DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Fundamental Analysis & Valuation

TSX:DIR-UN • CA26153W1095

Current stock price

13.33 CAD
+0.31 (+2.38%)
Last:

This DIR-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. DIR-UN.CA Profitability Analysis

1.1 Basic Checks

  • In the past year DIR-UN was profitable.
  • In the past year DIR-UN had a positive cash flow from operations.
  • DIR-UN had positive earnings in each of the past 5 years.
  • In the past 5 years DIR-UN always reported a positive cash flow from operatings.
DIR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFDIR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • The Return On Assets of DIR-UN (2.01%) is better than 69.70% of its industry peers.
  • Looking at the Return On Equity, with a value of 3.55%, DIR-UN is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
  • With a Return On Invested Capital value of 3.09%, DIR-UN is not doing good in the industry: 78.79% of the companies in the same industry are doing better.
  • DIR-UN had an Average Return On Invested Capital over the past 3 years of 3.02%. This is below the industry average of 5.67%.
  • The last Return On Invested Capital (3.09%) for DIR-UN is above the 3 year average (3.02%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.01%
ROE 3.55%
ROIC 3.09%
ROA(3y)2.18%
ROA(5y)5.26%
ROE(3y)3.77%
ROE(5y)8.91%
ROIC(3y)3.02%
ROIC(5y)2.74%
DIR-UN.CA Yearly ROA, ROE, ROICDIR-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • DIR-UN's Profit Margin of 33.73% is fine compared to the rest of the industry. DIR-UN outperforms 75.76% of its industry peers.
  • In the last couple of years the Profit Margin of DIR-UN has declined.
  • The Operating Margin of DIR-UN (65.14%) is better than 90.91% of its industry peers.
  • DIR-UN's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 76.35%, DIR-UN belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
  • DIR-UN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 65.14%
PM (TTM) 33.73%
GM 76.35%
OM growth 3Y0.6%
OM growth 5Y2.77%
PM growth 3Y-43.9%
PM growth 5Y-16.84%
GM growth 3Y0.07%
GM growth 5Y1.55%
DIR-UN.CA Yearly Profit, Operating, Gross MarginsDIR-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100 150 200

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. DIR-UN.CA Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for DIR-UN has been increased compared to 1 year ago.
  • Compared to 5 years ago, DIR-UN has more shares outstanding
  • The debt/assets ratio for DIR-UN is higher compared to a year ago.
DIR-UN.CA Yearly Shares OutstandingDIR-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
DIR-UN.CA Yearly Total Debt VS Total AssetsDIR-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.03, we must say that DIR-UN is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of DIR-UN (1.03) is better than 81.82% of its industry peers.
  • DIR-UN has a debt to FCF ratio of 10.34. This is a negative value and a sign of low solvency as DIR-UN would need 10.34 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 10.34, DIR-UN is doing good in the industry, outperforming 69.70% of the companies in the same industry.
  • DIR-UN has a Debt/Equity ratio of 0.56. This is a neutral value indicating DIR-UN is somewhat dependend on debt financing.
  • DIR-UN has a better Debt to Equity ratio (0.56) than 93.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 10.34
Altman-Z 1.03
ROIC/WACCN/A
WACCN/A
DIR-UN.CA Yearly LT Debt VS Equity VS FCFDIR-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • DIR-UN has a Current Ratio of 1.17. This is a normal value and indicates that DIR-UN is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Current ratio value of 1.17, DIR-UN belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
  • DIR-UN has a Quick Ratio of 1.17. This is a normal value and indicates that DIR-UN is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of DIR-UN (1.17) is better than 93.94% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
DIR-UN.CA Yearly Current Assets VS Current LiabilitesDIR-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. DIR-UN.CA Growth Analysis

3.1 Past

  • DIR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.28%.
  • DIR-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.25% yearly.
  • DIR-UN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.16%.
  • DIR-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.41% yearly.
EPS 1Y (TTM)-35.28%
EPS 3Y-39.45%
EPS 5Y-13.25%
EPS Q2Q%-72.79%
Revenue 1Y (TTM)8.16%
Revenue growth 3Y10.91%
Revenue growth 5Y16.41%
Sales Q2Q%10.17%

3.2 Future

  • DIR-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.57% yearly.
  • The Revenue is expected to grow by 6.62% on average over the next years.
EPS Next Y44.59%
EPS Next 2Y23.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.35%
Revenue Next 2Y6.62%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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.
DIR-UN.CA Yearly Revenue VS EstimatesDIR-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
DIR-UN.CA Yearly EPS VS EstimatesDIR-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

