Dream Office Real Estate Investment Trust T.D.UN

10x AFFO at 15.5

[SNAKEYBOY]

New affo post sib will be 1.65 give or take. So the way I see it if HR for example goes under 10 and trades at 9x I don't see why d.un won't go back down.  What D does have going for it is the buyout potential.  But not cheap at 15.5 compared to the 10x affo multiple given to many reits right now

[Reece1986b]

Like you said SNAKEYBOY - Dream Office is not cheap using traditional metrics and with the sale of half its Dream Industrial units, it now has undeniably inferior asset quality to H&R.  One thing Dream Office has going for it is the very small public float. H&R's 2023 NCIB allows them to buy 26 million units per year versus 3.3 million for Dream Office in comparison to show how