Professional
Added to YB: 2025-05-20
Pitch date: 2025-05-16
DRR-U.TO [bullish]
Dream Residential Real Estate Investment Trust
+23.16%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Dream Residential Real Estate Investment Trust (“Dream Residential REIT” or the “REIT”) is an unincorporated, open-ended real estate investment trust established on February 24, 2022 pursuant to the REIT’s Declaration of Trust under the laws of the Province of Ontario.
Market Cap
CAD 107.1M
Pitch Price
CAD 12.22
Price Target
13.39 (-11%)
Dividend
4.56%
EV/EBITDA
N/A
P/E
-29.37
EV/Sales
9.64
Sector
Residential REITs
Category
value
Favorite Canadian REITs for 2H 2025 - Dream Residential Real Estate Investment Trust
DRR-U.TO: Trading at ~8% implied cap rate vs peers at 5%. Q1 showed steady ops with modest SPNOI growth in Sunbelt region. Strategic review underway with TD Bank. BSR REIT sold similar properties at ~5% cap rates. 40% upside to $13.39 NAV per CEO. 4.8% yield while awaiting likely liquidation in 2025.
Read full article (2 min)