1. travel
2. tourist destinations
3. canada

Annual General
Meeting 2015
11 May 2015
Pauline Alimchandani
Chief Financial Officer
10,100
40,000
40,000+
4M
acres
Single-Family Homes
Multi- Family Units
Sf. of Retail
393 Properties
1,003
41 M
Sf. of GLA
Colleagues
Yellowknife
Vancouver
Edmonton
Saskatoon
Montreal
Calgary
Regina
Ottawa
Toronto
Quebec City
Halifax
15 M
Sf. of GLA
226 Properties
Hamburg
50 Colleagues
Berlin
Germany
Dusseldorf
Cologne
Frankfurt
Stuttgart
Munich
Asset Management &
Management Services
Development
Land & Housing
Development
Retail Development
Urban Development
o! 10,100 Acres of Land
o! 11 active retail projects
on owned lands
o! Distillery District
o! Pan Am Village
o! Zibi/Ottawa
o! Virtually unlimited pipeline
of development in key
Canadian & US markets
Over 9,000 acres in 10 large
master-planned
communities at various
stages of approval
Over 400 acres of Retail
development on our lands in
Western Canada
Unlimited supply of
residential units in Eastern
& Western Canada on
owned lands
4,000 acres of potential
development
30 identified properties
Dream Van Horne
Properties
Asset Management
o! Dream Office
o! Dream Industrial
o! Dream Global
o! Dream Alternatives Trust
619 Properties
58 Mln sq. ft. of GLA
15 Bln of Assets Under
Management in North
America and Germany
Daniel Marinovic
SVP Land & Housing
Western Land & Housing
o  Premier master planned community builder in Western
Canada
o  10,000 acres of land under management
o  40,000 single family homes, 40,000 multi-family homes,
9 million square feet of commercial uses
o  500 acres under development & 5,000 acres under approvals
Edmonton
Saskatoon
Calgary
Regina
Glacier Ridge
Providence
Calgary
South
Kensington
Saskatoon
Brighton
Providence
Calgary
Providence
o! 1,800 acres of land in Calgary’s desirable southwest quadrant
o! Acquiring land in Providence since 1998
o! First planning area is 1,850 acre Providence Area Structure Plan
– Dream’s share is 35%
o! ASP planning has commenced – city council approval date expected
December 2015
o! Future west Providence lands is 1,000 acres
Providence
Glacier Ridge
Providence
13
Providence area site plan
14
Providence
Holmwood
Saskatoon
Brighton in Holmwood
o  Holmwood Sector: Future home to 100,000 people
o  Dream owns 3,100 acres or 70% of land in Holmwood
o  Brighton: Dream owns 60% of first 900 acre neighborhood
o  15,000 people and 6,000 residential units in Brighton
o  Construction is underway
Holmwood Sector
Holmwood
Holmwood – Pond Network
Holmwood
Holmwood
Holmwood – Parks
Holmwood
Holmwood
Holmwood – Amphitheatre
Holmwood
Holmwood – Village Centre
Holmwood
Phase 6
Phase 4
Phase 3
Phase 5
Phase 1
Phase 2
27
Holmwood – Suburban Centre
Brighton
Suburban Centre
South Kensington
Saskatoon
South Kensington
o  Blairmore: 70,000 residents
o  South Kensington: first 150 acre neighborhood
o  Dream’s ‘neighborhood of firsts’: land development, retail,
condominium, diverse residential product
o  Complete community developer platform for future growth
South Kensington
South Kensington – Mix
South Kensington – Mix
South Kensington – Mix
South Kensington – First shovel in the ground
South Kensington
Joshua Kaufman
VP, Retail & Commercial Development
Building better communities for
Canadians to live in. We believe
that having better retail and
amenities nearby is an
important part of building better
communities.
Edmonton
Saskatoon
Calgary
Regina
Canadian Retail Sales by Province 2010-2013 ($Billions)
$180
8%
7.58%
$160
7%
6.89%
$140
6%
$120
5%
4.94%
$100
4.34%
4%
$80
3.04%
$60
3%
2.60%
2.54%
2.27%
$40
2.04%
2.02% 2%
$20
1%
$0
0%
2010
2011
2012
2013
Average YOY%
42
43
Current Developments – 155 acres of 1.6 M sq. ft.
