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.

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Dream Office Real Estate Investment Trust > No NCIB unless DIR or asset sales, IMHO

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Post by Frankie10on Aug 17, 2023 2:33pm

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Post# 35593402

No NCIB unless DIR or asset sales, IMHO

Projected cash flow for 6 months, based on 1H 2023:

Operating cash flow (excl. change in NWC)	31,971
DIR distribution income (=13,539.307*0.7/2)	4,739
Interest paid on debt	(27,775)
Cashflow before improvements and developments	8,935
Building improvements	(12,576)
Property developments	(3,758)
Cashflow before distributions and NCIB	(7,399)
Distributions on units, incl. redeemable (=37,857.031*1/2)	(18,929)
	(26,328)