DREAM Unlimited Corp. Class A

DREAM Unlimited Corp. Class A

11.10
EUR
0.00
(0.00%)
0.14EPS
84.81P/E
507.55MMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.59
9.93
8.46
8.58
7.25
6.27
10.92
7.36
7.46
8.07
9.07
14.84
10.98
12.35
Basic EPS, GAAP
2.46
1.38
3.09
1.71
1.62
3.52
6.25
3.37
2.52
3.86
-2.74
4.46
-0.44
0.23
Free Cash Flow per Basic Share
0.07
-1.37
-0.5
2.11
2.33
-1.79
4.82
-1.75
1.53
-1.86
-1.92
-0.95
0.52
0.86
Dividend per Share
0.26
0.02
- -
- -
- -
- -
0.2
0.24
0.31
0.9
0.5
1.6
0.65
0.75
Book Value per Share
8.37
10.82
13.21
15.29
16.83
20.56
26.79
30.92
33.2
36.48
33.24
35.7
34.71
34.16
Tangible Book Value per Share
8.37
9.74
12.12
14.22
15.8
20.3
26.54
30.62
32.88
36.16
32.92
35.38
34.42
33.87
Basic Weighted Avg Shares
38
39
39
40
49
54
53
47
44
43
43
42
42
38
Sales/Revenue/Turnover
514
388
333
340
357
340
580
348
326
344
387
625
463
469
Operating Margin (%)
25.32
23.67
19.36
24.16
23.76
19.79
51.8
16.01
13.85
13.26
14.14
21.66
26.67
27.7
Depreciation Expense
3
3
3
3
4
13
9
7
6
8
8
3
6
5
Net Income, GAAP
93
54
122
68
80
191
332
159
110
164
-117
188
-19
9
Effective Tax Rate (%)
9.59
29.14
14.04
29.69
28.33
10.04
24.68
19.22
12.09
16.65
- -
16.65
- -
67.64
Profit Margin (%)
18.07
13.91
36.57
19.88
22.31
56.18
57.24
45.8
33.76
47.84
-30.26
30.08
-4.03
1.87
Working Capital
562
636
783
717
858
986
1,159
961
850
876
947
992
1,044
871
LT Debt
239
295
457
482
588
895
713
769
1,316
1,624
1,821
1,872
1,921
2,080
Total Equity
456
592
718
832
957
1,120
1,433
1,407
1,422
1,554
1,404
1,502
1,457
1,433
Return on Invested Capital (%)
16.59
7.7
15.52
4.41
4.08
9.13
10.85
4.76
0.63
5.74
- -
8.2
- -
1.48
Return on Capital (%)
11.73
5.03
7.96
4.08
6.27
12.39
17.3
8.19
5.34
6.95
- -
7.61
- -
0.92
Return on Common Equity (%)
25.85
14.48
25.74
11.9
10.36
18.88
26.43
11.36
7.82
11.05
-7.92
12.93
-1.26
0.61

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3
2
1
LT Borrowings
1,919
1,999
2,079
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
770
764
823

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,449
1,224
1,265
Cash, Cash Equivalents & STI
58
73
67
Accounts Receivable, Net
320
236
242
Inventories
865
867
882
Total Current Liabilities
405
371
393
Payables & Accruals
189
238
240
ST Debt
3
2
1
Deferred Revenue
51
54
65

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.88%
0.94%
-2.96%
Free Cash Flow
-177.36%
-120.22%
-154.43%
Net Income, GAAP
-38.81%
-104.6%
-109.92%
Sales/Revenue/Turnover
8.02%
9.46%
-25.87%
Total Cash Common Dividend
- -
63.44%
-59.25%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
158
178
96
192
625
2025
68
68
115
212
463
2026
67
76
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
1.52
-0.36
4.59
4.46
2025
-0.19
-0.59
-0.35
1.13
-0.44
2026
-0.11
-0.02
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.15
0.15
1.72
1.6
2025
0.16
0.16
0.16
0.26
0.65
2026
0.18
0.17
- -
- -
- -

