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

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Post by EstevanOutsideron Dec 21, 2023 1:03am

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Post# 35795168

Top contrarian trade idea: Dream Office REIT

Good article by Nugget Capital mentioning Dream as a top idea for 2024:

"H&R REIT recently last week completed a $232 million deal in downtown Toronto on an office building with an implied value of $485 per square foot, still low by historical terms but $147 per square foot higher than Dream Office’s implied core downtown portfolio. If we up Dream’s value to $450, we get approximately $10 extra per unit price which would make Dream Office from its current value nearly a double. However, we think there is even more value than that here as this REIT also has 3.3 million square feet of downtown Toronto residential zoning carried at $80 per square foot"

Link on Substack:

https://nuggetcapitalpartners.substack.com/p/contrarian-trade-ideas-for-2024

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