Added to YB: 2024-07-22
Pitch date: 2024-07-19
D-UN.TO [bullish]
Dream Office Real Estate Investment Trust
-2.16%
current return
Author Info
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 16.48
Price Target
N/A
Dividend
6.24%
EV/EBITDA
24.31
P/E
-1.64
EV/Sales
9.70
Sector
Office REITs
Category
special_situation
Canadian REIT Valuations And 2024 Opportunities - Office REITs: Dream Office
D-UN.TO: Dream Office REIT outperforming 2022 outlook & Toronto market. Strong tenant mix, improved buildings, small spaces. Potential asset sales (438 University, 212 King West) to ease leverage. 74 Victoria lease risk reduced. Artis REIT owns 20.75%, limited by purchase exemptions. Artis CEO sees D-UN.TO as undervalued, M&A target. Potential outcomes: full acquisition, board changes, value promotion campaign.
Read full article (3 min)