Added to YB: 2025-05-09
Pitch date: 2025-05-07
D-UN.TO [neutral]
Dream Office Real Estate Investment Trust
+13.34%
current return
Author Info
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Company Info
Dream Office Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust.
Market Cap
CAD 262.4M
Pitch Price
CAD 14.22
Price Target
N/A
Dividend
6.24%
EV/EBITDA
24.31
P/E
-1.64
EV/Sales
9.70
Sector
Office REITs
Category
value
Show full summary:
Bottom Feeding - Dream Office Real Estate Investment Trust (D.UN.TSX)
D-UN.TO (quick overview): Downtown Toronto office REIT trading at 0.24x book, 22.3% FFO yield, 7.5% div yield. Net loss due to asset writedowns. Declining occupancy + rising interest expense = market pricing in continued deterioration/default risk. Could be cheap if occupancy stabilizes and debt burden reduced via repayments or lower rates.
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