Dream Office: 50% Stealth Distribution Cut Is Too Little And Perhaps Too Late
DDominion Energy(D) Seeking Alpha·2024-02-21 06:05

Bloomberg/Bloomberg via Getty Images Note: All amounts discussed are in Canadian Dollars On our last coverage of Dream Office (OTC:DRETF) (TSX:D.UN:CA), we did not buy into the cheap assets theory and stayed on the sideline. Our rationale was that you were getting office properties for 40% off, but you would do best to wait for an 80% off sale. We also felt the distribution policy being pursued was just plain wrong and a cut was needed to better align capital plans. Dream Office now has a "High" level of da ...