DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - TSX:DIR-UN - CA26153W1095 - REIT
12.4 CAD
+0.01 (+0.08%)
We assign a fundamental rating of 5 out of 10 to DIR-UN. DIR-UN was compared to 38 industry peers in the Diversified REITs industry. DIR-UN scores excellent on profitability, but there are concerns on its financial health. DIR-UN has a correct valuation and a medium growth rate. DIR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year DIR-UN was profitable.
DIR-UN had a positive operating cash flow in the past year.
In the past 5 years DIR-UN has always been profitable.
Each year in the past 5 years DIR-UN had a positive operating cash flow.
1.2 Ratios
DIR-UN has a Return On Assets of 2.63%. This is amongst the best in the industry. DIR-UN outperforms 81.58% of its industry peers.
With a decent Return On Equity value of 4.55%, DIR-UN is doing good in the industry, outperforming 71.05% of the companies in the same industry.
DIR-UN's Return On Invested Capital of 3.14% is on the low side compared to the rest of the industry. DIR-UN is outperformed by 71.05% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DIR-UN is below the industry average of 5.45%.
The last Return On Invested Capital (3.14%) for DIR-UN is above the 3 year average (2.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 4.55% | ||
| ROIC | 3.14% |
ROA(3y)4.74%
ROA(5y)5.99%
ROE(3y)7.87%
ROE(5y)10.3%
ROIC(3y)2.81%
ROIC(5y)2.7%
1.3 Margins
DIR-UN's Profit Margin of 45.11% is amongst the best of the industry. DIR-UN outperforms 94.74% of its industry peers.
In the last couple of years the Profit Margin of DIR-UN has declined.
With an excellent Operating Margin value of 66.37%, DIR-UN belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
DIR-UN's Operating Margin has improved in the last couple of years.
DIR-UN has a Gross Margin of 76.37%. This is amongst the best in the industry. DIR-UN outperforms 89.47% of its industry peers.
In the last couple of years the Gross Margin of DIR-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 66.37% | ||
| PM (TTM) | 45.11% | ||
| GM | 76.37% |
OM growth 3Y2.22%
OM growth 5Y2.97%
PM growth 3Y-35.75%
PM growth 5Y-9.53%
GM growth 3Y0.46%
GM growth 5Y1.38%
2. Health
2.1 Basic Checks
The number of shares outstanding for DIR-UN has been increased compared to 1 year ago.
DIR-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for DIR-UN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.88, we must say that DIR-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of DIR-UN (0.88) is better than 84.21% of its industry peers.
The Debt to FCF ratio of DIR-UN is 9.34, which is on the high side as it means it would take DIR-UN, 9.34 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 9.34, DIR-UN belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
A Debt/Equity ratio of 0.49 indicates that DIR-UN is not too dependend on debt financing.
DIR-UN has a Debt to Equity ratio of 0.49. This is amongst the best in the industry. DIR-UN outperforms 92.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 9.34 | ||
| Altman-Z | 0.88 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
DIR-UN has a Current Ratio of 0.09. This is a bad value and indicates that DIR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
DIR-UN has a Current ratio of 0.09. This is in the lower half of the industry: DIR-UN underperforms 76.32% of its industry peers.
A Quick Ratio of 0.09 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN's Quick ratio of 0.09 is on the low side compared to the rest of the industry. DIR-UN is outperformed by 76.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.32% over the past year.
DIR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.45% yearly.
DIR-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.13%.
The Revenue has been growing by 19.01% on average over the past years. This is quite good.
EPS 1Y (TTM)20.32%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%-25.26%
Revenue 1Y (TTM)7.13%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.05%
3.2 Future
Based on estimates for the next years, DIR-UN will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.64% on average per year.
DIR-UN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.96% yearly.
EPS Next Y10.39%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue Next Year8.59%
Revenue Next 2Y8.83%
Revenue Next 3Y8.96%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.53, which indicates a correct valuation of DIR-UN.
Based on the Price/Earnings ratio, DIR-UN is valued a bit cheaper than the industry average as 73.68% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.83. DIR-UN is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 11.37, the valuation of DIR-UN can be described as very reasonable.
Based on the Price/Forward Earnings ratio, DIR-UN is valued a bit cheaper than the industry average as 76.32% of the companies are valued more expensively.