Company Description

CEO
Michael J. Cooper
Full Time Employees
273
Sector
Finance
Industry
Real estate development
Address
State Street Financial Centre Toronto ON Canada M5C 3H1
IPO Date
May 27, 2013
Website
dream.ca
Business
Dream Unlimited Corp. is a real estate company engaged in the development, ownership, and management of real estate assets, with a significant asset management business. It offers a diversified portfolio including residential developments; multi-family rental communities; land development projects; commercial offices; and industrial properties. The company manages assets primarily concentrated in industrial and residential sectors across Canada, the United States, and Europe. Founded in 1994 and headquartered in Toronto, Canada, Dream operates through various subsidiaries, notably Dream Asset Management Corporation, and manages multiple publicly listed trusts on the Toronto Stock Exchange. The company’s core products and services include residential community development such as multi-family rental units; land sales and development, including large land parcels like its 1,200-acre Coopertown community in Northwest Regina; and asset management services with approximately $28 billion assets under management as of 2025. Dream also invests in and operates stabilized income-producing real estate assets in North America and Europe, offering full-cycle real estate solutions from acquisition to development and management. Recent major changes include the 2025 commencement of construction at Coopertown, a strategic large-scale community development in Western Canada expected to generate steady income. Dream successfully pre-sold 150 lots for the first phase, reflecting strong market demand. The company also completed an asset management deal with Dream Residential REIT (DRR), which is being acquired at a premium, generating over $35 million in gross proceeds anticipated by year-end 2025. Moreover, Dream formed a strategic joint venture with TPG Angelo Gordon and Stadium Capital Partners to acquire a significant Dutch residential portfolio valued at approximately €695 million, expanding its European residential footprint. Additionally, Dream partnered with APOLLO Insurance to provide streamlined digital tenant insurance solutions across Canada. These initiatives align with Dream’s strategic focus on expanding its residential and asset management businesses while diversifying geographically. Dream’s ongoing business operations remain robust with a focus on residential and industrial development and asset management. Its portfolio includes purpose-built rental communities like Canary Landing in Toronto, and it continues to pursue development projects and land sales to support its growth strategy. The company manages a capital structure that balances liquidity and debt maturities, aiming to maintain financial flexibility to capitalize on emerging investment opportunities. Dream Unlimited Corp. is a leading name in the Canadian real estate sector with significant international operations, delivering diversified real estate products and sophisticated asset management services since 1994, headquartered in Toronto, with recent strategic expansions through major land developments, international acquisitions, and innovative service partnerships all occurring within the last two years.

Company News

  • Dream Unlimited Corp. Q3 2026 Financial Results Release Date, Webcast and Conference Call

  • Dream Unlimited Corp. Renews Normal Course Issuer Bid and Announces Automatic Securities Purchase Plan

  • Dream Unlimited (DRUNF) vs. The Competition Head to Head Survey

  • Dream Unlimited Corp. Announces Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend

  • Dream Unlimited Corp. Reports Second Quarter Results

  • Dream Unlimited Corp. Announces Voting Results of Annual Meeting of Shareholders

  • Dream Unlimited Corp. (DRM:CA) Shareholder/Analyst Call Transcript

  • Dream Unlimited Corp. Presents at Annual General Meeting

  • Dream Unlimited Corp. Presents at Annual General Meeting

  • Dream Unlimited Corp. Announces Quarterly Class a Subordinate Voting Share and Class B Common Share Dividend

  • Dream Unlimited Corp. Announces Quarterly Class a Subordinate Voting Share and Class B Common Share Dividend

  • Dream Unlimited Q1 Earnings Call Highlights

  • Dream Unlimited Corp. (DRM:CA) Q1 2026 Earnings Call Transcript

  • Dream Unlimited Corp. Reports First Quarter Results

  • Dream Unlimited Corp. Q1 2026 Financial Results Release Date, Webcast and Conference Call

  • Dream Unlimited Corp. Announces Increase to Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend

  • Dream Unlimited Corp. (DRM:CA) Q4 2025 Earnings Call Transcript

  • Dream Unlimited Corp. Reports Strong Fourth Quarter Results

  • Dream Unlimited (DRUNF) to Release Earnings on Tuesday

  • Dream Unlimited Corp. Q4 2025 Financial Results Release Date, Webcast and Conference Call