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Bullboard - Stock Discussion Forum 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... see more

TSX:D.UN - Post Discussion

View:
Post by CANCDN on May 04, 2023 7:09pm

Do NOT sell

After 12.5 million shares are cancelled, there will be little public float left.

more importantly, the reit saves 12.5 million a year on distributions.

this is where shorts get the screws really turned.
 51 million units today. .34c FFO our unit. Once this SIB is complete, the same exact FFO will be .49c per unit or 1.96 per year. Currently we are valued at 9x FFO.

that exact same piss poor valuation put D value at 18-19 per unit! This is assuming FFO remains flat. It won't because distribution savings, and the results showed we are rounding the corner.  

103% lease renewals this year. Two building purposely being held vacant with deals in progress. 

Do not sell, make the shorts go bankrupt. 

ohh and Cooper still have 250 DIR money to go.

Comment by CANCDN on May 04, 2023 7:10pm
PS who cares if Artis or DRM sells, the most important for us is the massive increase of FFO per unit and 12.5 million saved per year in distributions. 
Comment by SNAKEYBOY on May 04, 2023 7:18pm
Well they lose the dir distribution but save end d.un dividend.  At dir $14.2 and d.un at $15.5 it's 1.5% saved net. 
Comment by CANCDN on May 04, 2023 7:23pm
Good point but there is a spread