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DREAM Unlimited Cl A (TSE:DRM)
TSX:DRM
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$3.13Last Year’s EPS
-C$1.66Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -20.33%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
Despite a quiet third quarter with a pretax loss and decreased activity, the company is showing strong presales in Western Canada, significant growth in income properties, and an increase in assets under management, leading to a positive outlook for the year-end.Company Guidance
During Dream Unlimited Corp.'s earnings call for Q3 2024, guidance provided by executives indicated several key metrics and expectations for upcoming quarters. The company experienced a pretax loss of $1.9 million compared to earnings of $11.4 million in the prior year, attributed to timing issues with lot sales in Western Canada and increased interest costs. Revenue from recurring income properties reached $18 million with a net operating income (NOI) of $2.8 million, showing year-over-year growth. The Asset Management division reported $15.1 million in revenue, with a margin of $3.9 million, while the Development segment generated $47.3 million in revenue, down from the previous year due to timing. The company is confident about the future, with plans to add 930 apartment units by 2027 and projections of $200 million yearly growth in income properties. Liquidity remains strong at $257 million, and Dream Unlimited anticipates a strong finish to 2024, buoyed by presold volumes and strategic developments in Western Canada.Strong Presales in Western Canada
The company has commitments for an additional 520 lots and 109 acres through 2025, representing $191 million in revenue, with $112 million to be recognized in Q4. This reflects some of the strongest performance in Western Canada in the company's history.
Significant Liquidity Position
The company ended the quarter with $257 million in total liquidity and expects to have the most liquidity at year-end since selling Dream Global.
Growth in Income Properties
Income properties are expected to grow by $200 million annually over the next four years. Recent completions include five buildings in the last year, with high occupancy rates.
Asset Management Growth
Assets under management have increased to $27 billion, with a significant portion being fee-paid. The company is working on a $1 billion transaction in the Netherlands expected to close soon.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | C$19.83 | C$19.77 | -0.30% |
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 Feb 25, 2025, TBA Not Confirmed.
What is DREAM Unlimited Cl A (TSE:DRM) earnings time?
DREAM Unlimited Cl A (TSE:DRM) earnings time is at Feb 25, 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 2024 (Q4) is C$3.13.
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