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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 Feb 19, 2016 6:33pm
118 Views
Post# 24576849

RE:RE:RBC: Upgraded to Outperform, $24 target, $34 upside

RE:RE:RBC: Upgraded to Outperform, $24 target, $34 upside
TheCapitalist wrote:
dsark wrote: Beauty.  Increased target $1 to $24.  Upside is $34.  Moved from Sector Perform to Outpeform.  The boys are back baby!  



I gained almost 9% today in capital appreciation. I'll have more than doubled my money at $34/unit.

Definitely glad I took your advice. 


Hey man, you made that decision, I just gave my opinion! However, I'm glad you loaded up.  I also went all in.  My cost went up to $16.34 but that's okay.  I sold AX & DRG moderate gains.

When I wrote that bit in December about how they should cut to $1.50, cancel the DRIP, and sell properties to buy back shares.  To be honest, I didn't think they'd actually do it.  However, as an accountant, I know what the end result will be.  A much higher share price!  I think the ones that took modest profits today will be sorry.  I also believe their actions will be accretive to shareholders as in the book value will increase, which will cause analysts to revise targets up down the road.  

Cheers to everyone that added or is enjoying the ride!  


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