Dream Office Real Estate Investment Trust T.D.UN

My friend asked me

[MTLfinecity]

When will d.un go bankrupt.
I told him, in 40 tradings days as we seem to go down by 5% every two days. 
Sell while you still can, not when you have to. 

---warren buffet

[SNAKEYBOY]

Watch in November D.UN offer SIB $2 for $8.50....HA HA HA HA HA HA!

[SNAKEYBOY]

And call it "returning money to shareholders"!

[MTLfinecity]

Warren buffet wants me to tell ya all that d.un has huge liquidity isaue. Stop your dreams of share buybacks and returning cash to the shareholders.  Ahhh. Maybe that's why it's called dream office reit? All shareholders are dreamers? 

[MTLfinecity]

Based on the historical data of SIB 1, share price gonna plunge another 30% and still falling after SIB 20at 8.5 . So your target price is 6$ by year end? You are so optimistic ~

[EstevanOutsider]

I'm sure people think Dream is going bankrupt based on the price trading action. Anybody with a brain can do the math and realize it is almost impossible that Dream Office goes bankrupt given extremely low trading valuation. Today Dream's portfolio is trading at $297/sf. If you were to dump the entire non-Toronto pf at $175/sf (1.8 million sqft) the remainder of prime Toronto real estate

[Reece1986b]

Well said. The $372 CAD/foot for prime Toronto real estate at $1 CAD = $0.738 USD means $372 CAD = $275 USD. That's $275 U.S. dollars per foot for prime Toronto real estate. No U.S. regional bank exposure. Massive Toronto/GTA immigration tailwind. Seems like a much better deal than U.S. office real estate to me. 

[MTLfinecity]

Ok, this bullish statement makes no sense 1. You are buying a non controlling interest in a piece of real estate, so there is no way this sells at full value unless a takeover happens. 2. Why compare Toronto to US cities? completely different geographies. Canadians REITs didnt get a big selloff while US REITs were falling 10% a day. FFO wise Canadian and us office REITs are traidng at similar