TSE:DRM

21.60
0.46 (2.09%) 1d
0

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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

DREAM Unlimited Corp (DRM-T) had a strong Q3 with significant increase in revenue and adjusted funds from operations. The company displayed positive outlook for western Canada development, generating commitments for 2024 and 2025. Despite missing analysts’ EPS estimates, the stock market responded positively with an increase in price following the release. The company holds 8200 apartment units and 13.7 million sq. feet of rental, retail and commercial property, with plans to add another 3000 units over the next four years. The stock trades at 14x earnings and under book value, with a yield of 1.8%. Analysts’ price target is $46.50.

Consensus
Positive
Valuation
Fair Value
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

In Q3, DRM missed analysts’ EPS estimates of $0.19, coming in at $0.09. Revenue was up significantly in Q3 at $132.5M from $55.1M in the year prior driven by increases in recurring revenue. Adjusted funds from operations  showed a large Q3 increase to $0.42 per share compared to the prior year at $0.08. DRM spoke positively regarding outlook for western Canada development which generated commitments for 2024 and 2025 in Q3. DRM displayed a solid Q3 and the markets have responded with price being up following the release.
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REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick May 04/23, Down 16.5%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with DRM has triggered its stop at $18. To remain disciplined, we recommend covering the position at this time. 

REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

DRM holds 8200 apartment units and 13.7 million sq. feet of rental, retail and commercial property under its umbrella of various Dream REIT holdings.  Most recent annual earnings showed a 53% increase in EPS aided by a growth in net margins.  They plan to add another 3000 units over the next four years.  It trades at 14x earnings and under book value.  We recommend a stop-loss at $18, looking to achieve $36 -- upside potential over 60%.  Yield 1.8%  

(Analysts’ price target is $46.50)
REAL ESTATE
TOP PICK

Blackstone took over Dream Global, and DRM got a large cheque out of it in their holdings and asset management contract. They've since done a large issuer bid that that the biggest shareholder, the CEO, tendered into below NAV. So, the NAV has grown. DRM will benefit from lower interest rates. (Analysts’ price target is $14.00)

REAL ESTATE
BUY
Dream Global REIT Dream Global REIT was sold in September to Blackstone. A fee was paid to Dream Unlimited in this sale, so the stock spiked. This cash gives DRM the chance to buyback more stock. You can still make money here, though it's moved up.
REAL ESTATE
WATCH

Dream is more real estate focused. They are challenged. It is a matter of timing. If people start to think things are stabilizing in Western Canada, then this one will thrive.

REAL ESTATE
WATCH

He likes it over the long term. They are one of the largest land owners and developers in Saskatchewan. They are also active in Alberta. It is very discounted in the market today. They acknowledged that conditions going forward will be tough. He watches it closely. There is no particular catalyst in the near term.

REAL ESTATE
BUY

Land development company that also has a homebuilding business and builds condominiums. Their claim to fame has been, many years ago, going into provinces like Saskatchewan, Alberta and Manitoba, getting a very low land cost base and gradually developing it over time. Thinks the stock has been far too beat up and near term prospects are very good. Has come off because of worries about real estate in Western Canada. Represents really good value here. He has been buying over the last 3-4 weeks.

REAL ESTATE
COMMENT

Should one buy Dream, which pays no dividend and has dropped significantly in value or just buy its managed REITs and be happy with the 8% distribution? Really depends on your needs. If you need the
income or happy with the capital gains. This is the asset manager that manages the REITs. It also has a large land and development business in Calgary. Stock has dropped off significantly. Has been an under performer because home sales in Western Canada, especially in Saskatchewan and Calgary, have been disappointing so far. If you are talking long-term, this is the land in Western Canada for housing and he is sure you are going to be very fine. He could see some potential in this. It is below NAV and could stay that way for some time.

REAL ESTATE
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DREAM Unlimited Corp(DRM-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for DREAM Unlimited Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

DREAM Unlimited Corp(DRM-T) Frequently Asked Questions

What is DREAM Unlimited Corp stock symbol?

DREAM Unlimited Corp is a Canadian stock, trading under the symbol DRM-T on the Toronto Stock Exchange (DRM-CT). It is usually referred to as TSX:DRM or DRM-T

Is DREAM Unlimited Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about DRM-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for DREAM Unlimited Corp.

Is DREAM Unlimited Corp a good investment or a top pick?

DREAM Unlimited Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for DREAM Unlimited Corp.

Why is DREAM Unlimited Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is DREAM Unlimited Corp worth watching?

2 stock analysts on Stockchase covered DREAM Unlimited Corp In the last year. It is a trending stock that is worth watching.

What is DREAM Unlimited Corp stock price?

On 2024-07-23, DREAM Unlimited Corp (DRM-T) stock closed at a price of $21.6.