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Calgary
Edmonton
Kingston
Saskatoon
Pipeline Developments – 250 acres of 3 M sq. ft.
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Calgary
Edmonton
Regina
Saskatoon
Edmonton
Tamarack
Tamarack – Retail Lands
Property Statistics!
Population (2016 projected)!
Household Income (2016)!
Acreage!
Gross Leasable Area!
Trade Area (3km)!
62,115!
$131,541 !
18!
185,000!
47
Tamarack – Tenants
48
Tamarack – Goodlife Fitness
49
Tamarack – Shoppers Drug Mart
50
Saskatoon
Saskatoon
Blairmore – Retail Lands
Property Statistics!
Population (2016 projected)!
Household Income (2016)!
Acreage!
Gross Leasable Area!
Trade Area (3km)!
30,134!
$95,611 !
9!
95,000!
Lowes Home
Improvement
Wal-Mart
53
Blairmore – Dream Centres (Kensington)
Property Statistics!
Population (2016 projected)!
Household Income (2016)!
Acreage!
Gross Leasable Area!
Trade Area (3km)!
30,134!
$95,611 !
9!
95,000!
54
The Shops
of South Kensington
The Shops of South Kensington
56
Saskatoon
Holmwood
Holmwood – Dream Centres
Approximately 1.7 million sf and 150
acres
Holmwood – Dream Centres
Holmwood – Dream Centres
Holmwood – Dream Centres
Holmwood – Dream Centres
Jason Lester
SVP Urban Development
Urban Development
Edmonton
Saskatoon
Calgary
Ottawa
Regina
Toronto
Unlimited supply in Western Canada
Over 7,000 Units in Eastern Canada
2015 Pan Am - Athletes’ Village
30,000 sf of retail
500 bed George
Brown Residence
Approximately
1,100 condos
82,000 sf of the
YMCA
250 affordable
rental units
20,000 sf of retail
810 market condos
Phase 1 – PanAm Athletes’ Village / Mixed Use Community
Phase 2 – Post PanAm Games
2015 Pan Am - Athletes’ Village
Distillery
Distillery
One of the world’s most sustainable neighborhoods
Located 1 km to Parliament Hill
37 acre water front community
to be redeveloped into a mixeduse heritage neighborhood
Over 3 million sq. ft. of density
Consisting of over 1 million sq. ft.
of commercial
Over 2,000 residential units
Zibi – Ottawa/Gatineau, Ottawa
15 Year development
commencing in 2015
One of the world’s most sustainable neighbourhoods
Condominium Development Portfolio
Victor Settino
VP of Commercial Development
January 20, 2014 – DRM and
Canadian Pacific Rail (CP)
announce a JV to maximize CP’s
surplus real estate portfolio.
~4,000 acres suitable for
development, lease and for sale.
More than 30 properties have been
identified to be apart of the JV
across Canada and the U.S.
Dream Van Horne Properties
Potential development to
include commercial,
residential, industrial
and mixed use.
