Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
DRR-U.TO [neutral]
Dream Residential Real Estate Investment Trust
+19.85%
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 pursuant to the REIT’s Declaration of Trust under the laws of the Province of Ontario.
Market Cap
CAD 171.1M
Pitch Price
CAD 12.56
Price Target
13.34 (-11%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.92
EV/Sales
12.43
Sector
Residential REITs
Category
value
Elevator thoughts on NCP's REITs - Dream Residential Real Estate Investment Trust
DRR-U.TO (update): Best performing TSX REIT (+45% YTD) still trading at ~$4 discount to IFRS NAV ($13.34). 5.8% cap rate valuation realistic for TX/OK assets. Q2 saw +180bps occupancy gain. Strategic review ongoing (6 months in); no call likely due to blackout. Author's largest position with buys up to $9.05.
Read full article (1 min)