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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

Dream Office Real Estate Investment Trust > Eglington Development and Sum of Parts
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Comment by Reece1986bon Jun 21, 2023 1:41pm
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Post# 35507579

RE:RE:RE:RE:RE:Eglington Development and Sum of Parts

RE:RE:RE:RE:RE:Eglington Development and Sum of PartsVery good points Frankie. I just quickly went through the Q1 2023 MD&A and it says on page 21 that our 2023 mortgage debt of $206.5 million is at 5.01% interest rate. Our 2024 debt of $73.4 million is actually at 3.44% interest so it would be really ideal if we could at least pay off that 2024 debt and of course hopefully pay off more than just that.

Frankie10 wrote: Good point re DIR used as collateral. It's not about the ability to refinance the debt, rather the current rate vs the rate we would renew at... this will compress FFO and could call into question the sustainability of our distribution... cash disbursements is less of a concern for DRM now that they've extracted $100M from us...


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