High yield investors are primarily looking for three things:
- High Yield
- Dividend Safety & Predictability
- Dividend Growth
It is hard to find investments with a solid combination of all three characteristics. Some asset classes have a much higher probability of delivering on these goals than others.
Real estate investment trusts – or REITs, for short – can be a fantastic source of yield, safety, and growth for dividend investors.
Dream Global REIT (DUNDF) is no exception. The company’s 7.4% dividend yield certainly allows it to satisfy the ‘high yield’ requirement and makes it a member of the elite group of dividend stocks with 5%+ dividend yields.
You can see the full list of all 416 stocks with 5%+ dividend yields here.
Dream Global REIT also pays its dividends on a monthly basis, which is rare in a world where the vast majority of companies pay quarterly dividends. There are currently only 29 companies with monthly dividend payments, a trait which helps to satisfy the requirement of ‘dividend predictability’.
You can see the full list of monthly dividend stocks here.Â
Dream Global REIT’s exceptionally high dividend yield and monthly dividend payments make it an intriguing company for dividend investors. This article will analyze the investment prospects of this REIT in detail.
Business Overview
Dream Global REIT is a Canadian real estate investment trust with globalized operations primarily focused in Germany and Austria.
The trust trades on the Toronto Stock Exchange under the symbol DRG.UN and on the Frankfurt Stock Exchange under the symbol DRG. Dream Global REIT is generally identified in U.S. stock databases with the ticker DRG.UN.TO or DUNDF.
Dream Global REIT is a member of the Dream Unlimited family of Canadian real estate investment trusts, along with:
- Dream Office REIT (D.UN.TO)
- Dream Industrial REIT (DIR.UN.TO)
Dream Global REIT benefits from considerable size and scale as an owner and operator of European real estate.
The trust owns 13.6 million square feet of space divided among 171 properties and trades with a market capitalization of $1.5 billion at current prices. Dream also has an extensive presence in Europe with 8 offices and 60+ employees in the region.
