Topic: How To Invest

Pat: Thanks for all your good advice in the past. I have held on to Dream Global REIT since the Dundee days and it seemed promising. Do you think it is worth holding or should I sell? Thank you.

Article Excerpt

Dream Global REIT (formerly Dundee International REIT), $7.65, symbol DRG.UN on Toronto (Units outstanding: 113.0 million; Market cap: $885.0 million; www.dream.ca/global), is a Canadian real estate investment trust that focuses on investing outside the country. It aims to grow by acquiring different types of properties in certain European countries, starting with Germany. The REIT first sold units to the public in August 2011. Initially, it sold 27 million units for $10 each to raise $270 million. It raised a further $140 million in an issue of debentures. The trust used the total proceeds of $410 million to help buy a $1-billion portfolio of properties in Germany from Deutsche Post, Europe’s largest postal company. These buildings are located in major cities and towns, often on a central square near the main train or bus station. Deutsche Post now leases back much of the space. In the first nine months of 2015, Dream …