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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

Comment by borne2runon Sep 13, 2023 4:32pm
95 Views
Post# 35634709

RE:RE:RE:RE:This feels like capitulation…

RE:RE:RE:RE:This feels like capitulation… Thanks CatchtheRally.

Good news that Jiang is confident.  However, that doesn't mean all shareholders share the same sentiment.

Quick glances at the tape throughout the day, Morgan Stanley seemed to be the number one seller. Very heavy volume the last 4 days. 
Appears that a large shareholder is exiting.
Quarterly OPEX this Friday, portfolio re-balancing.
March options expiration was weak, June flat due to SIB.
Early September D.un was down 20% from the mid June level.
My take - one or more funds has seen enough and wants out.

Selling pressure should exhaust itself this week.

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