Dream Office REIT (D.UN-T) Stock Predictions - Stockchase
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Dream Office REIT (D.UN-T)

ON STOCKCHASE SINCE Jul 2003

Formerly Dundee Office REIT (June 2014)

property mngmnt/investment

Dream Office REIT

D.UN-T

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Dream Office REIT (D.UN-T) SAVE Dec, 10, 2018, 4:10 pm

23.75 0.26 (1.08%)

About Dream Office REIT (D.UN-T)

Dream Office REIT is one of the largest Real Estate Investment Trusts in Canada. The company owns office buildings across Canada totalling approx 23 million square feet of gross leaseable area. More at Wikipedia

What the experts are saying about D.UN-T



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HOLD
Dream Office REIT(D.UN-T) 

December 5, 2018

This is a hidden gem although it has had its challenges a few years ago. The CEO took the big steps back then and they are well positioned today as a result. They are focused on Toronto, which has seen tremendous growth and getting big rents.
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This is a hidden gem although it has had its challenges a few years ago. The CEO took the big steps back then and they are well positioned today as a result. They are focused on Toronto, which has seen tremendous growth and getting big rents.
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$23.960
Owned Owned
No

BUY
Dream Office REIT(D.UN-T) 

November 9, 2018

They manage and own about 25 million square feet in Canada. They have a strong balance sheet. It is getting respect from the market now. They did a share buyback at the beginning of the year. They divested some of their US assets at the beginning of the year. He has a $26 target on it.
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They manage and own about 25 million square feet in Canada. They have a strong balance sheet. It is getting respect from the market now. They did a share buyback at the beginning of the year. They divested some of their US assets at the beginning of the year. He has a $26 target on it.
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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$23.780
Owned Owned
Yes

COMMENT
Dream Office REIT(D.UN-T) 

August 16, 2018

It struggled for a few years, because the industrial market hadn't taken hold, but now it's in the right place at the right time. Warehouses need to fulfill for customers, and Dream is in the right spot. External managerment's equity raises will dilute share value, which displeases him though.

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It struggled for a few years, because the industrial market hadn't taken hold, but now it's in the right place at the right time. Warehouses need to fulfill for customers, and Dream is in the right spot. External managerment's equity raises will dilute share value, which displeases him though.

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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$24.840
Owned Owned
Unknown

DON'T BUY

Dream Office vs. Dream Industrial REIT? Dream has been on a rollercoaster the last four years: overexposed to Alberta, sold Scotia Plaza, trying to diversify within Alberta; onerous management contracts to buy out. They're a work-in-progress with better days ahead. He would lean towards the Industrial REIT, but still expensive though it's outperformed Office REIT, but he just doesn't trust it. 

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Dream Office vs. Dream Industrial REIT? Dream has been on a rollercoaster the last four years: overexposed to Alberta, sold Scotia Plaza, trying to diversify within Alberta; onerous management contracts to buy out. They're a work-in-progress with better days ahead. He would lean towards the Industrial REIT, but still expensive though it's outperformed Office REIT, but he just doesn't trust it. 

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$24.650
Owned Owned
Unknown

SELL
Dream Office REIT(D.UN-T) 

April 23, 2018

They are doing a second big buyback of their stock.  He does not own any of the REITs because there is generally a lot of debt on their balance sheets.  He would accept a buyout.  It has been a well run company but the sector has some headwinds.

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They are doing a second big buyback of their stock.  He does not own any of the REITs because there is generally a lot of debt on their balance sheets.  He would accept a buyout.  It has been a well run company but the sector has some headwinds.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$23.630
Owned Owned
Unknown

COMMENT
Dream Office REIT(D.UN-T) 

January 23, 2018

All the REITs are going through a bit of metamorphosis, and the industrial REITs are no different, particularly with the trade talks that have been going on. With the changing pattern of logistics of shipping and transport, a lot of these properties are in play, and a lot of investors have stepped back with the appearance of interest rates going up.

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All the REITs are going through a bit of metamorphosis, and the industrial REITs are no different, particularly with the trade talks that have been going on. With the changing pattern of logistics of shipping and transport, a lot of these properties are in play, and a lot of investors have stepped back with the appearance of interest rates going up.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$22.840
Owned Owned
No

COMMENT
Dream Office REIT(D.UN-T) 

December 15, 2017

On Q3, they substantially completed most of their asset sales for $1.6 billion. The balance sheet is in much better shape. Has material exposure to the Toronto market which is very hot. Payout ratio is fine on 2018, but will be better in 2019. Through the asset sales their funds from operations dropped 8% 2017-2019. It’s a much better quality name now than it was. Really pricey trading at about 20X. This is one he would be selling Calls on.

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On Q3, they substantially completed most of their asset sales for $1.6 billion. The balance sheet is in much better shape. Has material exposure to the Toronto market which is very hot. Payout ratio is fine on 2018, but will be better in 2019. Through the asset sales their funds from operations dropped 8% 2017-2019. It’s a much better quality name now than it was. Really pricey trading at about 20X. This is one he would be selling Calls on.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$22.640
Owned Owned
Unknown

DON'T BUY
Dream Office REIT(D.UN-T) 

August 3, 2017

It has struggled.  They had quite a large portfolio in Alberta.  It recovered over the last 6 months.  He has never really liked this REIT.  It still does not have the greatest assets.  They cut their distribution and that caused the fall.  The yield is sustainable now, however.

