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

Dream Office Real Estate Investment Trust > $272 per square foot - the valuation of Dream Office

<< Previous

Bullboard Posts

Next >>

Post by EstevanOutsideron Oct 28, 2023 2:53am

218 Views

Post# 35705424

$272 per square foot - the valuation of Dream Office

seems a little absurd. If we strip out non-Toronto it's worth $308 psf, the most valuable land in downtown Toronto in the highest priced financial district.

Not sure how long this firesale lasts with the narrative around office REITs but the valuation is insane.

Rates come down, sentiment picks up a bit, start seeing sales again in the $500 psf range and Dream Office could head back to the $20s reasonably quick IMHO.

That valuation doesn't even factor in the residential JV potential (current or future)

<< Previous

Bullboard Posts

Next >>

One of the strongest contenders to lead Canada’s cannabis market