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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 > One big part of the equation- ARTIS AND MANJI
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Post by SNAKEYBOY on Jun 20, 2023 2:19pm

One big part of the equation- ARTIS AND MANJI

With SP very weak again, assuming Artis and Sandpiper still hold most their shares and in best-case all, 37.5m - 12m (DAM)  -  7 million (artis/sandpiper) = 18.5 million shares left.

18.5 x $14  = 260 million

Artis can effectively buy the remaining public float and bring it into artis somehow.

Unlikely but artis has the dollars to do so if they remain bullish on the assets
Comment by SNAKEYBOY on Jun 20, 2023 2:22pm
Their FCR investment is right now worth 200 million  and they can take control of dream