Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
DRR-U.TO [neutral]
Dream Residential Real Estate Investment Trust
+25.25%
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 8.56
Price Target
13.00 (+21%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.92
EV/Sales
12.43
Sector
Residential REITs
Category
special_situation
Reflection on some top real estate ideas - Dream Residential Real Estate Investment Trust
DRR-U.TO (holding update): Trading at 37% discount to NAV ($13.39), 8% cap rate. Strategic review underway, likely sale. Recent BSR REIT sales in similar markets at 5.05% cap rate, 8% premium to NAV. Target $12-$13. Risks: management prioritizing asset management contract over unitholder interests. Edgepoint & Middlefield involvement mitigates risk.
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