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

<< Previous

Bullboard Posts

Next >>

Post by Possibleidiot01on Nov 18, 2023 7:06am

178 Views

Post# 35742385

Trevor Rose's Insights - HOLD

HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

In Q3, DRM missed analysts’ EPS estimates of $0.19, coming in at $0.09. Revenue was up significantly in Q3 at $132.5M from $55.1M in the year prior driven by increases in recurring revenue. Adjusted funds from operations showed a large Q3 increase to $0.42 per share compared to the prior year at $0.08. DRM spoke positively regarding outlook for western Canada development which generated commitments for 2024 and 2025 in Q3. DRM displayed a solid Q3 and the markets have responded with price being up following the release.
Unlock Premium - Try 5i Free

REAL ESTATE

$20.010