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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 May 16, 2016 11:57pm
137 Views
Post# 24879667

Called it.

Called it. My post from January 21 (a bit of bragging, I was right that the selling was exhausted): Lansing76 - (1/21/2016 10:11:39 AM) Simple observation of $14 low Usually a trade at an even number such as $14 would trigger stop losses and collapse the price below that figure. In the case of yesterday it held. I see that as being a very good sign. As if the bears and shorts might be exhausted. The 16% yield also probably helped keep the buyers there Now my next predicrion: Oil is coming back, and due to the recent shift from surpluses crude to deficit I believe that we will see a multi year bull market. The rise in oil stocks proceeded this news, just like the fall in oil stocks proceeded the collapse in oil. Calgary will come back, but before they do, stocks such as Dream will begin to rise. I think we will see stock price closer to NAV within 18 months with or without buybacks. I think this recent fall was nothing less than a final opportunity for short covering. Alberta started the fall in Dream, and will be the main factor responsible for this REITs recovery. I have increased my position...now sitting on 46,000 shares and am very confident. My next post will be 18 months from now. Hopefully snake is long gone by then.
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