- Dream Office REIT manages a portfolio of office properties with most assets located in Toronto.
- The dividend is attractive and underpinned by the FFO, but sublease availability in Toronto has been increasing the past 12 months.
- Dream aggressively repurchased units on the open market at a 30% discount to NAV - an excellent method to increase the NAV/share.
- An interesting REIT with an interesting yield, but I'd like to see the Toronto office market gaining some strength before initiating a position.
For further details see:
Dream Office REIT: Strong Collection Rates And A Robust Balance Sheet Underpin The 4.7% Yield