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  5. DIR.UN: Looking at Dream Industrial REIT, I see that the P/E ratio is about 36, which I interpret as expensive, while the P/B ratio is about 0. [Dream Industrial Real Estate Investment Trust]

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Q: Looking at Dream Industrial REIT, I see that the P/E ratio is about 36, which I interpret as expensive, while the P/B ratio is about 0.8, which I would consider a bargain. Which is it? What am I missing?
Asked by Ivars on April 15, 2026
5i Research Answer:
With REITs, because of various accounting charges and mark-to-market rules, we prefer to use...
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