03:08:25 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Dream Office Real Estate Investment Trust
Symbol D
Shares Issued 107,780,327
Close 2015-11-25 C$ 18.20
Market Cap C$ 1,961,601,951
Recent Sedar Documents

Stock Pickers says buy Dream Office REIT

2015-11-26 21:17 ET - In the News

Stock Pickers Digest, in its November, 2015, issue, says buy Dream Office Real Estate Investment Trust, recently $21.36. 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 $20,441. Dream Office owns and manages 176 properties comprising 24.1 million square feet of office space in major cities across Canada. In the three months ended June 30, 2015, the REIT's revenues slipped to $201.4-million from $204.4-million a year earlier. The trust sold four properties to Dream Industrial REIT for $33-million in September, 2014. Dream Office's cash flow improved to $73.1-million in the latest quarter from $69.1-million a year earlier. Focusing on office properties entail some short-term risk as completed and soon-to-be-finished developments will likely increase vacancy rates. Then again, Dream Office has many federal and provincial government tenants on long-term leases and long-term demand for office space should rise. The stock remains a buy.

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