Dream Residential REIT surges to 3-year high on Morgan Properties buyout
ReutersAug 21, 2025 2:42 PM
** Shares of Canada-listed housing trust Dream Residential REIT DRRu.TO up 15.97% at $10.60;highest since June 15, 2022
** Co announces agreement to be acquired by Morgan Properties
** Says Morgan Properties will acquire co in an all-cash transaction valued at about $354 million
** Dream Residential REIT unitholders to receive $10.80 per unit in all-cash deal with Morgan Properties, an 18.15% premium to the REIT's last closing price
** Up to last close, shares up 69.87% YTD
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