Dream Office Real Estate Investment Trust (D.UN) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Dream Office REIT Q2 2024 conference call for Monday, August 12, 2024. During this call, management of Dream Office REIT may make statements containing forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties. many of which are beyond Dream Office REITs control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Additional information about these assumptions and risks and uncertainties is contained in Dream Office REITs filings with securities regulators, including its latest annual information form and MD&A These filings are also available on Dream Office REIT's website at www.dreamofficereit.ca. Later in the presentation, we will have a question and answer session. To queue up for a question, please press star 1 on your telephone keypad. Your host for today will be Mr. Michael Cooper, Chair and CEO of Dream Office REIT. Mr. Cooper, please go ahead. Thank you, operator, and good morning, everybody. Today I'm here with Gord Wadley and Jay Jang, who will both speak about operations and finance. I just want to start by a couple of comments on what's happening in the office market, particularly in Toronto. Just the last few weeks in conversations I've had with business leaders, one very large organization said that they redid all their space after COVID, and they did a hybrid they could probably accommodate people two, two and a half days a week. And now they have people who want to come in four days a week. So they've got to re-figure out how to do their space. Meanwhile, you know, traditionally an office leases from time to time ...