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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

Dream Office Real Estate Investment Trust
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Post by EstevanOutsideron Nov 10, 2023 12:15am
243 Views
Post# 35727645

Trading at an implied $250 psf entire portfolio!

Trading at an implied $250 psf entire portfolio!That is below the $300 psf Dream spent in capex alone to modernize and "decarbonize"376 Bay Street to make it rentable for mid $40s rent.

Seems like an incredible opportunity to me. Doubt it lasts. This is like Covid lows all over again. Office is out of favor but Dream Office is insanely cheap.

117% natural leases renewed in 2023 with touring activity returning to normal, signifying that 2024 is likely going to be decent barring a great depression.
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Dealroom for high-potential pre-IPO opportunities