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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 BlueJay2020on Feb 29, 2024 7:48pm
68 Views
Post# 35908019

RE:RE:75% of market cap is now DIR...

RE:RE:75% of market cap is now DIR...The $60M reflects the MARKETS current value of  the residual assets and the debt, so yes just $60M left over.  That's completely different from the ACTUAL net realisable value of the assets.    

When you say underwater, you must mean that the market will soon (effectively) ascribing a NEGATIVE value to the assets.  That's completely different from saying that the company won't be able to afford its liabilities, and hence effectively insolvent. 

You can look at metrics such as NAV, market rates per square foot, cap rates etc. to ascribe your own value to the assets.  However, even just $60M is about $3.75 a share.  Any ability to realize even half of NAV would have a big impact on SP.
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