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Dream Impact Trust (T:MPCT.UN)

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: 1-416-3656339
Website: https://dream.ca
IR: See website
Key People
Michael J. Cooper
President, Chief Responsible Officer, Non-Independent Director
Meaghan Peloso
Chief Financial Officer
 
Business Overview
Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).
Financial Overview
For the fiscal year ended 31 December 2023, Dream Impact Trust revenues increased from -C$28.8M to C$5.5M. Net loss increased 1% to C$44.1M. Revenues reflect Income properties revenue increase of 4% to C$17.7M. Higher net loss reflects Recurring income segment loss totaling C$44.6M vs. income of C$26.6M. Dividend per share decreased from C$1.60 to C$0.72. Basic Earnings per Share excluding Extraordinary Items increased from -C$2.60 to -C$2.57.
Reporting Currency: Canadian Dollars
Enterprise value: $328.70M as of Dec 31, 2023
Annual revenue (TTM): $5.49M as of Dec 31, 2023
EBITDA (TTM): -$1.30M as of Dec 31, 2023
Net annual income (TTM): -$44.14M as of Dec 31, 2023
Free cash flow (TTM): -$30.54M as of Dec 31, 2023
Net Debt Last Fiscal Year: $263.88M as of Dec 31, 2023
Shares outstanding: 17,770,699 as of Mar 11, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization