DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - TSX:DIR-UN - CA26153W1095 - REIT
12.48 CAD
+0.52 (+4.35%)
Taking everything into account, DIR-UN scores 5 out of 10 in our fundamental rating. DIR-UN was compared to 38 industry peers in the Diversified REITs industry. DIR-UN has an excellent profitability rating, but there are concerns on its financial health. DIR-UN is not valued too expensively and it also shows a decent growth rate. DIR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
DIR-UN had positive earnings in the past year.
DIR-UN had a positive operating cash flow in the past year.
Each year in the past 5 years DIR-UN has been profitable.
In the past 5 years DIR-UN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.63%, DIR-UN belongs to the top of the industry, outperforming 81.58% of the companies in the same industry.
DIR-UN's Return On Equity of 4.55% is fine compared to the rest of the industry. DIR-UN outperforms 71.05% of its industry peers.
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 3 year average ROIC (2.81%) for DIR-UN is below the current ROIC(3.14%), indicating increased profibility in the last year.
| 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 has a better Profit Margin (45.11%) than 94.74% of its industry peers.
DIR-UN's Profit Margin has declined in the last couple of years.
DIR-UN has a Operating Margin of 66.37%. This is amongst the best in the industry. DIR-UN outperforms 94.74% of its industry peers.
DIR-UN's Operating Margin has improved in the last couple of years.
DIR-UN has a better Gross Margin (76.37%) than 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.
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.
2.2 Solvency
Based on the Altman-Z score of 0.86, we must say that DIR-UN is in the distress zone and has some risk of bankruptcy.
DIR-UN has a better Altman-Z score (0.86) 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.
Looking at the Debt to FCF ratio, with a value of 9.34, DIR-UN belongs to the top 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.
With an excellent Debt to Equity ratio value of 0.49, DIR-UN belongs to the best of the industry, outperforming 92.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 9.34 | ||
| Altman-Z | 0.86 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.09 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN's Current 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.
A Quick Ratio of 0.09 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN has a Quick ratio of 0.09. This is in the lower half of the industry: DIR-UN underperforms 76.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
DIR-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.32%, which is quite impressive.
DIR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.45% yearly.
The Revenue has been growing slightly by 7.13% in the past year.
DIR-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.01% yearly.
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.
The Revenue is expected to grow by 8.96% on average over the next years. This is quite good.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.64, the valuation of DIR-UN can be described as correct.
DIR-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. DIR-UN is cheaper than 76.32% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.13. DIR-UN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 11.44, which indicates a very decent valuation of DIR-UN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DIR-UN indicates a somewhat cheap valuation: DIR-UN is cheaper than 78.95% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of DIR-UN to the average of the S&P500 Index (22.35), we can say DIR-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.64 | ||
| Fwd PE | 11.44 |
4.2 Price Multiples
DIR-UN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.1 | ||
| 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)1.6
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.
DIR-UN's Dividend Yield is slightly below the industry average, which is at 7.95.
DIR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| 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 their dividend for at least 10 years, which is a reliable track record.
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.
The dividend of DIR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.95%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (11/5/2025, 7:00:00 PM)
12.48
+0.52 (+4.35%)
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 Cap3.56B
Revenue(TTM)482.30M
Net Income(TTM)217.56M
Analysts81.43
Price Target14.2 (13.78%)
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 | 16.64 | ||
| Fwd PE | 11.44 | ||
| P/S | 7.38 | ||
| P/FCF | 11.1 | ||
| P/OCF | 11.1 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.75
EY6.01%
EPS(NY)1.09
Fwd EY8.74%
FCF(TTM)1.12
FCFY9.01%
OCF(TTM)1.12
OCFY9.01%
SpS1.69
BVpS16.77
TBVpS16.77
PEG (NY)1.6
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 | 0.86 |
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 16.64 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.