Dream Office Real Estate Investment Trust T.D.UN

Michael cooper

[ScroogeMcDuck1]

Scum

[Frankie10]

Couldn't agree more.

[jmkOttawa]

You are the brightest guy on this forum Frankie, and the knee jerk reaction is to be angry. He said one thing, and did another. But there was three months that passed and the markets went from anticipating significant interest relief to who knows when and if.

[BlueJay2020]

It's forgiveable to be angry when you've sold at over $10 and bought back in at $9.40 and $9 only days later to see a $7 handle.  I am kicking myself I didn't at least take some profits when it hit $11.60 and I'm not far of $60,000 down from that high on paper.  All goes to show that none of us know what will happen next. I'm still confident that we'll get north

[Frankie10]

It is what it is. I nibbled this morning expecting the fall to continue but it bounced. At $8, I calculate the implied cap rate to be in the low-9% range, which is incredible for DT Toronto properties. 

[EstevanOutsider]

thanks for the analysis. imho dream will move big when they start selling the properties. on the cc it sounded like they were close to getting bids. on the victoria street vacancy in nov 2024, they can just sell that entire building since it will be empty rather than re-leasing it to a new tenant it seems.

[ScroogeMcDuck1]

Absolutely no one is going to buy a low yielding office reit. This is purposeful destruction for sketchy aims. There is no need for this at all.

[garyreins]

Yeah this screams hostile bid like I said.   They can buyback their SIB tendered shares for $10 and take it private

[Frankie10]

I would have cut it a couple quarters ago tbh. I'm not upset with the cut. I'm disgusted by how Managment conducts themselves. 

[jmkOttawa]

Short sighted attitude. In his place, you would not have had other options.