in the news part 2 It would be nice if analysts did their homework before they shoot off their yaps in the press in my personal opinion.....fyi - I called DRG shortly after Q3 and understand that they have now secured that 20 year lease to the govnmt body that they discussed in the last quarter conference call - but don't take my word for it, call them yourself.
from the Q3 NR:
- New 20-year lease with government tenant near completion for the entire building located at Hammer Strasse 30-34 in Hamburg for 172,000 sq. ft. The space was formerly leased to Imtech, who filed for insolvency in August 2015.
This I believe was the only ocupancy concerns that I was aware of - but I'm only a lowly non-expert retail investor HA - can anyone confirm?
The other false true this dude spews is that DRG has investments in other parts of Europe - wrong - 100% Germany -as per DRG.U's website.
And the last comment this *expert* states as a concern is that the EURO faces likely some more devaluation versus the greenback - I would agree - but what baring does this have on a company in Canada reporting in Loonies - CAD $ I would argue has a greater devaluation risk versus the Greenback then the EURO....proven & effective currency hedging tools exists and with predictable monthly lease income is an easy management tool should one have concern in a volite exchange outlook, one could argue that it's likely weakness in both currencies would be a wash or depending on your Canadian economic outlook that the CAD looks like a weaker bet between the two. Have a look at Scotia's latest currency outlook: https://www.gbm.scotiabank.com/English/bns_econ/fxout.pdf
Here's the BNN video from Dec3rd:
https://www.bnn.ca/Video/player.aspx?vid=762412
Appreciate your comments. Saying all of the above this in-the-game Professional still remains positive on this stock - on this point I believe he is very correct and his comments regarding the security of the dividend.
These are just my personal thoughts & opinions, nothing more.