dream office reit
Dream Office REIT is a Canadian real estate investment trust (REIT) that focuses on owning and managing high-quality office properties in urban centers, particularly in downtown Toronto.
It owns approximately 4 million square feet of office space across various locations in Canada.
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We can be wrong on any of our stock or REIT recommendations, of course. That’s why we feel that investors should build a portfolio of 10 to 20 mainly well established, dividend-paying stocks, including REITs, chosen mainly from our Average or higher ratings; you must also spread your holdings across most if not all of the five main economic sectors. That way the overall gains in the portfolio will offset declines in one or two holdings.
The unit price for Allied Properties has dropped over 25% given the REIT’s plans to sell additional units to pay down its high debt. That’s likely to dilute value for existing investors. In terms of these two REITs, we prefer Dream Office—enjoying rising demand. We now see Allied as a hold.
The unit price for Allied Properties has dropped over 25% given the REIT’s plans to sell additional units to pay down its high debt. That’s likely to dilute value for existing investors. In terms of these two REITs, we prefer Dream Office—enjoying rising demand. We now see Allied as a hold.
Dream Office REIT offers prime downtown Toronto office assets with a sustainable 5.8% yield while trading at just 6.9 times its forward per-unit cash flow forecast.