Dream Unlimited (TSX:DRM) - Stock Price, News & Analysis

DRM Stock Overview

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm.

DRM fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 54.6% below our estimate of its fair value

Risk Analysis

Earnings are forecast to decline by an average of 6.4% per year for the next 3 years

Interest payments are not well covered by earnings

Dividend of 1.81% is not well covered by earnings

Dream Unlimited Corp. Competitors

Melcor Developments

TSX:MRD

CA$392.4m

Genesis Land Development

TSX:GDC

CA$232.8m

Morguard

TSX:MRC

CA$1.4b

Mainstreet Equity

TSX:MEQ

CA$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Dream Unlimited
Historical stock prices
Current Share Price	CA$33.20
52 Week High	CA$33.75
52 Week Low	CA$16.53
Beta	1.35
11 Month Change	21.39%
3 Month Change	68.96%
1 Year Change	80.43%
33 Year Change	18.49%
5 Year Change	70.61%
Change since IPO	20.73%

Dream Unlimited (TSE:DRM) Has A Somewhat Strained Balance Sheet

Sep 16

Dream Unlimited Corp. (TSE:DRM) Held Back By Insufficient Growth Even After Shares Climb 26%

Aug 17

Recent updates

Dream Unlimited (TSE:DRM) Has A Somewhat Strained Balance Sheet

Sep 16

Dream Unlimited Corp. (TSE:DRM) Held Back By Insufficient Growth Even After Shares Climb 26%

Aug 17

Results: Dream Unlimited Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts

Aug 16

News Flash: One Dream Unlimited Corp. (TSE:DRM) Analyst Has Been Trimming Their Revenue Forecasts

May 19

Dream Unlimited (TSE:DRM) Use Of Debt Could Be Considered Risky

Mar 18

Should You Investigate Dream Unlimited Corp. (TSE:DRM) At CA$27.64?

Jan 26

Is There Now An Opportunity In Dream Unlimited Corp. (TSE:DRM)?

Oct 23

Dream Unlimited (TSE:DRM) Takes On Some Risk With Its Use Of Debt

Jul 13

Is It Time To Consider Buying Dream Unlimited Corp. (TSE:DRM)?

Mar 14

Rainbows and Unicorns: The Dream Unlimited Corp. (TSE:DRM) Analyst Just Became A Lot More Optimistic

Feb 27

These 4 Measures Indicate That Dream Unlimited (TSE:DRM) Is Using Debt Extensively

Feb 01

Dream Unlimited (TSE:DRM) Is Increasing Its Dividend To CA$0.10

Dec 10

Dream Unlimited (TSE:DRM) Is Increasing Its Dividend To CA$0.10

Nov 25

News Flash: Analysts Just Made A Sizeable Upgrade To Their Dream Unlimited Corp. (TSE:DRM) Forecasts

Aug 19

It's Unlikely That Dream Unlimited Corp.'s (TSE:DRM) CEO Will See A Huge Pay Rise This Year

Jun 01

Shareholder Returns

	DRM	CA Real Estate	CA Market
7D	2.0%	1.4%	1.1%
1Y	80.4%	33.4%	20.6%

Return vs Industry: DRM exceeded the Canadian Real Estate industry which returned 33.4% over the past year.

Return vs Market: DRM exceeded the Canadian Market which returned 20.6% over the past year.

Price Volatility

Is DRM's price volatile compared to industry and market?
DRM volatility
DRM Average Weekly Movement	5.7%
Real Estate Industry Average Movement	5.3%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: DRM's share price has been volatile over the past 3 months.

Volatility Over Time: DRM's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Michael Cooper	dream.ca

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.

Dream Unlimited Corp. Fundamentals Summary

How do Dream Unlimited's earnings and revenue compare to its market cap?
DRM fundamental statistics
Market cap	CA$1.36b
Earnings (TTM)	-CA$3.70m
Revenue (TTM)	CA$576.89m

2.4x

P/S Ratio

-377.2x

P/E Ratio

Is DRM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DRM income statement (TTM)
Revenue	CA$576.89m
Cost of Revenue	CA$399.40m
Gross Profit	CA$177.49m
Other Expenses	CA$181.19m
Earnings	-CA$3.70m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.088
Gross Margin	30.77%
Net Profit Margin	-0.64%
Debt/Equity Ratio	129.5%

How did DRM perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

-630%

Payout Ratio

DRM Stock Overview

Rewards

Risk Analysis

Dream Unlimited Corp. Competitors

TSX:MRD

CA$392.4m

TSX:GDC

CA$232.8m

TSX:MRC

CA$1.4b

TSX:MEQ

CA$1.8b

Price History & Performance

Recent News & Updates

Dream Unlimited (TSE:DRM) Has A Somewhat Strained Balance Sheet

Price target increased by 7.1% to CA$37.50

Second quarter dividend of CA$0.15 announced

Dream Unlimited Corp. Announces Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend, Payable September 30, 2024

Arkfield completed the acquisition of 10 Lower Spadina from Dream Impact Trust (TSX:MPCT.UN), managed by Dream Unlimited Corp. (TSX:DRM).

