Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, January 15, 2016

Article Excerpt

In next week’s Stock Pickers Digest Hotline, we’ll reveal our top stock picks for 2016. Don’t miss this unique opportunity to profit. DREAM OFFICE REIT, $14.57, symbol D.UN on Toronto, owns and manages 174 properties comprising 23.3 million square feet of office and retail space in major Canadian cities. In the three months ended September 30, 2015, Dream Office’s revenue rose slightly, to $202.4 million from $201.7 million a year earlier. Cash flow gained 2.5%, to $69.7 million from $68.1 million, while cash flow per unit fell 3.2% to $0.61 from $0.63, on more units outstanding. Dream pays a monthly distribution of $0.1866 a unit, for a high 15.4% yield. It pays out a reasonable 92% of its cash flow as distributions, and it continues to keep its occupancy rate high in spite of the slowdown in Alberta and new office buildings coming on the Toronto market. While it’s not guaranteed, Dream Office’s payout appears sustainable. OUR RECOMMENDATION: Dream Office REIT is a buy. Dream…