Dream Unlimited Corp. Reports Second Quarter Results
Retrieved on:
星期二, 八月 8, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Housing, The Shops at Riverside, Ontario Street (Montreal), Tax, GTA, East 162nd Avenue station, Sale, FFO, CMHC, GFA, LeBreton Flats, Dream Office Real Estate Investment Trust, Investment, Capital region, Growth, Ottawa River, Common, Cryptocurrency, Rare-earth element, Real estate, Property management, Warehouse, Distillation, Dream, Zibi, Quayside
Our year-to-date results also include our proportionate share of losses on Dream Office REIT of $21 million, compared to income driven by fair value gains of $31 million in 2022.
Key Points:
- Our year-to-date results also include our proportionate share of losses on Dream Office REIT of $21 million, compared to income driven by fair value gains of $31 million in 2022.
- In the second quarter, Dream Impact Trust received final rezoning approval on 49 Ontario Street, a wholly owned 88,000 sf commercial building located in downtown Toronto in close proximity to the Distillery and Canary District communities.
- From a planning perspective, over the second quarter we made progress at our Quayside development located on Toronto’s waterfront.
- Dream’s interest in Quayside is through Dream Impact Fund’s 37.5% interest and Dream Impact Trust’s 12.5% interest.