TSE:DIR.UN
14.18
0.08
(0.57%)
Analysis and Opinions about DIR.UN-T
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 20, 2020
His preference is to, rather than going into one particular name, he would go to a REIT ETF. There are several equal weight ETFs that do this. Get a basket of real estate trusts.
Show full opinionHide full opinion
His preference is to, rather than going into one particular name, he would go to a REIT ETF. There are several equal weight ETFs that do this. Get a basket of real estate trusts.
HOLD
HOLD
December 10, 2019
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.
Show full opinionHide full opinionDream 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.
WATCH
WATCH
August 19, 2019
These industrial REITs have all done really well. CAP rates are moving down. It is the growthier area of the sector. They have a big focus on Germany and Western Europe, where there are issues right now. (Analysts’ price target is $16.15)
Show full opinionHide full opinionThese industrial REITs have all done really well. CAP rates are moving down. It is the growthier area of the sector. They have a big focus on Germany and Western Europe, where there are issues right now. (Analysts’ price target is $16.15)
HOLD
HOLD
July 31, 2019
He likes the industrial space and is reasonably valued. A nice yield.
Show full opinionHide full opinionHe likes the industrial space and is reasonably valued. A nice yield.
COMMENT
COMMENT
July 23, 2019
He does not own this one, but really likes the space. It has had a good go over the past 6 months. They are trying to expand into the US by selling some of their eastern Canadian assets. Their vacancy rates are near record lows. However, he sees their move into the US being a little late and feels they over-distribute their cash. He would prefer WPT.U-T.
Show full opinionHide full opinionHe does not own this one, but really likes the space. It has had a good go over the past 6 months. They are trying to expand into the US by selling some of their eastern Canadian assets. Their vacancy rates are near record lows. However, he sees their move into the US being a little late and feels they over-distribute their cash. He would prefer WPT.U-T.
BUY
BUY
March 18, 2019
Dream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both.
Show full opinionHide full opinionDream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both.
BUY
BUY
March 1, 2019
This is an interesting story. Industrial rental spaces are in short supply. Value creation will be as they renew leases and lease rates go up. He likes the yield. They just made an acquisition.
Show full opinionHide full opinionThis is an interesting story. Industrial rental spaces are in short supply. Value creation will be as they renew leases and lease rates go up. He likes the yield. They just made an acquisition.
WATCH
WATCH
February 5, 2019
An industrial REIT? The industrial warehouse sector is in high demand and a growth area in the next decade. He's watching this closely. These stocks have done well and recommends Dream.
Show full opinionHide full opinionAn industrial REIT? The industrial warehouse sector is in high demand and a growth area in the next decade. He's watching this closely. These stocks have done well and recommends Dream.
BUY
BUY
October 9, 2018
Not many warehouses. He likes Summit Real Estate Investment (SMU.UN-T) more given their stronger presence in the GTA. Still it is a safe bet now for a long-term investor in a sector that is growing. One of the lower growth names in the sector but definitely likes the sector.
Not many warehouses. He likes Summit Real Estate Investment (SMU.UN-T) more given their stronger presence in the GTA. Still it is a safe bet now for a long-term investor in a sector that is growing. One of the lower growth names in the sector but definitely likes the sector.
COMMENT
COMMENT
May 29, 2018
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.
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.
BUY
BUY
June 1, 2017
This sector is doing incredibly well. In the REIT space, industrial properties are benefiting from the technological move, because they can demand really good sized rents if they have the proper facilities. That is growing quite well versus retail or office, which are really having problems.
This sector is doing incredibly well. In the REIT space, industrial properties are benefiting from the technological move, because they can demand really good sized rents if they have the proper facilities. That is growing quite well versus retail or office, which are really having problems.
COMMENT
COMMENT
April 18, 2017
Industrial markets are really hot. There is a lot of growth in rents and a lot of demand from tenants. A lot of this is coming from a push of the e-commerce world, where they need more logistics, more FedExes, etc. It will also start affecting smaller centres such as this company has, as people try to have same day delivery. The yield is very sustainable and the balance sheet is okay. Over the next couple of quarters, he is looking to see a little bit more of the transition improving economics of the revenue and rent lines. A good name. Dividend yield of 8.3%.
Industrial markets are really hot. There is a lot of growth in rents and a lot of demand from tenants. A lot of this is coming from a push of the e-commerce world, where they need more logistics, more FedExes, etc. It will also start affecting smaller centres such as this company has, as people try to have same day delivery. The yield is very sustainable and the balance sheet is okay. Over the next couple of quarters, he is looking to see a little bit more of the transition improving economics of the revenue and rent lines. A good name. Dividend yield of 8.3%.
COMMENT
COMMENT
March 31, 2017
Retail is doing worse than some of the other subsectors. He thinks industrial is a great way to hedge. He owns REI.UN-T. Most of their properties are anchored by grocery stories and so on. It is not an enclosed mall. The worry is if tenants will remain in malls. As Ecommerce increases there will be more demand for warehouse space.
Retail is doing worse than some of the other subsectors. He thinks industrial is a great way to hedge. He owns REI.UN-T. Most of their properties are anchored by grocery stories and so on. It is not an enclosed mall. The worry is if tenants will remain in malls. As Ecommerce increases there will be more demand for warehouse space.
COMMENT
COMMENT
February 3, 2017
He prefers the industrial name just because he likes the industrial market. Because there is a bit of taint against the Dream Empire, this has traded as a discount. However, the properties themselves are performing alright. Because of the Amazon phenomenon, some of the smaller industrial plots closer to downtown cores are being utilized more often by delivery companies to create faster deliveries.
He prefers the industrial name just because he likes the industrial market. Because there is a bit of taint against the Dream Empire, this has traded as a discount. However, the properties themselves are performing alright. Because of the Amazon phenomenon, some of the smaller industrial plots closer to downtown cores are being utilized more often by delivery companies to create faster deliveries.
COMMENT
COMMENT
January 6, 2017
7 analysts have a cash flow estimate of $.93, compared to last years of $.91. Dividend yield of 8.2% is at risk, because there is a payout of 93% of 4th quarter trailing cash flow. Earnings year-over-year was down 1% and sales were down 2%. ROE of 9% is reasonable. It ranks 558, in the bottom 3rd of his database. Prefers others. Dividend yield of 8%+.
7 analysts have a cash flow estimate of $.93, compared to last years of $.91. Dividend yield of 8.2% is at risk, because there is a payout of 93% of 4th quarter trailing cash flow. Earnings year-over-year was down 1% and sales were down 2%. ROE of 9% is reasonable. It ranks 558, in the bottom 3rd of his database. Prefers others. Dividend yield of 8%+.