A virtually unlimited pipeline of
development opportunities
Vancouver
Edmonton
Calgary
Nanaimo
Montreal
Minneapolis
Milwaukee
Toronto
Ottawa
Cambridge
Chicago
Windsor
Lucien L’Allier, Montreal
Central Business District
Bell Centre
Lucien L’Allier
Metro Station`
Development
Site
Griffintown
Schiller Park, Chicago
Outlet
Mall
O’Hare Airport
t
men
elop
Dev Site
Airport
Express
Etobicoke, Toronto
way
High
427
t
en
lopm
Deve ite
S
Kipling TTC & GO
Stations
ay
ressw
G
er Exp
ardin
Downtown
Edmonton
South Edmonton, Alberta
University
Of
Alberta
t
Developmen
Site
Northern Alberta
Institute of
Technology
d
Gateway Blv
Whyte Ave
St. Clair, Toronto
t
Jane S
ir
. Cla
St
W
Ave
Wal-Mart
Development
Site
Old Mill
GM Dealership
80
Jane Gavan
President, Asset Management
Dream has $15 Billion
of Assets under Management
82
Current Market Cap $3.1 Bln
Total Assets: $7.0 Bln
Current Market Cap $1.1 Bln
Total Assets: $2.4 Bln
Current Market Cap $692 Mln
Total Assets: $1.7 Bln
Current Market Cap $500 Mln
Total Assets: $1.0 Bln
Canada’s Largest Office REIT
Canada’s Largest Global REIT
Canadian Pure-Play Industrial
REIT
Fund for New Opportunities in
Hard Asset Alternative
Investments
177 Properties
24.2 M of GLA (sq. ft.)
266 Properties
14.8 M of GLA (sq. ft.)
216 Properties
16.9 M of GLA (sq. ft.)
19 of Properties
3.8 M of GLA (sq. ft.)
Yellowknife
Calgary
Vancouver
Halifax
Saskatoon
Montreal
Toronto
Hamburg
Düsseldorf
Cologne
Frankfurt
S
Stuttgart
Munich
Recognized for establishing an excellent platform
POBA Joint Venture
Eight properties
sold to POBA were
originally acquired
at a 6.3% cap rate
Sold a 50% interest
in these properties
to POBA at a 5.4%
cap rate for €247
million
Fully reinvested net
proceeds in higher
quality assets at
higher cap rates
while lowering debt
costs and extending
debt maturities
Created Dream Alternatives with $1 Billion of Assets
o  Repositioned 18% of the original
portfolio
o  Committed $150 mln to new
investments including renewable power
at a yield of 9.6%
o  39% of units turned over
Over 1,000 people
across 30 markets
Canada & Europe
Diverse Board of Directors
Ned Goodman
Jane Gavan
Richard Gateman
Joanne Ferstman
o!
Chair of the board and chair of the audit committee
of Dream Industrial And dream Office REIT are women.
o!
Over 40% of Dream Alternatives is women
Jennifer Lee Koss
Michael Cooper
Vincenza Sera
Vicky Schiff
o! Over 2/3 of our board of trustees represented by
highly qualified professional women
Building better communities
Women’s College Hospital
Right To Play
Canada’s largest ambulatory hospital
and world leader in women’s health.
Canada National Corporate Partner.
Dream is supporting the hospital’s new
facility and services; through workshops,
Dream is learning from WCH about
innovation and process improvement.
International organization that uses the
power of play to give kids a better
childhood. Every week, Right to Play
engages with 1 million children in over
20 countries.
Dream has donated $1 Million
over 5 years.
Dream’s partnership supports RTP
programs in Canada and abroad and
provides Dream employees with
volunteering opportunities
The Shoebox Project
For Shelters
Dream is the National Corporate
Sponsor.
National program that allows
Canadians to donate shoeboxes filled
with small gifts to women living in
shelters across Canada. Dream
employees are collecting and making
shoeboxes for local shelters during the
holidaysvolunteering opportunities
Pauline Alimchandani
Chief Financial Officer
$250 Million of Pre-Tax Income in 2016
2015 AGM
Composition of Income
2014 AGM
Composition of Income
o 
o 
Renewable Power
o 
Asset Management
o 
o 
Renewable Power
o 
Retail
Asset Management
o 
Condo
o 
o 
o 
Housing
Land
Condo
o 
Housing
Land
Our Growth in Book Equity Since Becoming a Public Company in 2013
$900 Mln
+52%
29%
CAGR in book
equity to 2016
$592 Mln
+64%
$360 Mln
May 2013
Dec 2014
Dec 2016
Michael Cooper
Chief Executive Officer
Outlook
Forward Looking Information
This presentation may contain forward-looking information within the meaning of applicable securities legislation including, but not limited to,
statements regarding the timing and details of our current and future developments, our expectations regarding our joint ventures, our anticipated
asset mix and composition of income, our future cash flows and future growth in book equity. 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’s control, which could cause actual results to
differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions, risks and uncertainties include,
but are not limited to, general and local economic and business conditions; inflation; expanding our land development, home building and asset
management segments in line with management’s goals; executing our plans with respect to our retail and multi-family segments; achieving our current
financial goals, including with respect to pre-tax income; continued growth rate in line our past performance; employment levels; regulatory risks;
timing and content of our development approvals; mortgage rates and regulations; environmental risks; consumer confidence; seasonality; adverse
weather conditions; reliance on key clients and personnel and competition. All forward looking information in this presentation speaks as of the date of
this presentation. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or
otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities
regulators filed on SEDAR (www.sedar.com).