DREAM OFFICE REAL ESTATE INV (D-UN.CA) Fundamental Analysis & Valuation
TSX:D-UN • CA26153P2035
Current stock price
17.08 CAD
+0.45 (+2.71%)
Last:
This D-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. D-UN.CA Profitability Analysis
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.
- D-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of -7.06%, D-UN is doing worse than 70.59% of the companies in the same industry.
- D-UN has a worse Return On Equity (-17.79%) than 70.59% of its industry peers.
- With a Return On Invested Capital value of 3.10%, D-UN is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
- Measured over the past 3 years, the Average Return On Invested Capital for D-UN is below the industry average of 6.93%.
- The 3 year average ROIC (2.67%) for D-UN is below the current ROIC(3.10%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.06% | ||
| ROE | -17.79% | ||
| ROIC | 3.1% |
ROA(3y)-4.67%
ROA(5y)-1.38%
ROE(3y)-11.31%
ROE(5y)-3.96%
ROIC(3y)2.67%
ROIC(5y)2.59%
1.3 Margins
- With a Operating Margin value of 48.16%, D-UN is not doing good in the industry: 61.76% of the companies in the same industry are doing better.
- D-UN's Operating Margin has been stable in the last couple of years.
- D-UN has a worse Gross Margin (54.86%) than 64.71% of its industry peers.
- D-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 48.16% | ||
| PM (TTM) | N/A | ||
| GM | 54.86% |
OM growth 3Y-0.42%
OM growth 5Y-0.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.48%
GM growth 5Y0.08%
2. D-UN.CA Health Analysis
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 more shares outstanding than it did 1 year ago.
- D-UN has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, D-UN has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of -0.35, we must say that D-UN is in the distress zone and has some risk of bankruptcy.
- D-UN has a worse Altman-Z score (-0.35) than 79.41% of its industry peers.
- The Debt to FCF ratio of D-UN is 17.33, which is on the high side as it means it would take D-UN, 17.33 years of fcf income to pay off all of its debts.
- With a Debt to FCF ratio value of 17.33, D-UN perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
- D-UN has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
- D-UN's Debt to Equity ratio of 1.25 is on the low side compared to the rest of the industry. D-UN is outperformed by 61.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 17.33 | ||
| Altman-Z | -0.35 |
ROIC/WACC0.55
WACC5.66%
2.3 Liquidity
- D-UN has a Current Ratio of 0.13. 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.
- Looking at the Current ratio, with a value of 0.13, D-UN is doing worse than 64.71% of the companies in the same industry.
- D-UN has a Quick Ratio of 0.13. 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 worse Quick ratio (0.13) than 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.13 | ||
| Quick Ratio | 0.13 |
3. D-UN.CA Growth Analysis
3.1 Past
- D-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.46%.
- The Revenue has decreased by -6.49% in the past year.
- The Revenue has been decreasing by -2.36% on average over the past years.
EPS 1Y (TTM)-54.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.4%
Revenue 1Y (TTM)-6.49%
Revenue growth 3Y-2.24%
Revenue growth 5Y-2.36%
Sales Q2Q%-10.25%
3.2 Future
- The Earnings Per Share is expected to grow by 48.71% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 0.90% on average over the next years.
EPS Next Y116.62%
EPS Next 2Y48.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.37%
Revenue Next 2Y0.9%
Revenue Next 3YN/A
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. D-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- D-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
- With a Price/Forward Earnings ratio of 15.22, D-UN is valued correctly.
- The rest of the industry has a similar Price/Forward Earnings ratio as D-UN.
- The average S&P500 Price/Forward Earnings ratio is at 38.16. D-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.22 |
4.2 Price Multiples
- D-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. D-UN is cheaper than 82.35% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, D-UN is valued cheaply inside the industry as 94.12% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.91 | ||
| EV/EBITDA | 17.03 |
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.
- A more expensive valuation may be justified as D-UN's earnings are expected to grow with 48.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y48.71%
EPS Next 3YN/A
5. D-UN.CA Dividend Analysis
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 6.49, D-UN pays a bit more dividend than its industry peers.
- D-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
5.2 History
- The dividend of D-UN decreases each year by -0.18%.
