The Financial Post reports in its Wednesday edition that real estate investment trusts with significant office holdings have been under pressure since the pandemic, with the shift to remote work and higher interest rates hammering the sector. The Post's Shantae Campbell writes that last week, Dream Office REIT became the latest to cut its distribution in the face of the continuing challenges. Slate Office REIT has cut its distribution twice in the past year. Primarily recognized for its Class B office buildings in the Greater Toronto Area and Ottawa, True North Commercial REIT also cut its dividend in two stages. In mid-March, it slashed its payout by 50 per cent to 29.7 cents per unit annually. At the time, the board said it was reducing the cash payout to maintain financial health and adapt to market conditions. Then in November, it announced it would halt distributions "for approximately six months," sending the trust's unit value tumbling again. True North Commercial said it would instead initiate a share buyback program, aiming to reduce the gap between its share price and net asset value. True North shares are down 74 per cent over the past 12 months and closed Friday at $9.25 on the Toronto Stock Exchange.