DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - TSX:DIR-UN - CA26153W1095 - REIT
11.96 CAD
-0.14 (-1.16%)
DIR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. DIR-UN has an excellent profitability rating, but there are concerns on its financial health. DIR-UN has a decent growth rate and is not valued too expensively. DIR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
DIR-UN had positive earnings in the past year.
In the past year DIR-UN had a positive cash flow from operations.
In the past 5 years DIR-UN has always been profitable.
DIR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.63%, DIR-UN belongs to the top of the industry, outperforming 81.58% of the companies in the same industry.
With a decent Return On Equity value of 4.55%, DIR-UN is doing good in the industry, outperforming 71.05% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.14%, DIR-UN is doing worse than 71.05% of the companies in the same industry.
DIR-UN had an Average Return On Invested Capital over the past 3 years of 2.81%. This is below the industry average of 5.45%.
The 3 year average ROIC (2.81%) for DIR-UN is below the current ROIC(3.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 4.55% | ||
| ROIC | 3.14% |
ROA(3y)4.74%
ROA(5y)5.99%
ROE(3y)7.87%
ROE(5y)10.3%
ROIC(3y)2.81%
ROIC(5y)2.7%
1.3 Margins
With an excellent Profit Margin value of 45.11%, DIR-UN belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
DIR-UN's Profit Margin has declined in the last couple of years.
The Operating Margin of DIR-UN (66.37%) is better than 94.74% of its industry peers.
DIR-UN's Operating Margin has improved in the last couple of years.
DIR-UN has a better Gross Margin (76.37%) than 89.47% of its industry peers.
DIR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 66.37% | ||
| PM (TTM) | 45.11% | ||
| GM | 76.37% |
OM growth 3Y2.22%
OM growth 5Y2.97%
PM growth 3Y-35.75%
PM growth 5Y-9.53%
GM growth 3Y0.46%
GM growth 5Y1.38%
2. Health
2.1 Basic Checks
The number of shares outstanding for DIR-UN has been increased compared to 1 year ago.
Compared to 5 years ago, DIR-UN has more shares outstanding
DIR-UN has a worse debt/assets ratio than last year.
2.2 Solvency
DIR-UN has an Altman-Z score of 0.86. This is a bad value and indicates that DIR-UN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.86, DIR-UN belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
The Debt to FCF ratio of DIR-UN is 9.34, which is on the high side as it means it would take DIR-UN, 9.34 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DIR-UN (9.34) is better than 89.47% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that DIR-UN is not too dependend on debt financing.
DIR-UN has a Debt to Equity ratio of 0.49. This is amongst the best in the industry. DIR-UN outperforms 92.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 9.34 | ||
| Altman-Z | 0.86 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.09 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN has a worse Current ratio (0.09) than 76.32% of its industry peers.
DIR-UN has a Quick Ratio of 0.09. This is a bad value and indicates that DIR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of DIR-UN (0.09) is worse than 76.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
DIR-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.32%, which is quite impressive.
The Earnings Per Share has been decreasing by -7.45% on average over the past years.
The Revenue has been growing slightly by 7.13% in the past year.
DIR-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.01% yearly.
EPS 1Y (TTM)20.32%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%-25.26%
Revenue 1Y (TTM)7.13%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.05%
3.2 Future
DIR-UN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.64% yearly.
Based on estimates for the next years, DIR-UN will show a quite strong growth in Revenue. The Revenue will grow by 8.96% on average per year.
EPS Next Y10.39%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue Next Year8.59%
Revenue Next 2Y8.83%
Revenue Next 3Y8.96%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
DIR-UN is valuated correctly with a Price/Earnings ratio of 15.95.
76.32% of the companies in the same industry are more expensive than DIR-UN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.13. DIR-UN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 10.96, which indicates a very decent valuation of DIR-UN.
78.95% of the companies in the same industry are more expensive than DIR-UN, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of DIR-UN to the average of the S&P500 Index (22.35), we can say DIR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.95 | ||
| Fwd PE | 10.96 |
4.2 Price Multiples
DIR-UN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.64 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of DIR-UN may justify a higher PE ratio.