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It has struggled.  They had quite a large portfolio in Alberta.  It recovered over the last 6 months.  He has never really liked this REIT.  It still does not have the greatest assets.  They cut their distribution and that caused the fall.  The yield is sustainable now, however.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$19.750
Owned Owned
Unknown

COMMENT

A bit of a work in progress. They are tethered to Alberta to a large extent. Their NAV keeps falling. Thinks they are going to cut their distribution. Expects they are going to turn themselves around to a much more pristine asset. Transitioning into a higher quality, especially in the GTA. 4.75% dividend yield. Feels it is a turn around play and you get paid to wait.

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A bit of a work in progress. They are tethered to Alberta to a large extent. Their NAV keeps falling. Thinks they are going to cut their distribution. Expects they are going to turn themselves around to a much more pristine asset. Transitioning into a higher quality, especially in the GTA. 4.75% dividend yield. Feels it is a turn around play and you get paid to wait.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$19.050
Owned Owned
Unknown

DON'T BUY
Dream Office REIT(D.UN-T) 

April 18, 2017

Not a name for a yield investor even though it has an attractive yield, as it is going through a lot of transitions. He has warned about owning stocks through transition periods. A great company with great management, however when you start churning the amount of assets they have, they are selling billions of dollars of assets with a hope to redeploy them. Feels the dividend could be cut again. Dividend yield of 7.5%.

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Not a name for a yield investor even though it has an attractive yield, as it is going through a lot of transitions. He has warned about owning stocks through transition periods. A great company with great management, however when you start churning the amount of assets they have, they are selling billions of dollars of assets with a hope to redeploy them. Feels the dividend could be cut again. Dividend yield of 7.5%.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$20.140
Owned Owned
No

DON'T BUY
Dream Office REIT(D.UN-T) 

March 28, 2017

He avoided it for years.  It got crushed in Alberta.  The biggest issue is the quality of their assets.  Management has a contract that is based on growth and is excessive.  Avoid it.

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He avoided it for years.  It got crushed in Alberta.  The biggest issue is the quality of their assets.  Management has a contract that is based on growth and is excessive.  Avoid it.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$19.250
Owned Owned
Unknown

COMMENT
Dream Office REIT(D.UN-T) 

February 3, 2017

Focused on the office sector, and has a large Calgary and Edmonton portfolio. Recently sold $200 million of Calgary office but still have the Edmonton exposure. Also, sold their Kitchener/Waterloo exposure. They will continue to sell assets and focus on their Class A office, especially in the Toronto area. REITs in transition are always challenging. If you have held this for some time, there is no point in selling now. It has actually done quite well recently. If they cut the dividend, that will actually be very interesting, as you have a higher quality REIT with a more reasonable payout. Dividend yield of 7.6%.

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Focused on the office sector, and has a large Calgary and Edmonton portfolio. Recently sold $200 million of Calgary office but still have the Edmonton exposure. Also, sold their Kitchener/Waterloo exposure. They will continue to sell assets and focus on their Class A office, especially in the Toronto area. REITs in transition are always challenging. If you have held this for some time, there is no point in selling now. It has actually done quite well recently. If they cut the dividend, that will actually be very interesting, as you have a higher quality REIT with a more reasonable payout. Dividend yield of 7.6%.

property mngmnt/investment
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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$19.820
Owned Owned
Unknown

DON'T BUY
Dream Office REIT(D.UN-T) 

February 2, 2017

He has seen significant restructuring going on, but there are better places to go if you want this space.  He does not have anything in this space.

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He has seen significant restructuring going on, but there are better places to go if you want this space.  He does not have anything in this space.

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$19.690
Owned Owned
No

COMMENT
Dream Office REIT(D.UN-T) 

September 16, 2016

The chart looks like it is basically locked in a trading range. In this environment when everybody is looking for yield, this stock should have some support, and looks fairly safe. Slightly bullish, not outrageously bullish. He would not hold this for too long, because it is underperforming its peer group. Maybe a 6-9 or 18-month Hold is okay, but wouldn’t let the dividend lure you into holding it for too long.

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The chart looks like it is basically locked in a trading range. In this environment when everybody is looking for yield, this stock should have some support, and looks fairly safe. Slightly bullish, not outrageously bullish. He would not hold this for too long, because it is underperforming its peer group. Maybe a 6-9 or 18-month Hold is okay, but wouldn’t let the dividend lure you into holding it for too long.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$16.830
Owned Owned
Unknown

WAIT
Dream Office REIT(D.UN-T) 

September 2, 2016

Not a big fan, just because of the noise in the Calgary market. However, we are at the $16 range where it has bottomed, and he would be loath to take a hit here. There are a number of things that could be happening between now and the end of the year that could create some kind of a pickup in the stock, and he would wait for that before making any decision.

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Not a big fan, just because of the noise in the Calgary market. However, we are at the $16 range where it has bottomed, and he would be loath to take a hit here. There are a number of things that could be happening between now and the end of the year that could create some kind of a pickup in the stock, and he would wait for that before making any decision.

property mngmnt/investment
0 0 0 0 0
0 comments
Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$16.250
Owned Owned
No

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