July 21, 2018 - POW
New! Power Corporation of Canada Q1-2018 Earnings and Price Target .....
July 19, 2018 - GWO
New! Great-West Lifeco Inc. Q1-2018 Earnings & Price Target .....
July 18, 2018 - SLF
Sun Life Financial Inc. Q1-2018 Earings & Price Target .....
July 17, 2018 - MFC
Manulife Financial Corp. Q1-2018 Earnings Update .....
July 15, 2018 - MRG.UN
Morguard North American Residential REIT. Q1-2018 Earnings Update .....
July 14, 2018 - MRT.UN
Morguard REIT Q1-2018 Earnings Update .....
July 13, 2018 - AGF.B
AGF Management Ltd - Q2-2018 Earnings & Price Target Update .....
July 11, 2018 - CIX
CI Financial Inc. Q1-2018 Earnings & Price Target .....
Recommendation Changes
T, ACR.UN, CUF.UN, BLX, EMA, more...

Dream Global REIT - 2017 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Dream Global REIT (formerly Dundee International REIT) was established in Aug-2011 to invest in a portfolio of real estate located in Germany primarily occupied by Deutsche Post. As of Dec-31-2017 Deutsche Post only comprised 9% of annual revenues. The strategy goal when the REIT was initially formed was to use the single tenant portfolio as a platform for expansion in Europe. At Dec-32-2017 the portfolio consisted of 265 properties comprised 20M sq. ft., an increase from the Dec-31-2017 count of 164 properties. The large increase was primarily the result of expanding into the Netherlands with an acquisition having a low occupancy rate that management expects to improve. At inception in 2011 assets consisted of a portfolio of 292 office, mixed use and industrial properties, with a small residential component, comprising approximately 12.3M sq. ft. located in Germany. The properties were mainly acquired from Deutsche Post who contributed 90% of total revenues. The properties are generally strategically located near central train stations and main retail areas and are easily accessible by public transportation.

Properties acquired since the IPO in 2011 include 40 office properties. Of this total, 34 properties are located in cities across Germany. A 50% interest in eight properties was sold in late 2014 to a joint venture fund, and early 2015 to POBA, a South Korean pension fund. In addition, one of the jointly owned properties is with an Asian sovereign wealth fund, is located in Vienna, Austria. In comparison to the Initial Properties, the Acquisition Properties acquired since the IPO are larger, newer or recently refurbished, multi-tenant buildings. In May 2017 the Dutch portfolio was acquired.

Acquisitions, Dispositions, Development

You must be a member to view the entire article, please subscribe or login

New Issues & Acquisition
July 20, 2018
New! Coverage Universe - Weekly Price Changes July 13-20, 2018
July 13, 2018
Coverage Universe - Weekly Price Changes July 6-13, 2018
July 9, 2018
Atrium Mortgage Investment Corp. 5.5% Convertible Debentures New Issue
July 6, 2018
Coverage Universe - Weekly Price Changes June 29-July 6, 2018
June 29, 2018
Coverage Universe - Weekly Price Changes June 22-29, 2018
June 23, 2018
Coverage Universe - Weekly Price Changes June 15-22, 2018
June 15, 2018
Coverage Universe - Weekly Price Changes June 8-15, 2018
June 13, 2018
Firm Capital Mortgage Investment Trust - New Convertible Debenture