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Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s):  DRETF

Real Estate REIT - Office
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
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Post by SNAKEYBOYon Sep 22, 2023 11:51pm
177 Views
Post# 35650436

6.75x FFO multple

6.75x FFO multpleD.UN is now joining TNT/SOT valuation territory (not there yet but getting close)

FFO should be about 0.40 (post SIB estimate) x 4= 1.60

$10.80/1.60 = 6.75x FFO


Yes AFFO is a lot weaker but  thats renovations which are value -added, and then lease incentives.

Even if FFO was old 0.35 its still 7.7x FFO

Mind boggling the NCIB is not firing down here. Its like cancelling a 9% monthly payment obligation and shares at 0.28 Book value.




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Dealroom for high-potential pre-IPO opportunities