Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Dream Office Real Estate Investment (DRETF)
OTHER OTC:DRETF
RESEARCH TOOLSreports
Holding DRETF?
Track your performance easily
DRETF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.01 - $17.23
Previous Close$13.77
Volume2.00
Average Volume (3M)1.94K
Market Cap
$263.58M
Enterprise Value$1.23B
Total Cash (Recent Filing)C$33.86M
Total Debt (Recent Filing)C$1.38B
Price to Earnings (P/E)―
Beta1.58
Next Earnings
Feb 13, 2025EPS EstimateN/A
Last Dividend Ex-Date
Oct 31, 2024Dividend Yield7.01%
Share Statistics
EPS (TTM)-4.88
Shares Outstanding18,949,474
10 Day Avg. Volume1,383
30 Day Avg. Volume1,942
Standard Deviation0.13
R-Squared0.26
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.22
Price to Sales (P/S)1.93
Price to Cash Flow (P/CF)N/A
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$14.60Price Target Upside6.03% Upside
Rating ConsensusHold
Number of Analyst Covering5
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.
Leasing ActivityLeasing activity appears to be improving with significant new leases signed and an increase in in-place occupancy.
Portfolio PerformanceDowntown Toronto portfolio drives solid organic growth with increased same-property rental rates and improved occupancy.
Bears Say
Interest ExpenseGreater interest expense from mortgage refinancing and exposure to variable-rate debt partially offset positive factors.
Portfolio PerformanceThe ‘other markets’ portfolio experienced a decrease in same-property NOI due to increased vacancy, particularly in the GTA.
ValuationThe REIT’s units currently trade at an implied cap rate of 8.0% or a 10.1% discount to our NAV estimate, compared to the average discount of 5.0% for peers.
---
Options Prices
Currently, No data available
---
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 83 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 -$2.813 earnings per share for the quarter, missing the consensus estimate of N/A by -$2.813.
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 $0.06 which represents an annual dividend yield of 7.01%. 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 -$2.813 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -3.478%.
Which hedge fund is a major shareholder of Dream Office Real Estate Investment?
Currently, no hedge funds are holding shares in DRETF
---
Dream Office Real Estate Investment Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$14.60 (6.03% Upside)
$14.60 (6.03% Upside)
Blogger Sentiment
Neutral
DRETF Sentiment 67%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $30.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.79%
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.
---
DRETF Company Deck
---
DRETF Earnings Call
Q2 2024
0:00 / 0:00
---
DRETF Stock 12 Month Forecast
Average Price Target
$14.60
▲(6.03% Upside)
Technical Analysis
Armada Hoffler Properties
―
Brandywine Realty
―
Highwoods Properties
―
Piedmont Office
―
Best Analysts Covering DRETF
1 Year
1 Year Success Rate
6/10 ratings generated profit
1 Year Average Return
-2.84%
reiterated a buy rating 3 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 -2.84% per trade.
---