Asset sales improve its outlook

DREAM OFFICE REIT $24 (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 59.8 million; Market cap: $1.4 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Average; www.dream.ca) launched a three-year strategic plan in 2016. That strategy includes selling non-essential properties in order to realize their full… Read More

These leaders continue to transform

DREAM OFFICE REIT $23.82 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www.dream.ca/office; Units outstanding: 60.0 million; Market cap: $1.6 billion; Dividend yield: 4.2%) owns and manages 34 office and retail properties in major Canadian cities. Altogether, they—including three projects in development—comprise 6.6 million square feet of leaseable… Read More

Q: Pat, may I have your thoughts on WPT Industrial REIT and Dream Industrial REIT? I was a shareholder of Pure Industrial REIT with great success until it was bought out. These warehouse REITs appear to be a great way to gain exposure to the online shopping phenomenon.

A: WPT Industrial REIT, $12.78, symbol WIR.U on Toronto (Units outstanding: 44.5 million; Market cap: $568.7 million; www.wptreit.com), is a Canadian REIT that owns and manages industrial properties in the U.S.

Right now, WPT has 54 properties in 15 states. In all, they include 18.1 million… Read More

These REITs offer dependable distributions

DREAM OFFICE REIT $24 (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 60.2 million; Market cap: $1.4 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Average; www.dream.ca) owns 38 office buildings, mainly in major Canadian cities. Altogether, they comprise 7.4 million square feet of leasable space… Read More

Here’s our Pick of the Month

DREAM OFFICE REIT $24.75 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www.dream.ca/office; Units outstanding: 60.1 million; Market cap: $1.6 billion; Dividend yield: 4.0%) owns and manages 38 office and retail properties in major Canadian cities. Altogether, they comprise 7.4 million square feet of leaseable space. This includes… Read More