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Dream Office Real Estate Investment (DRETF)
OTHER OTC:DRETF
RESEARCH TOOLSreports
Dream Office Real Estate Investment (DRETF) Stock Price & Analysis
29 Followers
DRETF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.00 - $21.16
Previous Close$12.63
Volume2.00
Average Volume (3M)4.59K
Market Cap
$239.61M
Enterprise Value$1.20B
Total Cash (Recent Filing)C$13.27M
Total Debt (Recent Filing)C$1.34B
Price to Earnings (P/E)-5.0
Beta1.35
Next Earnings
May 02, 2024EPS EstimateN/A
Last Dividend Ex-Date
Mar 27, 2024Dividend Yield10.32%
Share Statistics
EPS (TTM)-2.55
Shares Outstanding18,929,933
10 Day Avg. Volume1,483
30 Day Avg. Volume4,587
Standard Deviation0.13
R-Squared0.27
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.28
Price to Sales (P/S)1.13
Price to Cash Flow (P/CF)4.10
P/FCF Ratio4.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$13.32Price Target Upside1.10% Upside
Rating ConsensusHold
Number of Analyst Covering6
Dream Office Real Estate Investment News
PremiumCompany Announcements
Dream Office REIT Clarifies Market Speculations
Bulls Say, Bears Say
Bulls Say
Dividend IncomeDistribution Yield (%) is 6.1, indicating a potentially attractive income stream for investors.
Financial PerformanceFFO per unit rises 3% year-over-year, slightly ahead of analyst estimates.
Stock ValuationThe target price is set at a 20% discount to the updated NAV estimate, suggesting potential undervaluation.
Bears Say
Dividend/Distribution PolicyDistribution reduced to preserve liquidity in difficult lending market towards office properties, impacted by higher interest rates.
Financial PerformanceNo signs of improvement in fundamentals, with expectations to take longer than expected to improve NOI.
Market SentimentWeak lender sentiment for office properties creates refinancing risk and increased liquidity concerns.
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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 $10.00 and its highest was $21.16 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 May 02, 2024 which is in 13 days.
How were Dream Office Real Estate Investment’s earnings last quarter?
Dream Office Real Estate Investment released its earnings results on Feb 15, 2024. The company reported -$1.601 earnings per share for the quarter, missing the consensus estimate of N/A by -$1.601.
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 10.32%. 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 16,329,647 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 -$1.601 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -10.233%.
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
Neutral
1
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5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$13.32 (1.10% Upside)
$13.32 (1.10% Upside)
Blogger Sentiment
Neutral
DRETF Sentiment 75%
Sector Average 70%
Sector Average 70%
Insider Transactions
Bought Shares
Worth $7.1M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-0.88%
12-Months-Change
Fundamentals
Return on Equity
-5.59%
Trailing 12-Months
Asset Growth
-10.60%
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
Q4 2024
0:00 / 0:00
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DRETF Stock 12 Months Forecast
Average Price Target
$13.32
▲(1.10% Upside)
Technical Analysis
Best Analysts Covering DRETF
1 Year
1 Year Success Rate
0/3 ratings generated profit
1 Year Average Return
-13.00%
reiterated a buy rating 5 months ago
Copying Sairam Srinivas's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -13.00% per trade.
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