RE:Why us investores are getting hosed in Dream Officesnake123 wrote: Lets look at some simple facts: 1. They are selling very decent B class properties, as well as a portion of their hottest property- Scotia tower. This will cause their earnings to decrease. 2. They have reduced the dividend which would have found its way to our pockets. The direct sacrifice of 1 and 2 is to the trade-off to have SP increase, find some sort of uptrend. But it looks like the opposite is occurring, and now we're left with a shriking REIT, lower dividend, and a SP drifting lower. 3 for 3. Screwing investors is what dream office does best
First off, I like D. Always did, that's why I still read & post.
The reason the share price has stalled is because they are liquidating assets that the market doesn't care about (good) but they aren't giving it to shareholders through A) special dividends or B) share buybacks. Share buybacks is what I wanted as the gap between NBV & the share price would have increased book value per share & reduced the total $ amount of the dividends paid shareholders out. Shrink the size of the REIT but don't forget to shrink the float size Coopa!!