Dream Office Real Estate Investment Trust (DRETF) Q2 2024 Earnings Call Transcript

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Dream Office Real Estate Investment Trust (OTC:DRETF) Q2 2024 Earnings Conference Call August 12, 2024 9:00 AM ET

Company Participants

Michael Cooper - Chairman & Chief Executive Officer
Gordon Wadley - Chief Operating Officer
Jay Jiang - Chief Financial Officer

Conference Call Participants

Mark Rothschild - Canaccord Genuity
Sam Damiani - TD Cowen
Sairam Srinivas - Cormark Securities
Matt Kornack - National Bank Financial
Mario Saric - Scotiabank
Lorne Kalmar - Desjardins
Pammi Bir - RBC Capital Markets
Sumayya Syed - CIBC

Operator

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 REIT's control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Additionally, the additional information about these assumptions and risks and uncertainties is contained in Dream Office REIT's 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. [Operator Instructions]

Your host for today will be Mr. Michael Cooper, Chair and CEO of Dream Office REIT. Mr. Cooper, please go ahead.

Michael Cooper

Thank you, operator and good morning, everybody. Today, I'm here with Gord Wadley and Jay Jiang, 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 in the last few weeks and conversations I've had with business leaders, one very large organization said that they re-did all their space after COVID and they did a hybrid. They can

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