DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - TSX:DIR-UN - CA26153W1095 - REIT
12.49 CAD
+0.11 (+0.89%)
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. Finally 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.
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
DIR-UN has a better Return On Assets (2.63%) than 78.38% of its industry peers.
Looking at the Return On Equity, with a value of 4.55%, DIR-UN is in the better half of the industry, outperforming 67.57% 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 72.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for DIR-UN is below the industry average of 5.56%.
The last Return On Invested Capital (3.14%) for DIR-UN is above the 3 year average (2.81%), which is a sign of increasing profitability.
| 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
DIR-UN has a Profit Margin of 45.11%. This is amongst the best in the industry. DIR-UN outperforms 91.89% of its industry peers.
DIR-UN's Profit Margin has declined in the last couple of years.
DIR-UN has a better Operating Margin (66.37%) than 91.89% of its industry peers.
In the last couple of years the Operating Margin of DIR-UN has grown nicely.
DIR-UN has a Gross Margin of 76.37%. This is amongst the best in the industry. DIR-UN outperforms 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 | 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
Compared to 1 year ago, DIR-UN has more shares outstanding
The number of shares outstanding for DIR-UN has been increased compared to 5 years ago.
The debt/assets ratio for DIR-UN is higher compared to a year ago.
2.2 Solvency
DIR-UN has an Altman-Z score of 0.88. This is a bad value and indicates that DIR-UN is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.88, DIR-UN belongs to the best of the industry, outperforming 86.49% 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.
Looking at the Debt to FCF ratio, with a value of 9.34, DIR-UN belongs to the top of the industry, outperforming 89.19% of the companies in the same industry.
DIR-UN has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.49, DIR-UN belongs to the top of the industry, outperforming 91.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 9.34 | ||
| Altman-Z | 0.88 |
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.
Looking at the Current ratio, with a value of 0.09, DIR-UN is doing worse than 75.68% of the companies in the same industry.
A Quick Ratio of 0.09 indicates that DIR-UN may have some problems paying its short term obligations.
With a Quick ratio value of 0.09, DIR-UN is not doing good in the industry: 75.68% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.32% over the past year.
Measured over the past years, DIR-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.45% on average per year.
Looking at the last year, DIR-UN shows a small growth in Revenue. The Revenue has grown by 7.13% in the last 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
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 8.96% on average over the next years. This is quite good.
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
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 16.65 indicates a correct valuation of DIR-UN.
Based on the Price/Earnings ratio, DIR-UN is valued a bit cheaper than the industry average as 72.97% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.38. DIR-UN is valued slightly cheaper when compared to this.
DIR-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.45.
81.08% 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 (22.86), we can say DIR-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.65 | ||
| Fwd PE | 11.45 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DIR-UN is on the same level as its industry peers.
| 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)1.6
PEG (5Y)N/A
EPS Next 2Y18.43%
EPS Next 3Y13.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.00%, DIR-UN is a good candidate for dividend investing.
DIR-UN's Dividend Yield is slightly below the industry average, which is at 7.90.
DIR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| 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 paid a dividend for at least 10 years, which is 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 65.95% of its income as dividend. This is not a sustainable payout ratio.
The dividend of DIR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.95%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (9/19/2025, 7:00:00 PM)
12.49
+0.11 (+0.89%)
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 Cap3.56B
Analysts81.43
Price Target14.05 (12.49%)
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)-3.61%
PT rev (3m)1.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-19.81%
EPS NY rev (3m)-19.81%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.65%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.65 | ||
| Fwd PE | 11.45 | ||
| P/S | 7.38 | ||
| P/FCF | 11.09 | ||
| P/OCF | 11.09 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.75
EY6%
EPS(NY)1.09
Fwd EY8.73%
FCF(TTM)1.13
FCFY9.02%
OCF(TTM)1.13
OCFY9.02%
SpS1.69
BVpS16.79
TBVpS16.79
PEG (NY)1.6
PEG (5Y)N/A
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%
ROICexcg growth 3Y12.88%
ROICexcg 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 | 0.88 |
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 Year18.41%
EBIT Next 3YN/A
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%