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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Dream Office Real Estate Investment Trust > What was the point in selling builing at 7.25% cap rate?

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Post by garyreins on Jul 04, 2024 9:11pm

What was the point in selling builing at 7.25% cap rate?

Sure it helps deleverage a bit but isnt it FFO/AFFO neutral at best, is the debt coming in higher than this? I dont think this sale is going to be any type of "catalyst" as our boy evan was signaling for sometime.

can't say im impressed

now if they turn on the NCIB it can do wonders

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