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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

Comment by Frankie10on Jun 12, 2024 1:56pm
110 Views
Post# 36085261

RE:IF DRM, ARTIS, AND NCIB ran

RE:IF DRM, ARTIS, AND NCIB ran

Agreed. Artis has purchased 3% of Dream YTD and counting. I don't care to see DRM or NCIB buying personally. However, I do find it very interesting that DRM felt compelled to buy at $22 just to see it instantly crash right thereafter. 

The most important element here short-term imho is potential upcoming dispositions. What is the value transacted at and how much liquidity is created through the disposition. I had a conversation on X yesterday with Chris, and he believes a potential purchaser may be in the education sector -- very similar to the H&R Corus -- which was an amazing deal by H&R -- so if Dream/Cooper can pull of something similar, market may actually take notice.

or maybe I'm just a doomed optimist! Cheers.

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