DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST Financials Dream Industrial Real Estate Investment Trust
Equities
DIR.UN
CA26153W1095
Commercial REITs
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.03 CAD | -0.84% |
|
-0.23% | -6.66% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,761 | 2,008 | 3,990 | 2,996 | 3,810 | 3,581 | - | - |
| Enterprise Value (EV) 1 | 1,761 | 2,008 | 3,990 | 5,326 | 3,810 | 6,442 | 6,347 | 3,581 |
| P/E ratio | - | - | - | - | - | 12.8 x | 12 x | - |
| Yield | 5.33% | 5.32% | 4.06% | 5.99% | - | 5.37% | 5.37% | - |
| Capitalization / Revenue | 9.01 x | 8.51 x | 13.8 x | 8.11 x | 8.71 x | 7.61 x | 6.82 x | 6.3 x |
| EV / Revenue | 9.01 x | 8.51 x | 13.8 x | 14.4 x | 8.71 x | 13.7 x | 12.1 x | 6.3 x |
| EV / EBITDA | 13.9 x | 13.2 x | 20.5 x | 21.2 x | 12.6 x | 19.1 x | 16.8 x | - |
| EV / FCF | - | 15.7 x | 31.1 x | 75.2 x | - | -403 x | -73 x | - |
| FCF Yield | - | 6.37% | 3.21% | 1.33% | - | -0.25% | -1.37% | - |
| Price to Book | 1.28 x | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 133,981 | 152,679 | 231,711 | 256,327 | 272,895 | 274,847 | - | - |
| Reference price 2 | 13.14 | 13.15 | 17.22 | 11.69 | 13.96 | 13.03 | 13.03 | 13.03 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/15/22 | 2/14/23 | 2/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 195.3 | 235.9 | 289.8 | 369.6 | 437.6 | 470.4 | 525.3 | 568.9 |
| EBITDA 1 | 127 | 152 | 195.1 | 251.3 | 302 | 337.4 | 377.4 | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 208.8 | - | - | 103.1 | 267.5 | 276.5 | 285.5 |
| Net income 1 | 179.4 | 200.1 | 608.3 | 705.9 | 104.3 | 280.2 | 301.7 | 283.9 |
| Net margin | 91.86% | 84.82% | 209.91% | 191% | 23.83% | 59.57% | 57.43% | 49.9% |
| EPS 2 | - | - | - | - | - | 1.020 | 1.090 | - |
| Free Cash Flow 1 | - | 128 | 128.1 | 70.78 | - | -16 | -87 | - |
| FCF margin | - | 54.23% | 44.21% | 19.15% | - | -3.4% | -16.56% | - |
| FCF Conversion (EBITDA) | - | 84.18% | 65.68% | 28.16% | - | - | - | - |
| FCF Conversion (Net income) | - | 63.93% | 21.06% | 10.03% | - | - | - | - |
| Dividend per Share 2 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | - | 0.7000 | 0.7000 | - |
| Announcement Date | 2/18/20 | 2/16/21 | 2/15/22 | 2/14/23 | 2/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | 106.8 | - | - | 110.9 | 114.6 | 115.6 | 117.4 | 121 | 125.2 | 128.2 |
| EBITDA 1 | 53.78 | 58.34 | 61.37 | 64.58 | 67.04 | 73.89 | 74.9 | 76.45 | 76.8 | 77.63 | 80.99 | 84.17 | 86.59 | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | -13.17 | 79.35 | 60.5 | 63.2 | 64.4 | 65.8 | 68.5 |
| Net income 1 | - | - | - | - | - | -17.73 | - | - | -8.817 | 74.58 | 60.2 | 62.8 | 64.1 | 65.5 | 68.2 |
| Net margin | - | - | - | - | - | -16.6% | - | - | -7.95% | 65.08% | 52.08% | 53.49% | 52.98% | 52.32% | 53.2% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/15/22 | 5/3/22 | 8/2/22 | 11/2/22 | 2/14/23 | 5/2/23 | 8/1/23 | 11/7/23 | 2/13/24 | 5/7/24 | - | - | - | - | - |
1CAD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 2,329 | - | 2,861 | 2,766 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 9.268 x | - | 8.479 x | 7.328 x | - |
| Free Cash Flow 1 | - | 128 | 128 | 70.8 | - | -16 | -87 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | 10.30 | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 11.4 | 7.13 | - | - | - | - | - | - |
| Capex / Sales | 5.84% | 3.02% | - | - | - | - | - | - |
| Announcement Date | 2/18/20 | 2/16/21 | 2/15/22 | 2/14/23 | 2/13/24 | - | - | - |
1CAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
13.03
CAD
Average target price
15.8
CAD
Spread / Average Target
+21.22%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.66% | 2.63B | |
| -16.35% | 103B | |
| +35.77% | 43.61B | |
| -17.38% | 10.08B | |
| -9.60% | 7.97B | |
| -16.12% | 7.21B | |
| -7.34% | 6.62B | |
| -8.75% | 6.36B | |
| -7.29% | 5.62B | |
| -14.80% | 5.47B |
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- Financials Dream Industrial Real Estate Investment Trust
