DREAM OFFICE REAL ESTATE INV (D-UN.CA) Stock Fundamental Analysis
Canada - TSX:D-UN - CA26153P2035 - REIT
17.49 CAD
-0.46 (-2.56%)
Overall D-UN gets a fundamental rating of 3 out of 10. We evaluated D-UN against 38 industry peers in the Diversified REITs industry. D-UN has a bad profitability rating. Also its financial health evaluation is rather negative. D-UN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
D-UN had negative earnings in the past year.
D-UN had a positive operating cash flow in the past year.
In multiple years D-UN reported negative net income over the last 5 years.
In the past 5 years D-UN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -7.26%, D-UN is doing worse than 76.32% of the companies in the same industry.
D-UN has a worse Return On Equity (-17.10%) than 76.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.99%, D-UN is doing worse than 84.21% of the companies in the same industry.
D-UN had an Average Return On Invested Capital over the past 3 years of 2.50%. This is below the industry average of 5.46%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.26% | ||
| ROE | -17.1% | ||
| ROIC | 1.99% |
ROA(3y)-1.63%
ROA(5y)1.26%
ROE(3y)-4%
ROE(5y)1.96%
ROIC(3y)2.5%
ROIC(5y)2.51%
1.3 Margins
The Operating Margin of D-UN (32.09%) is worse than 76.32% of its industry peers.
D-UN's Operating Margin has declined in the last couple of years.
D-UN's Gross Margin of 53.92% is on the low side compared to the rest of the industry. D-UN is outperformed by 60.53% of its industry peers.
D-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.09% | ||
| PM (TTM) | N/A | ||
| GM | 53.92% |
OM growth 3Y-11.8%
OM growth 5Y-7.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.34%
GM growth 5Y-0.58%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), D-UN is destroying value.
D-UN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, D-UN has less shares outstanding
Compared to 1 year ago, D-UN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.26, we must say that D-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.26, D-UN is not doing good in the industry: 81.58% of the companies in the same industry are doing better.
D-UN has a debt to FCF ratio of 17.12. This is a negative value and a sign of low solvency as D-UN would need 17.12 years to pay back of all of its debts.
D-UN's Debt to FCF ratio of 17.12 is in line compared to the rest of the industry. D-UN outperforms 44.74% of its industry peers.
D-UN has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
D-UN has a Debt to Equity ratio (1.21) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 17.12 | ||
| Altman-Z | -0.26 |
ROIC/WACC0.36
WACC5.46%
2.3 Liquidity
D-UN has a Current Ratio of 0.26. This is a bad value and indicates that D-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
D-UN's Current ratio of 0.26 is in line compared to the rest of the industry. D-UN outperforms 55.26% of its industry peers.
D-UN has a Quick Ratio of 0.26. This is a bad value and indicates that D-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
D-UN has a Quick ratio of 0.26. This is comparable to the rest of the industry: D-UN outperforms 57.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
D-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -331.56%.
Looking at the last year, D-UN shows a decrease in Revenue. The Revenue has decreased by -0.53% in the last year.
The Revenue has been decreasing by -3.05% on average over the past years.
EPS 1Y (TTM)-331.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-89.39%
Revenue 1Y (TTM)-0.53%
Revenue growth 3Y0.03%
Revenue growth 5Y-3.05%
Sales Q2Q%-8.58%
3.2 Future
The Earnings Per Share is expected to grow by 32.85% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -0.03% on average over the next years.
EPS Next Y26.71%
EPS Next 2Y51.7%
EPS Next 3Y32.85%
EPS Next 5YN/A
Revenue Next Year-5.2%
Revenue Next 2Y-1.58%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
D-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 12.99, which indicates a correct valuation of D-UN.
65.79% of the companies in the same industry are more expensive than D-UN, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of D-UN to the average of the S&P500 Index (33.61), we can say D-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.99 |
4.2 Price Multiples
D-UN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. D-UN is cheaper than 63.16% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, D-UN is valued cheaper than 92.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4 | ||
| EV/EBITDA | 24.29 |
4.3 Compensation for Growth
D-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
D-UN's earnings are expected to grow with 32.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y51.7%
EPS Next 3Y32.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.98%, D-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.95, D-UN has a dividend in line with its industry peers.
