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 Marc24on Jan 20, 2016 9:45am

82 Views

Post# 24475964

RE:RE:RE:Observations on possibility of a distribution cut

The tax rules are simple. Taxable income must be distributed to unit holders. AFFO does not always equal taxable income so 100% of taxable income may represent 70% of AFFO.

Maybe (unlikely) OneReit decided to distribute less than 100% of taxable earnings and pay CRA.

Finally, OneReit adjusted their distribution to 70% of FFO, not AFFO so we are comparing apples to oranges.

Marc

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