Added to YB: 2025-03-18
Pitch date: 2025-03-15
DRR-U.TO [bullish]
Dream Residential Real Estate Investment Trust
+32.87%
current return
Author Info
No bio for this author
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 8.07
Price Target
11.00 (+3%)
Dividend
4.56%
EV/EBITDA
N/A
P/E
-29.37
EV/Sales
9.64
Sector
Residential REITs
Category
special_situation
It was all a DRReam (DRR.U)
DRR-U.TO: Strategic review of sub-scale US apt REIT likely to result in M&A/liquidation. $8.25/share (8.3% cap, $92k/unit) vs. $11 liquidation value (6.6% cap, $110k/unit). 20-40% IRR potential. Risks: self-dealing, limited buyers, market worsening. Catalysts: falling supply, lower financing costs. 21.3% insider ownership.
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