TSE:D.UN

8.14
0.08 (0.99%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts' reviews reveal that Dream Office REIT (D.UN-T) is facing challenges due to lower occupancy rates and the impact of the COVID-19 pandemic on the commercial office sector. The company is considered a higher-risk hold, with concerns about its small size and the overall tough market conditions. However, it is noted that Dream still owns good office buildings, especially in Toronto, and is viewed as a good operator despite the challenging sector. The stock is trading well but comes with inherent risks, and investors are advised to proceed with caution.

Consensus
Caution
Valuation
Undervalued
Similar
CSH.UN, CSH.UN-T
RISKY
Dream Office REIT
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

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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property mngmnt / investment
DON'T BUY
Dream Office REIT
D.UN vs. CSH.UN

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. 

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Dream Office REIT
(A Top Pick Feb 18/21, Up 24.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with D.UN has triggered its stop at $24. To remain disciplined we recommend covering the position at this time.
property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Dream Office REIT
(A Top Pick Feb 18/21, Up 40.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with D.UN is progressing well. We now recommend trailing up the stop (from $22.50) to $24.00 at this time.
property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Dream Office REIT
(A Top Pick Feb 18/21, Up 29.9%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with D.UN is progressing well and has achieved our $25 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $16.00) to $$22.50.
property mngmnt / investment
DON'T BUY
Dream Office REIT
They have a corridor of office space in downtown Toronto, more of a boutique style of building. It was hoped they would garner above-market rents and have started to roll this out to market, but the issue is that it is a more difficult market. We have not seen a lot of leasing yet. We have to believe there will be a net reduction in office space demand after the pandemic. He is not looking to invest in it right now.
property mngmnt / investment
PARTIAL BUY
Dream Office REIT
Allan Tong’s Discover Picks I reiterate my buy call on Dream, which has climbed roughly 13.5% and paid half its 4.5% dividend since February. Its PE of 14.2x still trades below the industry’s 20x while its dividend relies on a payout ratio of 56%, also below the industry. Dream remains stable and safe, and good for income investors looking for their next REIT stock. Read 3 Promising Office and Mall REIT Stocks for our full analysis.
property mngmnt / investment
COMMENT
Dream Office REIT
An adept CEO. The REIT operates in the tough office space. They may have to offer incentives to tenants. Don't expect the same level of past income growth, but this REIT is cheap and stable. There are better growth prospects elsewhere, but if you're patient, believe in office space and like this value story, then hold onto this.
property mngmnt / investment
PARTIAL BUY
Dream Office REIT
Allan Tong’s Discover Picks Dream Office REIT,Stockchase’s research division recently recommended it and I have to agree. This REIT’s ROE stands at 15.17% vs. the industry’s 7.19%, and ROI is 8.43% against 3.89% of its peers. Dream Office REIT pays a 5.1% dividend which is inline with its peers, and the divvy is based on a very low 25.2% payout ratio. Cash flow is so robust that Dream has been buying back shares during the pandemic. Read 3 Daring Recovery Stocks for our full analysis.
property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Dream Office REIT
Stockchase Research Editor: Michael O'Reilly D.UN has survived the ravages of the pandemic, it pays an excellent dividend, backed by a 23% payout ratio of cashflow. Trading at 4.5x times earnings and 66% of book, it is good value here. As vaccinations increase and workplaces begin to reopen, this will continue to thrive. We would buy this with a stop-loss at $16, looking to achieve $25 -- upside potential of 28%. Yield 5.18% (Analysts’ price target is $24.96)
property mngmnt / investment
HOLD
Dream Office REIT
Dream Office vs. Dream Industrial Never a fan of Dream Office, which had a lot of Alberta exposure. He prefers the industrial side, which has performed better and faces little competition; there are only 3-4 industrial REITs in Canada. Hold both, don't buy or sell.
property mngmnt / investment
COMMENT
Dream Office REIT
It’s done quite well this year with a nice pop up. These are generally low risk stocks. He’s concerned about yield since it’s a little lower than others. It’s fairly valued right now.
property mngmnt / investment
WAIT
Dream Office REIT

The run up from $24 was impressive for D.UN-T. He does not own individual real estate -- he holds XRE-T instead. He would like to see it consolidate at these levels for a while before buying.

property mngmnt / investment
HOLD
Dream Office REIT
He owns quite a few of the Dream stocks. They have done well. US investors must be looking up here. The real estate market is really strong. Anytime he has sold a really good company on valuation he has regretted it.
property mngmnt / investment
HOLD
Dream Office REIT
A few years ago they were paying out too high a dividend relative to cash flow. Once they reduced the dividend it has now moved back to book value around $27. It still has decent upside potential. Technically it could slip down to $22. Yield 3.57%
property mngmnt / investment
Showing 1 to 15 of 222 entries

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

Stockchase rating for Dream Office REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 2024-02-23, Dream Office REIT (D.UN-T) stock closed at a price of $8.14.