Investor Presentation December 2015 1 Participation in - - PowerPoint PPT Presentation

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Jan 04, 2023 557 likes •912 views

Investor Presentation December 2015 1 Participation in strong Canadian industrial fundamentals Current Canadian interest rate and foreign exchange environment favorable to industrial sector Low vacancy rate

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Investor Presentation

December 2015

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Participation in strong Canadian industrial fundamentals

Current Canadian interest rate and foreign exchange environment favorable to industrial sector
Low vacancy rate
Strong demand for multi-tenant, small bay space and limited new supply under construction

Quality Portfolio

Two thirds of our portfolio is multi-tenant, offering significant rental growth opportunities
Well diversified by geography and tenant mix, no tenant represents over 3.6% of net operating income
Limited direct exposure to Western Canada oil & gas industry (0.9% of total GLA expires in the next two years)
Alberta portfolio is currently 97% occupied

Track record of growth & performance since IPO

5.5% compounded annual AFFO growth since IPO forecast in Oct 2012
Increasing asset base from $0.7 billion to $1.7 billion, growing and diversifying the initial 6 million s.f. portfolio

to 17 million s.f. across all major markets

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Secure and stable distribution

85% payout ratio in Q3-15
Current yield ~9%
Increased distribution by 4% in April 2013

Attractive valuation provides opportune entry point

DIR.UN currently trades at an attractive 10.4x P/AFFO and 24% discount to NAV, based on consensus

estimates

Consensus “BUY” rating from eight of nine Canadian sell-side research analysts

Operating with an established platform, and opportunity to leverage relationship with Dream

Over 100 dedicated staff members primarily in leasing, property management and other functions
Full access to Dream’s extensive network of global relationships, track record of value creation for unitholders,

and transaction & capital markets expertise

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Market size by province (GLA)

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Multi-tenant: 66% Single-tenant: 34%

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Single- tenant Multi-tenant

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42% of GLA 0% 39% of GLA 19% of GLA

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Warehouse & Distribution: Brick (Montreal)

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Warehouse & Distribution: Brick (Montreal)

100% leased GLA: 327,000 sq.ft. Ceiling height: 41 ft. Site coverage: 30% Remaining lease term: 8.7 years

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Flex Industrial: Sunridge Business Park (Calgary)

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Flex Industrial: Sunridge Business Park (Calgary)

97% leased, over 40 tenants GLA: 600,000 sq.ft. / 12 buildings Ceiling height: 24 ft. Remaining lease term: 3.6 years

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Light Manufacturing (2360 Cornwall Rd, Oakville)

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Light Manufacturing (2360 Cornwall Rd, Oakville)

100% leased to 3 tenants GLA: 200,000 sq.ft. Ceiling height: 28 ft. Site coverage: 40% Remaining lease term: 5.1 years

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Total Portfolio Occupancy 94.6% Average Remaining Lease Term 4.3 Years

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Calgary, 24% GTA, 23% Montreal, 20% Halifax, 16% Edmonton, 8% Regina, 6% Other ON, 3%

Tenants in our Portfolio Geographic NOI %

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Unencumbered Assets $117 million Interest Coverage Ratio 3.1x

$0 $25 $50 $75 $100 $125 $150 $175 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Mortgages & Credit Facility Convertible Debentures

3.99%

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Dream Hard Asset Alternatives Trust

Dream Office REIT

Drea eam Indu dustr stria ial l RE REIT

Dream Global REIT Housing & Urban Development Land Development Renewable Power

Largest Office REIT in Canada One of the Largest Dedicated Industrial REITs in Canada Largest Global REIT in Canada Fund for New Opportunities for Hard Asset Investments

Asset Management & Adv dvis isory ry Serv ervic ices es / Publ blic icly listed funds Oper peratin ing Busin ines esses es

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LRT

Current Situation

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