Dream Office REIT

Dream Office REIT owns well-located, high-quality central business district office properties in major urban centres across Canada, with a focus on downtown Toronto.

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  • Portfolio
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  • Team
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Overview

Prime properties in downtown Toronto

30

properties

5.2 M

sq. ft. gross leasable area(1)

11,000

sq. ft. avarage tenant size(1)

5.0yr

weighted average lease term(1)

87.2%

portfolio occupancy (including committed)(1)

1. Excluding investment in joint ventures and properties under development as at March 31, 2021.

Investor Presentation

May 2021

Q1 Investor Presentation

Sustainability

Environmental

We strive to continuously improve the resource efficiency of our operations, lower any undesired impacts associated with our activities and contribute positively to the transition to a low carbon economy.

Social

We care for our people, tenants, partners and communities by embracing a diverse and inclusive workplace, promoting leading health and safety practices and building inclusive, attainable and sustainable communities.

Governance

We maintain the highest ethical business standards, which includes how we manage and mandate sustainability.

Sustainability Highlights

Click Here

Sustainability Reports

2019 Sustainability Report

2019 Sustainability Report – Dream Group of Companies

Have a question for us?

Investor Inquiries

Dream Office REIT 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Transfer Agent

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

About

Dream Office REIT

Dream Office REIT is a premier office landlord in downtown Toronto with approximately 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world.

Our Objectives

We have been and remain committed to:

  • Managing our business to provide cash flows and superior risk-adjusted returns, while managing our assets to maximize value over the longer term;
  • Continual improvement in the quality of our portfolio by investing in assets through upgrades, intensification and redevelopment in order for our buildings to be attractive to our tenants and selectively disposing of assets with lower potential for long-term income growth;
  • Building and maintaining a strong, flexible and resilient balance sheet; and
  • Maintaining a REIT status that satisfies the REIT exception under the SIFT legislation in order to provide certainty to unitholders with respect to taxation of distributions.

Property Management

Dream Office Management Corp. provides real estate services – including property management and leasing – to properties owned by Dream Office REIT as well as for other property owners. This structure provides us with the opportunity to earn revenue and profits from existing and future third party management contracts. We also believe that real estate is an operating business that requires active management in order to enhance value, increase yield and reduce risk to investors.

Dream Office Management Corp. provides real estate services – including property management and leasing – to properties owned by Dream Office REIT, as well as for other property owners.

Our management team and staff are committed to:

Continually improving the quality of our office communities through efficient property management, value added services for tenants and capital improvements to assets; and providing customer service excellence. Our top priority is providing a physical environment essential to the well-being of our tenants and the success of their business.

dreamplus

Our web-enabled response system provides tenants with the ability to submit and monitor their service requests online.

Whether it’s a light bulb that needs replacing or if the temperature is just not right, simply login and enter your request. Should you have any questions or trouble logging in, please contact us at [email protected]

How To: Dream Plus Guide

Portfolio

Overview

Dream Office REIT owns a portfolio of high-quality, well-located and attractively priced business premises. The portfolio comprises central business district and suburban office properties predominantly located in major urban centres across Canada. Please see the Portfolio Summary for a printable overview of the portfolio.

High Concentration in Toronto’s Financial District

Aerial of current 212 King West historical building

212 King St. W

Nighttime shot of Dream Office REIT's building located at 437 University Ave. in Downtown Toronto.

438 University Ave.

Perspective shot of Dream Office's 80 Richmond St. building in the financial district.

80 Richmond St.

Aerial photo of the city core featuring an array of Dream Office REIT's assets; 20 and 36 Toronto Street beside 30 Adelaide Street.

20 Toronto St.

Blue skies drone shot of Dream's 30 Adelaide Street East office with the orange Dream logo on the rooftop.

30 Adelaide St.

Drone image of Dream Office's 350 Bay Street building.

350 Bay St.

Portrait shot of Dream Office's 67 Richmond St. with people walking by on the sidewalk on an overcast day.

67 Richmond St.

Aerial shot of the city core featuring an array of Dream Office REIT's assets highlighting 36 Toronto Street beside 30 Adelaide Street.

36 Toronto

Perspective shot of Dream Office's 6. Adelaide Street on a sunny blue sky day.

6 Adelaide St.

Drone image with the sun shining on Dream Office's 357 Bay Street building.

357 Bay St.

Full length shot of Dream Office's Adelaide Place with mirrored exterior and people crossing the street intersection.

Adelaide Place

Bright image of Dream Office's 720 Bay Street building.

720 Bay St.

Geographic Diversification

30

properties

5.2M

sq. ft. gross leasable area(3)

11,000

sq. ft. average tenant size(3)

5.0

year weighted average lease term(3)

87.2%

portfolio occupancy(3)

(1) This chart illustrates the fair value of investment properties by region, excluding investment in joint ventures and properties under development as at March 31, 2021.
(2) Other includes 2% in Saskatchewan and 2% in U.S. based on investment property fair value.
(3) Operational metrics include committed leases and exclude properties under development and investments in joint ventures.

Financial

Financial Reports & Filings

  • Financial Reports
  • Regulatory Filings

Analysts

Mark Rothschild

Canaccord Genuity 416.869.7280

Michael Markidis

Desjardins Capital Markets 416.607.3028

Matt Kornack

National Bank Financial 416.507.8104

Pammi Bir

RBC Capital Markets 416.842.7805

Mario Saric

Scotia Capital 416.863.7824

Sam Damiani

TD Securities 416.983.9640

Sairam Srinivas

Cormark Securities Inc. 416.943.6436

Have a question for us?

Investor Inquiries

Dream Office REIT 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Change of address or registration

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

Team

Management Team

Our team is made up of the industry’s smartest, most dedicated, knowledgeable and experienced real estate investment, portfolio management and financial professionals that have a proven track record of creating value.

Governance

Dream Office REIT is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but also to uphold the spirit of “good corporate governance” and we always strive to communicate in an open, honest and transparent manner.

Board of Trustees

Our board of trustees is made up of highly experienced, dedicated and knowledgeable
professionals who each have expertise in all key areas of Dream’s businesses.

Read more about our Board of Trustees

Committees

Dream Office REIT’s Committees assist in the effective fun­c­tioning of the Board and help ensure that the views of Independent ­Trustees* are effectively represented. The Board has established three committees.

Independent Trustee

A Trustee that is independent within the meaning of NI 58–101. An Independent Trustee is one who is not an employee or executive officer of Dream Office REIT and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.

Audit Committee

Governance and Nominating Committee

Compensation, Health and Environmental Committee

Charters, Policies and Declaration of Trust

Dream Office REIT is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but to also uphold the spirit of ‘good corporate governance’.

News

News & Events

  • Events
  • Press Releases

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