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Dream Office Real Estate Investment (DRETF)
OTHER OTC:DRETF
RESEARCH TOOLSreports
Dream Office Real Estate Investment (DRETF) Stock Price & Analysis
30 Followers
DRETF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.96 - $21.07
Previous Close$13.45
Volume206.00
Average Volume (3M)3.52K
Market Cap
$251.66M
Enterprise Value$1.23B
Total Cash (Recent Filing)C$13.27M
Total Debt (Recent Filing)C$1.34B
Price to Earnings (P/E)-6.3
Beta1.36
Next Earnings
Aug 01, 2024EPS EstimateN/A
Last Dividend Ex-Date
Apr 29, 2024Dividend Yield10.09%
Share Statistics
EPS (TTM)-2.13
Shares Outstanding18,929,933
10 Day Avg. Volume1,624
30 Day Avg. Volume3,519
Standard Deviation0.13
R-Squared0.25
Alpha-0.00915
Financial Highlights & Ratios
Price to Book (P/B)0.29
Price to Sales (P/S)1.15
Price to Cash Flow (P/CF)4.30
P/FCF Ratio4.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$13.49Price Target Upside1.43% Upside
Rating ConsensusHold
Number of Analyst Covering7
Dream Office Real Estate Investment News
PremiumCompany Announcements
Dream Office REIT Shows Resilient Q1 PerformancePremiumCompany Announcements
Dream Office REIT Declares April 2024 Distribution
PremiumCompany Announcements
Dream Office REIT Clarifies Market Speculations
Bulls Say, Bears Say
Bulls Say
Financial PerformanceWith Funds From Operations (FFO) per unit increasing year-over-year and same-property Net Operating Income (NOI) growth, the company's financials are showing positive momentum.
Investment ValueThe distribution yield stands at 6.1%, coupled with the target price set at a discount to the Net Asset Value (NAV), indicating a compelling value proposition for investors.
Leasing ActivityImprovement in committed occupancy and the re-leasing of space at leasing spreads of 87% highlight the company's strong leasing activity and potential for revenue growth.
Bears Say
Dividend PolicyDream Office announced the consolidation of all units at a ratio of 2:1, which effectively reduced the distribution by 50%.
Financial PerformanceDistribution reduced to preserve liquidity in difficult lending market towards office properties, impacted by higher interest rates.
ValuationOn a cash flow multiple basis, Dream Office’s units currently trade at 13.2x our 2025E AFFO estimate, above the weighted average of 8.3x for its office REIT peers.
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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 $9.96 and its highest was $21.07 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 Aug 01, 2024 which is in 76 days.
How were Dream Office Real Estate Investment’s earnings last quarter?
Dream Office Real Estate Investment released its earnings results on May 09, 2024. The company reported $0.452 earnings per share for the quarter, beating the consensus estimate of N/A by $0.452.
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 10.09%. 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 $0.452 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.148%.
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
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8
9
10
Analyst Consensus
Hold
Average Price Target:
$13.49 (1.43% Upside)
$13.49 (1.43% Upside)
Blogger Sentiment
Neutral
DRETF Sentiment 67%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $8.9M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-2.06%
12-Months-Change
Fundamentals
Return on Equity
-4.91%
Trailing 12-Months
Asset Growth
-9.11%
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 Month Forecast
Average Price Target
$13.49
▲(1.43% Upside)
Technical Analysis
Best Analysts Covering DRETF
1 Year
1 Year Success Rate
6/7 ratings generated profit
1 Year Average Return
+19.34%
reiterated a buy rating 23 days ago
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