Earnings
October 19, 2018 - AW.UN
New! A&W Revenue Royalties Income Fund - Q3-2018 Earnings .....
October 18, 2018 - PBH
Premium Brands Holding Corp. Q2-2018 Earnings & Price Target Update .....
October 18, 2018 - CGX
Cineplex Inc. Q2-2018 Earnings & Price Target Update .....
October 17, 2018 - GEI
Gibson Energy Inc. Q2-2018 Earnings & Price Target Update .....
October 16, 2018 - MRT.UN
Morguard REIT Q2-2018 Earnings & Price Target Update .....
October 14, 2018 - HSE
Husky Energy Inc. Q2-2018 Earnings & Price Target .....
October 11, 2018 - VET
Vermilion Energy Inc. Q2-2018 Earnings & Price Target Update .....
October 10, 2018 - CPG
Crescent Point Energy Corp. Q2-2018 Earnings & Price Target Update .....
Recommendation Changes
CGX, GEI, HSE, ALA, RSI, 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


Login
Username
Password
New Issues & Acquisition
October 19, 2018
New! Coverage Universe - Weekly Price Changes Oct 12-19, 2018
October 12, 2018
Coverage Universe - Weekly Price Changes Oct 5-12, 2018
October 6, 2018
Coverage Universe - Weekly Price Changes Sept 28 - Oct 5, 2018
October 2, 2018
Bank of Nova Scotia - 4.85% 5 yr Rate Reset Preferred Shares New Issue
September 28, 2018
Mogo Financial Convertible Debenture Terms
September 21, 2018
Coverage Universe - Weekly Price Changes Sept 14-21, 2018
September 14, 2018
Coverage Universe - Weekly Price Changes Sept 7-14, 2018
September 7, 2018
Coverage Universe - Weekly Price Changes Sept 1-7, 2018