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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

Comment by Reece1986bon Aug 03, 2023 11:36pm
76 Views
Post# 35572541

RE:RE:Some direct quotes from the Q2 press release

RE:RE:Some direct quotes from the Q2 press releaseYes indeed!

Another nice thing I discovered:
Page 33 of the Dream Office Q2 MD&A says unencumbered assets are $17.1 million, of which $2.7 million is unpledged DIR units and $14.4 million is 'investment properties not pledged as securities for debt'. On page 50 of the MD&A, it says that 1.43 million DIR units (around $20 million at $14.00/DIR unit) are secured against the $10 million credit facility and that the $20 million demand revolving credit facility (since reduced to $10 million per page 49 of the MD&A) is secured by one property (which is the 229k sqf Vendasta Square in Saskatchewan). There are zero drawings on either credit facility. 
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