Dream Industrial REIT Declares Credit score Ranking Improve to BBB (Excessive) From BBB by Morningstar DBRS

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This press launch comprises forward-looking data that’s primarily based upon assumptions and is topic to dangers and uncertainties as indicated within the cautionary be aware contained inside this press launch. All greenback quantities are in Canadian {dollars} except in any other case indicated.

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TORONTO — Dream Industrial Actual Property Funding Belief (DIR.UN-TSX) (the “Belief” or “Dream Industrial REIT” or “Dream Industrial” or “we” or “us”) immediately introduced receipt of its issuer ranking and senior unsecured debentures credit standing improve to BBB (excessive) with Steady traits, from BBB, assigned by Morningstar DBRS (“DBRS”).

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“We’re proud to announce an improve in our credit standing to BBB (excessive),” stated Alexander Sannikov,

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President & Chief Govt Officer of Dream Industrial REIT. “This ranking improve displays the power of our city industrial portfolio and ongoing resilience of our enterprise. We stay firmly dedicated to disciplined capital allocation, sustaining a conservative stability sheet whereas pursuing accretive alternatives that maximize long-term worth for our Unitholders.”

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Following the improve, the Belief expects to realize a discount in the price of borrowing on its current $750 million unsecured syndicated revolving credit score facility, its current US$250 million unsecured time period mortgage and €153 million unsecured time period mortgage, efficient upon the following drawdown. The speed of discount in the price of borrowing will fluctuate by facility as much as 25 foundation factors (“bps”) each year along with a right away 5 bps discount in its standby charge pricing on the revolving credit score facility.

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“Representing one of many highest credit score scores at the moment granted inside the Canadian REIT universe by DBRS, this improve is recognition of and reinforces confidence within the REIT’s stability sheet power and credit score high quality, which we count on will translate into decrease borrowing prices going ahead,” stated Lenis Quan, Chief Monetary Officer of Dream Industrial REIT. “As we glance to refinance our upcoming debt maturities, we count on the decrease value of debt to positively affect our annualized FFO per unit on a professional forma foundation.”

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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 September 30, 2025, the REIT has an curiosity in and manages a portfolio which includes 340 industrial belongings (552 buildings) totalling roughly 73.2 million sq. ft of gross leasable space in key markets throughout Canada, Europe, and the U.S. The REIT’s goal is to ship sturdy complete returns to its unitholders via safe distributions in addition to development in internet asset worth and money stream per unit underpinned by its high-quality portfolio and an funding grade stability sheet. Dream Industrial REIT is an unincorporated, open-ended actual property funding belief. For extra data, please go to www.dreamindustrialreit.ca.

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Ahead wanting data

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This information launch might comprise forward-looking data inside the which means of relevant securities laws. Ahead wanting data typically might be recognized by way of forward-looking terminology akin 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 few of the particular forward-looking data on this information launch might embody, amongst different issues, the Belief’s capital allocation together with outcomes on Unitholder worth; the Belief’s anticipated value of debt on a go-forward foundation and timing of any reductions thereto; the Belief’s expectations concerning the lower of its rate of interest margins; and the Belief’s capacity to re-finance upcoming debt maturities at decreased prices and the associated affect on annualized FFO per unit. Ahead-looking data is predicated on various assumptions and is topic to various dangers and uncertainties, a lot of that are past the Belief’s management, which may trigger precise outcomes to vary materially from these which are disclosed in or implied by such forward-looking data. These dangers and uncertainties embody, however should not restricted to, basic and native financial and enterprise situations; employment ranges; mortgage and rates of interest and laws; inflation; dangers associated to a possible financial slowdown in sure of the jurisdictions by which the Belief operates and the impact inflation and any such financial slowdown might have on market situations and lease charges; dangers that the Belief’s operations could also be affected by adversarial international market, financial and political situations and different occasions past our management, together with dangers associated to the imposition of duties, tariffs and different commerce restrictions and their impacts; uncertainties across the timing and quantity of future financings; geopolitical occasions, together with disputes between nations, warfare and worldwide sanctions; the monetary situation of tenants; leasing dangers, together with these related to the flexibility to lease vacant house; rental charges and the power of rental charge development on future leasing; and curiosity and foreign money charge fluctuations. Our aims and forward-looking statements are primarily based on sure assumptions with respect to every of our markets, together with that the final economic system stays steady, together with that future market and financial situations 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), is not going to disrupt international economies; inflation and rates of interest is not going to materially enhance past present market expectations; situations inside the actual property market stay constant; competitors for acquisitions stays in step with the present local weather; and the capital markets proceed to supply prepared entry to fairness and/or debt. All forward-looking data on this information launch speaks as of the date of this information launch. The Belief doesn’t undertake to replace any such forward-looking data whether or not on account of new data, future occasions or in any other case besides as required by regulation. Further details about these assumptions and dangers and uncertainties is contained within the Belief’s filings with securities regulators, together with its newest annual data kind and MD&A. These filings are additionally out there on the Belief’s web site at www.dreamindustrialreit.ca.

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