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

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TSX:D.UN - Post Discussion

Dream Office Real Estate Investment Trust > SO MAD

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Post by SNAKEYBOY on Jun 07, 2023 3:44pm

SO MAD

Im happy I had the foresight to get in the ARB trade early as it was inevitable SP would move up....a bit faster than I wanted. I was hoping for high $14's up till a few days before. I think with REITS moving up it will be UNDER

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Comment by Reece1986b on Jun 07, 2023 4:28pm

Congrats SNAKEYBOY. It looks like you are going to do very well on this arb trade. I wouldn't be too mad at yourself! I think it will be better for the REIT in the end if we are undersubscribed a bit. We were only cancelling around 3 million units a year with the NCIB so even if 9 million units are tendered that is still 3 entire years worth of NCIB activity cancelled by this SIB. Dream ...more

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Comment by SNAKEYBOY on Jun 07, 2023 4:37pm

I think being around 12.5 million is best, thats the maximum bump of NAV TO $35. Ideally then I can rebuy if SP dips back down. Undersubscription + unit price moving up wont create as much value longterm.

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Dream Office Real Estate Investment Trust