Review of Dream Industrial REIT

SEP 24, 2024 - Dream Industrial REIT (DIR.UN) is an unincorporated, open-ended real estate investment trust. The Trust owns, manages, and operates a global portfolio of diversified industrial properties comprising 339 assets totalling approximately 71.9 million square feet of gross-leasable-area (GLA). We think DIR.UN is a strong REIT play as the general landscape here improves, and the focus on industrials makes it even more attractive. We are maintaining our rating of a B+ with a positive outlook.

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Toronto-Dominion Bank (The) (TD $101.27)
- $101.27 Fwd P/E: 10.41X Cap: $174.43B
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Bank of Nova Scotia (The) (BNS $75.01)
- $75.01 Fwd P/E: 15.71X Cap: $93.42B
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Enbridge Inc. (ENB $60.32)
- $60.32 Fwd P/E: 22.51X Cap: $131.49B
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Canadian Natural Resources Limited (CNQ $43.39)
- $43.39 Fwd P/E: 12.26X Cap: $91.62B
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Sun Life Financial Inc. (SLF $85.78)
- $85.78 Fwd P/E: 16.12X Cap: $48.75B
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Fortis Inc. (FTS $64.02)
- $64.02 Fwd P/E: 19.43X Cap: $32.11B
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North West Company Inc. (The) (NWC $47.66)
- $47.66 Fwd P/E: 17.02X Cap: $2.29B
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Russel Metals Inc. (RUS $44.19)
- $44.19 Fwd P/E: 16.88X Cap: $2.49B
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Leon's Furniture Limited (LNF $27.06)
- $27.06 Fwd P/E: 11.53X Cap: $1.84B
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Hydro One Limited (H $49.40)
- $49.40 Fwd P/E: 24.03X Cap: $29.62B
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Dream Industrial Real Estate Investment Trust (DIR.UN $11.83)
- $11.83 Fwd P/E: 27.79X Cap: $3.46B
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Q: I am looking at buying Canadian Dividend payers. What are your highest conviction dividend payers. Can you provide top 10 list. Please keep in mind valuation.

Thanks

Read Answer Asked by Frank on June 25, 2025

FirstService Corporation (FSV $241.22)
- $241.22 Fwd P/E: 61.27X Cap: $10.96B
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Granite Real Estate Investment Trust (GRT.UN $70.55)
- $70.55 Fwd P/E: 14.11X Cap: $4.39B
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BMO Equal Weight REITs Index ETF (ZRE $22.33)
- $22.33 Fwd P/E: 18.18X Cap: $588M
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Dream Industrial Real Estate Investment Trust (DIR.UN $11.83)
- $11.83 Fwd P/E: 27.79X Cap: $3.46B
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Q: Hi, would like to know your thoughts about an alternative to dir.un. Have had this one for about three years B.E. 12.60 ,(in an rrif). Or thoughts on another stock or etf I could add to dir. as it is my only stock in R.E. Sector.
Thanks

Read Answer Asked by Brad on June 23, 2025

Canadian National Railway Company (CNR $140.70)
- $140.70 Fwd P/E: 20.18X Cap: $88.28B
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TC Energy Corporation (TRP $64.75)
- $64.75 Fwd P/E: 15.55X Cap: $67.29B
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Canadian Pacific Kansas City Limited (CP $108.83)
- $108.83 Fwd P/E: 26.62X Cap: $101.55B
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Pembina Pipeline Corporation (PPL $49.57)
- $49.57 Fwd P/E: 16.56X Cap: $29.46B
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Capital Power Corporation (CPX $55.05)
- $55.05 Fwd P/E: 11.66X Cap: $7.66B
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Dream Industrial Real Estate Investment Trust (DIR.UN $11.83)
- $11.83 Fwd P/E: 27.79X Cap: $3.46B
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Boralex Inc. Class A Shares (BLX $32.58)
- $32.58 Fwd P/E: 304.81X Cap: $3.38B
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Enbridge Inc. 5.50% Cumulative Redeemable Preferred Shares Series A (ENB.PR.A $23.90)
- $23.90 Fwd P/E: 22.51X Cap: $131.49B
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Q: Those excellent Cies, and others in various sectors, could be significantly punished if the US law bill 899 were adopted by the US senate with no change..Curiously, the valuations of those Cies are not compromised to this day , maybe because it is still too early, and that all this would only start in early 2026....What strategy do you suggest concerning all Cies that have significant US revenues in general ,before any official US senate confirmation? Your point of view shall be extremely appreciated !

Read Answer Asked by Jean-Yves on June 10, 2025