RE:RE:My thoughts after being a long-time shareholderHi Snake,
Good to see you again. I remember discussing this stock with you years back.
You could be right and I hope you are for my remaining 20 % stake.
Best case scenario inflation slows down, and the Fed pauses rate hikes. But what about the vacancy rates in Toronto (https://dream.ca/wp-content/uploads/2022/05/Investor-Presentation-May-2022.pdf take a look at slides 29-30). Vacancies are higher than they were in 2009 after the GFC. How long do you think rents and occupancy will hold hold-up under a best case scenario? Rents are a lagging indicator, they will drop if vacancy rates stay high.
If on the other hand inflation remains persistent and the Fed goes to 4-5 % and we get stagflation/recession (looking increasingly likely), companies will be forced to cut costs. We already saw this with the 2014 Oil Crash. Companies ditched their offices and Dream paid the price.
Best of luck my friend