Bullboard - Stock Discussion Forum 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... see more

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TSX:D.UN - Post Discussion

Dream Office Real Estate Investment Trust > Double up

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Post by colombuss on Mar 08, 2024 4:21am

Double up

One on the house, if Dream Offica can obtain the same as recent sale in Ottawa. Realized 500 pr foot would be approx at book, confirming NAV. AND realizing 300 mill Cad for debt maturity in 2025. Come autum and lower rates, and we get 200 mill CAD for industrial, and we go from 2,5 billion in assets 1,2 billion in debt to 1,95 billion in assets, Industrial is booked at NAV, and 700 mill in debt.

Equity is then 1,25 billion, we should trade at 6-800 million CAD.

Awaiting confirmation. Im not sure its achieveable. But if we get 500 a foot, get used to another level in shareprice. And a huge short squeeze, excactly as in SL Green

145

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Comment by colombuss on Mar 08, 2024 4:34am

What talks against is, that the Ottawa sale again is an end user purchase, not an investor.

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Comment by colombuss on Mar 08, 2024 5:25am

But this Ottawa sale, and even Dreams sale off the Attorney Generals building, could spur other tennants to size the moment and secure the future.

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Comment by colombuss on Mar 08, 2024 11:12am

I might be too optimistic but added 16600 in range 15 55 latest now 15.62. Not cheap. But some investment bank just raised target to 25 cad from 12. And I see it more and more likely they will sell at good prices, and effectuate a shortsqueeze.

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Comment by BlueJay2020 on Mar 08, 2024 6:22pm

Which investment bank raised their tsrget to $25?

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Comment by colombuss on Mar 09, 2024 5:15am

Cormark, upgraded to buy, and target up from 12 to 25 cad. Anybody know them, are they reliable? Yesterdays volume 200.000, is equal to 400.000 before 2:1. Its 1% off float, and a lot more off free float. If shorts was allowed to cover so many at this price, it really was spring sale.

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Comment by colombuss on Mar 09, 2024 5:17am

Personally im upgrading to buy, target 35 cad.

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Comment by alertmeipp on Mar 10, 2024 2:48pm

I assume the upgrade is due to reverse split... ? Otherwise, see no recent news should prompt that upgrade?

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Comment by colombuss on Mar 11, 2024 4:08am

Well real news are: Strong leasing momentum and possibly mid to high eighties occupancy overall by end 2024. Current is 82%. This is not a company in leasing crisis. Techboom, carrying on filters down to offices. We now have office usage on 60%. Data from europe precovid, documents it was 70% pre covid, so we are more close to normal, than many off us thought. Peak rates. 2-3 buildings ...more

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