Enjoy a 4.3% yield from Dream Office REIT

Enjoy a 4.3% yield from Dream Office REIT

Demand for office space remains depressed as employees continue to work from home due to COVID-19. However, vaccines should see many offices re-open in the next several months.

That will let this REIT maintain its current payments, or even raise them, despite lower revenues and… Read More

Hold on to this REIT ETF

ISHARES S&P/TSX REIT INDEX ETF, $20.33, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 21 Canadian real estate investment trusts in the S&P/TSX REIT Index.
Investors pay an MER of 0.61%, and the REIT fund gives… Read More

Dream taps the key Toronto market

DREAM OFFICE REIT $21.77 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (www.dream.ca/office; Shares o/s: 50.7 million; Market cap: $1.2 billion; Dividend yield: 4.6%) launched a three-year strategic initiative in 2016. As part of that plan, it sold roughly 138 properties for $3.7 billion. It used… Read More

Get a 4.7% yield from Dream Office REIT

Get a 4.7% yield from Dream Office REIT

Deferred rents have contributed to a 10.6% revenue decline and a 9.5% cash flow drop from a year earlier.

But while COVID-19 has hurt this REIT, current distributions look sustainable.

DREAM OFFICE REIT (Toronto symbol D.UN; www.dream.ca) launched a three-year strategic initiative in 2016. As part… Read More

Get a 4.9% yield from Dream Office REIT

Get a 4.9% yield from Dream Office REIT

Despite COVID-19’s impact on the economy, this REIT’s Toronto properties should continue to attract tenants without the need for deep rent discounts.

The REIT’s recently completed restructuring plan has shifted its focus to more-promising properties in higher value areas. That will also help it maintain its… Read More

Hold off on new buying

ISHARES S&P/TSX REIT INDEX ETF, $14.53, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap all 21 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay a MER of 0.61%, and the REIT fund gives you a.. Read More