Topic: How To Invest

Q: Pat: What do you think of Dream Global REIT? It has a good dividend and offers international diversification in the real estate business.

Article Excerpt

A: Dream Global REIT, $11.05, symbol DRG.UN on Toronto (Units outstanding: 175.1 million; Market cap: $1.9 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 various types of properties in certain European countries, especially in 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. In May 2017, the REIT bought Airport Plaza, a multi-tenant office complex located in Brussels, Belgium. The purchase…