D-UN.TO
HoldSecond WindDream Office Real Estate Investment Trust · Real Estate · Canada · $243M · Avg Vol: $134K/d
Second Wind: Cheap and rising again, but the business does not yet earn the optimism.
ABOUT DREAM OFFICE REAL ESTATE INVESTMENT TRUST
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Dream Office Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 4 million square feet owned and managed.
FINANCIAL SUMMARY (CAD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 196.3M | 190.4M | 196.1M | 183.4M | -2.2% | 181.2M | 183.6M | 187.3M | 1.1% |
| EPS (CAD) | 2.41 | -3.47 | -5.44 | -8.25 | — | -4.26 | — | — | — |
| Shares | 23.1M | 16.3M | 16.3M | 16.4M | -29.0% | 16.4M | — | — | — |
| Debt | 1.4B | 1.3B | 1.3B | 1.2B | -3.4% | 1.2B | — | — | — |
| Equity | 1.5B | 1.2B | 1.1B | 900.0M | -16.3% | — | — | — | — |
| Op CF | 76.7M | 70.7M | 72.4M | 71.5M | -2.3% | 60.0M | — | — | — |
| Inv CF | -19.2M | 286.1M | -21.1M | 150.1M | — | — | — | — | — |
| Fin CF | -58.6M | -351.4M | -47.1M | -224.2M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of D-UN.TO are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| D-UN.TO | Dream Office Real Estate Investment Trust(you) | $243M | 47 | Hold |
| TNT-UN.TO | True North Commercial Real Estate Investment Trust | $86M | 58 | Hold |
| BTB-UN.TO | BTB Real Estate Investment Trust | $243M | 82 | Strong Buy |
| AP-UN.TO | Allied Properties Real Estate Investment Trust | $1.2B | 17 | Strong Sell |
| MRT-UN.TO | Morguard Real Estate Investment Trust | $337M | 50 | Hold |
| NRR-UN.TO | Northview Residential REIT | $444M | 44 | Hold |
| NXR-UN.TO | Nexus Industrial REIT | $526M | 42 | Hold |
| PKT.V | Parkit Enterprise Inc. | $88M | 48 | Hold |
| MRG-UN.TO | Morguard North American Residential Real Estate Investment Trust | $777M | 44 | Hold |
| SGR-UN.TO | Slate Grocery REIT | $648M | 58 | Hold |
Peer medians: ROE 4.8% · P/E 13.9x · Gross margin 60.4%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.