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Dream Office REIT Stock Symbol: D.UN-T

Notes:

Formerly Dundee Office REIT (June 2014)

Last Price Recorded: 29.2300 on 2014-07-30 01:14:05

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Date Signal Expert Opinion Price
2014-07-29 TOP PICK Ross Healy

The stock has been unfairly hammered by the market and has very nice upside potential. Yield of 7.66%.


Price:
$29.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-15 DON'T BUY Derek Warren

It is stuck in a rut.  They own a lot of the buildings in the core.  They are adding a lot of supply.  Does not see a solution any time soon.  Prefers Dream unlimited.  ‘Dream’ is a branding effort.  They are changing the way they do things in this company and he is positive about it.


Price:
$29.040
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2014-07-09 HOLD Michael Missaghie

Dream REITs are not knew, just renamed.  In 2016/17 is when a lot more supply comes on and is only 50% pre-leased.  He continues to own it because it trades below NAV, leverage has lowered over the last few years and the distribution is stable.


Price:
$29.100
Subject:
REIT's
Bias:
CAUTIOUS
Owned:
Yes
2014-06-13 COMMENT Derek Warren

Dream Office REIT (D.UN-T) versus Summit Industrial REIT (SMU.UN-T)? In general, he really likes the industrial space, which is going to benefit the most from the improving US economy as industry picks up. This one would have a little bit more growth opportunity. Summit is fully leased, and has a longer lease term, so you won’t see as much turnover, and you want turnover in the sort term. (See Top Picks.)


Price:
$28.900
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
No
2014-05-23 DON'T BUY Michele Robitaille

Dundee (D.UN-T) or H&R Real Estate (HR.UN-T)? She would recommend H&R. One of the challenges with Dundee is that it had really grown through acquisitions and played the Cap Rate compression game and that game is now over. She is a little less favourable on office properties, which she thinks will potentially be a little bit weak going forward.


Price:
$29.390
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Unknown
2014-04-29 WAIT Derek Warren

There is so much building going on in Toronto south of the tracks that the leasing environment is becoming very aggressive.  They feel some of the suburban tenants will leave and be hard to replace.  It lacks a catalyst and we need to see what is going to happen with the office market, which could take two years.


Price:
$29.010
Subject:
REIT's
Bias:
BULL on REITs
Owned:
No
2014-04-02 PAST TOP PICK Michael Bowman

(A Top Pick April 1/13. Down 15.47%.) Got out of this one a while ago. This one was hurt more than any other REIT out there. Part of the issue was the external management. Thinks this is a great Buy.


Price:
$29.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2014-03-27 SELL Andy Nasr

Prefers a Top Pick of his today. Owns a little bit still.  He avoids office sector because it has an increase in supply.  He is worried about ability to increase rents and sustain cash flow.  Dividend is safe.


Price:
$28.520
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-19 HOLD Michael Missaghie

Predominantly office REIT. Got hit over the last 6 months or so because they have done a fair bit of acquisition, raised equity to do so and in combination with that there are some fears about supply in the office markets, most notably in Calgary and Toronto. This drove the units down in comparison with some of their peers. Have actually improved their asset quality over the last 2-3 years, have lowered leverage and their payout ratio is very sustainable. Trading at about a 10%-12% discount to NAV. 7.8% yield.


Price:
$28.390
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2014-02-26 WEAK BUY Derek Warren

Externally managed.  Thinks it won’t change and that it will hold it back.  It is already at the bottom so going forward it will rise as the value of the properties rise.  Has a lot of exposure to GTA office markets but it is priced in.


Price:
$29.250
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Unknown
2014-01-24 HOLD Andy Nasr

Has been some softness in the office sector because of a threat of increased supply. You’ll see some new developments get delivered to the market during the next 3-5 years, mostly in major city centers like Calgary and Toronto. Usually when you see an increase in supply, you see a decrease in rents. Nationally, supply is going to increase by about 5% in the next few years, which will pressure this company’s rents. Yield is absolutely safe. Feels the stock will drift down $1-$2 lower.


Price:
$29.180
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
BULLISH
Owned:
Unknown
2014-01-16 COMMENT Greg Newman

Dundee (D.UN-T) or Cominar (CUF.UN-T)? Trading below his assumed NAV. To him, Cominar is the better pick because of a slightly higher dividend and a slightly lower payout ratio. Also, a little less expensive. This one probably looks better on leverage.


Price:
$29.450
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-01-07 COMMENT Christine Poole

Got hit along with the other REITs during the interest-rate scare. Very attractive dividend yield. Good, long-term hold for income.


Price:
$29.400
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-01-06 COMMENT Lorne Steinberg

There is nothing particularly wrong with this REIT. Well-run company. It’s just that rising interest rates are going to negatively impact all of these yield plays that investors were looking at as quasi-fixed income yields. Doesn’t know that he would get out of this but don’t expect much upside in the next couple of years.


Price:
$29.380
Subject:
GLOBAL & VALUE
Bias:
SELECTIVE
Owned:
Unknown
2014-01-02 TOP PICK Ross Healy

Has been really beaten up.  Yield down to 8%.  One of the two REITs with the highest yield and has a terrific balance sheet.  Nice discount to book value.


Price:
$28.740
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
Showing 1 to 15 of 142 entries
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