrial (WPTIF) (TSX:”WIR.U”) delivered another quarter of positive same property net operating income growth in Q1 2020 and maintained a high occupancy ratio. Despite near-term uncertainties caused by the outbreak of COVID-19, industrial properties should remain in hot demand once COVID-19 is contained thanks to 1) strong e-commerce sales, and 2) more essential industrial operations moving back to the U.S. WPT currently pays a 6%-yielding dividend and is trading at a discount to its historical average. While near-term uncertainties exist, we think this is a stock worth considering for investors