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

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Post by garyreinson Apr 22, 2024 4:09pm

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Post# 36002018

RECIPE FOR PRIVITIZATION AND INCREASED UNIT PRICE

Artis and DRM tendered a lot into the SIB and can effectively get back shares at Sub $24 ($12 old price), to 20% each or the limit.

Then with asset sale or DIR, run a NCIB which scoops up 1.8m shares a year ~ 30m .

Ultimately if unit price doesnt fly up on any macro or company-speficic fundamentals, the public float is going to approach .....0

if the unit price does move up nicely to $32 ($16) then bump the dividend and dont run NCIB

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