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 > Yikes … asset sale needed

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Comment by Longvalueon Oct 02, 2023 1:13pm

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Post# 35665263

RE:Yikes … asset sale needed

Yeah I agree.

They are claiming a NAV or $32+, yet are trading at a MASSIVE discount to that. Yield is now over 11 %. This is becoming a joke.

Unfortunately, during the early days of the oil market crash in 2014-2016 the shar price plunged and they wrote down their NAV and cut distributions as well. This was coupled by a huge asset sale and transition from a Calgary centric focus to more downtown Toronto.

I have to admit, they did manage to pull a rabbit out of the hat and the share price recovered to mid-high 30s in 2019-early 2020.

Lets see if ole Coop can pull another one

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