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Dream Office Real Estate Investment (TSE:D.UN)
TSX:D.UN
Holding TSE:D.UN?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-2.21Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -16.29%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call revealed a mixed performance for Dream Office REIT. While there are notable achievements such as increased funds from operations and strong leasing activity, there are also significant challenges including a decline in net asset value, high construction costs, and a challenging lending environment due to rising interest rates. The office market's erratic nature post-COVID and the ongoing uncertainty about space usage by tenants also weigh heavily on the company's outlook.Company Guidance
During the Dream Office REIT Q2 2024 earnings call, the management provided several key metrics and guidance highlighting the company's performance and future outlook. The company reported a diluted funds from operations (FFO) of CAD 0.76 per unit, marking an 8.7% increase from the previous year. They completed approximately 60 leasing deals covering 360,000 square feet, and anticipate an additional 14 deals for 270,000 square feet, underscoring a market-leading current and committed occupancy rate of nearly 88% in Downtown assets. Despite the challenges posed by a rise in interest rates and an erratic office market, Dream Office REIT has proactively addressed debt maturities, including a significant CAD 225 million mortgage at Adelaide Place. The company remains cautiously optimistic for continued leasing performance, projecting comparative properties net operating income (NOI) growth of 1.2% year-over-year, with an expectation of further occupancy improvements contributing around CAD 7 million to 2025's NOI. Additionally, the management highlighted the completion of major capital projects, forecasting reduced capital expenditure requirements over the next 24 months which should enhance cash flow stability.Increase in Funds from Operations
Diluted funds from operations increased by 8.7% to CAD 0.76 per unit from CAD 0.70 per unit in the second quarter of 2023 after adjusting for the 2-for-1 consolidation of units.
Strong Leasing Activity
Dream Office REIT is on pace with 60 deals for approximately 360,000 square feet this year, and has 14 high probability deals for an additional 270,000 square feet.
Healthy Income Trends
Net rents carrying a healthy spread of 14% higher than expiries with an average weighted average lease term of about 5.5 years.
Proactive Debt Management
Dream Office REIT has addressed nearly all of its near-term debt maturities and completed all major capital projects, forecasting reduced capital requirements for maintenance and CapEx in the next 24 months.
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Dream Office Real Estate Investment (TSE:D.UN) Earnings, Revenues Date & History
TSE:D.UN Earnings History
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
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TSE:D.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$20.91 | C$20.31 | -2.84% |
| Aug 09, 2024 | C$17.38 | C$17.24 | -0.79% |
| May 09, 2024 | C$17.79 | C$17.79 | 0.00% |
| Feb 15, 2024 | C$17.32 | C$15.27 | -11.86% |
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.
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FAQ
When does Dream Office Real Estate Investment (TSE:D.UN) report earnings?
Dream Office Real Estate Investment (TSE:D.UN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Dream Office Real Estate Investment (TSE:D.UN) earnings time?
Dream Office Real Estate Investment (TSE:D.UN) earnings time is at Feb 13, 2025, TBA Not 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 TSE:D.UN EPS forecast?
Currently, no data Available
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