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 > FFO 0.35

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Comment by Catchtherallyon Sep 10, 2023 2:15pm

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Post# 35628382

RE:RE:RE:RE:RE:RE:RE:RE:FFO 0.35

Ah okay thank you i forgot to subtract the dir distribution

FFO was 17,507

Subtract DIR distributions of 2125 (.17 x 12500)

new FFO is 15,382 over 37,857 = .406 per unit or of 61.5% FFO payout ratio. Seems like a healthy payout ratio to me. The capital expenditure is the unhealthy part but again this creates value.. its not money out the window.

I am personally not worried about the distributions being reduced

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