DREAM OFFICE REAL ESTATE INV (D-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:D-UN - CA26153P2035 - REIT
19 CAD
-0.14 (-0.73%)
Overall D-UN gets a fundamental rating of 3 out of 10. We evaluated D-UN against 37 industry peers in the Diversified REITs industry. D-UN has a bad profitability rating. Also its financial health evaluation is rather negative. D-UN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
D-UN had negative earnings in the past year.
D-UN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: D-UN reported negative net income in multiple years.
In the past 5 years D-UN always reported a positive cash flow from operatings.
1.2 Ratios
D-UN's Return On Assets of -6.75% is on the low side compared to the rest of the industry. D-UN is outperformed by 78.38% of its industry peers.
With a Return On Equity value of -16.66%, D-UN is not doing good in the industry: 78.38% of the companies in the same industry are doing better.
D-UN's Return On Invested Capital of 2.82% is on the low side compared to the rest of the industry. D-UN is outperformed by 78.38% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for D-UN is below the industry average of 5.57%.
The last Return On Invested Capital (2.82%) for D-UN is above the 3 year average (2.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.75% | ||
| ROE | -16.66% | ||
| ROIC | 2.82% |
ROA(3y)-1.63%
ROA(5y)1.26%
ROE(3y)-4%
ROE(5y)1.96%
ROIC(3y)2.5%
ROIC(5y)2.51%
1.3 Margins
D-UN has a worse Operating Margin (44.98%) than 67.57% of its industry peers.
In the last couple of years the Operating Margin of D-UN has declined.
Looking at the Gross Margin, with a value of 53.94%, D-UN is doing worse than 62.16% of the companies in the same industry.
In the last couple of years the Gross Margin of D-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.98% | ||
| PM (TTM) | N/A | ||
| GM | 53.94% |
OM growth 3Y-11.8%
OM growth 5Y-7.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.34%
GM growth 5Y-0.58%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), D-UN is destroying value.
D-UN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, D-UN has less shares outstanding
D-UN has a worse debt/assets ratio than last year.
2.2 Solvency
D-UN has an Altman-Z score of -0.27. This is a bad value and indicates that D-UN is not financially healthy and even has some risk of bankruptcy.
D-UN has a worse Altman-Z score (-0.27) than 83.78% of its industry peers.
The Debt to FCF ratio of D-UN is 16.72, which is on the high side as it means it would take D-UN, 16.72 years of fcf income to pay off all of its debts.
D-UN has a Debt to FCF ratio (16.72) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.30 is on the high side and indicates that D-UN has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.30, D-UN is in line with its industry, outperforming 43.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 16.72 | ||
| Altman-Z | -0.27 |
ROIC/WACC0.51
WACC5.59%
2.3 Liquidity
A Current Ratio of 0.23 indicates that D-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.23, D-UN perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
A Quick Ratio of 0.23 indicates that D-UN may have some problems paying its short term obligations.
D-UN's Quick ratio of 0.23 is in line compared to the rest of the industry. D-UN outperforms 59.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
The earnings per share for D-UN have decreased strongly by -19.91% in the last year.
The Revenue has decreased by -2.64% in the past year.
D-UN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.05% yearly.
EPS 1Y (TTM)-19.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20.24%
Revenue 1Y (TTM)-2.64%
Revenue growth 3Y0.03%
Revenue growth 5Y-3.05%
Sales Q2Q%-5.84%
3.2 Future
The Earnings Per Share is expected to grow by 33.02% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -0.10% on average over the next years.
EPS Next Y-51.14%
EPS Next 2Y51.33%
EPS Next 3Y33.02%
EPS Next 5YN/A
Revenue Next Year-5.03%
Revenue Next 2Y-1.28%
Revenue Next 3Y-0.1%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
D-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 14.67, the valuation of D-UN can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of D-UN is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of D-UN to the average of the S&P500 Index (23.98), we can say D-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.67 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of D-UN indicates a somewhat cheap valuation: D-UN is cheaper than 72.97% of the companies listed in the same industry.
91.89% of the companies in the same industry are more expensive than D-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.21 | ||
| EV/EBITDA | 18.02 |
4.3 Compensation for Growth
D-UN's earnings are expected to grow with 33.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y51.33%
EPS Next 3Y33.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.98%, D-UN is a good candidate for dividend investing.