Dream Unlimited Corp. (TSE:DRM) Held Back By Insufficient Growth Even After Shares Climb 26%

Recent updates

Dream Unlimited (TSE:DRM) Has A Somewhat Strained Balance Sheet

Price target increased by 7.1% to CA$37.50

Second quarter dividend of CA$0.15 announced

Dream Unlimited Corp. Announces Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend, Payable September 30, 2024

Arkfield completed the acquisition of 10 Lower Spadina from Dream Impact Trust (TSX:MPCT.UN), managed by Dream Unlimited Corp. (TSX:DRM).

Dream Unlimited Corp. (TSE:DRM) Held Back By Insufficient Growth Even After Shares Climb 26%

Results: Dream Unlimited Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Dream Unlimited Corp. to Report Q2, 2024 Results on Aug 13, 2024

Upcoming dividend of CA$0.15 per share

Dream Unlimited's (TSE:DRM) Dividend Will Be CA$0.15

First quarter dividend of CA$0.15 announced

New major risk - Revenue and earnings growth

What Dream Unlimited Corp.'s (TSE:DRM) P/S Is Not Telling You

Price target increased by 7.7% to CA$35.00

Dream Unlimited Corp. to Report Q1, 2024 Results on May 14, 2024

Dream Unlimited Corp. Appoints Meaghan Peloso as Chief Financial Officer

Dream Unlimited Corp., Annual General Meeting, Jun 12, 2024

Board Member exercised options and sold CA$406k worth of stock

Fourth quarter dividend increased to CA$0.15

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Dream Unlimited Corp. Approves Increase to the Annual Dividend Per Subordinate Voting Share and Class B Share, Payable on March 28, 2024

Dream Unlimited Corp. to Report Q4, 2023 Results on Feb 21, 2024

Dream Unlimited Corp. to Report Q4, 2023 Results on Feb 14, 2024

Dream Unlimited (TSE:DRM) Has A Somewhat Strained Balance Sheet

Upcoming dividend of CA$0.13 per share at 2.5% yield

Dream Unlimited Corp. Announces Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: CA$0.092 (vs CA$2.27 in 3Q 2022)

Price target decreased by 11% to CA$32.50

Dream Unlimited Corp. to Report Q3, 2023 Results on Nov 14, 2023

Dream Unlimited Corp. Announces Plans to Develop 5,000 Purpose-built Rental Suites Across Canada, After Federal Government Tables New GST Legislation

Upcoming dividend of CA$0.13 per share at 2.3% yield

Dream Unlimited (TSE:DRM) Has No Shortage Of Debt

Dream Unlimited Corp. Approves the Payment of Quarterly Cash Dividend for Class A Subordinate Voting Share and Class B Common Share, Payable on September 29, 2023

New major risk - Dividend sustainability

Second quarter 2023 earnings released: CA$1.73 loss per share (vs CA$1.80 profit in 2Q 2022)

Dream Unlimited Corporation to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of CA$0.13 per share at 2.3% yield

News Flash: One Dream Unlimited Corp. (TSE:DRM) Analyst Has Been Trimming Their Revenue Forecasts

Dream Unlimited Corp. Announces Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend, Payable on June 30, 2023

Price target decreased by 14% to CA$42.50

First quarter 2023 earnings released: EPS: CA$0.81 (vs CA$0.99 in 1Q 2022)

Dream Unlimited (TSE:DRM) Use Of Debt Could Be Considered Risky

Upcoming dividend of CA$0.13 per share at 1.9% yield

Full year 2022 earnings released: EPS: CA$3.86 (vs CA$2.52 in FY 2021)

Dream Unlimited Corp. to Report Q4, 2022 Results on Feb 21, 2023

Should You Investigate Dream Unlimited Corp. (TSE:DRM) At CA$27.64?

Upcoming dividend of CA$0.60 per share

Dream Unlimited Corp. Announces Quarterly Dividend, Payable on December 30, 2022

Third quarter 2022 earnings released: EPS: CA$2.27 (vs CA$0.79 in 3Q 2021)

Third quarter 2022 earnings released: EPS: CA$2.27 (vs CA$0.79 in 3Q 2021)

Dream Unlimited Corp. Declares Special Dividend, Payable on December 30, 2022

Investor sentiment improved over the past week

Price target decreased to CA$46.00

Is There Now An Opportunity In Dream Unlimited Corp. (TSE:DRM)?

Dream Unlimited Corp. to Report Q3, 2022 Results on Nov 10, 2022

Upcoming dividend of CA$0.10 per share

Dream Unlimited Corp. Announces Quarterly Class A Subordinate Voting Share and Class B Common Share Dividend, Payable on September 30, 2022