Author's Note: All currency figures are listed in Canadian Dollars unless otherwise noted.
Investment Thesis
Dream Industrial Real Estate Investment Trust (DREUF) has transformed its portfolio in recent years as it continues to acquire high quality assets in major distribution centers. The Trust is currently pursuing a European expansion strategy that will see it established in some of Western Europe's most important logistics markets. The REIT has done a commendable job of growing its portfolio while simultaneously reducing its leverage.
This acquisition-driven portfolio growth should enhance NAV and lead to capital gains for