Dream Residential Real Estate Investment Trust (T:DRR.U)
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: | N/A |
| IR: | N/A |
| Key People | ||
| Vicky Schiff Independent Chairman of Board of Trustees | P. Jane Gavan Chief Executive Officer, Trustee | Derrick Lau Chief Financial Officer | Scott Schoeman Chief Operating Officer |
| Business Overview |
| Dream Residential Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. The REIT owns a portfolio of approximately 15 investment properties consisting of 3,300 units total. The REIT's portfolio includes Mansions at Riverside, Ashton Glen, The Morgan, Aspen Village, Colt's Crossing, Rochelle Plaza, Maple Oaks, Council Crossing, Winchester Run, The Commons, Carriage Court, Commons at Kettering, Oak Place, Ascent at Lake Worth, and Creekwood Place. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Dream Residential Real Estate Invst Trst revenues increased 94% to $24.9M. Net loss totaled $14.8M vs. income of $112.8M. Revenues reflect Investment properties revenue increase of 63% to $47.6M. Net loss reflects FV Adjustments on Investment Property decrease from $47.7M (income) to $25.8M (expense), FV Adjustments of Financial Investments decrease of 100% to $259K (income). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $275.82M as of Dec 31, 2023 |
| Annual revenue (TTM): | $24.85M as of Dec 31, 2023 |
| EBITDA (TTM): | $21.39M as of Dec 31, 2023 |
| Net annual income (TTM): | -$14.85M as of Dec 31, 2023 |
| Free cash flow (TTM): | $15.94M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $174.02M as of Dec 31, 2023 |
| Shares outstanding: | 15,931,413 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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