Added to YB: 2024-07-22
Pitch date: 2024-07-19
D-UN.TO [bullish]
Dream Office Real Estate Investment Trust
+4.39%
current return
Author Info
Company Info
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.
Market Cap
CAD 244.6M
Pitch Price
CAD 16.79
Price Target
N/A
Dividend
6.68%
EV/EBITDA
14.22
P/E
-2.33
EV/Sales
7.38
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.
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