Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

DRR.UN is a small-cap REITs focusing on residential properties, and is now trading at 8.2x times' Forward P/E. The company owns a portfolio of properties with a high occupancy level of 98%. Trading at a meaningful discount to NAV of $17. In the last few years, the company managed to grow distributions per share and NAV per share at attractive rates. Having said that, the balance sheet is highly leveraged, net debt to adjusted EBITDA is around 9.0x, and available liquidity is around $243M. However, the total debt service requirement amount for the remainder of 2023 is $131M, and 2024 is around $350M. The company's small size and leverage add significant risks if the economy/fundamentals were to falter.  Payout ratio (12 months). As a new small public company, in a higher interest rate environment, we think investors can wait and watch this one and see how it performs as a public entity. We think buyers have time here. 
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Newer REIT. Apartment buildings in the US. Rents are lower, assets are older. Small. Trades at a nice discount. Pretty attractive cap rate of 7.7%. Other REITs are larger, more liquid, with more institutional-quality real estate. Decent hold, but better opportunities elsewhere.

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Dream Residential REIT(DRR.UN-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 Residential REIT 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 Residential REIT(DRR.UN-T) Frequently Asked Questions

What is Dream Residential REIT stock symbol?

Dream Residential REIT is a OTC stock, trading under the symbol DRR.UN-T on the (). It is usually referred to as or DRR.UN-T

Is Dream Residential REIT a buy or a sell?

In the last year, 2 stock analysts published opinions about DRR.UN-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 Residential REIT.

Is Dream Residential REIT a good investment or a top pick?

Dream Residential REIT was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Dream Residential REIT.

Why is Dream Residential REIT 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 Residential REIT worth watching?

In the last year, there was no coverage of Dream Residential REIT published on Stockchase.

What is Dream Residential REIT stock price?

On , Dream Residential REIT (DRR.UN-T) stock closed at a price of $.