Dream Industrial REIT (DIR.UN) Facts

Is Dream Industrial REIT's distribution safe?

Dream Industrial REIT (DIR.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio not available and FFO payout ratio 64.9% from that extraction period, plus Distribution Yield 5.04% from the public market snapshot as of August 25, 2026; the engine driver summary is FFO payout 65%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Dream Industrial REIT trading below Reported NAV?

Dream Industrial REIT (DIR.UN) has Price / Reported NAV of 0.84x, using price $14.02 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $16.60 from issuer filings as of December 31, 2025. This is a 15.5% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Dream Industrial REIT own?

Dream Industrial REIT (DIR.UN) describes its portfolio this way: Dream Industrial REIT is a pan-Canadian and European industrial REIT owning approximately 330 logistics, distribution, and light-manufacturing properties in Canada, the Netherlands, and Germany. Under CEO Alexander Sannikov, Dream Industrial has scaled rapidly in supply-constrained urban infill markets including Toronto, Montréal, Calgary, Amsterdam, and key Rhine-Ruhr logistics corridors, targeting last-mile and mid-bay distribution tenants benefiting from the structural growth of e-commerce and near-shoring trends. The same public row lists Market Cap $4.1B as of August 25, 2026 and sector Industrial; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.