D.UN
DUNDEE REIT, symbol D.UN on Toronto, owns and manages 14.7 million square feet of office, industrial and retail space, including 88 office buildings and 49 industrial properties. The real estate investment trust’s occupancy rate is 96.1%.
In the three months ended March 31, 2011, Dundee’s revenue rose 57.4%, to $91.0 million from $57.8 million a year earlier. Most of the rise …read more »
DUNDEE REIT $15.56 (Toronto symbol D.UN; SI Rating: Speculative) (416-365-3535; www.dundeereit.com; Shares outstanding: 17.3 million; Market cap: $269 million) owns and operates seven million square feet of office, industrial and retail space, including 43 office buildings and 36 industrial properties. Western Canada represents 85% of its square footage. GE Real Estate owns a 15% voting interest in Dundee REIT, and …read more »
DUNDEE REIT $13.88 (Toronto symbol D.UN; SI Rating: Speculative) (416-365-3535; www.dundeereit.com; Shares outstanding: 16.9 million; Market cap: $235.2 million) owns and operates seven million square feet of office, industrial and retail space, including 43 office buildings and 36 industrial properties. GE Real Estate holds a 14.3% voting interest in Dundee, and Dundee Corp. holds 16%.
Revenues were $50.4 million in …read more »
PRECISION DRILLING TRUST $11 (Toronto symbol PD.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 125.8 million; Market cap: $1.4 billion; SI Rating: Extra risk) is Canada’s largest provider of contract drilling and related services to the oil and natural gas exploration industry.
Precision currently operates 249 drilling rigs, mainly in Canada. However, many of its Canadian customers suspend exploration during the …read more »
We recommend few income trusts. That’s because most trusts involve substantial risk, such as focusing on a single commodity or geographic area.
Here are four trusts we do see as buys. Despite Ottawa’s plan to start taxing trust distributions in 2011, they should continue to pay above-average yields for years to come.
These four trusts should also appeal to BCE investors seeking …read more »
DUNDEE REIT $19.26 (Toronto symbol D.UN; SI Rating: Speculative) (416-365-3535; www.dundeereit.com; Shares outstanding: 17.1 million; Market cap: $328.4 million) owns and operates 7.2 million square feet of office, industrial and retail properties. It now holds 42 office buildings and 36 industrial properties. GE Real Estate holds a 14.3% voting interest in Dundee.
The company continues to focus on properties in western …read more »
PRECISION DRILLING TRUST $25 (Toronto symbol PD.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 125.8 million;Market cap: $3.1 billion; SI Rating: Extra risk) is Canada’s largest contract driller. It pays monthly distributions of $0.13 a unit, for a yield of 6.2%.
Precision recently offered to buy American Exchange-listed Grey Wolf Inc., which operates drilling rigs in the U.S. Gulf Coast region. …read more »
These three resource income trusts are more volatile than telecom stocks. But we feel their high yields and steady cash flows help offset their risk. As always, you should limit income trusts to no more than 15% of your total portfolio.
PENGROWTH ENERGY TRUST $18 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 247.9 million;Market cap: $4.5 billion; SI …read more »
PRT FOREST REGENERATION INCOME FUND $4.05 (Toronto symbol PRT.UN; SI Rating: Speculative) (250-381-1404; www.prtgroup.com; Shares outstanding: 9.6 million; Market cap: $38.9 million) is the largest producer of container-grown forest seedlings in North America.
The company operates 15 nurseries, in B.C., Alberta, Saskatchewan and Ontario in Canada, and in Oregon in the United States. It grows seedlings in environmentally controlled greenhouses and …read more »
PRECISION DRILLING TRUST $28 (Toronto symbol PD.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 125.8 million; Market cap: $3.5 billion; SI Rating: Extra risk) is the largest contract driller in Canada. It operates 231 drilling rigs, 223 well servicing rigs and a rental and production services division. It also operates 14 drilling rigs in the United States, and one rig …read more »
