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 > sorry guy I bailed

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Comment by MTLfinecityon Sep 22, 2023 12:47pm

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Post# 35649519

RE:RE:RE:sorry guy I bailed

I'll be back at 7 when the share price will be 5 times ffo of 1.4( gonna decrease to 1.4 at that point)

This is conditional to Fed being ready to cut rate. Or tnx below 2.5% and fed stop being hawkish.

Don't be so confident about your 1$ number. Dir.un might crash.

Anyways. Good luck to you all. D.un is quite expensive at the current share price

Frankie10 wrote:
LOL

With DIR at $13.5 per unit, Dream Office unit price would need to fall to $1 for an implied cap rate of 12%. This would mean a 97% discount to NAV and 53% discount to IFRS asset values.

I don't think he will be back.

For those curious, with D at $10.75 and DIR at $13.65:
- implied cap rate of 8.9%
- discount to IFRS value of 36.5%
- discount to NAV of 69%
- TTM price-to-FFO of 7.4x

of course the above numbers are all subject to error, but I have refined this model for months now. The model is public and available upon request for anyone interested. Hope you all have a lovely day. Cheers.