Dream Industrial REIT is an unincorporated, open-ended real estate investment trust.
Undervalued with proven track record and pays a dividend.
Share Price & News
How has Dream Industrial Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DREU.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: DREU.F exceeded the US REITs industry which returned 16.2% over the past year.
Return vs Market: DREU.F exceeded the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is Dream Industrial Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Dream Industrial Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DREU.F ($10.72) is trading below our estimate of fair value ($21.14)
Significantly Below Fair Value: DREU.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DREU.F is good value based on its PE Ratio (11.6x) compared to the REITs industry average (37.3x).
PE vs Market: DREU.F is good value based on its PE Ratio (11.6x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DREU.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DREU.F is good value based on its PB Ratio (1.3x) compared to the US REITs industry average (2.1x).
How is Dream Industrial Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dream Industrial Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Dream Industrial Real Estate Investment Trust is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Dream Industrial Real Estate Investment Trust's filings and announcements here.
- Explore growth companies in the Real Estate industry.
How has Dream Industrial Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DREU.F has a large one-off gain of CA$128.8M impacting its September 30 2019 financial results.
Growing Profit Margin: DREU.F's current net profit margins (66.8%) are higher than last year (60.7%).
Past Earnings Growth Analysis
Earnings Trend: DREU.F's earnings have grown significantly by 28.3% per year over the past 5 years.
Accelerating Growth: DREU.F's earnings growth over the past year (47.8%) exceeds its 5-year average (28.3% per year).
Earnings vs Industry: DREU.F earnings growth over the past year (47.8%) exceeded the REITs industry 6.9%.
Return on Equity
High ROE: DREU.F's Return on Equity (11.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Dream Industrial Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: DREU.F has a high level of physical assets or inventory.
Debt Coverage by Assets: DREU.F's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: DREU.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DREU.F has a sufficient allowance for bad loans.
Low Risk Liabilities: DREU.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DREU.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DREU.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DREU.F has an appropriate level of bad loans.
What is Dream Industrial Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DREU.F's dividend (4.94%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: DREU.F's dividend (4.94%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DREU.F has been paying a dividend for less than 10 years.
Growing Dividend: DREU.F's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.9%), DREU.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DREU.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Pauls 0
Mr. Brian D. Pauls has been Chief Executive Officer and President at Dream Industrial Real Estate Investment Trust since January 1, 2018 and has been its Trustee since May 17, 2018. He is the Member of Boa ...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD461.10K) is below average for companies of similar size in the US market ($USD3.78M).
Compensation vs Earnings: Insufficient data to compare Brian's compensation with company performance.
|CEO, President & Trustee||2.1yrs||CA$610.00k||0.017% CA$313.2k|
|Chief Financial Officer||5.1yrs||CA$463.20k||0.0024% CA$44.5k|
|Senior Vice President of Portfolio Management - Quebec & Eastern Canada||0yrs||no data||no data|
|President of Asset Management||0yrs||no data||0.017% CA$315.2k|
|Senior Vice President of Real Estate Investments||2.1yrs||no data||no data|
Experienced Management: DREU.F's management team is considered experienced (2.1 years average tenure).
|CEO, President & Trustee||2.1yrs||CA$610.00k||0.017% CA$313.2k|
|Non-Independent Trustee||7.3yrs||CA$277.40k||0.76% CA$13.8m|
|Independent Trustee||3.7yrs||CA$100.00k||0.011% CA$202.4k|
|Independent Trustee||5.8yrs||CA$110.00k||0.0043% CA$78.2k|
|Independent Trustee||7.3yrs||CA$91.77k||no data|
|Independent Chairman of the Board Trustees||5.8yrs||CA$160.00k||0.0080% CA$145.2k|
|Independent Trustee||6.8yrs||CA$100.00k||no data|
|Independent Trustee||2.8yrs||CA$98.23k||0.012% CA$217.7k|
Experienced Board: DREU.F's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DREU.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.4%.
Dream Industrial Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Dream Industrial Real Estate Investment Trust
- Ticker: DREU.F
- Exchange: OTCPK
- Founded: 2012
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.410b
- Market Cap: CA$1.623b
- Listing Market Cap: CA$1.822b
- Shares outstanding: 170.21m
- Website: https://www.dream.ca/industrial
Number of Employees
- Dream Industrial Real Estate Investment Trust
- State Street Financial Centre
- Suite 301
- M5C 3H1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DIR.UN||TSX (The Toronto Stock Exchange)||Yes||REIT Units||CA||CAD||Oct 2012|
|DREU.F||OTCPK (Pink Sheets LLC)||Yes||REIT Units||US||USD||Oct 2012|
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. To date, Dream Industrial REIT owns and operates a portfolio of 209 geographically diversified light industrial properties comprising approximately 21.8 million square feet of gross leasable area in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 00:49|
|End of Day Share Price||2020/02/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.