The earnings call reflects a mixed sentiment with notable progress in leasing and project advancements, yet offset by challenges such as increased net loss and stagnant same-property NOI. While there are significant achievements in project stabilization and debt management, the financial pressures and market conditions present ongoing challenges.

Company Guidance

During the Dream Impact Trust Third Quarter Conference Call held on November 4, 2025, management provided an update on their progress and financial performance. The Trust recognized a net loss of $10.3 million in Q3 2025, compared to a net loss of $7.6 million in the prior year, attributed partly to deferred tax recoveries and condo occupancies. Occupancy remained stable at 95%, with same-property net operating income (NOI) consistent at $1.7 million. For assets in lease-up, leasing performance improved, with occupancy increasing to approximately 9% from 75% in the previous quarter. The Trust completed closings for nearly 400 units at Brightwater over the past 12 months, with construction underway at Cherry House and Odenak, expected to bring nearly 1,500 units to market over the next two years. Debt management included reducing outstanding debt by $119 million, with significant progress on extending land loans and construction loan repayments. The Trust aims to have about 90% of its portfolio as apartments by 2030, focusing on stabilizing cash flows and reducing risk.

Increase in Leasing Performance

Leasing performance improved significantly over the third quarter, with assets approximately 9% leased, up from 75% last quarter.

Stabilization of Purpose-Built Rentals

Two buildings are approaching stabilization with significant leasing increases. Once stabilized, loans will become nonrecourse, marking a substantial accomplishment.

Progress at 49 Ontario and Quayside

Construction started at 49 Ontario with expectations to finalize CMHC debt soon. Quayside is advancing, with construction expected to start in the second half of next year.

Debt Maturity Management

Reduced outstanding debt by over $119 million, including extensions for $84 million of land loans without repayment.

Dream Impact Trust (TSE:MPCT.UN) 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

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TSE:MPCT.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 24, 2026	2025 (Q4)	-0.09 / -	-0.46	―	―	―
Nov 03, 2025	2025 (Q3)	-0.13 / -0.56	-0.42	-33.33% (-0.14)	―	―
Aug 05, 2025	2025 (Q2)	-0.17 / -0.90	-0.27	-233.33% (-0.63)	―	―
May 05, 2025	2025 (Q1)	0.03 / -0.21	-0.31	32.26% (+0.10)	―	―
Feb 18, 2025	2024 (Q4)	-0.14 / -0.46	-1.13	59.29% (+0.67)	―	―
Nov 04, 2024	2024 (Q3)	-0.15 / -0.42	-0.72	41.67% (+0.30)	―	―
Aug 06, 2024	2024 (Q2)	0.01 / -0.27	-0.51	47.06% (+0.24)	―	―
May 06, 2024	2024 (Q1)	-0.13 / -0.31	-0.2	-55.00% (-0.11)	―	―
Feb 12, 2024	2023 (Q4)	<0.01 / -1.13	-2.68	57.84% (+1.55)	―	―
Nov 06, 2023	2023 (Q3)	-0.18 / -0.72	0.04	-1900.00% (-0.76)	―	―

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

TSE:MPCT.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 03, 2025	C$1.54	C$1.54	0.00%
Aug 05, 2025	C$2.18	C$1.85	-15.14%
May 05, 2025	C$2.73	C$2.92	+6.96%
Feb 18, 2025	C$2.99	C$3.06	+2.34%

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 Impact Trust (TSE:MPCT.UN) report earnings?

Dream Impact Trust (TSE:MPCT.UN) is schdueled to report earning on Feb 24, 2026, TBA (Confirmed).

What is Dream Impact Trust (TSE:MPCT.UN) earnings time?

Dream Impact Trust (TSE:MPCT.UN) earnings time is at Feb 24, 2026, 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 TSE:MPCT.UN EPS forecast?

TSE:MPCT.UN EPS forecast for the fiscal quarter 2025 (Q4) is -0.09.

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