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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

Post by garyreinson Oct 27, 2023 11:57am
138 Views
Post# 35704208

Div cut on D would be disaster for management

Div cut on D would be disaster for managementThey "returned 200m" to shareholders via the SIB, mostly to DRM, now are going to claw that back over the next decade in the form of a dividend cut? If that was the intention they should have said so.  These guys are dividend keepers, DRM and artis/sandpiper need the cash flow.  Its more detrimental to them to cut dividend then to have D bleed a few m a year until sentiment rebounds.  With 1b+ in assets its a meanginfless figure if they have liquidity
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