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Dream Office REIT (D.UN-T)
TSE:D.UN
18.47
0.25
(1.34%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Weekly 52-Week Low (or 52-Week High): BAM-T, IAG-T, ONC-T, CCB-X and More 52-Week Highs and Lows (Oct 02-08)Weekly 52-Week Low (or 52-Week High): BDT-T, BN-T, YES-X, SPB-T and More 52-Week Highs and Lows (Oct 09-15)This summary was created by AI, based on 2 opinions in the last 12 months.
Experts have differing opinions on Dream Office REIT (D.UN-T), with one expert expressing concerns about the challenging office environment, B-team assets, and leasing issues, while another expert highlights the strong free cash flow yield, high occupancy rate, and growing funds from operations. Overall, the company seems to be facing challenges but also has positive attributes for long-term investment.
$21.260
No
It has been a tough environment for REITs in general, although industrial REITs have been holding up better than the rest. DIR.UN has a strong free cash flow yield, it offers a distribution yield of 5.4%, and has a high occupancy rate of 96%. Its FFO/debt ratio has been climbing over the years, signalling its funds from operations have been growing relative to its debt load. We would be comfortable buying DIR.UN for a long-term hold.
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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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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(D.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
Dream Office REIT(D.UN-T) Frequently Asked Questions
What is Dream Office REIT stock symbol?
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
Is Dream Office REIT a buy or a sell?
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.
Is Dream Office REIT a good investment or a top pick?
Dream Office REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Dream Office REIT.
Why is Dream Office REIT stock dropping?
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.
Is Dream Office REIT worth watching?
2 stock analysts on Stockchase covered Dream Office REIT In the last year. It is a trending stock that is worth watching.
What is Dream Office REIT stock price?
On 2024-12-12, Dream Office REIT (D.UN-T) stock closed at a price of $18.47.
Office environment continues to be challenging. B-team assets. Lots of work needs to be done on leasing. To invest, you have to be positive on the Toronto office environment, these assets, use of capital, and these operators. He's not there yet for Toronto.