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 |