Professional
Added to YB: 2025-02-26
Pitch date: 2025-02-24
DRR-U.TO [bullish]
Dream Residential Real Estate Investment Trust
+38.64%
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 7.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.92
EV/Sales
12.43
Sector
Residential REITs
Category
special_situation
NCP pick: Dream Residential (TSX: DRR.U/DRR.UN)
DRR-U.TO: Strategic review announced. Trading at 9.7% cap rate vs 5-6% market rate for US multifamily. 46% discount to IFRS NAV ($13.39). CEO confident in NAV, exploring asset sales. Reminiscent of ERE.UN's successful liquidation. Potential for significant upside through private market sales. 6% yield while waiting. Strong buy into low $8s.
Read full article (5 min)