Dream Industrial Real Estate Investment Trust DIR.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
12.90
-0.08%
Close of 9 Nov 2026, in CAD
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About Dream Industrial Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker DIR.UN.TO. It has been listed since 4 October 2012. In the fiscal year to 31 December 2024, it reported revenue of C$466.2m and net income of C$259.6m. At that date it held total assets of C$8.12bn and shareholders' equity of C$4.73bn.
Dream Industrial Real Estate Investment Trust operates as an open-ended real estate investment trust. The company is headquartered in Toronto, Ontario. The company went IPO on 2012-10-04. The Trust's objective is to provide growth to its portfolio and returns to its unitholders. The Trust owns and operates a portfolio of approximately 177 industrial assets. The Trust has approximately 271 properties comprising approximately 27.3 million square feet of gross leasable area across North America and European industrial markets. Its properties include in Western Canada, Canada, the United States, and Europe. The Trust portfolio consists of distribution buildings, urban logistics buildings, light industrial properties across Canada, the United States and Europe. Its distribution buildings are located close to transportation corridors. Its urban logistics buildings are located close to population centers. Its light industrial buildings are single tenant properties.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 4 Oct 2012
- Employees
- 75
- Website
- dream.ca/industrial ↗
Leadership
Pay as last reported
- Ms. Vincenza SeraIndependent Chairman of the Board of TrusteesC$168,586
- Mr. Alexander SannikovPresident, Chief Executive Officer, Non-Independent Trustee, since 2020C$1.8m
- Ms. Lenis QuanChief Financial OfficerC$1.3m
- Mr. Bruce TraversyChief Investment OfficerC$1.3m
- Dr. R. Sacha BhatiaIndependent TrusteeC$90,000
- Mr. Armen FarianIndependent Trustee, since 2024
- Ms. Alison HarnickIndependent TrusteeC$75,623
- Ms. Vicky SchiffIndependent TrusteeC$100,000
- Ms. Jennifer ScoffieldIndependent TrusteeC$110,000
- Mr. Michael CooperNon-Independent TrusteeC$418,750
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 86
- Environment
- 99
- Social
- 99
- Governance
- 61
- Direct emissions (scope 1)
- 2,732 t
- Energy emissions (scope 2)
- 5,438 t
- Women in the workforce
- 46%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strategic Location: Dream Industrial Real Estate Investment Trust benefits from owning a portfolio of industrial properties situated in prime locations, allowing for excellent accessibility and logistic advantages.
- Diversified Portfolio: The REIT has a well-diversified portfolio of properties across multiple regions, reducing risk and providing stable income streams from various industries and tenants.
- Strong Financial Performance: Dream Industrial REIT has consistently demonstrated solid financial performance, with steady revenue growth and healthy profitability margins.
Weaknesses
- Dependency on Economic Conditions: The performance of industrial real estate is closely tied to economic conditions. Downturns in the economy or fluctuations in market demand can negatively impact occupancy rates and rental income.
- Potential Tenant Dependency: The reliance on a few major tenants for a significant portion of rental revenue poses a risk if those tenants face financial difficulties or decide not to renew their leases.
- Capital Intensive Nature: Real estate investments require substantial capital investments for property acquisitions, ongoing maintenance, and potential expansion, which can limit growth opportunities and pose financial constraints.
Opportunities
- Growing E-commerce Sector: The increasing popularity of e-commerce has led to a rise in demand for warehouse and distribution facilities. Dream Industrial REIT can capitalize on this trend by expanding its industrial portfolio catering to online retailers.
- Infrastructure Development: Government investments in infrastructure projects, such as transportation hubs and logistics centers, present opportunities for the REIT to acquire strategically located properties at favorable prices.
- Green Building Initiatives: With the focus on sustainability and energy efficiency, there is an opportunity for Dream Industrial REIT to upgrade its existing properties or develop new environmentally friendly industrial buildings, attracting environmentally conscious tenants.
Threats
- Intense Competition: The industrial real estate sector is highly competitive, with numerous players seeking attractive properties and tenants. Increased competition can impact occupancy rates and rental pricing power.
- Regulatory Changes: Changes in zoning regulations, building codes, or environmental regulations can impose additional costs or limitations on property development and operations, affecting the REIT's profitability.
- Economic Volatility: Economic downturns, global crises, or geopolitical events can negatively impact investor sentiment, property valuations, and demand for industrial spaces, posing risks to the REIT's financial stability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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