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Experts believe that commercial office companies, including Dream Office REIT, are facing challenges due to low occupancy rates and the impact of remote work. While D.UN is priced favorably, there are still risks associated with its small size and the overall sector challenges. However, it is recognized as a good operator with valuable office buildings, particularly in Toronto. Both D.UN and CSH.UN trade at wide discounts to NAV, but neither have clear catalysts for growth in the near future. CSH.UN is at risk of cutting distribution due to lower occupancy, while D.UN is seen as being in an extremely tough sector due to high vacancy rates.
In very different sectors. Both trade at wide discount to NAV. Neither has catalysts on horizon. CSH.UN at risk of cutting distribution, which is not being covered due to lower occupancy. CSH trustees see growth coming, but can it recover occupancy levels lost during Covid? He's watching that, as it's hard to invest in the face of a possible cut. D.UN is in an extremely tough sector. Office space, globally, has suffered with work from home. Office sector is not dead, but vacancy rates are in high teens and climbing. A good operator, Dream still owns good office buildings, especially in Toronto.
Dream Office REIT is a Canadian stock, trading under the symbol D.UN-T on the Toronto Stock Exchange (D.UN-CT). It is usually referred to as TSX:D.UN or D.UN-T
In the last year, 2 stock analysts published opinions about D.UN-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Dream Office REIT.
Dream Office REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Dream Office REIT.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Dream Office REIT In the last year. It is a trending stock that is worth watching.
On 2024-03-18, Dream Office REIT (D.UN-T) stock closed at a price of $15.9.
Investors really do not like commercial office companies right now. D.UN has an 80% in-place occupancy rate, down from year end (0.8%) and down 1.5% from last year's comparable quarter. It is priced well, but there are risks here, and its small size adds risk as well. We would see it as a higher-risk hold.
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