DIR-UN's earnings are expected to grow with 13.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.53
PEG (5Y)N/A
EPS Next 2Y18.43%
EPS Next 3Y13.64%
5. Dividend
5.1 Amount
DIR-UN has a Yearly Dividend Yield of 5.00%, which is a nice return.
DIR-UN's Dividend Yield is slightly below the industry average, which is at 7.95.
Compared to an average S&P500 Dividend Yield of 2.39, DIR-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
5.2 History
The dividend of DIR-UN has a limited annual growth rate of 3.03%.
DIR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
DIR-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.03%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
65.95% of the earnings are spent on dividend by DIR-UN. This is not a sustainable payout ratio.
DIR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.95%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (11/4/2025, 7:00:00 PM)
11.96
-0.14 (-1.16%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners29.82%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap3.41B
Revenue(TTM)482.30M
Net Income(TTM)217.56M
Analysts81.43
Price Target14.2 (18.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
Yearly Dividend0.49
Dividend Growth(5Y)3.03%
DP65.95%
Div Incr Years1
Div Non Decr Years12
Ex-Date
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)1.09%
PT rev (3m)2.98%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-19.81%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.95 | ||
| Fwd PE | 10.96 | ||
| P/S | 7.08 | ||
| P/FCF | 10.64 | ||
| P/OCF | 10.64 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.75
EY6.27%
EPS(NY)1.09
Fwd EY9.12%
FCF(TTM)1.12
FCFY9.4%
OCF(TTM)1.12
OCFY9.4%
SpS1.69
BVpS16.77
TBVpS16.77
PEG (NY)1.53
PEG (5Y)N/A
Graham Number16.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 4.55% | ||
| ROCE | 4.36% | ||
| ROIC | 3.14% | ||
| ROICexc | 3.16% | ||
| ROICexgc | 3.16% | ||
| OM | 66.37% | ||
| PM (TTM) | 45.11% | ||
| GM | 76.37% | ||
| FCFM | 66.53% |
ROA(3y)4.74%
ROA(5y)5.99%
ROE(3y)7.87%
ROE(5y)10.3%
ROIC(3y)2.81%
ROIC(5y)2.7%
ROICexc(3y)2.84%
ROICexc(5y)2.78%
ROICexgc(3y)2.84%
ROICexgc(5y)2.78%
ROCE(3y)3.91%
ROCE(5y)3.75%
ROICexgc growth 3Y12.88%
ROICexgc growth 5Y-1.14%
ROICexc growth 3Y12.88%
ROICexc growth 5Y-1.14%
OM growth 3Y2.22%
OM growth 5Y2.97%
PM growth 3Y-35.75%
PM growth 5Y-9.53%
GM growth 3Y0.46%
GM growth 5Y1.38%
F-Score7
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 9.34 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 4.56 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 147.49% | ||
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 | ||
| Altman-Z | 0.86 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)144.93%
Profit Quality(5y)106.14%
High Growth Momentum
Growth
EPS 1Y (TTM)20.32%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%-25.26%
EPS Next Y10.39%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)7.13%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.05%
Revenue Next Year8.59%
Revenue Next 2Y8.83%
Revenue Next 3Y8.96%
Revenue Next 5YN/A
EBIT growth 1Y8.44%
EBIT growth 3Y19.77%
EBIT growth 5Y22.54%
EBIT Next Year18.64%
EBIT Next 3Y11.83%
EBIT Next 5YN/A
FCF growth 1Y25.06%
FCF growth 3Y19.32%
FCF growth 5Y19.83%
OCF growth 1Y25.06%
OCF growth 3Y19.32%
OCF growth 5Y19.81%
DREAM INDUSTRIAL REAL ESTATE / DIR-UN.CA FAQ
What is the ChartMill fundamental rating of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to DIR-UN.CA.
Can you provide the valuation status for DREAM INDUSTRIAL REAL ESTATE?
ChartMill assigns a valuation rating of 5 / 10 to DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA). This can be considered as Fairly Valued.
How profitable is DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?
DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for DIR-UN stock?
The Price/Earnings (PE) ratio for DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) is 15.95 and the Price/Book (PB) ratio is 0.71.
What is the earnings growth outlook for DREAM INDUSTRIAL REAL ESTATE?
The Earnings per Share (EPS) of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) is expected to grow by 10.39% in the next year.