DIR-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.53 | ||
| Fwd PE | 11.37 |
4.2 Price Multiples
DIR-UN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.03 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DIR-UN has a very decent profitability rating, which may justify a higher PE ratio.
DIR-UN's earnings are expected to grow with 13.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.59
PEG (5Y)N/A
EPS Next 2Y18.43%
EPS Next 3Y13.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.00%, DIR-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.95, DIR-UN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.39, DIR-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
5.2 History
The dividend of DIR-UN has a limited annual growth rate of 3.03%.
DIR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
DIR-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.03%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
DIR-UN pays out 65.95% of its income as dividend. This is not a sustainable payout ratio.
DIR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.95%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (11/7/2025, 7:00:00 PM)
12.4
+0.01 (+0.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners29.82%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap3.54B
Revenue(TTM)482.30M
Net Income(TTM)217.56M
Analysts81.43
Price Target14.2 (14.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
Yearly Dividend0.49
Dividend Growth(5Y)3.03%
DP65.95%
Div Incr Years1
Div Non Decr Years12
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)1.09%
PT rev (3m)2.98%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-19.81%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.53 | ||
| Fwd PE | 11.37 | ||
| P/S | 7.34 | ||
| P/FCF | 11.03 | ||
| P/OCF | 11.03 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.75
EY6.05%
EPS(NY)1.09
Fwd EY8.8%
FCF(TTM)1.12
FCFY9.07%
OCF(TTM)1.12
OCFY9.07%
SpS1.69
BVpS16.77
TBVpS16.77
PEG (NY)1.59
PEG (5Y)N/A
Graham Number16.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 4.55% | ||
| ROCE | 4.36% | ||
| ROIC | 3.14% | ||
| ROICexc | 3.16% | ||
| ROICexgc | 3.16% | ||
| OM | 66.37% | ||
| PM (TTM) | 45.11% | ||
| GM | 76.37% | ||
| FCFM | 66.53% |
ROA(3y)4.74%
ROA(5y)5.99%
ROE(3y)7.87%
ROE(5y)10.3%
ROIC(3y)2.81%
ROIC(5y)2.7%
ROICexc(3y)2.84%
ROICexc(5y)2.78%
ROICexgc(3y)2.84%
ROICexgc(5y)2.78%
ROCE(3y)3.91%
ROCE(5y)3.75%
ROICexgc growth 3Y12.88%
ROICexgc growth 5Y-1.14%
ROICexc growth 3Y12.88%
ROICexc growth 5Y-1.14%
OM growth 3Y2.22%
OM growth 5Y2.97%
PM growth 3Y-35.75%
PM growth 5Y-9.53%
GM growth 3Y0.46%
GM growth 5Y1.38%
F-Score7
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 9.34 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 4.56 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 147.49% | ||
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 | ||
| Altman-Z | 0.88 |
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)144.93%
Profit Quality(5y)106.14%
High Growth Momentum
Growth
EPS 1Y (TTM)20.32%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%-25.26%
EPS Next Y10.39%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)7.13%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.05%
Revenue Next Year8.59%
Revenue Next 2Y8.83%
Revenue Next 3Y8.96%
Revenue Next 5YN/A
EBIT growth 1Y8.44%
EBIT growth 3Y19.77%
EBIT growth 5Y22.54%
EBIT Next Year18.64%
EBIT Next 3Y11.83%
EBIT Next 5YN/A
FCF growth 1Y25.06%
FCF growth 3Y19.32%
FCF growth 5Y19.83%
OCF growth 1Y25.06%
OCF growth 3Y19.32%
OCF growth 5Y19.81%
DREAM INDUSTRIAL REAL ESTATE / DIR-UN.CA FAQ
What is the ChartMill fundamental rating of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to DIR-UN.CA.
Can you provide the valuation status for DREAM INDUSTRIAL REAL ESTATE?
ChartMill assigns a valuation rating of 5 / 10 to DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA). This can be considered as Fairly Valued.
How profitable is DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) stock?
DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for DIR-UN stock?
The Price/Earnings (PE) ratio for DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) is 16.53 and the Price/Book (PB) ratio is 0.74.
What is the earnings growth outlook for DREAM INDUSTRIAL REAL ESTATE?
The Earnings per Share (EPS) of DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) is expected to grow by 10.39% in the next year.