D-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
5.2 History
The dividend of D-UN has a limited annual growth rate of 3.10%.
D-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.1%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of D-UN are negative and hence is the payout ratio. D-UN will probably not be able to sustain this dividend level.
D-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-9.62%
EPS Next 2Y51.7%
EPS Next 3Y32.85%
TSX:D-UN (11/10/2025, 7:00:00 PM)
17.49
-0.46 (-2.56%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners1.81%
Inst Owner ChangeN/A
Ins Owners23.07%
Ins Owner ChangeN/A
Market Cap286.31M
Revenue(TTM)191.37M
Net Income(TTM)-169.83M
Analysts69.33
Price Target19.52 (11.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
Yearly Dividend1.17
Dividend Growth(5Y)3.1%
DP-9.62%
Div Incr Years0
Div Non Decr Years0
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)2.68%
PT rev (3m)12.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-374.36%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.99 | ||
| P/S | 1.5 | ||
| P/FCF | 4 | ||
| P/OCF | 4 | ||
| P/B | 0.29 | ||
| P/tB | 0.29 | ||
| EV/EBITDA | 24.29 |
EPS(TTM)-8.78
EYN/A
EPS(NY)1.35
Fwd EY7.7%
FCF(TTM)4.37
FCFY24.98%
OCF(TTM)4.37
OCFY24.98%
SpS11.69
BVpS60.66
TBVpS60.66
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.26% | ||
| ROE | -17.1% | ||
| ROCE | 2.76% | ||
| ROIC | 1.99% | ||
| ROICexc | 2.01% | ||
| ROICexgc | 2.01% | ||
| OM | 32.09% | ||
| PM (TTM) | N/A | ||
| GM | 53.92% | ||
| FCFM | 37.37% |
ROA(3y)-1.63%
ROA(5y)1.26%
ROE(3y)-4%
ROE(5y)1.96%
ROIC(3y)2.5%
ROIC(5y)2.51%
ROICexc(3y)2.51%
ROICexc(5y)2.53%
ROICexgc(3y)2.51%
ROICexgc(5y)2.53%
ROCE(3y)3.47%
ROCE(5y)3.49%
ROICexgc growth 3Y-1.86%
ROICexgc growth 5Y-7.02%
ROICexc growth 3Y-1.86%
ROICexc growth 5Y-7.01%
OM growth 3Y-11.8%
OM growth 5Y-7.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.34%
GM growth 5Y-0.58%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 17.12 | ||
| Debt/EBITDA | 19.59 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.96 | ||
| Cash Conversion | 116.45% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | -0.26 |
F-Score6
WACC5.46%
ROIC/WACC0.36
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-331.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-89.39%
EPS Next Y26.71%
EPS Next 2Y51.7%
EPS Next 3Y32.85%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.53%
Revenue growth 3Y0.03%
Revenue growth 5Y-3.05%
Sales Q2Q%-8.58%
Revenue Next Year-5.2%
Revenue Next 2Y-1.58%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
EBIT growth 1Y-34.04%
EBIT growth 3Y-11.78%
EBIT growth 5Y-10.47%
EBIT Next Year51.75%
EBIT Next 3Y12.98%
EBIT Next 5YN/A
FCF growth 1Y3.19%
FCF growth 3Y-8.92%
FCF growth 5Y-9.94%
OCF growth 1Y3.19%
OCF growth 3Y-8.92%
OCF growth 5Y-9.94%
DREAM OFFICE REAL ESTATE INV / D-UN.CA FAQ
Can you provide the ChartMill fundamental rating for DREAM OFFICE REAL ESTATE INV?
ChartMill assigns a fundamental rating of 3 / 10 to D-UN.CA.
Can you provide the valuation status for DREAM OFFICE REAL ESTATE INV?
ChartMill assigns a valuation rating of 6 / 10 to DREAM OFFICE REAL ESTATE INV (D-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for DREAM OFFICE REAL ESTATE INV?
DREAM OFFICE REAL ESTATE INV (D-UN.CA) has a profitability rating of 2 / 10.
Can you provide the expected EPS growth for D-UN stock?
The Earnings per Share (EPS) of DREAM OFFICE REAL ESTATE INV (D-UN.CA) is expected to grow by 26.71% in the next year.