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Last C$28.37 CAD
Change Today 0.00 / 0.00%
Volume 0.0
D-U On Other Exchanges
Symbol
Exchange
Toronto
As of 4:00 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

dream office real estate inv (D-U) Snapshot

Open
C$28.42
Previous Close
C$28.37
Day High
C$28.50
Day Low
C$28.19
52 Week High
05/21/14 - C$29.79
52 Week Low
12/11/14 - C$23.80
Market Cap
3.1B
Average Volume 10 Days
695.6K
EPS TTM
C$1.45
Shares Outstanding
108.1M
EX-Date
04/28/15
P/E TM
19.5x
Dividend
C$2.24
Dividend Yield
7.90%
Current Stock Chart for DREAM OFFICE REAL ESTATE INV (D-U)

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dream office real estate inv (D-U) Details

Dundee REIT is an open-ended real estate investment trust. The firm invests in the real estate markets of the Canada. It makes investments in office real estate properties to create its portfolio. Dundee REIT is based in Toronto, Canada.

dream office real estate inv (D-U) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: C$129.2K
Chief Operating Officer
Total Annual Compensation: C$248.3K
Compensation as of Fiscal Year 2014.

dream office real estate inv (D-U) Key Developments

Dream Office Reit Announces April 2015 Monthly Distribution, Payable on May 15, 2015

Dream Office REIT announced its April 2015 monthly distribution of 18.666 cents per REIT Unit, Series A ($2.24 annualized). The April distribution will be payable on May 15, 2015 to unitholders of record as at April 30, 2015.

Dream Office REIT Announces Reorganization of the Management Structure; and Executive Changes

DREAM UNLIMITED CORP AND Dream Office REIT jointly announced a reorganization of the management structure of Dream Office REIT (the REIT) to better align the management structure of the REIT with the interests of its unitholders. As a result of the reorganization, the annual management fee, acquisition fee and capital expenditure fee payable by the REIT under its asset management agreement have been eliminated. Dream Asset Management Corporation ("Dream"), the 70%- owned subsidiary of Dream Unlimited Corp., will continue to provide strategic oversight of the REIT pursuant to a management services agreement, which includes an incentive fee tied to increases in the net asset value of the REIT and, together with its Chief Executive Officer Michael Cooper. The reorganization was unanimously approved by the Board of Trustees, with those trustees with an interest in Dream Unlimited Corp. having declared their interest and not participated in the approval. The reorganization was unanimously recommended to the Board of Trustees for approval by the Governance, Compensation and Environmental Committee of the REIT consisting of trustees independent of Dream Unlimited Corp. The Committee received independent financial advice from GMP Securities LLP and independent legal advice from Stikeman Elliott LLP. The Committee received an opinion from GMP to the effect that, as of April 1, 2015, subject to the assumptions and qualifications contained in such opinion, the consideration paid by the REIT for the subsidiary of Dream is fair, from a financial point of view, to the REIT. Jane Gavan will continue as Chief Executive Officer of the REIT. Michael Cooper has been appointed by the Board of Trustees as Chairman of the Board of the REIT. The REIT intends to hire a Chief Financial Officer, who will be an employee of the REIT, to complement the existing senior management team.

Dream Office REIT Announces March 2015 Monthly Distribution, Payable on April 15, 2015

Dream Office REIT announced its March 2015 monthly distribution of 18.666 cents per REIT Unit, Series A ($2.24 annualized). The March distribution will be payable on April 15, 2015 to unit holders of record as at March 31, 2015.

 

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Industry Analysis

D-U

Industry Average

Valuation D-U Industry Range
Price/Earnings 18.4x
Price/Sales 3.8x
Price/Book 0.8x
Price/Cash Flow 18.0x
TEV/Sales NM Not Meaningful
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