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.

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Dream Office Real Estate Investment Trust > Why are they not running buy backs!?!

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Comment by Reece1986bon Dec 01, 2022 6:17pm

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Post# 35144764

RE:RE:RE:RE:RE:RE:RE:Why are they not running buy backs!?!

Completely agree Catchtherally. They are trying to sell assets they do not want instead of assets the market is happy to buy (e.g. a portion of the DIR.UN units). Is it really so impossible to sell one quality Toronto property in this market? The REIT is trading at a 50+% discount to NAV so selling something even for a 25% discount to NAV seems like a win to me. It could sure help fund unit buybacks.

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