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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

Dream Office Real Estate Investment Trust > COOPER AND MANJI ARE PLAYING CHESS
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Post by SNAKEYBOY on Jun 15, 2023 3:32pm

COOPER AND MANJI ARE PLAYING CHESS

Cooper said at annual meeting "he is not playing chess and wants to return capital to unitholders"

But I believe the opposite.

They are playing chess.  12.5 million shares at 50% NAV is just the start.  They want 20 million at under $20.  That's when it gets interesting.

Privitization is inevitable not immediately but with the NCIB continuing etc and a few more assets/DIR sold.  The SP will need to move up or the liquidable value from a few assets and DIR will mop it up entirely!

CHECKMATE COOPER!
Comment by Reece1986b on Jun 15, 2023 3:56pm
It is certainly a possibility. I fear another form of chess could be a large sell from DAM which is then used to prop up MPCT, DRR, and DRM. MPCT has been a complete disaster for Dream and I would imagine it is downright embarrassing to them as a company which has invested so heavily in and continues to invest so heavily in impact investments. Dream Office sold the DIR units for the SIB however ...more  
Comment by SNAKEYBOY on Jun 15, 2023 6:00pm
who will win? Our puny retail investors or manji and copper with millions to toss around?
Comment by Frankie10 on Jun 15, 2023 8:17pm
At this point, I've been conditioned to expect the worst in the real estate sector recently. I feel like Dream tenders ~25% of its positon and states it has maintained its ownership interest... Our theories of privatization and a meaningful payout, slashed to bits like a Nightmare on Elm Street movie. At which point, I expect the unit price to fall back to the $13's. Assuming this ...more  
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