Professional
Added to YB: 2025-06-03
Pitch date: 2025-06-01
DRM.TO [bullish]
Dream Unlimited Corp.
-4.37%
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 Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada.
Market Cap
CAD 800.7M
Pitch Price
CAD 18.14
Price Target
N/A
Dividend
3.43%
EV/EBITDA
24.40
P/E
4.82
EV/Sales
4.89
Sector
Real Estate Management and Development
Category
value
NCP Real Estate Portfolio Update - New Position: Dream Unlimited Corp.
DRM.TO (new position): Trading at 30% of NAV, 60% of book value; Deep value play w/ 8,700 acres valued at $56k/acre consistently selling higher. Strong western Canada demand continues while East slows. 1,434 new rental units coming online. Special dividend (4%) issued after $110M ski hill sale. Potential catalyst: Dream Residential sale shows mgmt addressing NAV gap.
Read full article (5 min)