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BRIEF-Dream Office REIT reports qtrly FFO of $0.70 per share

Published 2016-02-18, 05:51 p/m
© Reuters.  BRIEF-Dream Office REIT reports qtrly FFO of $0.70 per share
D_u
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Feb 18 (Reuters) - Dream Office Real Estate Investment Trust D_u.TO :
* Reit reports 2015 year-end results, exceptional leasing momentum in key
markets and announcement of three year strategic plan to deliver value to
unitholders
* Basic AFFO on a per unit basis for the three months ended December 31, 2015
was $0.62
* Qtrly FFO per share $0.70
* Q4 FFO per share view C$0.69 -- Thomson Reuters I/B/E/S
* Reit - received commitments from syndicate of Canadian and global financial
institutions to provide $800 million revolving credit facility
* Is targeting to sell non-core assets currently valued at about $1.2 billion
over the next three years
* Reit - immediate suspension of distribution reinvestment plan,reduction in
distribution from $2.24/unit to $1.50/unit
* Reit - facility will replace existing $171.5 million revolving facility due
March 5, 2016 and $183.5 million facility due August 15, 2016

* Source text for Eikon ID:nMKWsXtqYa

* Further company coverage D_u.TO

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