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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 SNAKEYBOYon Jun 25, 2023 3:51pm
174 Views
Post# 35513697

Yonge/Bay/Financial District

Yonge/Bay/Financial DistrictI live  on yonge street and frequent Riocan buildings and other buildings.  They will never go out of style, too much foot traffic, condos going up everywhere, limited land to build on.   Locations is really the Dream Office differentiator. I like the move to bigger retail floors, they need to continue that trend.  Im rather confident they can still sell their buildings for close to NAV regardless of office sentiment and trends.  DIR is again 40% of market cap.   Add in their 2 trophy buildings that may sell above NAV and its full market cap.   Then it implies they are underwater on other buildings, full on debt and no equity.
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