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.

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Dream Office Real Estate Investment Trust

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Comment by HomerAndCompanyon Jun 15, 2015 10:37am

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Post# 23830822

RE:RE:What is the book vs mkt value of Dundees assets?

The 'purchased a while ago' is certainly correct. And the massive capital gains is a logical assumption too - but is it something we can quantify? Are their books adjusted in accordance to the higher market value of their properties over time? Book value for the company is about $35 - $10/share over the current SP. Is it possible that significant capital appreciation of properties that remains off the books makes for a true book value for D.un that is even higher than $35? I don't know the answer to these - but I can tell you that between the NCIB & officers personal trades there has been insider buying every day recently.

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