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Dream Office Real Estate Investment (DRETF)
OTHER OTC:DRETF
RESEARCH TOOLSreports
Holding DRETF?
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DRETF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.01 - $17.23
Previous Close$12.65
Volume562.00
Average Volume (3M)1.32K
Market Cap
$239.21M
Enterprise Value$1.18B
Total Cash (Recent Filing)C$33.86M
Total Debt (Recent Filing)C$1.38B
Price to Earnings (P/E)―
Beta1.59
Next Earnings
Feb 13, 2025EPS EstimateN/A
Next Dividend Ex-Date
Dec 31, 2024Dividend Yield7.75%
Share Statistics
EPS (TTM)-4.88
Shares Outstanding18,949,474
10 Day Avg. Volume816
30 Day Avg. Volume1,323
Standard Deviation0.13
R-Squared0.24
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.23
Price to Sales (P/S)1.74
Price to Cash Flow (P/CF)5.30
P/FCF Ratio2.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$14.29Price Target Upside6.99% Upside
Rating ConsensusHold
Number of Analyst Covering4
Dream Office Real Estate Investment News
PremiumCompany Announcements
Dream Office REIT Reports Q3 2024 Financial Results
PremiumCompany Announcements
Dream Office REIT Shows Steady Growth in Q3 2024
PremiumCompany Announcements
Dream Office REIT Announces September DistributionPremiumCompany Announcements
Dream Office REIT Declares August 2024 Distribution
Bulls Say, Bears Say
Bulls Say
EarningsFFO per unit rises 10% year-over-year, ahead of estimate and consensus.
Financial PerformanceDowntown Toronto portfolio drives solid organic growth with a 5.3% rise in same-property NOI.
Leasing ActivityLeasing activity appears to be improving with significant new leases signed and an increase in in-place occupancy.
Bears Say
Interest ExpenseGreater interest expense from mortgage refinancing and exposure to variable-rate debt partially offset positive factors.
Property PerformanceThe 'other markets' portfolio experienced a decrease in same-property NOI due to increased vacancy, particularly in the GTA.
ValuationThe units trade at a discount compared to the average discount for peers and above the average cash flow multiple basis for its office REIT peers.
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Options Prices
Currently, No data available
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Ownership Overview
51.03% Insiders
0.22% Mutual Funds
― Other Institutional Investors
48.15% Public Companies and
Individual Investors
DRETF FAQ
What was Dream Office Real Estate Investment’s price range in the past 12 months?
Dream Office Real Estate Investment lowest stock price was $11.01 and its highest was $17.23 in the past 12 months.
What is Dream Office Real Estate Investment’s market cap?
Currently, no data Available
When is Dream Office Real Estate Investment’s upcoming earnings report date?
Dream Office Real Estate Investment’s upcoming earnings report date is Feb 13, 2025 which is in 53 days.
How were Dream Office Real Estate Investment’s earnings last quarter?
Dream Office Real Estate Investment released its earnings results on Nov 07, 2024. The company reported -$2.743 earnings per share for the quarter, missing the consensus estimate of N/A by -$2.743.
Is Dream Office Real Estate Investment overvalued?
According to Wall Street analysts Dream Office Real Estate Investment’s price is currently Undervalued.
Does Dream Office Real Estate Investment pay dividends?
Dream Office Real Estate Investment pays a Notavailable dividend of $0.058 which represents an annual dividend yield of 7.75%. See more information on Dream Office Real Estate Investment dividends here
What is Dream Office Real Estate Investment’s EPS estimate?
Dream Office Real Estate Investment’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Dream Office Real Estate Investment have?
Dream Office Real Estate Investment has 16,337,349 shares outstanding.
What happened to Dream Office Real Estate Investment’s price movement after its last earnings report?
Dream Office Real Estate Investment reported an EPS of -$2.743 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -3.494%.
Which hedge fund is a major shareholder of Dream Office Real Estate Investment?
Currently, no hedge funds are holding shares in DRETF
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Dream Office Real Estate Investment Stock Smart Score
Unlock Smart Score
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5
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9
10
Analyst Consensus
Hold
Average Price Target:
$14.29 (6.99% Upside)
$14.29 (6.99% Upside)
Blogger Sentiment
Neutral
DRETF Sentiment 67%
Sector Average 68%
Sector Average 68%
Insider Transactions
Sold Shares
Worth $228.0K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.18%
12-Months-Change
Fundamentals
Return on Equity
-10.79%
Trailing 12-Months
Asset Growth
-2.71%
Trailing 12-Months
Company Description
Dream Office Real Estate Investment
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid- to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.
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DRETF Company Deck
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DRETF Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call revealed a mixed performance for Dream Office REIT. While there are notable achievements such as increased funds from operations and strong leasing activity, there are also significant challenges including a decline in net asset value, high construction costs, and a challenging lending environment due to rising interest rates. The office market's erratic nature post-COVID and the ongoing uncertainty about space usage by tenants also weigh heavily on the company's outlook.Read More>---
DRETF Stock 12 Month Forecast
Average Price Target
$14.29
▲(6.99% Upside)
Technical Analysis
Armada Hoffler Properties
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Brandywine Realty
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Piedmont Office
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Highwoods Properties
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Best Analysts Covering DRETF
1 Year
1 Year Success Rate
6/10 ratings generated profit
1 Year Average Return
-3.68%
reiterated a buy rating 4 months ago
Copying Michael Markidis's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of -3.68% per trade.
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