Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s): DRETF

Real Estate REIT - Office

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 dsarkon Feb 18, 2016 7:38pm

127 Views

Post# 24573066

RE:RE:RE:DRIP & my thoughts

TheCapitalist wrote:

dsark wrote:

dsark wrote: First off I'm buying next week. Ive said for 3 months I'm buying 3rd week of December & it is upon us. So I'm long on REIT's cause no one else is and we've had a perfect storm of interest rate hike fear (overblown), oil price dropping into the $30s again (December sell off , shocker!), and the ol' slow-to-no global growth. Dream is trading 50% of NBV, while other REIT's are at 50%-70%. A fat yield is over 13%+ all covered by AFFO!

To get the share price up, I would propose that the company stop the erosion of book value. Eliminate the DRIP to start, which is approximately 35% of $2.24 x 107,000,000. So about 80M to 90M is paid in shares annually? Cut the dividend to $1.50, which is about 8.8% yield at the current price. Then rapidly sell off properties and use the proceeds to buy back shares. Then try to tighten the share float every quarter until we get the share price to book value. As there would be no dilution, the company would save money as their dividend payments would shrink as the float got smaller.

My original post was on December 12, 2015.

Not only did I recommend them doing what they did, I said cut the dividend to $1.50. I don't know what will happen tomorrow but I'm assuming Dream will be buying shares in full force. Prepare for $25.

secretly, dsark is in fact Jane Gavan.

I was debating whether or not to put more into Dream Office or into Global/Industrial.

What are you planning to do?