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An announcement from DREAM Un Cl A ( (TSE:DRM) ) is now available.
Dream Industrial REIT, CPP Investments, and Dream Asset Management Corporation formed a $3 billion joint venture focused on acquiring last-mile industrial properties in Canada’s major markets, leveraging $1.1 billion in equity capital. This collaboration is anticipated to expand the companies’ reach in the rapidly growing industrial sector, enhance their market presence, and drive long-term value for investors and stakeholders while contributing to the growth of the Canadian industrial real estate market.
The most recent analyst rating on (TSE:DRM) stock is a Hold with a C$18.00 price target. To see the full list of analyst forecasts on DREAM Un Cl A stock, see the TSE:DRM Stock Forecast page.
Spark’s Take on TSE:DRM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DRM is a Neutral.
DREAM Un Cl A’s overall score reflects moderate financial performance with significant cash flow challenges, bearish technical indicators, and mixed sentiment from the earnings call. However, the stock’s valuation is attractive with a low P/E ratio and high dividend yield, providing some upside potential.
To see Spark’s full report on TSE:DRM stock, click here.
More about DREAM Un Cl A
Dream Industrial Real Estate Investment Trust specializes in managing and operating industrial properties across Canada, Europe, and the U.S., with a portfolio comprising 340 assets. The company aims to deliver strong returns for stakeholders while focusing on strategic, well-located industrial properties.
Average Trading Volume: 41,718
Technical Sentiment Signal: Sell
Current Market Cap: C$720.7M
See more insights into DRM stock on TipRanks’ Stock Analysis page.