DREAM OFFICE REIT $29.14 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www.dundeereit.com; Units outstanding: 103.4 million; Market cap: $3.1 billion; Dividend yield: 7.7%) is the new name for Dundee REIT. The trading symbol is unchanged.
Dream owns and manages 24.6 million square feet of office and retail space in major cities across Canada. Its occupancy rate is 94.2%.
In the quarter ended March 31, 2014, Dream’s revenue rose 9.0%, to $206.7 million from $189.6 million a year earlier. The trust continues to renew expiring leases at higher rates. It has also added 1.2 million square feet of space over the past year.
Cash flow gained 9.2%, to $67.3 million from $61.6 million, while cash flow per unit rose 1.6%, to $0.62 from $0.61, on more units outstanding.
The trust pays a monthly distribution of $0.1866 a unit, for a 7.7% yield.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
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