- D-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.18%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- D-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-10.22%
EPS Next 2Y48.71%
EPS Next 3YN/A
D-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:D-UN (4/14/2026, 7:00:00 PM)
17.08
+0.45 (+2.71%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-19 2026-02-19
Earnings (Next)04-30 2026-04-30
Inst Owners1.74%
Inst Owner ChangeN/A
Ins Owners23.03%
Ins Owner ChangeN/A
Market Cap279.60M
Revenue(TTM)183.38M
Net Income(TTM)-160.11M
Analysts69.33
Price Target19.38 (13.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
Yearly Dividend1.01
Dividend Growth(5Y)-0.18%
DP-10.22%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31 2026-03-31 (0.08333)
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)2.01%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-13.39%
EPS NY rev (3m)-13.39%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.02%
Revenue NY rev (3m)-6.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.22 | ||
| P/S | 1.52 | ||
| P/FCF | 3.91 | ||
| P/OCF | 3.91 | ||
| P/B | 0.31 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | 17.03 |
EPS(TTM)-8.4
EYN/A
EPS(NY)1.12
Fwd EY6.57%
FCF(TTM)4.37
FCFY25.58%
OCF(TTM)4.37
OCFY25.58%
SpS11.2
BVpS54.98
TBVpS54.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.06% | ||
| ROE | -17.79% | ||
| ROCE | 4.3% | ||
| ROIC | 3.1% | ||
| ROICexc | 3.12% | ||
| ROICexgc | 3.12% | ||
| OM | 48.16% | ||
| PM (TTM) | N/A | ||
| GM | 54.86% | ||
| FCFM | 39% |
ROA(3y)-4.67%
ROA(5y)-1.38%
ROE(3y)-11.31%
ROE(5y)-3.96%
ROIC(3y)2.67%
ROIC(5y)2.59%
ROICexc(3y)2.68%
ROICexc(5y)2.61%
ROICexgc(3y)2.68%
ROICexgc(5y)2.61%
ROCE(3y)3.7%
ROCE(5y)3.6%
ROICexgc growth 3Y6.25%
ROICexgc growth 5Y2.85%
ROICexc growth 3Y6.25%
ROICexc growth 5Y2.85%
OM growth 3Y-0.42%
OM growth 5Y-0.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.48%
GM growth 5Y0.08%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 17.33 | ||
| Debt/EBITDA | 12.78 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.37 | ||
| Cash Conversion | 80.97% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.13 | ||
| Quick Ratio | 0.13 | ||
| Altman-Z | -0.35 |
F-Score5
WACC5.66%
ROIC/WACC0.55
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)-54.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.4%
EPS Next Y116.62%
EPS Next 2Y48.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-6.49%
Revenue growth 3Y-2.24%
Revenue growth 5Y-2.36%
Sales Q2Q%-10.25%
Revenue Next Year-3.37%
Revenue Next 2Y0.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y33.28%
EBIT growth 3Y-2.65%
EBIT growth 5Y-2.74%
EBIT Next Year6.78%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1.21%
FCF growth 3Y-2.29%
FCF growth 5Y-5.38%
OCF growth 1Y-1.21%
OCF growth 3Y-2.29%
OCF growth 5Y-5.38%
DREAM OFFICE REAL ESTATE INV / D-UN.CA Fundamental Analysis 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.
What is the valuation status for D-UN stock?
ChartMill assigns a valuation rating of 6 / 10 to DREAM OFFICE REAL ESTATE INV (D-UN.CA). This can be considered as Fairly Valued.
What is the profitability of D-UN stock?
DREAM OFFICE REAL ESTATE INV (D-UN.CA) has a profitability rating of 2 / 10.
What is the expected EPS growth for DREAM OFFICE REAL ESTATE INV (D-UN.CA) stock?
The Earnings per Share (EPS) of DREAM OFFICE REAL ESTATE INV (D-UN.CA) is expected to grow by 116.62% in the next year.
Can you provide the dividend sustainability for D-UN stock?
The dividend rating of DREAM OFFICE REAL ESTATE INV (D-UN.CA) is 5 / 10 and the dividend payout ratio is -10.22%.