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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 notorious080on Feb 06, 2020 7:50pm
308 Views
Post# 30654916

OPPORTUNITY OF A LIFETIME

OPPORTUNITY OF A LIFETIMEDream Office is severely fking undervalued! Management has the value of their downtown Toronto properties pegged at fking ~$550 per sq. ft. on the books and the current market price/unit works out to an implied ~$625 per sq. ft. (@~$33/unit). However, private market comparable office properties in downtown Toronto are trading at multiples exceeding $750 per sq. ft. (111 Peter, 302 Bay Street, 2323 Yonge Street, Dynamic Tower, 208 Bloor Street, etc). The private market implies a unit price of almost $40; Cooper knows it and may very well take it private soon!!! No wonder he's been buying a sh*t ton of stock...$60M since Dec!! Street analysts do not keep a close eye on the private markets and their NAV estimates have been lagging for a while. Thank me later boys and girls
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