D-UN's Dividend Yield is comparable with the industry average which is at 7.04.
D-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
5.2 History
The dividend of D-UN has a limited annual growth rate of 3.10%.
D-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)3.1%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
D-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of D-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-10.56%
EPS Next 2Y51.33%
EPS Next 3Y33.02%
TSX:D-UN (1/12/2026, 7:00:00 PM)
19
-0.14 (-0.73%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners1.56%
Inst Owner ChangeN/A
Ins Owners23.03%
Ins Owner ChangeN/A
Market Cap311.03M
Revenue(TTM)188.52M
Net Income(TTM)-154.84M
Analysts69.33
Price Target19.38 (2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
Yearly Dividend1.17
Dividend Growth(5Y)3.1%
DP-10.56%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.44%
PT rev (3m)1.94%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-106.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.67 | ||
| P/S | 1.65 | ||
| P/FCF | 4.21 | ||
| P/OCF | 4.21 | ||
| P/B | 0.33 | ||
| P/tB | 0.33 | ||
| EV/EBITDA | 18.02 |
EPS(TTM)-7.99
EYN/A
EPS(NY)1.3
Fwd EY6.82%
FCF(TTM)4.51
FCFY23.74%
OCF(TTM)4.51
OCFY23.74%
SpS11.52
BVpS56.76
TBVpS56.76
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.75% | ||
| ROE | -16.66% | ||
| ROCE | 3.92% | ||
| ROIC | 2.82% | ||
| ROICexc | 2.85% | ||
| ROICexgc | 2.85% | ||
| OM | 44.98% | ||
| PM (TTM) | N/A | ||
| GM | 53.94% | ||
| FCFM | 39.18% |
ROA(3y)-1.63%
ROA(5y)1.26%
ROE(3y)-4%
ROE(5y)1.96%
ROIC(3y)2.5%
ROIC(5y)2.51%
ROICexc(3y)2.51%
ROICexc(5y)2.53%
ROICexgc(3y)2.51%
ROICexgc(5y)2.53%
ROCE(3y)3.47%
ROCE(5y)3.49%
ROICexgc growth 3Y-1.86%
ROICexgc growth 5Y-7.02%
ROICexc growth 3Y-1.86%
ROICexc growth 5Y-7.01%
OM growth 3Y-11.8%
OM growth 5Y-7.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.34%
GM growth 5Y-0.58%
F-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 16.72 | ||
| Debt/EBITDA | 14.21 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.3 | ||
| Cash Conversion | 87.09% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 | ||
| Altman-Z | -0.27 |
F-Score4
WACC5.59%
ROIC/WACC0.51
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20.24%
EPS Next Y-51.14%
EPS Next 2Y51.33%
EPS Next 3Y33.02%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.64%
Revenue growth 3Y0.03%
Revenue growth 5Y-3.05%
Sales Q2Q%-5.84%
Revenue Next Year-5.03%
Revenue Next 2Y-1.28%
Revenue Next 3Y-0.1%
Revenue Next 5YN/A
EBIT growth 1Y22.43%
EBIT growth 3Y-11.78%
EBIT growth 5Y-10.47%
EBIT Next Year50.58%
EBIT Next 3Y13.43%
EBIT Next 5YN/A
FCF growth 1Y18.37%
FCF growth 3Y-8.92%
FCF growth 5Y-9.94%
OCF growth 1Y18.37%
OCF growth 3Y-8.92%
OCF growth 5Y-9.94%
DREAM OFFICE REAL ESTATE INV / D-UN.CA FAQ
Can you provide the ChartMill fundamental rating for DREAM OFFICE REAL ESTATE INV?
ChartMill assigns a fundamental rating of 3 / 10 to D-UN.CA.
What is the valuation status for D-UN stock?
ChartMill assigns a valuation rating of 4 / 10 to DREAM OFFICE REAL ESTATE INV (D-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for DREAM OFFICE REAL ESTATE INV?
DREAM OFFICE REAL ESTATE INV (D-UN.CA) has a profitability rating of 2 / 10.
How financially healthy is DREAM OFFICE REAL ESTATE INV?
The financial health rating of DREAM OFFICE REAL ESTATE INV (D-UN.CA) is 2 / 10.