Dream Office REIT owns, leases and manages strategically-located, office properties in Canada. It is an unincorporated, open-ended REIT focusing on Toronto and Greater Toronto Area.
These areas are home to ~40% of Canada’s business headquarters where rent growth is expected to continue in the future. A portfolio of central business district office properties in major Canadian urban centers and high-quality tenant base are Dream Office REIT’s key competitive advantages.
About 70% of the REIT’s tenants have credit ratings of A or higher. Government of Canada, TD Canada Trust, CIBC are a few of Dream Office REIT’s leading tenants. Dream Office continually engages in the intensification and development of properties and is in a good position for rent escalation, given the rapid growth in income and tech jobs in Canada.
Dream Office derives 61% of its NOI from downtown Toronto area, followed by Ottawa and Montreal (12%), Mississauga and North York (11%), Calgary (7%), and other markets (9%). It sports a strong 93% occupancy rate.