DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:DIR-UN - CA26153W1095 - REIT
11.87 CAD
-0.02 (-0.17%)
We assign a fundamental rating of 5 out of 10 to DIR-UN. DIR-UN was compared to 38 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
In the past year DIR-UN was profitable.
DIR-UN had a positive operating cash flow in the past year.
Each year in the past 5 years DIR-UN has been profitable.
In the past 5 years DIR-UN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of DIR-UN (2.95%) is better than 76.32% of its industry peers.
DIR-UN has a better Return On Equity (5.18%) than 63.16% of its industry peers.
DIR-UN's Return On Invested Capital of 3.07% is on the low side compared to the rest of the industry. DIR-UN is outperformed by 73.68% of its industry peers.
DIR-UN had an Average Return On Invested Capital over the past 3 years of 2.81%. This is below the industry average of 5.49%.
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
DIR-UN has a Profit Margin of 50.71%. This is amongst the best in the industry. DIR-UN outperforms 97.37% 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 92.11% of the companies in the same industry.
DIR-UN's Operating Margin has improved in the last couple of years.
DIR-UN's Gross Margin of 76.46% is amongst the best of the industry. DIR-UN outperforms 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 | 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
Compared to 1 year ago, DIR-UN has more shares outstanding
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 0.84. 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 0.84, DIR-UN belongs to the best of the industry, outperforming 81.58% of the companies in the same industry.
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.
DIR-UN has a better Debt to FCF ratio (9.99) than 84.21% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that DIR-UN is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.52, DIR-UN belongs to the best of the industry, outperforming 92.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 0.84 |
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.
A Quick Ratio of 0.17 indicates that DIR-UN may have some problems paying its short term obligations.
The Quick ratio of DIR-UN (0.17) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
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 74.68%, which is quite impressive.
DIR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.45% yearly.
The Revenue has been growing slightly by 7.53% in the past 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
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.
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
Based on the Price/Earnings ratio of 13.96, the valuation of DIR-UN can be described as correct.
Based on the Price/Earnings ratio, DIR-UN is valued a bit cheaper than 71.05% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.59. DIR-UN is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 10.88 indicates a reasonable valuation of DIR-UN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DIR-UN indicates a somewhat cheap valuation: DIR-UN is cheaper than 78.95% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.80, DIR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.96 | ||
| Fwd PE | 10.88 |
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 | 10.79 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
DIR-UN has a very decent profitability rating, which 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
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 7.95.
Compared to an average S&P500 Dividend Yield of 2.31, 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
57.44% of the earnings are spent on dividend by DIR-UN. This is a bit on the high side, but may be sustainable.
DIR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP57.44%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (12/10/2025, 7:00:00 PM)
11.87
-0.02 (-0.17%)
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 Cap3.40B
Revenue(TTM)492.10M
Net Income(TTM)249.55M
Analysts81.43
Price Target14.48 (21.99%)
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)1.97%
PT rev (3m)3.09%
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 | 13.96 | ||
| Fwd PE | 10.88 | ||
| P/S | 6.9 | ||
| P/FCF | 10.79 | ||
| P/OCF | 10.79 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.85
EY7.16%
EPS(NY)1.09
Fwd EY9.19%
FCF(TTM)1.1
FCFY9.26%
OCF(TTM)1.1
OCFY9.26%
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 | 0.84 |
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 3Y12.83%
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 13.96 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 decline by -3.9% in the next year.