Dundee Real Estate Investment Trust - Company Capsule

Document Sample
Dundee Real Estate Investment Trust - Company Capsule Powered By Docstoc
					Dundee Real Estate Investment Trust

_________________________________________________________________________________




Dundee Real Estate Investment Trust -
Company Capsule
Reference Code: CN0963CC
Published Date: April 2011




___________________________________________________________________________________________

Dundee Real Estate Investment Trust - Company                                       Page 1
Capsule
Dundee Real Estate Investment Trust

__________________________________________________________________________________________


Dundee Real Estate Investment Trust - Company Overview

Dundee Real Estate Investment Trust (Dundee) is a real estate investment trust. The company owns, acquires, leases,
and manages mid-sized urban and suburban office and industrial properties in Canada. Its portfolio includes office,
industrial and retail rental properties. The company owned 68 office properties, 122 industrial and flex-space properties,
and 3 retail centers. The industrial property portfolio of the company consists of 35 prime suburban industrial properties.
Its properties are located in Montreal, Ottawa, Toronto, Calgary, and Edmonton in Canada. Dundee is engaged in
providing property management services through Dundee Realty Management Corporation, a wholly owned subsidiary of
the company. The company principally operates in Canada. Dundee is headquartered in Toronto, Ontario, Canada.


Financial Performance

The company reported revenue of CAD 193.75 million during the fiscal year ended December 2009. The company's
revenue grew at a CAGR of 11.04% during the period 2007-2009 with a year on year growth of 5.63% over fiscal year
2008. During the fiscal year 2009 its operating margin was 8.49% as against an operating margin of 5.35% in fiscal year
2008. During the fiscal year 2009 the company registered a net margin of 6.93% as against a net margin of 5.7% in the
fiscal year 2008.




Dundee Real Estate Investment Trust - Key Facts

Dundee Real Estate Investment Trust, Key Facts

                                  State Street Financial Centre,
                                  Toronto, Ontario (ON), M5C        Ticker Symbol, Stock
Corporate Address:                                                                             D.UN (Toronto Stock Exchange)
                                                                    Exchange
                                  3H1, Canada


Telephone                          + 1 416 3653535                  No. of Employees           177



Fax                                + 1 416 3656565                  Financial Year End         December



URL                               www.dundeereit.com                Revenue (in CAD Million)   193.75



Industry                          Construction                      Revenue (in USD Million)   169.96



Locations                         Canada

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Dundee Real Estate Investment Trust - Company Capsule                                                                Page 2
Dundee Real Estate Investment Trust

__________________________________________________________________________________________


Dundee Real Estate Investment Trust - Major Products and Services

Dundee Real Estate Investment Trust develops and manages office and industrial properties. The key services offered by
the company include the following:

Dundee Real Estate Investment Trust, Major Products and Services
Services:

Property development

Property management

Property investment
Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Dundee Real Estate Investment Trust - Company Capsule                                                         Page 3
Dundee Real Estate Investment Trust

__________________________________________________________________________________________


Dundee Real Estate Investment Trust - Key Competitors

The following companies are the major competitors of Dundee Real Estate Investment Trust:

Brookfield Asset Management Inc.

Lanesborough Real Estate Investment Trust

Public Storage Canadian Properties

Royal Host Real Estate Investment Trust

Artis Real Estate Investment Trust




___________________________________________________________________________________________

Dundee Real Estate Investment Trust - Company Capsule                                       Page 4
Dundee Real Estate Investment Trust

__________________________________________________________________________________________


Dundee Real Estate Investment Trust - Key Employees


Dundee Real Estate Investment Trust, Key Employees


          Name                             Job Title                       Board Level     Since   Age


Detlef Bierbaum            Director                                  Non Executive Board   2003    67


Donald K. Charter          Director                                  Non Executive Board   2003


Jane Gavan                 Secretary                                 Senior Management


Joanne Ferstman            Director                                  Non Executive Board   2007    43


                           Chief Financial Officer, Senior Vice
Mario Barrafato                                                      Senior Management     2006
                           President

                           Chief Executive Officer, Director, Vice
Michael J. Cooper                                                    Executive Board       2006    44
                           Chairman


Michael Knowlton           Chief Operating Officer, President        Senior Management     2006


Peter Crossgrove           Director                                  Non Executive Board   2003    73


Rob Goodall                Director                                  Non Executive Board   2003

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Dundee Real Estate Investment Trust - Company Capsule                                                   Page 5
Dundee Real Estate Investment Trust

__________________________________________________________________________________________


Dundee Real Estate Investment Trust - Locations and Subsidiaries

Head Office

Dundee Real Estate Investment Trust
State Street Financial Centre
Toronto
Ontario (ON)
Zip: M5C 3H1
Canada
Tel: + 1 416 3653535
Fax: + 1 416 3656565



Other Locations & Subsidiaries

Dundee Real Estate Investment Trust, Locations



1125-1145 Innovation Drive                                          2645 Skymark Avenue
Ottawa                                                              Mississauga
Canada                                                              Canada




6655-6725 Airport Road                                              Gateway Business Park
Mississauga                                                         Ottawa
Canada                                                              Canada


Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Dundee Real Estate Investment Trust - Company Capsule                                       Page 6
Dundee Real Estate Investment Trust

__________________________________________________________________________________________


Dundee Real Estate Investment Trust - Financial Ratios

Financial Ratios - Annual Ratios


Dundee Real Estate Investment Trust, Annual Ratios

                Key Ratios                    Unit/Currency               2010         2009         2008         2007         2006
Equity Ratios
EPS (Earnings per Share)                            CAD                       0.63        0.82         0.45         0.36         -0.63
Dividend per Share                                  CAD                          2.2          2.2          2.2          2.2          2.2
Dividend Cover                                    Absolute                    0.29        0.37 
				
DOCUMENT INFO
Description: ICD Research's ‘Dundee Real Estate Investment Trust - Company Capsule’ is a crucial resource for industry executives and anyone looking to access key information about “Dundee Real Estate Investment Trust ICD Research's ‘Dundee Real Estate Investment Trust - Company Capsule’ reports utilize a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
BUY THIS DOCUMENT NOW PRICE: $75 100% MONEY BACK GUARANTEED
PARTNER ICD Research
With emphasis on Insight, Consultancy and Delivery, iCD Research is a full-service, online market research agency. iCD Research is able to take advantage of all of the efficiencies and benefits that the Internet brings to offer proven research methodologies with fast turnaround and accurate results. iCD Research specialises in qualitative research for large finance, media, retail and entertainment clients. Market leaders in online focus groups, iCD Research has unleashed the full scale of the Internet to run focus groups across the globe for its major institutional clients. Utilising its sister organisation, The iD Factor, iCD Research also delivers strong quantitative research, ranging from ongoing consumer confidence studies through to consumer surveys throughout Europe and Asia. With its roots firmly in research, iCD Research doesn’t limit itself to only utilising online methods as the philosophy at the company is to match the methodology to the respondent. Yet the scale and speed of online research give iCD Research a cutting edge that has lead to tremendous, triple-figure percentage growth over the past two years. iCD Research is headquartered in London, with operational offices in the US and Australia to ensure that it is offering an unparalleled 24 hour service to its clients.