Topic: How To Invest

Q: Hi Pat: May I have your opinion of Dream Global, please? Many thanks.

Article Excerpt

A: Dream Global REIT, $10.49, symbol DRG.UN on Toronto (Units outstanding: 124.9 million; Market cap: $1.5 billion; www.dream.ca/global), is a Canadian real estate investment trust that focuses on investing outside the country. It aims to grow by acquiring different types of properties in certain European countries, starting with Germany. The REIT first sold units to the public in August 2011. Initially, it sold 27 million units at $10 each to raise $270 million. It raised a further $140 million in an issue of unsecured loan certificates, or debentures. The trust used the total proceeds of $410 million to help buy a $1 billion portfolio of properties in Germany from Deutsche Post. That’s the largest postal company in Europe. These buildings are located in major cities and towns, often on a central square near the main train or bus station. Deutsche Post remains its largest tenant. As of March 31, 2017, Dream Global owned 169 commercial properties that contain a total of 12.9 million…