More info and screens

Find the best growth stocksShow best growing peers

5

4. DIR-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • DIR-UN is valuated rather expensively with a Price/Earnings ratio of 22.98.
  • 60.61% of the companies in the same industry are more expensive than DIR-UN, based on the Price/Earnings ratio.
  • DIR-UN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.78.
  • With a Price/Forward Earnings ratio of 12.33, DIR-UN is valued correctly.
  • Based on the Price/Forward Earnings ratio, DIR-UN is valued a bit cheaper than the industry average as 75.76% of the companies are valued more expensively.
  • DIR-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 22.98
Fwd PE 12.33
DIR-UN.CA Price Earnings VS Forward Price EarningsDIR-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • DIR-UN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 12.54
EV/EBITDA N/A
DIR-UN.CA Per share dataDIR-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of DIR-UN may justify a higher PE ratio.
  • A more expensive valuation may be justified as DIR-UN's earnings are expected to grow with 23.57% in the coming years.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y23.57%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. DIR-UN.CA Dividend Analysis

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 6.41.
  • Compared to an average S&P500 Dividend Yield of 1.83, DIR-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5%

5.2 History

  • The dividend of DIR-UN decreases each year by -3.67%.
  • DIR-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.67%
Div Incr Years0
Div Non Decr Years0
DIR-UN.CA Yearly Dividends per shareDIR-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 84.91% of the earnings are spent on dividend by DIR-UN. This is not a sustainable payout ratio.
DP84.91%
EPS Next 2Y23.57%
EPS Next 3YN/A
DIR-UN.CA Yearly Income VS Free CF VS DividendDIR-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
DIR-UN.CA Dividend Payout.DIR-UN.CA Dividend Payout, showing the Payout Ratio.DIR-UN.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

DIR-UN.CA Fundamentals: All Metrics, Ratios and Statistics

DREAM INDUSTRIAL REAL ESTATE

TSX:DIR-UN (4/10/2026, 7:00:00 PM)

13.33

+0.31 (+2.38%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-17
Earnings (Next)05-05
Inst Owners31.09%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap3.79B
Revenue(TTM)504.26M
Net Income(TTM)170.07M
Analysts81.43
Price Target15.35 (15.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5%
Yearly Dividend0.49
Dividend Growth(5Y)-3.67%
DP84.91%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
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)0.67%
PT rev (3m)3.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.93%
EPS NY rev (3m)-0.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.02%
Revenue NY rev (3m)-2.33%
Valuation
Industry RankSector Rank
PE 22.98
Fwd PE 12.33
P/S 7.51
P/FCF 12.54
P/OCF 12.54
P/B 0.79
P/tB 0.79
EV/EBITDA N/A
EPS(TTM)0.58
EY4.35%
EPS(NY)1.08
Fwd EY8.11%
FCF(TTM)1.06
FCFY7.98%
OCF(TTM)1.06
OCFY7.98%
SpS1.78
BVpS16.87
TBVpS16.87
PEG (NY)0.52
PEG (5Y)N/A
Graham Number14.84
Profitability
Industry RankSector Rank
ROA 2.01%
ROE 3.55%
ROCE 4.29%
ROIC 3.09%
ROICexc 3.11%
ROICexgc 3.11%
OM 65.14%
PM (TTM) 33.73%
GM 76.35%
FCFM 59.88%
ROA(3y)2.18%
ROA(5y)5.26%
ROE(3y)3.77%
ROE(5y)8.91%
ROIC(3y)3.02%
ROIC(5y)2.74%
ROICexc(3y)3.05%
ROICexc(5y)2.77%
ROICexgc(3y)3.05%
ROICexgc(5y)2.77%
ROCE(3y)4.2%
ROCE(5y)3.81%
ROICexgc growth 3Y7.61%
ROICexgc growth 5Y-0.14%
ROICexc growth 3Y7.61%
ROICexc growth 5Y-0.14%
OM growth 3Y0.6%
OM growth 5Y2.77%
PM growth 3Y-43.9%
PM growth 5Y-16.84%
GM growth 3Y0.07%
GM growth 5Y1.55%
F-Score7
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 10.34
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 4.33
Cash Conversion N/A
Profit Quality 177.54%
Current Ratio 1.17
Quick Ratio 1.17
Altman-Z 1.03
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)193.8%
Profit Quality(5y)128.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-35.28%
EPS 3Y-39.45%
EPS 5Y-13.25%
EPS Q2Q%-72.79%
EPS Next Y44.59%
EPS Next 2Y23.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.16%
Revenue growth 3Y10.91%
Revenue growth 5Y16.41%
Sales Q2Q%10.17%
Revenue Next Year6.35%
Revenue Next 2Y6.62%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.07%
EBIT growth 3Y11.58%
EBIT growth 5Y19.64%
EBIT Next Year16.93%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.1%
FCF growth 3Y11.4%
FCF growth 5Y17.52%
OCF growth 1Y2.1%
OCF growth 3Y11.4%
OCF growth 5Y17.45%

DREAM INDUSTRIAL REAL ESTATE / DIR-UN.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to DIR-UN.CA.


What is the valuation status of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for DREAM INDUSTRIAL REAL ESTATE?

DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) has a profitability rating of 7 / 10.


What is the expected EPS growth for DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?

The Earnings per Share (EPS) of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) is expected to grow by 44.59% in the next year.


How sustainable is the dividend of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?

The dividend rating of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) is 4 / 10 and the dividend payout ratio is 84.91%.