RY 159.01 -1.1808% SHOP 111.96 -3.5077% TD 83.98 0.0% ENB 62.07 -1.1939% BN 65.98 -4.1128% TRI 247.94 -1.5642% CNQ 39.39 -1.2287% CP 100.94 -2.152% CNR 136.5 -0.5899% BMO 127.33 -1.5388% BNS 65.33 -0.548% CSU 4587.2002 -2.0361% CM 80.55 -1.2868% MFC 39.05 -1.5132% ATD 71.585 0.3997% NGT 76.26 0.0525% TRP 66.79 -2.4394% SU 47.74 -0.1255% WCN 267.81 -2.0303% L 213.61 -0.0328%
Section1: Company Overview
Dream Industrial Real Estate Investment Trust (TSX: DIR.UN) is an unincorporated, open-ended real estate investment trust. Its 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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.
This Report covers the Key Recommendation Rationale, Key Financial Metrics, Valuation, Target Price, and Recommendation on the stock.
1.1 Key Recommendation Rationale
Section2: Financial Highlights
2.1 Key Financial Highlights
Section 3: Stock Recommendation Summary
3.1 Valuation Methodology
Valuation Methodology (Illustrative): EV to Sales based
3.2 Price Performance and Stock Recommendation
The stock has witnessed an upside of ~10.06% and ~9.62% over the last 1 month and 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 48.23 and 52-week low price of CAD 20.67, providing an opportunity to exit. Furthermore, the prices are trading near the resistance and could make some correction.
3.3 One-Year Technical Price Chart
One-Year Technical Price Chart (as of July 19, 2024). Source: REFINITIV, Analysis: Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, and currency as of July 19, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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