DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - TSX:DIR-UN - CA26153W1095 - REIT
12.23 CAD
+0.05 (+0.41%)
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. DIR-UN scores excellent on profitability, but there are concerns on its financial health. DIR-UN is not valued too expensively and it also shows a decent growth rate. DIR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
DIR-UN had positive earnings in the past year.
DIR-UN had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 2.95%, DIR-UN belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
DIR-UN's Return On Equity of 5.18% is fine compared to the rest of the industry. DIR-UN outperforms 64.86% of its industry peers.
DIR-UN has a Return On Invested Capital of 3.07%. This is in the lower half of the industry: DIR-UN underperforms 72.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DIR-UN is below the industry average of 4.98%.
The 3 year average ROIC (2.81%) for DIR-UN is below the current ROIC(3.07%), indicating increased profibility in the last year.
| 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
The Profit Margin of DIR-UN (50.71%) is better than 94.59% of its industry peers.
In the last couple of years the Profit Margin of DIR-UN has declined.
With an excellent Operating Margin value of 65.13%, DIR-UN belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
DIR-UN's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 76.46%, DIR-UN belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
In the last couple of years the Gross Margin of DIR-UN has remained more or less at the same level.
| 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
DIR-UN has more shares outstanding than it did 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
Based on the Altman-Z score of 0.85, we must say that DIR-UN is in the distress zone and has some risk of bankruptcy.
DIR-UN has a better Altman-Z score (0.85) than 78.38% of its industry peers.
The Debt to FCF ratio of DIR-UN is 9.99, which is on the high side as it means it would take DIR-UN, 9.99 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DIR-UN (9.99) is better than 83.78% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that DIR-UN is somewhat dependend on debt financing.
DIR-UN has a better Debt to Equity ratio (0.52) than 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 0.85 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
DIR-UN has a Current Ratio of 0.17. 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.
DIR-UN has a Current ratio (0.17) which is in line with its industry peers.
DIR-UN has a Quick Ratio of 0.17. 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.
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.
The Earnings Per Share has been decreasing by -7.45% on average over the past years.
Looking at the last year, DIR-UN shows a small growth in Revenue. The Revenue has grown by 7.53% in the last year.
Measured over the past years, DIR-UN shows a quite strong growth in Revenue. The Revenue has been growing by 19.01% on average per year.
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
Based on estimates for the next years, DIR-UN will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.64% on average per year.
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.
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
Based on the Price/Earnings ratio of 14.39, the valuation of DIR-UN can be described as correct.
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.
Compared to an average S&P500 Price/Earnings ratio of 25.07, DIR-UN is valued a bit cheaper.
DIR-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.21.
Based on the Price/Forward Earnings ratio, DIR-UN is valued a bit cheaper than the industry average as 78.38% of the companies are valued more expensively.
DIR-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | 11.21 |
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 | 11.09 | ||
| 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.
DIR-UN has a very decent profitability rating, which 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)1.38
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.
With a Dividend Yield of 5.00, DIR-UN pays less dividend than the industry average, which is at 7.95. 81.08% of the companies listed in the same industry pay a better dividend than DIR-UN!
Compared to an average S&P500 Dividend Yield of 2.44, 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
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 (11/19/2025, 7:00:00 PM)
12.23
+0.05 (+0.41%)
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 Cap3.49B
Revenue(TTM)492.10M
Net Income(TTM)249.55M
Analysts81.43
Price Target14.2 (16.11%)
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)1.09%
PT rev (3m)-2.56%
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)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | 11.21 | ||
| P/S | 7.09 | ||
| P/FCF | 11.09 | ||
| P/OCF | 11.09 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.85
EY6.95%
EPS(NY)1.09
Fwd EY8.92%
FCF(TTM)1.1
FCFY9.02%
OCF(TTM)1.1
OCFY9.02%
SpS1.72
BVpS16.87
TBVpS16.88
PEG (NY)1.38
PEG (5Y)N/A
Graham Number17.96
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 | 0.85 |
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 Y10.39%
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 Year8.59%
Revenue Next 2Y8.83%
Revenue Next 3Y8.96%
Revenue Next 5YN/A
EBIT growth 1Y6.41%
EBIT growth 3Y19.77%
EBIT growth 5Y22.54%
EBIT Next Year18.64%
EBIT Next 3Y11.83%
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 14.39 and the Price/Book (PB) ratio is 0.72.
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.