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Major Toronto Office REIT Cuts Distribution in Half

Dream Office Looks to Maintain Capital as Downtown Vacancy Rate Hits Record High
Dream Office REIT sold this downtown Toronto office building in 2023. (CoStar)
Dream Office REIT sold this downtown Toronto office building in 2023. (CoStar)
CoStar News
February 20, 2024 | 10:38 P.M.

Dream Office REIT, a major player in Canada's largest city with 28 investment properties, is cutting its dividend in half in a reduction that it said will save $19 million annually.

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