Investment Thesis
Dream Global REIT (DUNDF) (TSX:DRG.UN) delivered a solid Q1 2019 with strong same property net operating income growth. The company should continue to benefit from healthy demand for office spaces in its major markets in the near-term thanks to supply and demand imbalance. In addition, we like its strategy to buy light industrial properties since demand for industrial properties should remain very strong in the next few years. The REIT currently pays a monthly 5.2% yielding dividend. However, its shares are fairly valued. Conservative investors may want to wait for a