Dream Office Real Estate Investment Trust

TSX:D.UNCanadaView on OTC Pink - Current Information

May 9, 2024

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• Dream Office REIT Reports Q1 2024 Results, from 5:02PM ET on Thursday May 09, 2024 by Dow Jones

  5:02PM ET on Thursday May 09, 2024 by Dow Jones
  Companies Mentioned: D.UN
  Net total debt-to-normalized adjusted EBITDAFV ratio (years) March 31, December 31, 2024 2023 ------------------------------------------- ---------- ---------- Non-current debt $1,039,910 $ 1,254,090 Current debt 309,411 85,371 -------------------------------------------- --------- ---------- Total debt 1,349,321 1,339,461 Less: Cash on hand(1) (12,769) (11,908) -------------------------------------------- --------- ---------- Net total debt $1,336,552 $ 1,327,553 -------------------------------------------- --------- ---------- Adjusted EBITDAFV -- quarterly 28,919 28,747 -------------------------------------------- --------- ---------- Less: NOI of disposed properties for the quarter -- 2 -------------------------------------------- --------- ---------- Normalized adjusted EBITDAFV -- quarterly $ 28,919 $ 28,749 -------------------------------------------- --------- ---------- Normalized adjusted EBITDAFV -- annualized $ 115,676 $ 114,996 -------------------------------------------- --------- ---------- Net total debt-to-normalized adjusted EBITDAFV ratio (years) 11.6 11.5 -------------------------------------------- --------- ---------- (1) Cash on hand represents cash on hand at period-end, excluding cash held in co-owned properties and joint ventures that are equity accounted. Total equity (including subsidiary redeemable units) and NAV per unit Unitholders' equity ---------------------------------------------- March 31, 2024 December 31, 2023 ---------------------- ---------------------- Number of Number of Units Amount Units Amount ----------------------- ---------- --------- ---------- --------- Unitholders' equity 16,329,647 $1,837,394 16,313,022 $1,837,138 Deficit -- (635,735) -- (642,162) Accumulated other comprehensive income -- 4,757 -- 5,335 ------------------------ ---------- --------- ---------- --------- Equity per condensed consolidated financial statements 16,329,647 1,206,416 16,313,022 1,200,311 ------------------------ ---------- --------- ---------- --------- Add: Subsidiary redeemable units 2,616,911 42,525 2,616,911 54,850 ------------------------ ---------- --------- ---------- --------- Total equity (including subsidiary redeemable units) 18,946,558 $1,248,941 18,929,933 $1,255,161 ------------------------ ---------- --------- ---------- --------- NAV per unit $ 65.92 $ 66.31 ------------------------ ---------- --------- ---------- ---------