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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

Post by dsarkon Feb 19, 2016 7:02am
123 Views
Post# 24573932

Those upset over the new plan

Those upset over the new plan The biggest concern for Senior Management clearly is the discount to book value, not maintaining the $2.24 dividend.  Besides the stock market didn't give a rats @$$ about the yield.  I know it isn't pleasant for those who have significantly higher average costs in the mid 20's but this is probably the quickest way to get the share price back to $25+.  This strategy will drive book value higher over the long term, make the portfolio more high end, and add a growth component to the stock.  I believe if they do an excellent job, we could see a price to book ratio of greater than 1.  Im super pumped personally.
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