Get a 4.7% yield from Dream Office REIT

Get a 4.7% yield from Dream Office REIT

Deferred rents have contributed to a 10.6% revenue decline and a 9.5% cash flow drop from a year earlier.

But while COVID-19 has hurt this REIT, current distributions look sustainable.

DREAM OFFICE REIT (Toronto symbol D.UN; www.dream.ca) launched a three-year strategic initiative in 2016. As part… Read More

Get a 4.9% yield from Dream Office REIT

Get a 4.9% yield from Dream Office REIT

Despite COVID-19’s impact on the economy, this REIT’s Toronto properties should continue to attract tenants without the need for deep rent discounts.

The REIT’s recently completed restructuring plan has shifted its focus to more-promising properties in higher value areas. That will also help it maintain its… Read More

Hold off on new buying

ISHARES S&P/TSX REIT INDEX ETF, $14.53, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap all 21 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay a MER of 0.61%, and the REIT fund gives you a.. Read More

Own all of the top REITs

ISHARES S&P/TSX REIT INDEX ETF, $14.93, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap all 21 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay a MER of 0.61%, and the REIT fund gives you a.. Read More

Get 4.5% yield from Dream Office REIT

Get 4.5% yield from Dream Office REIT

This REIT’s recently completed multi-year restructuring plan has shifted its focus to more promising properties in higher value areas.

At the same time, it has held its distribution steady for investors, which suggests even better long-term prospects lie ahead following short-term COVID-19 turmoil.

DREAM OFFICE REIT (Toronto… Read More

Hold Canada’s top REITs

ISHARES S&P/TSX REIT INDEX ETF, $13.33, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index.
Investors pay a reasonable MER of 0.61%, and the REIT fund gives you a.. Read More

Q: Pat, may I have your thoughts on Dream Industrial REIT? This warehouse REIT appears to be a great way to gain exposure to the online shopping phenomenon.

A: Dream Industrial REIT, $7.98, symbol DIR.UN on Toronto (Units outstanding: 152.2 million; Market cap: $1.2 billion; www.dreamindustrialreit.ca), offers investors a  portfolio of industrial properties in North America and Europe.

The REIT, originally named Dundee Industrial REIT, first sold units to the public and began trading… Read More

Restructuring at Dream Office REIT will reward investors

Restructuring at Dream Office REIT will reward investors

A three-year strategic initiative has delivered a strong balance sheet with a property portfolio focused primarily on Toronto.

Specifically, a recent series of sales and purchases have lowered debt while improving growth prospects.

The stock trades at 20.3 times the company’s forecast 2020 cash flow.


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