Viewing Company Dream Office REIT | StockChase
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Dream Office REIT Stock Symbol: D.UN-T

Notes:

Formerly Dundee Office REIT (June 2014)

Last Price Recorded: $18.7000 on 2016-05-24

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Date Signal Expert Opinion Price
2016-05-18 COMMENT Steve Belisle

There is a lot of pressure on their portfolio. They have exposure to Calgary, and that market is weak, not only because of oil, but also there was a lot of new supply coming in. When new supply is coming onto the market on the office side, they tend to lease very well because it is brand-new and looks good, so older buildings tend to perform poorly. That has been impacting this company. There is a lot of value in the name. It is trading at a huge discount to NAV. For a long-term investor who thinks things are going to recover, this could be a good buy, but he sees a lot of risks. Dividend is greater than 7%, but he thinks they will try to hang onto it.


Price:
$19.080
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-10 COMMENT Richard Croft

This is a REIT that is in office space. You want to look at where they are located and where they’ve got their projects. This has a very good distribution, and it really comes down to occupancy rates.


Price:
$19.130
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2016-05-06 WAIT Derek Warren

Has been in a long-term decline due to its heavy exposure in the Alberta office market. Announced they were restructuring, slashed their dividend and were selling two thirds of the company. Just announced earnings which were in line with his expectations. When a company is going through a strategic restructuring, he tends to sit on the sidelines.


Price:
$20.210
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2016-04-11 WATCH Colin Stewart

He tracks it, but does not own it.  They have a lot of Western Canada exposure.  Great management.  Longer term they will do well, but there are challenges short term. 


Price:
$20.680
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
No
2016-02-03 COMMENT Derek Warren

This is tied more directly to the Alberta economy with pressures in Edmonton and Calgary offices. It’s Ontario portfolio is fine. 14% dividend yield which he feels should be cut.


Price:
$15.590
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Unknown
2016-01-28 HOLD Colin Stewart

Hold on to it if you have had it for a while.  It is a case of their cash flow being under pressure and they have leverage on their balance sheet.  Management is smart and as long as oil is not here for 5 years, this is not the time to sell but to hold on for sunnier days.


Price:
$15.860
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Unknown
2016-01-05 DON'T BUY Paul Gardner, CFA

He has disliked this story for so long.  He has a problem with their management contract and their fees.  They are in a space that is struggling.  They have suffered because of the properties outside of Calgary.  The overall assets are not great.  The dividend is safe.


Price:
$16.860
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2015-12-08 COMMENT Jeff Young

He has a little bit and thinks it is cheap. Trading well under NAV. It gets about 40% of its Net Operating Income from the West. There is a lot of capacity coming on in the office space, both in Toronto and Calgary. They are doing the right things on leasing. This is one that he hopes will rise after the pressures of this year come off. The company has said they are not looking at the 13% dividend as it is fine and their cash flow supports it at the moment.


Price:
$17.200
Subject:
CANADIAN DIVIDEND
Bias:
SELECTIVE
Owned:
Yes
2015-12-03 DON'T BUY Ben Cheng

Has been under pressure.  It is because of the decline in the valuations for office space in Alberta.  About 40% of their leasable space is in Alberta.  He is not worried about a dividend cut.  Real vacancy rates he thinks are much higher than published, for office space.  He thinks it is 25%.


Price:
$17.940
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
Bullish on Fixed Income
Owned:
Unknown
2015-11-12 WAIT Derek Warren

A very professional organization.  It becomes difficult to value the company, however.  They wrote down a Calgary office 15% as a part of their recent earnings.  He is keeping an eye on Edmonton vacations and they will do a deeper dive into the company. 


Price:
$19.320
Subject:
REIT's
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2015-11-09 HOLD Colin Stewart

Stock vs. Stock.  D.UN-T vs. CUF.UN-T.  Both distributions are pretty safe.  Interest rate rises are negatively affecting these.  A lot of investors have a fear regarding Canadian Real Estate. 


Price:
$20.240
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
No
2015-11-09 DON'T BUY Paul Harris, CFA

Stock has fallen a great deal because a lot of their properties are located in Calgary.


Price:
$20.240
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2015-10-13 HOLD John Stephenson

Primarily B level office space. Even though 30% of the portfolio is A class exposure, there is a compression in rents generally. As the A rents come down, B class tenants start to consider moving up, which puts pressure on the B’s. Good company and cash flow seems to be strong. Not really growing all that fast at this point.


Price:
$21.600
Subject:
NORTH AMERICAN
Bias:
BEARISH
Owned:
Unknown
2015-09-11 COMMENT Derek Warren

Market has been overly harsh on this vehicle for some time. The 11% yield is quite high. There have been several transactions where similar properties to their GTA portfolio, especially the one they bought in 2011, are trading at significant improvements, basically 30% higher than what this company paid. There has been speculation if they will cut. They don’t really need to, but if they did they would be using that money to produce more CapX and renovations on existing office portfolios.


Price:
$20.420
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Unknown
2015-08-20 PAST TOP PICK Ross Healy

(Top Pick Jul. 29/14, Down 18.67%)  Good quality REIT.  There are some concerns about some holdings in the West. 


Price:
$21.820
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
Showing 1 to 15 of 182 entries
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