DREAM INDUSTRIAL REAL ESTATE (DIR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:DIR-UN - CA26153W1095 - REIT
12.42 CAD
-0.04 (-0.32%)
Overall DIR-UN gets a fundamental rating of 5 out of 10. We evaluated DIR-UN against 38 industry peers in the Diversified REITs industry. While DIR-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. DIR-UN has a correct valuation and a medium growth rate. Finally 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.
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
The Return On Assets of DIR-UN (2.95%) is better than 76.32% of its industry peers.
DIR-UN has a better Return On Equity (5.18%) than 63.16% of its industry peers.
DIR-UN has a worse Return On Invested Capital (3.07%) than 73.68% of its industry peers.
DIR-UN had an Average Return On Invested Capital over the past 3 years of 2.81%. This is below the industry average of 5.49%.
The last Return On Invested Capital (3.07%) for DIR-UN is above the 3 year average (2.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.95% | ||
| ROE | 5.18% | ||
| ROIC | 3.07% |
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 (50.71%) than 97.37% of its industry peers.
In the last couple of years the Profit Margin of DIR-UN has declined.
The Operating Margin of DIR-UN (65.13%) is better than 92.11% of its industry peers.
In the last couple of years the Operating Margin of DIR-UN has grown nicely.
DIR-UN has a Gross Margin of 76.46%. This is amongst the best in the industry. DIR-UN outperforms 89.47% of its industry peers.
DIR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.13% | ||
| PM (TTM) | 50.71% | ||
| GM | 76.46% |
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
DIR-UN has an Altman-Z score of 0.86. This is a bad value and indicates that DIR-UN is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.86, DIR-UN belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
The Debt to FCF ratio of DIR-UN is 9.99, which is on the high side as it means it would take DIR-UN, 9.99 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DIR-UN (9.99) is better than 84.21% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that DIR-UN is somewhat dependend on debt financing.
The Debt to Equity ratio of DIR-UN (0.52) is better than 92.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 0.86 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.17 indicates that DIR-UN may have some problems paying its short term obligations.
DIR-UN has a Current ratio (0.17) which is comparable to the rest of the industry.
DIR-UN has a Quick Ratio of 0.17. 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 Quick ratio (0.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
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 74.68%, which is quite impressive.
The Earnings Per Share has been decreasing by -7.45% on average over the past years.
The Revenue has been growing slightly by 7.53% in the past year.
Measured over the past years, DIR-UN shows a quite strong growth in Revenue. The Revenue has been growing by 19.01% on average per year.
EPS 1Y (TTM)74.68%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%227.94%
Revenue 1Y (TTM)7.53%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.39%
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
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
A Price/Earnings ratio of 14.61 indicates a correct valuation of DIR-UN.
Based on the Price/Earnings ratio, DIR-UN is valued a bit cheaper than 71.05% of the companies in the same industry.
DIR-UN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
DIR-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.39.
76.32% of the companies in the same industry are more expensive than DIR-UN, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of DIR-UN to the average of the S&P500 Index (36.21), we can say DIR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.61 | ||
| Fwd PE | 11.39 |
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 | 11.29 | ||
| 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.
A more expensive valuation may be justified as DIR-UN's earnings are expected to grow with 13.64% in the coming years.
PEG (NY)1.41
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.
Compared to an average S&P500 Dividend Yield of 2.32, 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 paid a dividend for at least 10 years, which is 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 57.44% of its income as dividend. This is a bit on the high side, but may be sustainable.
DIR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP57.44%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
TSX:DIR-UN (12/1/2025, 7:00:00 PM)
12.42
-0.04 (-0.32%)
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 Cap3.55B
Revenue(TTM)492.10M
Net Income(TTM)249.55M
Analysts81.43
Price Target14.48 (16.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
Yearly Dividend0.49
Dividend Growth(5Y)3.03%
DP57.44%
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)3.09%
PT rev (3m)3.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.61 | ||
| Fwd PE | 11.39 | ||
| P/S | 7.22 | ||
| P/FCF | 11.29 | ||
| P/OCF | 11.29 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.85
EY6.84%
EPS(NY)1.09
Fwd EY8.78%
FCF(TTM)1.1
FCFY8.85%
OCF(TTM)1.1
OCFY8.85%
SpS1.72
BVpS16.83
TBVpS16.83
PEG (NY)1.41
PEG (5Y)N/A
Graham Number17.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.95% | ||
| ROE | 5.18% | ||
| ROCE | 4.26% | ||
| ROIC | 3.07% | ||
| ROICexc | 3.1% | ||
| ROICexgc | 3.1% | ||
| OM | 65.13% | ||
| PM (TTM) | 50.71% | ||
| GM | 76.46% | ||
| FCFM | 63.93% |
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 | 0.52 | ||
| Debt/FCF | 9.99 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 4.41 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 126.07% | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| 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)74.68%
EPS 3Y-31.68%
EPS 5Y-7.45%
EPS Q2Q%227.94%
EPS Next Y10.39%
EPS Next 2Y18.43%
EPS Next 3Y13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)7.53%
Revenue growth 3Y17.17%
Revenue growth 5Y19.01%
Sales Q2Q%8.39%
Revenue Next Year8.59%
Revenue Next 2Y8.83%
Revenue Next 3Y8.96%
Revenue Next 5YN/A
EBIT growth 1Y6.41%
EBIT growth 3Y19.77%
EBIT growth 5Y22.54%
EBIT Next Year18.64%
EBIT Next 3Y11.83%
EBIT Next 5YN/A
FCF growth 1Y14.8%
FCF growth 3Y19.32%
FCF growth 5Y19.83%
OCF growth 1Y14.8%
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 14.61 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.