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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 matt2018on May 05, 2023 12:42pm
168 Views
Post# 35433279

PLAN ALL ALONG

PLAN ALL ALONG

As CANCDN mentions, this was likely mngt plan along.
Probably hoping that D.UN holds in the $16 range (with buybacks & no cut to the divi).
Then do this SIB at $20 with a higher DIR price as well.
Then you would see some "face ripping".
But when your drifting to 5+ yr lows, you gotta do it now.
Bag holders more than willing to sell here and let the shorts cover.
At least stock price recovers its YTD losses for now.
More than you say for most of the other mutts in this space.


 

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