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Dream Office Real Estate Investment ( ($TSE:D.UN) ) just unveiled an update.
Dream Office REIT has announced the sale of its 438 University Avenue property in Toronto for approximately $105.6 million, enhancing its strategic portfolio management. The transaction, which includes tenant relocations to other Trust properties and a property management agreement, is set to bolster net operating income and reduce development costs, thereby improving profitability and liquidity by paying down debt.
More about Dream Office Real Estate Investment
Dream Office REIT is an unincorporated, open-ended real estate investment trust and a leading office landlord in downtown Toronto, managing over 3.5 million square feet. The company focuses on high-quality assets in prime locations within one of the top office markets worldwide.
YTD Price Performance: 7.60%
Average Trading Volume: 1,346
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $250.7M
See more data about D.UN stock on TipRanks’ Stock Analysis page.
