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Dream Industrial REIT Announces BBB Rating by DBRS and New C$200 Million Euro-Denominated Unsecured Financing

Oct 22, 2020•over 4 years ago

Amount Raised

$200 Million

Toronto

Description

Dream Industrial REIT (TSX: DIR.UN) (“Dream Industrial”, “DIR”, or the “Trust”) announced today that it has been assigned an Issuer Rating of BBB with Stable Trend by DBRS Limited (“DBRS Morningstar”). This is the first time Dream Industrial has been rated by DBRS Morningstar. In its report, DBRS Morningstar noted that the Trust benefits from superior tenant, property and geographic diversification, strong interest coverage and leverage levels commensurate with its rating.

Company Information

Company

Dream Industrial Real Estate Investment Trust

Location

Toronto, Ontario, Canada

About

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca.

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