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Dream Industrial REIT Announces Credit Rating Upgrade to BBB (High) From BBB by Morningstar DBRS

BY MT Newswires | CORPORATE | 11/27/25 07:25 AM EST

07:25 AM EST, 11/27/2025 (MT Newswires) -- Dream Industrial Real Estate Investment Trust (DIR-UN.TO), trading near 52 week highs, overnight Wednesday announced receipt of its issuer rating and senior unsecured debentures credit rating upgrade to BBB (high) with Stable trends, from BBB, assigned by Morningstar DBRS.

The Trust said that, following the upgrade, it expects to achieve a reduction in the cost of borrowing on its existing C$750 million unsecured syndicated revolving credit facility, its existing US$250 million unsecured term loan and 153 million euros unsecured term loan, effective upon the next drawdown.

The rate of reduction in the cost of borrowing will vary by facility up to 25 basis points (bps) per annum in addition to an immediate 5 bps reduction in its standby fee pricing on the revolving credit facility, added the company.

"Representing one of the highest credit ratings currently granted within the Canadian REIT universe by DBRS, this upgrade is recognition of and reinforces confidence in the REIT's balance sheet strength and credit quality, which we expect will translate into lower borrowing costs going forward," said Lenis Quan, Chief Financial Officer of Dream Industrial REIT. "As we look to refinance our upcoming debt maturities, we expect the lower cost of debt to positively impact our annualized FFO per unit on a pro forma basis."

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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