Post by
MTLfinecity on Sep 12, 2023 12:12pm
Where is the bottom
Worst office reit in canada is called slate office, and it's trading at 6 times ffo with higher leverage. Dream has better properties, so a 7 x ffo gives 1.6*7=11.2. That's the magical number where a buyer who doesn't read financial statements would offer to purchase based purely on current numbers
Comment by
mnztr on Sep 12, 2023 1:27pm
The questsion is, when will vacancy rates peak, or have they?
Comment by
Reece1986b on Sep 12, 2023 1:37pm
Vacancy is declining. The Dream leasing website reports the lowest number of suites available for leasing which I have seen all year. Costs are up considerably however I do not believe this will be a permanent thing. Dream has been building 'model suites' which has surely contributed to higher costs but are proving popular with prospective tenants.