10:26:21 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Dream Office Real Estate Investment Trust
Symbol D
Shares Issued 107,784,890
Close 2015-08-04 C$ 23.40
Market Cap C$ 2,522,166,426
Recent Sedar Documents

Stock Pickers refreshes Dream Office buy

2015-08-04 21:27 ET - In the News

Stock Pickers Digest, in its July, 2015, issue, refreshes its buy of Dream Office Real Estate Investment Trust, recently $25.34. Stock Pickers said buy 21 times from June, 1999, to April, 2015, at prices ranging from $1.31 to $39.04 (the stock rolled back 1 for 8 on June 18, 2001). Assuming an investment of $1,000 for each of the 21 buys, the $21,000 position would now be worth $24,250. Dream Office owns and manages 176 office properties comprising 24.1 million square feet in major cities across Canada. In the three months ended March 31, 2015, the REIT's revenues decreased to $205.2-million from $208.4-million a year earlier, since it sold four properties to Dream Industrial REIT for $33-million in September, 2014. Dream Office's cash flow per share for the first quarter of 2015 was 62 cents, which is unchanged from last year. Focusing on office properties entails some short-term risk, since new developments will likely push up vacancy rates later this year. On the bright side, Dream Office has a high percentage of federal and provincial tenants on long-term leases, which should support its occupancy rate during that period. The stock remains a buy.

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