These two offer growth and income

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DREAM OFFICE REIT $19.37 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www. dream.ca/office; Units outstanding: 108.7 million; Market cap: $2.1 billion; Dividend yield: 7.7%) owns and manages 106 office and retail properties in major Canadian cities. Early last year, the REIT launched a three-year strategic plan to push up its unit price. That strategy includes selling non-essential properties worth $3.0 billion in order to realize their full market value. Dream has sold roughly $1.3 billion in properties so far. It also has $224 million more with sale agreements in place, and a further $256 million under negotiation. Overall, the REIT will use most of the proceeds from its property sales to pay down its high-interest debt. In the three months ended March 31, 2017, Dream’s revenue fell 9.1%, to $152.4 million from $167.5 million a year earlier. Cash flow per share fell 14.5%, to $0.59 from $0.69. The REIT had 106 properties at the end of the latest quarter, down from 160 a..