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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 dsarkon Sep 18, 2015 10:05pm
77 Views
Post# 24117911

RE:RE:RE:RE:RE:RE:RE:lets get above $21 and never look back

RE:RE:RE:RE:RE:RE:RE:lets get above $21 and never look back
You put enough of those 200-300 drops in the TSX/Dow and 20-40 on the S&P500 and I don't care what stock you are talking about, they are going to fall.  Fear will take over and boom, its hammer time.

Let's go over the list of things that could trigger that:

The US has to get their debt ceiling raised again, the last time this standoff happened the markets tanked.  Some departments run out of money on October 1. 

Greece doesn't have a deal.

October is approaching, tax loss selling in December (also thinny traded markets).

And we have the ever closer arrival of the first rate hike.  Now when I go long on D.UN, I guess this will be my problem as well. 

Oil is back in the 40s, companies are cutting more jobs (higher vacancy rates), and Canada is in "technical" recession.

We need 1 or 2 of those things mentioned above to rear its ugly head and we'll get another sell off on the entire market.  As for my thoughts on Dream Office, I'm a big fan.  I like their strategy & assets, as I've previously stated.  The only concern I can find is that RBC has there AFFO in 2015 at 2.29 and by 2017 it erodes to 2.19.  But buying the AFFO at 8 or 9 times is dirt cheap.  So I'm bullish on the REIT, but macro wise I think a little fear can shake out some more weak hands.  However, if it was December right now, I'd be buying the shares at $20.42 but its mid-September & I think we can see some more price erosion.  Just my two cents & I've been wrong many times before. 
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