Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
Company Contact | |
Address: | 30 Adelaide Street East, Suite 301 Toronto ON M5C 3H1 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Vicky Schiff Independent Chairman of Board of Trustees | P. Jane Gavan Chief Executive Officer, Trustee | Derrick Lau Chief Financial Officer | Scott Schoeman Chief Operating Officer |
Business Overview |
Dream Residential Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. The REIT owns a portfolio of approximately 15 investment properties consisting of 3,300 units total. The REIT's portfolio includes Mansions at Riverside, Ashton Glen, The Morgan, Aspen Village, Colt's Crossing, Rochelle Plaza, Maple Oaks, Council Crossing, Winchester Run, The Commons, Carriage Court, Commons at Kettering, Oak Place, Ascent at Lake Worth, and Creekwood Place. |
Financial Overview |
For the three months ended 31 March 2024, Dream Residential Real Estate Invst Trst revenues decreased 7% to $6.6M. Net income totaled $816K vs. loss of $10.9M. Revenues reflect Investment properties operating expense decrease of 19% to -$5.4M. Net Income reflects FV Adjustments of Financial Investments decrease of 94% to $1M (expense), Interest expense - Class B Units decrease of 31% to $505K (expense). Dividend per share totaled to $0.14. |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $279.80M as of Mar 31, 2024 |
Annual revenue (TTM): | $24.37M as of Mar 31, 2024 |
EBITDA (TTM): | $20.83M as of Mar 31, 2024 |
Net annual income (TTM): | -$3.17M as of Mar 31, 2024 |
Free cash flow (TTM): | $15.20M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $155.04M as of Mar 31, 2024 |
Shares outstanding: | 15,931,413 as of Apr 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |