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Dream Unlimited Cl A (TSE:DRM)
:DRM
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 1.37%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong operational performance with record profits in key divisions and successful strategic initiatives. However, significant caution was expressed due to external uncertainties, impacting areas like asset management earnings and market conditions in Regina. Overall, the positive highlights are balanced by the cautious outlook and external challenges.Company Guidance
During the Dream Unlimited Corp.'s fourth-quarter conference call for the fiscal year 2024, several key metrics and guidance were highlighted. The company achieved its second-highest profits in total dollars, with ordinary income at $2.86 per share, marking the highest on record when excluding extraordinary events. The Western Canada land division ended 2024 with record profits and presold $105 million in revenue for 2025, aiming for an additional $60 million in presales. The asset management segment closed a $1 billion joint venture in the Netherlands and announced a $2 billion Canadian multifamily apartment joint venture, growing assets under management to $27 billion. The income properties division, valued at $850 million, continued to expand, with plans to start 500 rental units and 70,000 square feet of retail in 2025. The fourth-quarter pretax earnings reached $168 million, including a $157 million gain from the sale of the A-Basin. The company emphasized its strong liquidity position, with $367 million available as of December 31, 2024.Record Profits in Western Canada Land Division
The Western Canada land division achieved record profits since going public in 2013, generating substantial free cash flow and preselling $105 million in revenue for 2025, with expectations to secure an additional $60 million.
Growth in Asset Management
The asset management business closed a $1 billion joint venture in the Netherlands and announced plans for a $2 billion joint venture in Canada, with assets under management increasing by $3 billion in 2024 to reach $27 billion.
Expansion of Income Property Division
The income property division generated revenue growth, with $850 million of income properties owned. The company plans to start 500 rental units in Western Canada in 2025, projecting a development profit of $30 million with land at fair market value.
Strong Performance in Income Properties
The company's income properties, including those in the Distillery District and multifamily assets, performed well with high occupancy rates and the development of new rental units underway.
Increase in Dividend
Dream Unlimited increased its dividend, reflecting confidence in its cash flow and operational performance, with a preference to maintain a robust liquidity position.
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TSE:DRM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:DRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | C$21.22 | C$21.71 | +2.31% |
| Nov 12, 2024 | C$27.40 | C$25.79 | -5.88% |
| Aug 13, 2024 | C$22.26 | C$24.53 | +10.20% |
| May 14, 2024 | C$17.89 | C$18.00 | +0.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dream Unlimited Cl A (TSE:DRM) report earnings?
Dream Unlimited Cl A (TSE:DRM) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Dream Unlimited Cl A (TSE:DRM) earnings time?
Dream Unlimited Cl A (TSE:DRM) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:DRM EPS forecast?
TSE:DRM EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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