The Globe and Mail reports in its Friday, Feb. 6, edition that National Bank analyst Matt Kornack and Giuliano Thornhill continue to rate Dream Industrial REIT "outperform," with an unchanged unit target of $15.75. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $14.65. Mr. Kornack and Mr. Thornhill say in a note: "Given recent trading outperformance for Granite, which was our top industrial pick with our 2026 outlook and the unexpected Canadian JV struck with CPPIB, which came in ahead of management's book value, Dream has moved back to our top industrial total return. This is by no means a negative reflection of Granite, where we expect strong results in Q4 and into at least H1/26 on leasing completed over the last few years. Admittedly, we would own both names given a broader industrial sentiment shift. The only caveat is a potentially contentious trade negotiation with the U.S., which could impact economies on both sides of the border. Nonetheless, we seem to have inflected from a supply and demand standpoint for North American industrial fundamentals, resulting in an expectation for market rents to bottom before moving higher."