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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

Dream Office Real Estate Investment Trust
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Comment by Marc24on Jan 20, 2016 1:45pm
102 Views
Post# 24477418

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

RE:RE:RE:RE:RE:RE:Observations on possibility of a distribution cut
Pokerchamp wrote: Here is what  Brookfield Asset Partners says about distributions.

We believe that a distribution of 60% to 70% of funds from operations (FFO) will allow us to meet these objectives.

So it's not necessary for a company to pay 100% of FFO or AFFO apparently.

I agree 100%.  The amount of distributions is based on taxable income not FFO, AFFO or any other measure.  DREAM has historically paid ~100% of AFFO so that must be a fair proxy for taxable income.  Brookfield has a different proxy to accomplish the same thing.

It is a common mistake to believe REITs are tax free, tax exempt, non taxable..... Unlike companies REIT are permitted to take as a deduction from taxable income the amount of distributions paid to unit holders.
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