Dream Office Real Estate Investment Trust Class A · TSX:D.UN
Dream Office Real Estate Investment Trust Class A — Dream Impact Trust — Shareholder Meeting (June 2026)
27 slides from Dream Office Real Estate Investment Trust Class A's shareholder meeting presentation, June 2026
Slide 1: Annual General Meeting
Dream Impact AGM 2026 1 June 2026 Annual General Meeting
Slide 2: Agenda
Dream Impact AGM 2026 2 Agenda 01 Chair's Welcome and Call to Order 05 Conclusion of the Meeting 02 Appointment of Chair, Secretary and Scrutineers for the meeting 06 Chair’s Remarks 03 Notice of Meeting 07 Management Presentation 04 Business of the Meeting • Financial Statements and Auditors’ Repor
Slide 3: Amar Bhalla, Chair
Dream Impact AGM 2026 3 Amar Bhalla Chair
Slide 4: Derrick Lau, Chief Financial Officer
Dream Impact AGM 2026 4 Derrick Lau Chief Financial Officer
Slide 5: Overview
Dream Impact AGM 2026 5 Overview Odenak Ottawa, ON $646M $28M 2,973 4,431 total assets1 of available liquidity2 multi-family units in our purpose-built multi- recurring income family units in our segment development pipeline Note 1 – As of December 31, 2025. Note 2 – As of May 1st , 2026.
Slide 6: Recent Accomplishments
Dream Impact AGM 2026 6 Recent Accomplishments Canary Landing Toronto, ON Development and Multi-Family • Continuing to make progress on milestone development projects • 855 units completed at Cherry House at Canary Landing • Improved leasing and strong multi-family operating performance • $10.5 mill
Slide 7: Recent Accomplishments
Dream Impact AGM 2026 7 Recent Accomplishments Head Street Square - Zibi Ottawa, ON Derisking the portfolio • Reduced land loan exposure • Three non-core assets were sold (76 Stafford, Zibi Block 204 and part of our interest in Scarborough Junction1), reducing our exposure to commercial assets and d
Slide 8: Development and Multi-Family Portfolio Accomplishments
Quayside Toronto, ON Development and Multi-Family Portfolio Accomplishments
Slide 9: 49 Ontario Street
Dream Impact AGM 2026 9 49 Ontario Street Secured 20-year, low-cost government affiliated construction financing 10% interest sold to our long-term partner CentreCourt Developments Demolition commenced in Q4 and construction is well underway Development fees waived by City of Toronto Close proximity
Slide 10: Quayside
Dream Impact AGM 2026 10 Quayside Partnership reorganization is complete.1 Collectively, the Trust and Dream Impact Fund now own 100% of the phase 1 multi- family portfolio, with no exposure to the condo component 572 affordable units to be developed in partnership with Waterfront Toronto and the Ci
Slide 11: Canary Landing
Dream Impact AGM 2026 11 Canary Landing Maple House & Birch House 96% occupancy as of year end 1,008 25% total units ownership interest Cherry House Over 40% leased to date (leasing commenced in late 2025) 855 25% total units ownership interest
Slide 12: Derisking our Portfolio
Zibi Ottawa, ON Derisking our Portfolio Accomplishments
Slide 13: Debt Composition
Dream Impact AGM 2026 13 Debt Composition 2% 10% 11% 10% 6% 37% 15% 81% 28% 2025(1) 2030 Government Affiliated Debt Construction Corporate Land Mortgage Note 1 – Based on MPCT’s share of total debt as of December 31, 2025.
Slide 14: Financing Accomplishments
Dream Impact AGM 2026 14 Financing Accomplishments Brightwater Mississauga, ON • $30 million Fairfax debenture was extended for a 5-year term at a 6.5% rate. • $30 million of variable high-interest rate construction debt was repaid through condo and townhome closings at Brightwater. • $50 million co
Slide 15: Outlook
49 Ontario St. Toronto, ON Outlook
Slide 16: Asset Composition
Dream Impact AGM 2026 16 Asset Composition ~90% of future portfolio value expected to be multi-family by 2030 12% 10% 40% 27% 21% 90% 2025(1) 2030 Development (under construction) Development (land) Commercial Multi-family2 Note 1 – Based on gross asset value of the property at MPCT’s ownership inte
Slide 17: 49 Ontario Street
Dream Impact AGM 2026 17 49 Ontario Street • The Trust’s equity in the project is ~$60 million1 or ~$3 per unit. • As the project progresses, its value is expected to increase. • The long-term, low-cost government financing has no refinancing risk until 2046. Combined with principal reduction, the g
Slide 18: Illustrative Development Pipeline
Dream Impact AGM 2026 18 Illustrative Development Pipeline Growth in Multi-family Rental Units (at MPCT Share) ~2,300 2,500 units at share 2,000 1,500 1,000 500 - 2020 2021 2022 2023 2024 2025 2030 Value add Purpose-built rental
Slide 19: Growth in Multi-Family Net Operating Income
Dream Impact AGM 2026 19 Growth in Multi-Family Net Operating Income $41.1M 31% CAGR 49 Ontario Contribution $10.5M 2025 YE 2030 YE Estimate
Slide 20: Michael Cooper, Portfolio Manager
Dream Impact AGM 2026 20 Michael Cooper Portfolio Manager
Slide 21: Reduced Land Loan Exposure By $163M
Dream Impact AGM 2026 21 Reduced Land Loan Exposure By $163M1 Land Loan Exposure at Current Land Loan What happened? Variance December 2023 Balance 49 Ontario $80.0M Construction commenced - $80.0M Victory Silos $56.3M Debt repayments $50.7M $5.6M Scarborough Junction $47.0M Sold 50% of the project
Slide 22: 2030 Target Portfolio Composition
Dream Impact AGM 2026 22 2030 Target Portfolio Composition ~90% of future portfolio value is expected to come from multi-family assets by 2030 10% 12% ~90% or ~2,300 units at share 78% Development (land) Value Add Purpose-Built Rental
Slide 23: Thank you
Zibi Ottawa, ON Thank you
Slide 24: Specified Financial Measures
Dream Impact AGM 2026 24 Specified Financial Measures Dream Impact Trust’s (the “Trust”) consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). In this presentation, as a complement to results provided in accordance with IFRS, the Trust
Slide 25: Forward-Looking Information
Dream Impact AGM 2026 25 Forward-Looking Information This presentation may contain forward-looking information within the meaning of applicable securities legislation, including statements relating to the Trust's objectives and strategies to achieve those objectives, the Trust's beliefs, plans, esti
Slide 26: Thank you
Zibi Ottawa, ON Thank you
Slide 27: Michael Cooper, Derrick Lau, Kimberly Lefever
Victory Silos Toronto, ON Michael Cooper Derrick Lau Kimberly Lefever Portfolio Manager Chief Financial Officer Director, Investor Relations 416.365.5145 416 365-2364 416.365.6339 mcooper@dream.ca dlau@dream.ca klefever@dream.ca