CA - Dream Office: Deterioration In Key Metrics
2024-05-13 18:00:59 ET
Summary
- Dream Office's Q1-2024 results show declining occupancy rates and funds from operations.
- Downtown Toronto office spaces are performing better than other markets, but leasing incentives remain high.
- Is the discount to NAV real? Is it sufficient to jump in? We answer these two questions.
Note: All amounts are in Canadian Dollars
On our last coverage of Dream Office ( D.UN:CA ), we highlighted the key factors that kept us out. This was despite a rather large drop that made value buyers salivate. We felt a bounce and trading opportunity could materialize a little lower than where the stock was trading then....
Dream Office: Deterioration In Key Metrics