Investment Thesis
Dream Industrial REIT (DREUF) (TSX:DIR.UN) delivered solid 2018 with its execution of dispositions and acquisitions strategy. Its outlook is favorable thanks to (1) strong industry fundamentals, (2) favorable leasing spread, and (3) its focus in Quebec and Ontario. Its shares are currently trading at a valuation below its peers with an attractive dividend. The company remains a good investment choice for investors seeking both capital appreciation and dividend income.
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Recent Developments
Dream Industrial has done well to transform its portfolio in 2018. The company has sold some of