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DREAM Unlimited Corp. (T:DRM)

Business Focus: Real Estate Rental, Development & Operations (NEC)

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