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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.


TSX:D.UN - Post by User

Comment by Baer1on Jun 26, 2012 8:30pm
162 Views
Post# 20057212

RE: Like I said :many are chasing good quality

RE: Like I said :many are chasing good quality

Our acquisitions aren't hurting, as well. That's what is driving the SP increase. Mr Market is anticipating a nice jump in FFO. It will be interesting to see how D manages the new properties. Scotia rents were reported to be as much as 15% below market, if I recall correctly. If those are brought up even 10%, that's a nice piece of change. I'm hoping for a bump in the distribution. 5.5% is below peers. With D's price stability (low beta) in hard markets, and the SP rising to the new benchmark reflecting the new revenue, I suppose they figure they can leave it for a while. It would be a nice trick, when the markets take a real tumble, to whip out a nice dist'n increase to jam the demand back up. :)

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