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

Add To Watchlist

TSX:D.UN - Post Discussion

Dream Office Real Estate Investment Trust > Didnt age well

View:

Post by garyreins on Jul 08, 2024 12:19pm

Didnt age well

https://stockhouse.com/companies/bullboard/t.d.un/dream-office-real-estate-investment-trust?postid=35999854

"I suspect Dream Office likely raises aorund $500 million (before fees etc) for the sale of their 3 buildings that we know about. Factor in they own 4.8% of Dream Industrial and that can cover over half their current debt. Not sure what the short thesis is here. If Cooper pulls off any sales and I believe he will based on his prior comments, the shorts stuck are going to get an eye popping blowout from their faulty positioning. Almost no liquidity in this REIT. Saw nearly $1 bid-ask spreads at open the other day"

I think our boy estavan may be a nice contrarian- do the opposite of what he thinks, in fact, he got it right one time last summer when he joked about selling reits and buying the magnificant 7! hahahaha!