The earnings call highlighted strong leasing activity and strategic asset repositioning, signaling optimism for future growth. However, challenges such as increased interest expenses and a decline in NAV per unit were also noted. Overall, the sentiment was cautiously optimistic, with positive long-term outlooks surpassing short-term setbacks.

Company Guidance -

Q3 2025

During the Dream Office REIT Second Quarter 2025 Conference Call, management provided guidance on several key metrics illustrating a positive shift in the office space market. They highlighted a significant increase in leasing activity, with about 507,000 square feet leased year-to-date, on track to surpass their best full year of gross leasing in 2023, which was 695,000 square feet. The company also reported an improvement in committed occupancy from 84.2% to 85.3% quarter-over-quarter, despite a marginal decrease in in-place occupancy to 79.2% due to proactive space management for long-term commitments. Additionally, Dream Office REIT's net operating income (NOI) for its highest-grossing asset, Adelaide Place, is projected to rise from $15.8 million in 2024 to $17.8 million by the end of 2025. Financially, they reported diluted funds from operations (FFO) of $0.62 per unit, with a forecasted FFO per unit for 2025 between $2.40 to $2.45. The management expressed optimism, citing improved deal traction, reduced sublease space, and a favorable outlook for net effective rents and occupancy rates over the next 6 to 12 months.

Significant Leasing Progress

Dream Office REIT leased about 507,000 square feet, on track to exceed the best full year of gross leasing in 2023 of 695,000 square feet. Deal velocity is also up with 82 transactions year-to-date, likely surpassing the previous best year of 104 deals in 2024.

Improvement in Net Operating Income (NOI)

Adelaide Place's NOI is expected to increase from $15.8 million in 2024 to $17.8 million by the end of 2025, with a significant increase in committed occupancy to approximately 95%.

Successful Debt Management

Dream Office REIT addressed $741 million of 2025 debt expiries, representing 53% of the REIT’s entire debt stack, and achieved favorable refinancing outcomes.

Asset Repositioning Success

Conversion of an office building in Calgary into residential rental is progressing well, with significant milestones achieved, including securing a loan and a grant from the city of Calgary.

Dream Office Real Estate Investment (DRETF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DRETF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	- / -	-2.85	―	―	―
Aug 07, 2025	2025 (Q2)	- / -1.56	-0.826	-89.37% (-0.74)
May 08, 2025	2025 (Q1)	- / -1.25	0.448	-378.12% (-1.69)	―	―
Feb 20, 2025	2024 (Q4)	- / -0.72	-1.603	55.18% (+0.88)
Nov 07, 2024	2024 (Q3)	- / -2.85	0.512	-656.23% (-3.36)	―	―
Aug 09, 2024	2024 (Q2)	- / -0.83	-1.455	43.24% (+0.63)
May 09, 2024	2024 (Q1)	- / 0.45	0.038	1064.15% (+0.41)	―	―
Feb 15, 2024	2023 (Q4)	- / -1.60	-2.298	30.23% (+0.69)
Nov 09, 2023	2023 (Q3)	- / 0.51	0.769	-33.33% (-0.26)
Aug 03, 2023	2023 (Q2)	- / -1.46	1.803	-180.72% (-3.26)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DRETF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$11.92	$12.00	+0.67%
May 08, 2025	$10.64	$10.67	+0.28%
Feb 20, 2025	$12.70	$12.17	-4.17%
Nov 07, 2024	$14.58	$14.07	-3.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Dream Office Real Estate Investment (DRETF) report earnings?

Dream Office Real Estate Investment (DRETF) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is Dream Office Real Estate Investment (DRETF) earnings time?

Dream Office Real Estate Investment (DRETF) earnings time is at Nov 06, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DRETF EPS forecast?

Currently, no data Available

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