Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
Company Contact | |
Address: | 30 Adelaide Street East, Suite 301 TORONTO ON M5C 3H1 |
Tel: | N/A |
Website: | www.dream.ca |
IR: | See website |
Key People | ||
Michael J. Cooper President, Chief Responsible Officer, Non-Independent Director | Robert Hughes General Counsel, Corporate Secretary | Deborah J. Starkman Chief Financial Officer |
Jason Lester Vice Chairman - Development | Jay Jiang Executive Vice President - Corporate Development and Strategy | Brian Daniel Pauls Executive Vice President - Industrial |
Gordon Wadley Executive Vice President - Commercial Properties | Alexander Sannikov Senior Vice President - Industrial | Bruce Traversy Senior Vice President - Industrial | Meaghan Peloso Chief Accounting Officer, Vice President |
Business Overview |
Dream Unlimited Corp. is a Canada-based company, through its wholly owned subsidiary, Dream Asset Management Corporation, is a developer of office and residential assets in Toronto, owns assets in both Canada and the United States, and has an asset management business, inclusive of assets under management across four Toronto Stock Exchange listed trusts, its private asset management business and numerous partnerships. The Company develops land, residential and assets in Western Canada. Its segment includes recurring income and development. The Company has asset management and development management agreements with Dream Industrial REIT, Dream Residential REIT and various development partners. It is engaged in mixed-use developments in the Greater Toronto Area and National Capital Region, land, housing, retail/commercial, hospitality asset and multi-family rental developments in Saskatchewan and Alberta. Its projects include Distillery District, 262 Jarvis, Weston Common and 70 Park. |
Financial Overview |
For the fiscal year ended 31 December 2023, DREAM Unlimited Corp revenues increased 13% to C$386.9M. Net loss totaled C$117.1M vs. income of C$164.4M. Revenues reflect Recurring income segment increase of 27% to C$213.3M. Net loss reflects Share of earnings or loss from equity a decrease from C$56.1M (income) to C$165.3M (expense), Fair value changes in investment propert decrease from C$31.2M (income) to C$57.3M (expense). |
Employees: | 263 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2,548M as of Dec 31, 2023 |
Annual revenue (TTM): | $386.95M as of Dec 31, 2023 |
EBITDA (TTM): | $62.83M as of Dec 31, 2023 |
Net annual income (TTM): | -$117.08M as of Dec 31, 2023 |
Free cash flow (TTM): | -$114.71M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,760M as of Dec 31, 2023 |
Shares outstanding: | 42,152,611 as of Mar 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |