Earnings
June 5, 2020 - AI
New! Atrium Mortgage Investment Corp. Q1-2020 Earnings, Price Target Update .....
June 4, 2020 - MIC
New! Genworth MI Canada Inc. Q1-2020 Earnings, Price Target Update .....
June 3, 2020 - FC
Firm Capital Mortgage Investment Corp. Q1-2020 Earnings, Price Target Updat .....
May 31, 2020 - TD
TD Bank - Q2-2020 Fiscal Earnings & Price Target Update .....
May 30, 2020 - CM
CIBC - Q2-2020 Earnings & Price Target Forecast .....
May 28, 2020 - BMO
Bank of Montreal - Q2-2020 Earnings, Fiscal 2020 Forecast .....
May 28, 2020 - NA
National Bank of Canada - Q2-2020 Earnings, Price Target Update .....
May 28, 2020 - BNS
Bank of Nova Scotia, Q2-2020 Earnings & Price Target Update .....
Recommendation Changes
CPX, H, QBR.B, AW.UN, SU, more...

Dream Industrial REIT - Q3-2019 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Dream Industrial REIT was formed to provide a Canadian focused, pure-play industrial REIT, the first full year of operation was 2013. The initial portfolio was comprised of 77 industrial properties totaling 6M sq. ft. acquired from Dream Office REIT and Return On Innovation Capital Ltd. for $647M. Dream Office REIT (D.UN), initially had a retained interest of 23.8% at Dec-31-2016, compared to 23.3% as Sept-30-2019. As of Sept-30-2019 the portfolio consists of 209 properties comprising 21.8M sq. ft. with a total value of $2.33B. This compares to 223 properties as at Dec-31-2018 totaling 20.2M sq. ft. valued at $2.14B.

Geographically as of Sept-30-2019, 23% of properties are located in western Canada, Ontario – 24%, Quebec- 19%, and the US -34%. Commencing in mid-2017 they began to acquire US properties. Subsequent to Mar-31-2019, all their eastern Canadian properties were sold for $271M, to KingSett Capital with the sale closing in Q3-2019. This comprised their entire portfolio of properties in eastern Canada. The sale portfolio is comprised of 38 properties, totaling 2.8M sq. ft. The proceeds were re-deployed to purchase properties mainly in the US.

Management Fee Structure

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
June 5, 2020
New! Coverage Universe - Weekly Price Change: May 29 - June 5, 2020
May 29, 2020
Coverage Universe - Weekly Price Change: May 22-29, 2020
May 22, 2020
Coverage Universe - Weekly Price Change: May 15-22, 2020
May 15, 2020
Coverage Universe - Weekly Price Change: May 8-15, 2020
May 8, 2020
Coverage Universe - Weekly Price Change: May 1-8, 2020
May 1, 2020
Coverage Universe - Weekly Price Change: Apr 24-May 1, 2020
April 24, 2020
Coverage Universe - Weekly Price Change: Apr 17-24, 2020
April 17, 2020
Coverage Universe - Weekly Price Change: Apr 10-17, 2020