TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Oct 04, 2023 8:37pm
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Post# 35670139
RE:RE:RE:RE:Due for a Strategic Review or Updates
RE:RE:RE:RE:Due for a Strategic Review or UpdatesDream did that because they know it wouldn't be filled 100%. Dream Unlimited is also trading at a massive NAV discount (I think comparable to Dream Office) and it is the pride and joy of Cooper. They also started buying Dream Office again after that but abruptly stopped. The facts are Cooper's world is falling apart and he's bombed all of his REITs including residential. He needed liquidity.
Anyways I could be wrong but I would be very surprised if the most expensive office district in Canada is now only worth a measly $300 sf in an area residential can sell for over $1000.
garyreins wrote: They just attempted to tender 100% of their holdings at $15.5 SIB...and unless they were in discussions to take it private right now and therefore have material info, there's nothing permitting them from accumulating down here first. Who knows why they arent buying but it sounds like his bearishness on office is legit