ADD TO WATCHLIST. [6] Dundee Industrial held its $155 million IPO in September 2012. Our leasable spaces are located in high-quality properties in major markets across Canada. In 2011, the company bought 29 buildings from Blackstone Real Estateand Slate Properties for $832 million. Shares are … [2] In 2011, the company bought 29 buildings from Blackstone Real Estate and Slate Properties for $832 million. It portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders." Content is available under CC BY-SA 3.0 unless otherwise noted. This is a list of publicly traded and private real estate investment trusts (REITs) in Canada. 8680 Marine Drive, South Carolina. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. [10] As of a result of this and other sales, the value of the company's properties decreased by more than half, from $6.1 billion to $2.9 billion. Dream … Dream Industrial REIT owns and operates a portfolio of 244 geographically diversified industrial distribution and warehousing properties. Dundee Corporation is a significant shareholder in Dream, but not in Dream Office REIT. [13] The Dream name was originally an acronym for Dundee Real Estate Asset Management. Advertisement. Dream Industrial REIT is dedicated to investing in and managing industrial spaces, enriching them for the people who work there and for the greater community. "Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. We provide investors with direct exposure to the industrial real estate sector. They're a work-in-progress with better days ahead. About Us; Portfolio; Investors; Leasing; Tenants; News & Events As at September 30, 2020, the Trust owns and operates a portfolio of 172 assets (266 industrial buildings) comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets. NOV 3, 2020. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. SUBSCRIBE TO ALERTS. [citation needed] The company's portfolio consists almost exclusively of office buildings in the central part of cities. 3 analysts recommended to SELL the stock. [1] The remainder of Dundee Realty was taken over by its major shareholder, Dundee Bancorp (now called Dundee Corporation). Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (Dividend Info) References. Shelby V, Memphis TN. To learn more or find an ideal location for your business, please click on the link below: The portfolio comprises approximately 23.7 million square feet of gross leasable area in key markets across Canada and the U.S. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. [citation needed], Dream Office REIT is part of the Dream family of companies, which also include three other Toronto Stock Exchange–listed real estate funds, as well as Dream, Dream Office's asset manager. Dream Industrial Real Estate Investment Trust Units. Hide Results expand_less In 2007, the company sold its Eastern Canadian assets to GE Real Estate for $2.4 billion, while retaining its Western Canadian assets. Business Wire . Dream Office REIT menu. Press Releases. As at September 30, 2020, Dream Industrial REIT owns and operates a portfolio of 266 industrial properties comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets. Globe and Mail advanced charts offer real-time price streaming, dynamic click and drag interaction, event indicators and technical studies. [4] In May 2012, Dundee REIT and H&R REIT bought Scotia Plaza for $1.3 billion, the highest price ever paid for a Canadian office building. On May 8, 2014 the company was renamed to Dream Office REIT from Dundee REIT. DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distr... Read more . In the last year, 8 stock analysts published opinions about DIR.UN-T. 3 analysts recommended to BUY the stock. Business Wire . Valued at ~300M. [5], In 2012, the company spun-off its industrial properties into a new company, Dundee Industrial REIT (later renamed Dream Industrial REIT). [9] As a result of its financial problems, the company sold many of its properties in 2016 and 2017. Dream Industrial REIT is a Canadian stock, trading under the symbol DIR.UN-T on the Toronto Stock Exchange (DIR-UN-CT). News & Events. It is usually referred to as TSX:DIR.UN or DIR.UN-T Is Dream Industrial REIT a buy or a sell? DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). Dream Industrial REIT owns and operates high-quality industrial properties across Canada, the U.S. and now Europe. [7], In 2016, the company took a $749 million writedown, primarily relating to its Alberta office properties. Dream Office owns around 16% of Dream Industrial REIT. * Dream Unlimited Corp. is obtaining consent on behalf of itself and on behalf of Dream Office REIT, Dream Industrial REIT, Dream Global REIT and Dream Impact Trust. Presentations. [3] In January 2012, the company acquired Whiterock REIT, a competing office property REIT, for $582 million. [1] In 2007, the company sold its Eastern Canadian assets to GE Real Estate for $2.4 billion, while retaining its Western Canadian assets. This page was last edited on 31 October 2020, at 22:22 (UTC). Dream Industrial REIT Announces BBB Rating by DBRS and New C$200 Million Euro-Denominated Unsecured Financing Oct 22, 2020 Dream Industrial REIT October 2020 Monthly Distribution Last edited on 31 October 2020, at 22:22. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. More at Wikipedia D ... Dream Office vs. Dream Industrial REIT? DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). [9], As at March 31, 2019, Dream Office had 37 properties with a gross leasable area of 7.3 million sf. chevron_right. Most countries' laws on REITs entitle a real estate company to … [14], "Dundee acquires Whiterock in hot market for REITs", "Inside Michael Cooper's $1.3-billion bet on Scotia Plaza", "Dundee Industrial REIT IPO brings in the money", "Dundee REIT's new name is Dream Office REIT", "Dream Office REIT turns to nightmare for investors after massive writedown", "The humiliation, and comeback, of real estate wunderkind Michael Cooper", "Dream Office REIT selling Scotia Plaza stake, other assets for $1.7B - Article - BNN", "For Dream Office REIT chairman Michael Cooper, downsizing pays off", "Dream Office REIT - 2019 Q1 Financial Report", https://en.wikipedia.org/w/index.php?title=Dream_Office_Real_Estate_Investment_Trust&oldid=989646479, Companies listed on the Toronto Stock Exchange, All Wikipedia articles written in Canadian English, Articles with unsourced statements from November 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 November 2020, at 05:27. In June 2017, it announced the sale of $1.7 billion worth of properties, including the sale of its remaining stake in Scotia Plaza to KingSett Capital and AIMCo. Dream has been on a rollercoaster the last four years: overexposed to Alberta, sold Scotia Plaza, trying to diversify within Alberta; onerous management contracts to buy out. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dundee REIT was formed in 2003, from the commercial properties of Dundee Realty. NOV 19, 2020. A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate.REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests.Some REITs engage in financing real estate. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT is a pure-play industrial REIT that owns high-quality industrial properties across Canada, the U.S. and Europe Following our European expansion and acquisitions announced in January 2020, our pro forma portfolio comprises 263 properties totalling 26.3 million square feet. Dream Industrial REIT pays a monthly distribution to its Unitholders of which only a portion is taxable. Worth considering buying D.UN instead and get a discount. Ownership is disclosed in their quarterly report. Dundee REIT was formed in 2003, from the commercial properties of Dundee Realty. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. 6:08 PM EST. [12] The majority of the company's properties are located in downtown Toronto, with others located in Calgary, Saskatchewan, and elsewhere in Canada. 10:12 AM EST. Dream Office Reit holds a major position in Dream Industrial Reit, and at a significant discount to NAV. Dream Industrial REIT (TSX: DIR.UN) ("Dream Industrial", "DIR", or the "Trust") announced today that it has priced a private placement of senior unsecured debentures (the "Offering") consisting of C$250 million principal amount of 1.662% Series A Debentures maturing on December 22, 2025 (the "Series A Debentures"). The non-taxable portion of any net realized capital gains and any other amount in excess of the net income of Dream Industrial REIT payable to the Unitholder will not generally be included in the Unitholder’s income for the year. Sunridge Business Park, Calgary. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT November 2020 Monthly Distribution. H&R REIT (TSX:HR.UN) H&R REIT (TSX:HR.UN) is more of a REIT value play than RioCan. The remainder of Dundee Realty was taken over by its major shareholder, Dundee Bancorp (now called Dundee Corporation). Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. We provide our tenants with better communities to work in . In January 2012, the company acquired Whiterock REIT, a competing … Announced Period Amount Yield Ex-Dividend Date Record Date Payable Date; 11/19/2020: Monthly: $0.0580: 11/27/2020: 11/30/2020: 12/15/2020: 10/21/2020: Monthly: $0.0580: 10/29/2020: 10/30/2020: 11/13/2020: 6/19/2020: Monthly: $0.0580: 6/29/2020: 6/30/2020: 7/15/2020: 5/20/2020: Monthly: $0.0580: 5/28/2020: 5/29/2020 : … November 16, 2020. [11], In February 2018, Dream announced that Michael Cooper, its CEO until 2014, would return as CEO later in the year. It is the third largest REIT in Canada by market capitalization (after RioCan and Choice Properties). Dream Industrial REIT (TSE:DIR) Dividend History by Quarter. Dream Office REIT (formerly Dundee REIT) is a Canadian real estate investment trust (REIT). http://web.tmxmoney.com/article.php?newsid=74139190&qm_symbol=SOT.UN, https://en.wikipedia.org/w/index.php?title=List_of_REITs_in_Canada&oldid=986444598, Creative Commons Attribution-ShareAlike License, Centurion Real Estate Opportunities Trust (private), Alignvest Student Housing REIT (private) (, Centurion Apartment Real Estate Investment Trust (private) (, Equiton Residention Income Fund Trust (private) (, NorthWest Healthcare Properties REIT (NWH.UN)(, American Hotel Income Properties REIT (HOT.UN)(, Automotive Properties Real Estate Investment Trust (, This page was last edited on 31 October 2020, at 22:22. Include Fully Leased Properties. 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