Dream Office Real Estate Investment Trust Class A

Dream Office Real Estate Investment Trust Class A

10.76
EUR
+0.07
(+0.67%)
-2.86EPS
181.40MMarket Cap
Nov 05Next 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
13.28
13.07
12.81
12.68
12.86
8.17
7.2
6.86
8.16
7.42
8.56
10.16
9.45
10.44
Basic EPS, GAAP
8.6
2.95
-1.02
-16.79
3.66
5.32
3.69
5.88
6.42
2.41
-3.47
-5.44
-8.25
-4.69
Free Cash Flow per Basic Share
3.16
3.16
2.71
1.85
1.39
0.96
3.11
1.98
3.99
1.56
2.05
2.16
1.91
1.52
Dividend per Share
3.49
3.26
2.82
3.05
3.33
2.17
1.82
1.81
2.09
1.78
1.76
0.99
0.84
0.93
Book Value per Share
71.98
70
64.56
45.26
47.1
50.42
52.57
59.21
64.47
66.46
73.58
66.14
54.98
54.22
Tangible Book Value per Share
70.76
68.86
64.41
45.13
47.05
50.37
52.54
59.21
64.47
66.46
73.58
66.14
54.98
54.22
Basic Weighted Avg Shares
52
54
54
52
37
30
32
30
24
26
22
19
19
18
Sales/Revenue/Turnover
687
705
691
664
474
242
229
207
196
196
190
196
183
184
Operating Margin (%)
52.19
52.18
52.6
51.85
51.55
47.13
49.19
48.13
48.31
47.75
47.14
47.69
48.46
48.25
Depreciation Expense
5
11
15
21
22
17
15
14
12
12
12
13
13
12
Net Income, GAAP
445
159
-55
-880
135
158
117
177
154
64
-77
-105
-160
-83
Effective Tax Rate (%)
0.08
0.4
- -
- -
- -
0.23
0.38
- -
- -
1.04
- -
- -
- -
- -
Profit Margin (%)
64.76
22.59
-7.97
-132.43
28.43
65.08
51.23
85.81
78.7
32.42
-40.53
-53.51
-87.31
-44.95
Working Capital
-288
-424
-681
-219
-108
-131
-147
-156
-121
-162
-170
-367
-177
-151
LT Debt
2,884
2,731
2,401
2,322
1,161
1,315
972
1,079
1,211
1,111
1,258
960
1,128
1,128
Total Equity
3,723
3,778
3,482
2,372
1,736
1,497
1,478
1,499
1,548
1,532
1,200
1,081
900
891
Return on Invested Capital (%)
5.53
5.31
- -
- -
- -
3.73
4.04
- -
- -
3.22
- -
- -
- -
- -
Return on Capital (%)
9.06
4.36
- -
- -
- -
7.12
6.25
- -
- -
4.13
- -
- -
- -
- -
Return on Common Equity (%)
12.68
4.25
-1.52
-30.06
6.56
9.76
7.89
11.91
10.12
4.13
-5.65
-9.2
-16.17
-8.77

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
111
12
81
LT Borrowings
1,125
1,207
1,124
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
16
16
Market Capitalization
300
257
294

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
38
64
25
Cash, Cash Equivalents & STI
15
11
11
Accounts Receivable, Net
7
13
14
Inventories
- -
- -
- -
Total Current Liabilities
215
115
176
Payables & Accruals
55
43
47
ST Debt
111
12
81
Deferred Revenue
1
2
2

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-11.84%
-9.22%
-16.71%
Free Cash Flow
7.71%
-1.05%
-10.94%
Net Income, GAAP
122.1%
-40.91%
52.58%
Sales/Revenue/Turnover
-10.82%
-2.29%
-6.49%
Total Cash Common Dividend
-17.81%
-19.34%
-14.13%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
48
49
49
50
196
2025
48
45
46
45
183
2026
46
47
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
-1.14
-3.93
-1.47
-5.44
2025
-1.72
-2.16
-3.13
-2.03
-8.25
2026
0.52
-0.39
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.21
0.21
0.32
0.99
2025
0.21
0.21
0.21
0.34
0.84
2026
0.21
0.21
- -
- -
- -

Company Description

CEO
Michael J. Cooper
Full Time Employees
225
Sector
Finance
Industry
Real estate investment trusts
Address
30 Adelaide Street East Toronto ON Canada M5C 3H1
IPO Date
Dec 4, 1995
Website
dream.ca
Business
Dream Office Real Estate Investment Trust operates as an unincorporated, open-ended real estate investment trust. The Trust acquires, manages, and leases a portfolio of high-quality office properties, with a significant concentration in downtown Toronto's central business district. Managing over 4.0 million square feet in this prime market, the company generates revenue primarily through long-term rental agreements, serving diverse tenants, including those in finance, insurance, and government sectors. Dream Office has strategically refined its holdings over recent years to focus on these well-located assets, aiming for strong operational performance and ongoing portfolio enhancement through initiatives like property retrofits and a model suite program. Recent reports highlight consistent monthly distributions to unitholders and strong leasing activity, despite broader market challenges.

Company News

  • Dream Office REIT Announces October 2026 Monthly Distribution

  • Dream Office REIT Q3 2026 Financial Results Release Date, Webcast and Conference Call

  • Dream Office REIT Announces September 2026 Monthly Distribution

  • Dream Office REIT Reports Q2 2026 Results

  • Dream Office REIT Announces July 2026 Monthly Distribution

  • Dream Office REIT Announces June 2026 Monthly Distribution

  • Dream Office REIT Announces Voting Results of Annual Meeting of Unitholders

  • Dream Office REIT Announces May 2026 Monthly Distribution

  • Dream Office Real Estate Investment Trust (D.UN:CA) Q1 2026 Earnings Call Transcript

  • Dream Office REIT Reports Q1 2026 Results

  • Dream Office REIT Q1 2026 Financial Results Release Date, Webcast and Conference Call

  • Dream Office REIT Announces March 2026 Monthly Distribution

  • Dream Office REIT Announces Sale of 212 King Street West

  • Dream Office Real Estate Investment Trust (D.UN:CA) Q4 2025 Earnings Call Transcript

  • Dream Office REIT Reports Q4 2025 Results

  • Dream Office REIT Announces February 2026 Monthly Distribution

  • Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Stock Price Up 2.3% – Time to Buy?

  • Dream Office REIT Q4 2025 Financial Results Release Date, Webcast and Conference Call

  • Dream Office REIT Announces January 2026 Monthly Distribution

  • Dream Office REIT Announces December 2025 Monthly Cash Distribution, Special Non-Cash Distribution and Board Changes