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An update from DREAM Un Cl A ( (TSE:DRM) ) is now available.
Dream Unlimited Corp. and CentreCourt Developments have announced a joint venture to develop a mixed-income rental community at 49 Ontario St. in downtown Toronto, addressing the city’s urgent housing needs. The project will include 1,226 multi-family units, with 22% designated as affordable housing, supported by significant government financing and development charge waivers. This collaboration marks a significant expansion of their partnership into purpose-built rental developments, leveraging CentreCourt’s construction efficiency and Dream’s expertise in public-private partnerships.
The most recent analyst rating on (TSE:DRM) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on DREAM Un Cl A stock, see the TSE:DRM Stock Forecast page.
Spark’s Take on TSE:DRM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DRM is a Outperform.
DREAM Un Cl A’s strong valuation metrics, including a low P/E ratio and high dividend yield, are significant positives. Corporate events further bolster confidence with strategic growth initiatives and shareholder-friendly actions. However, financial performance concerns, such as declining revenue and cash flow constraints, temper the overall score. Technical indicators suggest a neutral market sentiment, neither strongly bullish nor bearish.
To see Spark’s full report on TSE:DRM stock, click here.
More about DREAM Un Cl A
Dream Unlimited is a leading developer of office and residential assets in Toronto, with a presence in both Canada and the U.S. They manage $28 billion in assets across various trusts and partnerships, and are known for their innovative investment strategies. CentreCourt is a real estate development firm specializing in high-rise condominium and purpose-built rental communities in the Greater Toronto Area, known for its efficiency and high-quality developments.
Average Trading Volume: 23,791
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$887M
Find detailed analytics on DRM stock on TipRanks’ Stock Analysis page.