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Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s):  DRETF

Dream Office Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust owns central business district office properties in various urban centers across Canada, with a focus on downtown Toronto. The Trust owns and manages 3.5 million square feet of office land in downtown Toronto. Its objectives include managing its business and assets to provide both yield and growth over the longer term. Its properties are located across Adelaide Place, Toronto; 30 Adelaide Street East, Toronto; 438 University Avenue, Toronto; 655 Bay Street, Toronto; 74 Victoria Street/137 Yonge Street, Toronto; 36 Toronto Street, Toronto; 330 Bay Street, Toronto; 20 Toronto Street/33 Victoria Street, Toronto; 250 Dundas Street West, Toronto; 80 Richmond Street West, Toronto; 425 Bloor Street East, Toronto; 212 King Street West, Toronto; 357 Bay Street, Toronto; 360 Bay Street, Toronto; 350 Bay Street, Toronto; 56 Temperance Street, Toronto; and 6 Adelaide Street East, Toronto.


TSX:D.UN - Post by User

Post by Lansing76on Jan 17, 2016 1:20pm
170 Views
Post# 24466485

My 2 cents...

My 2 cents...Truly the best opportunities are when things look the worst. When the financial crisis hit the low point in early 2009 analysts and the like were calling for a double dip recession and a continuation of a market collapse which would resemble the great depression. Canadian bank shares were yielding double digit dividend payouts and there was a real belief the market would go to zero. Today the oil price collapse has the same experts calling for $10 oil and prices to never see $100 again. Since there is a real possibility of some oil companies going bankrupt, I do not have direct exposure to oil stocks in my portfolio. I would not want to pick the wrong ones. However I do have a large position in Dream office. The reason is simple. Office space across Canada is diversified enough that when I can buy the assets for half price I have a huge upside potential over the long term. If oil recovers soon there will be a spike in the unit price. But even if it doesn't, empty office space and falling lease costs in Calgary is a huge opportunity for other industries to secure long term space they may not have been able to afford in the past. I see the supply and demand balancing itself naturally regardless of oil. There is an increase in rental apartment building now in Calgary. These could have been office towers, but developers always chase the current demand. With more people living in the Calgary core in affordable units it is just a matter of time before new jobs find their way to the city. So this crash in the unit price of dream is nothing short of a fantastic opportunity to invest for the long run. I can not find a better investment for the next 10 to 20 years.
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