DREAM Unlimited Corp (DRM-T)
TSE:DRM
18.49
0.03
(0.16%) 1d
Financials
Technical Analysis
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This summary was created by AI, based on 1 opinions in the last 12 months.
DREAM Unlimited Corp (DRM-T) has garnered interest for its focus on real estate development, particularly as it seeks to build businesses rather than merely collect rents. Expert reviews indicate a favorable view of the company's leadership, with the CEO recognized for making substantial investments aimed at revitalizing the organization. Additionally, the overall real estate sector is expected to benefit from potential decreases in interest rates, which adds to the positive sentiment. However, one expert expressed concerns regarding liquidity, indicating that the available trading volume was insufficient for their preferred investment size, leading them to select alternative stocks like AP.UN and SRU.UN instead. Overall, while there is enthusiasm surrounding DRM-T, liquidity remains a notable concern for significant investors.
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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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)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)
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.
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.
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.
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DREAM Unlimited Corp(DRM-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
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, 1 stock analyst 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?
1 stock analyst 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 2025-05-06, DREAM Unlimited Corp (DRM-T) stock closed at a price of $18.49.
Likes real estate in general. In particular, likes those that are building their businesses; not the ones that are just collecting rents, paying dividends, and going sideways.
CEO is great and is investing in the company. Turning around. Sector will benefit from lower interest rates. Looked at this one, likes it, but not liquid enough for the size of position he wanted. He bought AP.UN and SRU.UN instead.