DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:DIR-UN - CA26153W1095 - REIT
12.56 CAD
-0.02 (-0.16%)
DIR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified REITs industry. While DIR-UN has a great profitability rating, there are quite some concerns on its financial health. DIR-UN has a decent growth rate and is not valued too expensively. Finally 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.
Each year in the past 5 years DIR-UN has been profitable.
Each year in the past 5 years DIR-UN had a positive operating cash flow.
1.2 Ratios
DIR-UN has a Return On Assets of 2.95%. This is in the better half of the industry: DIR-UN outperforms 75.68% of its industry peers.
The Return On Equity of DIR-UN (5.18%) is better than 64.86% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.07%, DIR-UN is doing worse than 72.97% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DIR-UN is below the industry average of 5.53%.
The last Return On Invested Capital (3.07%) for DIR-UN is above the 3 year average (2.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.95% | ||
| ROE | 5.18% | ||
| ROIC | 3.07% |
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
DIR-UN has a better Profit Margin (50.71%) than 97.30% of its industry peers.
DIR-UN's Profit Margin has declined in the last couple of years.
DIR-UN's Operating Margin of 65.13% is amongst the best of the industry. DIR-UN outperforms 91.89% of its industry peers.
DIR-UN's Operating Margin has improved in the last couple of years.
The Gross Margin of DIR-UN (76.46%) is better than 89.19% of its industry peers.
DIR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.13% | ||
| PM (TTM) | 50.71% | ||
| GM | 76.46% |
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.
DIR-UN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DIR-UN has a worse debt to assets ratio.
2.2 Solvency
DIR-UN has an Altman-Z score of 0.87. This is a bad value and indicates that DIR-UN is not financially healthy and even has some risk of bankruptcy.
DIR-UN's Altman-Z score of 0.87 is amongst the best of the industry. DIR-UN outperforms 83.78% of its industry peers.
DIR-UN has a debt to FCF ratio of 9.99. This is a negative value and a sign of low solvency as DIR-UN would need 9.99 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 9.99, DIR-UN belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
A Debt/Equity ratio of 0.52 indicates that DIR-UN is somewhat dependend on debt financing.
DIR-UN has a Debt to Equity ratio of 0.52. This is amongst the best in the industry. DIR-UN outperforms 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 0.87 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.17 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN has a Current ratio (0.17) which is in line with its industry peers.
A Quick Ratio of 0.17 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN has a Quick ratio (0.17) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 74.68% over the past year.
DIR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.45% yearly.
DIR-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.53%.
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)74.68%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%227.94%
Revenue 1Y (TTM)7.53%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.39%
3.2 Future
The Earnings Per Share is expected to grow by 13.64% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.12% on average over the next years. This is quite good.
EPS Next Y-3.9%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue Next Year8.36%
Revenue Next 2Y8.62%
Revenue Next 3Y8.12%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.78 indicates a correct valuation of DIR-UN.
DIR-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. DIR-UN is cheaper than 72.97% of the companies in the same industry.
When comparing the Price/Earnings ratio of DIR-UN to the average of the S&P500 Index (26.92), we can say DIR-UN is valued slightly cheaper.
A Price/Forward Earnings ratio of 11.51 indicates a reasonable valuation of DIR-UN.
78.38% of the companies in the same industry are more expensive than DIR-UN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.46, DIR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 11.51 |
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 | 11.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of DIR-UN may justify a higher PE ratio.
A more expensive valuation may be justified as DIR-UN's earnings are expected to grow with 13.64% in the coming years.
PEG (NY)N/A
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.
Compared to an average industry Dividend Yield of 7.06, DIR-UN is paying slightly less dividend.
DIR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| 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
DIR-UN pays out 57.44% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of DIR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP57.44%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (12/24/2025, 7:00:00 PM)
12.56
-0.02 (-0.16%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners28.78%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap3.59B
Revenue(TTM)492.10M
Net Income(TTM)249.55M
Analysts81.43
Price Target14.82 (17.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
Yearly Dividend0.49
Dividend Growth(5Y)3.03%
DP57.44%
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)2.29%
PT rev (3m)5.44%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-12.94%
EPS NY rev (3m)-12.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 11.51 | ||
| P/S | 7.3 | ||
| P/FCF | 11.42 | ||
| P/OCF | 11.42 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.85
EY6.77%
EPS(NY)1.09
Fwd EY8.68%
FCF(TTM)1.1
FCFY8.76%
OCF(TTM)1.1
OCFY8.76%
SpS1.72
BVpS16.83
TBVpS16.83
PEG (NY)N/A
PEG (5Y)N/A
Graham Number17.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.95% | ||
| ROE | 5.18% | ||
| ROCE | 4.26% | ||
| ROIC | 3.07% | ||
| ROICexc | 3.1% | ||
| ROICexgc | 3.1% | ||
| OM | 65.13% | ||
| PM (TTM) | 50.71% | ||
| GM | 76.46% | ||
| FCFM | 63.93% |
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 | 0.52 | ||
| Debt/FCF | 9.99 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 4.41 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 126.07% | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 0.87 |
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)74.68%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%227.94%
EPS Next Y-3.9%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)7.53%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.39%
Revenue Next Year8.36%
Revenue Next 2Y8.62%
Revenue Next 3Y8.12%
Revenue Next 5YN/A
EBIT growth 1Y6.41%
EBIT growth 3Y19.77%
EBIT growth 5Y22.54%
EBIT Next Year19.21%
EBIT Next 3Y12.48%
EBIT Next 5YN/A
FCF growth 1Y14.8%
FCF growth 3Y19.32%
FCF growth 5Y19.83%
OCF growth 1Y14.8%
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 14.78 and the Price/Book (PB) ratio is 0.75.
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 decline by -3.9% in the next year.