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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Bullboard (TSX:D.UN)

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Post by garyreinson Apr 22, 2024 4:09pm

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 ...more

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Post by garyreinson Apr 22, 2024 9:51am

If D is so undervalued

And they can sell assets for 500/sq foot, why is DRM not buying hand over fist. easy 15-20% gain from these levels? i mean, its good they did start buying, but probably only to fend off ...more

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Discussion

Comment by jmkOttawaon Apr 22, 2024 7:38am

RE:RE:TIME FOR ARTIS TO GAIN CONTROL

Perhaps the most undervalued REIT in the Canadian REIT space, especially considering the location and quality of the assets. I would not want to be short.

Discussion

Comment by garyreinson Apr 20, 2024 8:35pm

RE:RE:TIME FOR ARTIS TO GAIN CONTROL

" raises aorund $500 million" - net mortgages, dare I say, have enough funds to take it private with artis? public float is around 200m at $23/share

Discussion

Comment by EstevanOutsideron Apr 20, 2024 8:18pm

RE:TIME FOR ARTIS TO GAIN CONTROL

I suspect Dream Office likely raises aorund $500 million (before fees etc) for the sale of their 3 buildings that we know about. Factor in they own 4.8% of Dream Industrial and that can cover over ...more

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Discussion

Post by garyreinson Apr 20, 2024 2:10pm

TIME FOR ARTIS TO GAIN CONTROL

And restore proper value $40 a share. Yonge Street buildings can sell over 500 sq ft easy in any environment.

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Discussion

Post by garyreinson Apr 19, 2024 8:55pm

Its pretty crazy

That with only 8.x million shares that are "public" that every day there's 70k-100k "sellers". DRM and sandpiper aint selling. To keep it simple lets says every ...more

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Comment by EstevanOutsideron Apr 19, 2024 8:49pm

RE:4.10pm trades...

nothing abnormal there, TSX has a "market at close" facility with an extra minutes provided to match remaining "odd lot" trades.

Discussion

Post by garyreinson Apr 19, 2024 4:32pm

4.10pm trades...

What the heck....RBC capital markets bought tons at 4:10. Volume went from 96k to 136k https://money.tmx.com/en/quote/D.UN/trade-history

Discussion

Post by garyreinson Apr 19, 2024 4:30pm

Anyone know exact share count

No owned by insiders/drm/cooper/artis/sandpiper. I think its around 8.x million shares with a quick inspection

Post by garyreinson Apr 19, 2024 4:05pm

96k volume

Artis scooped up more no doubt.

Comment by garyreinson Apr 19, 2024 2:51pm

RE:Artis continues to buy

They can only buy 250k now ~150k before reaching 20%. then its ACTIVISM TIME!!

Discussion

Post by Frankie10on Apr 19, 2024 1:41pm

Artis continues to buy

Acquired another 104,700 units of Dream Office from April 16 to 18 for an average cost per unit of $17.59. Artis has now purchased 423k units of Dream Office during 2024 for an average cost per unit ...more

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Discussion