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This press launch accommodates forward-looking data that’s based mostly upon assumptions and is topic to dangers and uncertainties as indicated within the cautionary word contained inside this press launch.
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NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES
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TORONTO — Dream Industrial REIT (TSX: DIR.UN) (the “Belief” or “Dream Industrial REIT”) introduced as we speak the closing of its beforehand introduced personal placement of senior unsecured debentures (the “Providing”) consisting of C$200 million mixture principal quantity of 4.150% Senior Unsecured Debentures, Sequence H maturing on April 22, 2031 (the “Sequence H Debentures”). In reference to the Providing, the Belief has entered into ahead cross-currency rate of interest swap preparations to swap the proceeds of the Providing to Euros to decrease the efficient mounted rate of interest of the Sequence H Debentures to 4.003%.
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The Sequence H Debentures are rated BBB (excessive) with a Steady Pattern by DBRS, Inc. The Belief intends to make use of the online proceeds from the Providing to repay current indebtedness (together with indebtedness incurred beneath the Belief’s revolving credit score facility in reference to the compensation of the Belief’s 3.968% Sequence E Debentures due April 13, 2026 upon maturity) and for normal belief functions.
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High Tales
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The Sequence H Debentures haven’t been and won’t be certified on the market to the general public beneath relevant securities legal guidelines in Canada and, accordingly, any provide or sale of the Sequence H Debentures in Canada will probably be made on a foundation which is exempt from the prospectus necessities of such securities legal guidelines. The Sequence H Debentures won’t be listed on any inventory alternate and there will probably be no marketplace for such securities. The Sequence H Debentures haven’t been, and won’t be, registered beneath america Securities Act of 1933, as amended, or any state securities legal guidelines and might not be supplied or offered in america and might not be supplied or offered to different individuals who usually are not residents of a province of Canada.
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About Dream Industrial Actual Property Funding Belief
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Dream Industrial REIT is an proprietor, supervisor, and operator of a worldwide portfolio of well-located, diversified industrial properties. As at December 31, 2025, Dream Industrial REIT has an curiosity in and manages a portfolio which includes 342 industrial property (555 buildings) totalling roughly 73.6 million sq. ft of gross leasable space in key markets throughout Canada, Europe, and the U.S. Dream Industrial REIT’s goal is to ship robust whole returns to its unitholders by means of safe distributions in addition to progress in web asset worth and money stream per unit underpinned by its high-quality portfolio and an funding grade steadiness sheet. Dream Industrial REIT is an unincorporated, open-ended actual property funding belief. For extra data, please go to our web site at www.dreamindustrialreit.ca.
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Ahead-Trying Data
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This press launch might include forward-looking data throughout the that means of relevant securities laws. Ahead-looking data typically may be recognized by way of forward-looking terminology comparable to “outlook”, “goal”, “might”, “will”, “count on”, “intend”, “estimate”, “anticipate”, “consider”, “ought to”, “plans”, or “proceed”, or related expressions suggesting future outcomes or occasions. A number of the particular forward-looking data on this press launch might embrace, amongst different issues, statements relating to the meant use of web proceeds of the Providing. Ahead-looking data is predicated on plenty of assumptions and is topic to plenty of dangers and uncertainties, a lot of that are past the Belief’s management, which may trigger precise outcomes to vary materially from these which can be disclosed in or implied by such forward-looking data. These dangers and uncertainties embrace, however usually are not restricted to, the chance of opposed world market, financial and political circumstances; dangers inherent in the true property business; competitors within the industrial actual property market; the Belief’s incapacity to execute its progress technique; dangers regarding geographic focus; dangers related to single tenant properties; the Belief might incur important capital expenditures; dangers regarding improvement prices; financing dangers; modifications in rates of interest; financial atmosphere dangers; the European actual property market; modifications in forex alternate charges; modifications in authorities laws; tax dangers; environmental contamination threat; local weather change threat; dangers regarding sourcing appropriate acquisitions; dangers regarding undisclosed defects and obligations in reference to property acquisitions; improvement threat; three way partnership threat; lack of key personnel; uninsured or underinsured losses; data expertise techniques threat; cyber safety dangers; well being crises; dangers associated to the imposition of duties, tariffs and different commerce restrictions and their impacts; controls and procedures threat; market threat; dangers regarding redemption of models; dangers associated to money distribution fluctuations; dangers regarding unitholder dilution; regulatory approvals could also be required on a redemption of models or termination of the Belief; dangers regarding authorized rights of unitholders; legal responsibility dangers of unitholders; dangers regarding the subordinated rights of unitholders; limitations on non-resident possession; forex dangers related to distributions for non-Canadian unitholders; the Belief is determined by the enterprise of Dream Industrial LP; dangers associated to the Belief’s means to implement contracts; potential conflicts of curiosity; the Belief depends on its asset managers for asset administration providers; and litigation threat.
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The Belief’s targets and forward-looking statements are based mostly on sure assumptions, together with that the final financial system stays steady, rates of interest stay steady, circumstances inside the true property market stay constant, rising alternative prices within the Belief’s working markets stay regular, competitors for acquisitions stays in line with the present local weather, that future market and financial circumstances will happen as anticipated and that geopolitical occasions, together with disputes between nations or the imposition of duties, tariffs, quotas, embargoes or different commerce restrictions (together with any retaliation to such measures), won’t disrupt world economies, and that the capital markets proceed to supply entry to fairness and/or debt. All forward-looking data on this press launch speaks as of the date of this press launch. The Belief doesn’t undertake to replace any such forward-looking data whether or not because of new data, future occasions or in any other case besides as required by regulation. Extra details about these assumptions and dangers and uncertainties is contained within the Belief’s filings with securities regulators, together with its newest annual data type and MD&A. These filings are additionally out there on the Belief’s web site at
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View supply model on businesswire.com:
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For additional data, please contact:
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Alexander Sannikov
President and Chief Govt Officer
(416) 365-4106
asannikov@dream.ca
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