Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, August 10, 2012

Article Excerpt

DUNDEE REIT, $38.40, symbol D.UN on Toronto, owns and manages 27.6 million square feet of office, industrial and retail space. The real estate investment trust’s occupancy rate is 95.6%. In the three months ended June 30, 2012, Dundee’s revenue jumped 89.6%, to $181.2 million from $95.6 million a year earlier. Most of the increase came from properties the trust recently purchased. The best way to assess a real estate investment trust’s operating performance is to look at its cash flow, and Dundee’s cash flow rose 78.9% in the latest quarter, to $56.0 million from $31.3 million. Cash flow per unit rose 8.9%, to $0.61 from $0.56, due to more units outstanding (the trust issued new units to pay for recent property purchases). Dundee bought $1.6 billion of properties in 2011, up from $900 million in 2010. So far this year, it has completed a further $2.4 billion of acquisitions totalling 9.3 million square feet. One of these additions was Whiterock REIT (symbol WRK.UN…