DRETF News and Press, Dream Office Real Estate Investment Trust Tr Unit Ser A From 06/29/23

2023-06-29 13:01:38 ET Summary The stock finally went under the $20 CAD buy point we had previously discussed. The company has some significant risks, including large, variable interest rate debt. One should not discount the fallout from Dream Office's situation on their asset...

2023-06-20 14:39:48 ET Summary Our previous work on Dream Office suggested that the NAV was likely unrealistic. The stock floated up on the substantial issuer bid. The drop today wipes out all those gains and more. We look at where things stand and why you should still avo...

2023-06-13 10:30:00 ET Summary Dream Industrial continues to deliver stellar leasing spreads. The REIT has an extremely short debt maturity profile, though, and that creates some modest risks down the line. We look at the recent results and tell you why we booked our profits. ...

2023-05-01 08:23:58 ET Summary Vornado recently suspended its dividend after paying a consistently high dividend for 30 years. 28 office REIT dividends were evaluated for safety based on yield, coverage ratios, and price/book value. I recommend investors who own office REITs r...

2023-04-24 08:25:54 ET Summary Dream Office REIT's debt levels are too high. The office real estate market is currently in distress. The REIT's current valuation does not provide an adequate margin of safety to warrant investment at this time. Although the valuation seem...

2023-04-14 09:19:51 ET Summary Dream Office has moved lower since our last article. Q4-2022 performance was actually quite sturdy and they sold a property at a stunning 4% cap rate. We look at the numbers and update our thesis. All values are in CAD unless noted ot...

Summary Dream expects continual revenue growth as the company seeks more asset management opportunities in 2023. The company has risen from managing equity valued at $1.4 billion in Q1 2022 to $18 billion by December 31, 2022. Dream's sustainability action plan is for the company to...

Dream Office Real Estate Investment Trust (DRETF) Q4 2022 Earnings Conference Call February 17 2023 10:00 AM Company Participants Michael Cooper - Chairman & CEO Gordon Wadley - Chief Operating Officer Jay Jiang - Chief Financial Officer Conference Call Parti...

Summary It has been a long time since we wrote about this intrepid REIT. Management has made some good moves but major challenges lie ahead. We look at the recent results and tell you why we are not fans of some portions of the current strategy. All values are in CAD unl...

Summary I recently became bullish on Dream Office REIT - until I did my due diligence. History shows that while management has a track record of creating value, large portions of that value don't accrue to investors. The REIT has some very aggressive accounting policies. Liabilities...