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

Dream Office Real Estate Investment Trust

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Comment by HomerAndCompanyon Jul 06, 2015 11:13am

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Post# 23894652

RE:Definitely interested in this stock at 10%+ Yield

So you should be! But a yield of >10% would mean about a $22 SP, well under 2/3 of book value, and a forward PE of just over 8. I suppose that could happen if the panic over Greece is just beginning. But the real virtue of D.un is the safety of a REIT with mostly Canadian governments as the largest tenants - not the high yield. As a relatively low risk investment already trading at a significant discount to book, it would seem unlikely that the SP would drop to the point that the yield was pushed up over 10%. If it does, I recommend you buy as much as you can as fast as you can because it wont stay there. - GLTA

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