Dream Industrial REIT (TSE:DIR) Dividend History by Quarter. chevron_right. [12] The majority of the company's properties are located in downtown Toronto, with others located in Calgary, Saskatchewan, and elsewhere in Canada. 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. November 16, 2020. SUBSCRIBE TO ALERTS. It is usually referred to as TSX:DIR.UN or DIR.UN-T Is Dream Industrial REIT a buy or a sell? Dream Office Reit holds a major position in Dream Industrial Reit, and at a significant discount to NAV. Business Wire . 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." 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"). [3] In January 2012, the company acquired Whiterock REIT, a competing office property REIT, for $582 million. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates high-quality industrial properties across Canada, the U.S. and now Europe. 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 November 2020 Monthly Distribution. Presentations. Shelby V, Memphis TN. Worth considering buying D.UN instead and get a discount. [8] The company had significant exposure to the Alberta market as the result of the 2007 sale of its eastern Canadian properties to GE Capital; at one time, 60% of the company's properties were in Alberta. [11], In February 2018, Dream announced that Michael Cooper, its CEO until 2014, would return as CEO later in the year. In 2011, the company bought 29 buildings from Blackstone Real Estateand Slate Properties for $832 million. 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. Hide Results expand_less Dream … Dream Office REIT (formerly Dundee REIT) is a Canadian real estate investment trust (REIT). 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. 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. Shares are … * 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. [citation needed] The company's portfolio consists almost exclusively of office buildings in the central part of cities. 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 [9], As at March 31, 2019, Dream Office had 37 properties with a gross leasable area of 7.3 million sf. Content is available under CC BY-SA 3.0 unless otherwise noted. This page was last edited on 31 October 2020, at 22:22 (UTC). [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. Last edited on 31 October 2020, at 22:22. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. 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. [6] Dundee Industrial held its $155 million IPO in September 2012. Globe and Mail advanced charts offer real-time price streaming, dynamic click and drag interaction, event indicators and technical studies. Dundee Corporation is a significant shareholder in Dream, but not in Dream Office 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. 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. DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distr... Read more . NOV 19, 2020. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. [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. Our leasable spaces are located in high-quality properties in major markets across Canada. In January 2012, the company acquired Whiterock REIT, a competing … NOV 3, 2020. Dream Industrial REIT is a Canadian stock, trading under the symbol DIR.UN-T on the Toronto Stock Exchange (DIR-UN-CT). 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 Real Estate Investment Trust Units. In 2007, the company sold its Eastern Canadian assets to GE Real Estate for $2.4 billion, while retaining its Western Canadian assets. Dream Industrial REIT pays a monthly distribution to its Unitholders of which only a portion is taxable. Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. More at Wikipedia D ... Dream Office vs. Dream Industrial REIT? "Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. 3 analysts recommended to SELL the stock. In the last year, 8 stock analysts published opinions about DIR.UN-T. 3 analysts recommended to BUY the stock. 6:08 PM EST. [13] The Dream name was originally an acronym for Dundee Real Estate Asset Management. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. This is a list of publicly traded and private real estate investment trusts (REITs) in Canada. H&R REIT (TSX:HR.UN) H&R REIT (TSX:HR.UN) is more of a REIT value play than RioCan. Include Fully Leased Properties. 10:12 AM EST. [9] As a result of its financial problems, the company sold many of its properties in 2016 and 2017. We provide our tenants with better communities to work in . On May 8, 2014 the company was renamed to Dream Office REIT from Dundee REIT. Dundee REIT was formed in 2003, from the commercial properties of Dundee Realty. Dream Industrial REIT owns and operates a portfolio of 244 geographically diversified industrial distribution and warehousing properties. Advertisement. 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. [1] The remainder of Dundee Realty was taken over by its major shareholder, Dundee Bancorp (now called Dundee Corporation). Dream Office owns around 16% of Dream Industrial REIT. 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. [2] In 2011, the company bought 29 buildings from Blackstone Real Estate and Slate Properties for $832 million. 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 : … ADD TO WATCHLIST. [5], In 2012, the company spun-off its industrial properties into a new company, Dundee Industrial REIT (later renamed Dream Industrial REIT). They're a work-in-progress with better days ahead. Valued at ~300M. It is the third largest REIT in Canada by market capitalization (after RioCan and Choice Properties). [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. We provide investors with direct exposure to the industrial real estate sector. Dream Office REIT menu. Business Wire . [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. 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. Sunridge Business Park, Calgary. Ownership is disclosed in their quarterly report. About Us; Portfolio; Investors; Leasing; Tenants; News & Events Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. 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). [7], In 2016, the company took a $749 million writedown, primarily relating to its Alberta office properties. The remainder of Dundee Realty was taken over by its major shareholder, Dundee Bancorp (now called Dundee Corporation). [1] In 2007, the company sold its Eastern Canadian assets to GE Real Estate for $2.4 billion, while retaining its Western Canadian assets. 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