Portfolio

Overview

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

Modern, Functional and Well Located Assets

Dream Industrial Warehouse Building in Whitby Ontario

Whitby, ON

Dream Industrial Warehouse Building in the Netherlands

Waddinxveen, Netherlands

Aerial image of Dream Industrial Warehouse Building in Orlando Florida

Orlando, FL

Aerial image of Dream Industrial Warehouse Building in Oakville Ontario

Oakville, ON

Dream Industrial Building in Ede, Netherlands on a cloudy day beside the river with green grass.

Ede, Netherlands

Aerial image of Dream Industrial Warehouse Building in Kentucky

Louisville, KY

Aerial image of Dream Industrial Warehouse Building in Cornwall surrounded by trees.

Charlotte, NC

Blue skies with clouds surrounding Dream Industrial warehouse building in the Netherlands.

Breda, Netherlands

Image of Dream Industrial building in Ohio with an overcast sky.

Columbus, OH

Aerial image of Dream Industrial Warehouse Building in Montreal, QC with blue skies and water in the background.

Montreal,QC

Aerial image of Dream Industrial Warehouse Building in Vaughn, Ontario with city skyline in the background.

Vaughan, ON

Aerial image of Dream Industrial Warehouse Building in Germany surrounded by a village of other buildings.

Frankfurt, Germany

Aerial image of Dream Industrial Warehouse Building in Heerenveen

Heerenveen, Netherlands

Dream Industrial Warehouse Building in Cincinatti, Ohio

Cincinatti, OH

Brown building aerial shot of Dream Industrial's warehouse in Germany.

Dresden, Germany

Our assets by building type

Across our regions, our portfolio consists of distribution, urban logistics and light industrial buildings.

As at September 30, 2021, our investment property value by building type allocated by region is as follows (all dollar amounts in these charts are presented in millions)*

Distribution Buildings

Highly functional big-bay buildings located in close proximity to airports and major transportation corridors, catering to e-commerce and logistics tenants.

Urban Logistics

Small to mid bay properties located close to major population centres and ideally suited to meet last mile distribution needs.

Light Industrial

Mid to large bay assets where tenants have typically invested significant amounts capital and are committed to the space.

Geographically Diverse Portfolio

$5.0B Total Investment Properties Value

Canada

$3.0B 60% of investment properties value

Exceptionally well-located urban portfolio located mostly in the Greater Toronto Area, Greater Montreal Area, and Calgary

Europe

$2.0B 40% of investment properties value

Urban portfolio located close to dense population centres, primarily in the Randstad region within the Netherlands, Germany, and France.

U.S.

25% interest in a US$0.5B private industrial fund

Mid-to-large bay distribution facilities located within a day’s truck drive to over 50% of the North American population

Focused portfolio strategy

In Canada, our strategy is to acquire mid-to-large-bay properties primarily in the Greater Toronto Area and the Greater Montréal Area where we expect to benefit from increased user demand relative to supply of quality industrial product, and where in-place rental rates are generally below market rental rates and the outlook for rental rate growth is robust. The Trust is also targeting to increase scale in our existing sub-markets and add to our large urban logistics clusters.

In Europe, our goal is to acquire mid-to-large-bay properties in major Western European markets. Across these markets, there is growing demand for urban logistics space, increased user demand relative to supply of quality industrial product, attractive going-in capitalization rates and upside potential from growth in market rents.

In the U.S., our strategy is to continue pursuing long-term growth alongside strong institutional partners through our retained 25% interest in the U.S. Fund. A subsidiary of the Trust will provide property management, construction management and leasing services to the Fund at market rates. This is expected to provide a growing income stream to the Trust as the U.S. Fund scales in attractive U.S. industrial markets. This transaction allows the Trust to continue to grow in attractive U.S. industrial markets, improving overall portfolio quality and diversification, while maintaining an enhanced geographic mix.

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