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 > Wow

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Comment by ninefortysevenon Sep 12, 2023 1:34pm

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Post# 35631940

RE:RE:Wow

Almost 40% of thier offices are in Alberta and Saskatchewan. I know properties in downtown calgary core being sold for $75/SF for repurposing with the $15M grant from the city.

I understand that dream has some toronto DT core properties, but it also has some weaker ones.
Only 22 properties are in downtown toronto.

I am not saying Dream office is a bad buy here, but im saying that people often lean too hard on the DT toronto core assets and dont consider some of the other assets are worth far less than the debt.

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