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Dream Office REIT (D.UN:CA) National Bank Raises Target Forecast
Dream Office REIT (D.UN:CA)
Analyst Update
National Bank of Canada raised its 12 month target price to C$20.00 from C$19.00, while maintaining a “Sector Perform: rating on the stock, signaling confidence in the trust’s operational outlook despite ongoing challenges in the office property sector. Analysts view the stock as likely to track close to broader market performance, balancing positive leasing momentum and premium assets against persistent structural headwinds, such as high leverage, evolving work-from-office dynamics, and broader downtown office demand pressures that continue to shape investor expectations for the REIT’s risk-reward profile.
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