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Dream Impact Trust (TSE:MPCT.UN)
TSX:MPCT.UN
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.27Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 5.86%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of strategic progress in debt management and development projects, alongside challenges in commercial property performance and market conditions affecting project launches. Improvements in financial metrics and successful asset sales are positive, yet offset by difficulties in the office market and occupancy concerns.Company Guidance
During the Q3 2024 earnings call for Dream Impact Trust, key financial metrics and strategic guidance were discussed. The Trust ended the quarter with $23.8 million in cash and net proceeds of $30.1 million from asset sales, which were used to repay a $7 million credit facility balance. Despite a net loss of $7.6 million, this marked an improvement from the $12.4 million loss in the previous year, influenced by fair value adjustments and transaction costs. The Trust successfully extended approximately $130 million of current debt and is working on $25 million of 2024 maturities, with $320 million due in 2025. In terms of recurring income, same property NOI from multi-family rental assets increased to $1.7 million, driven by rent growth and lower operating expenses. The commercial asset portfolio saw a decline in NOI to $2.2 million, mainly due to asset sales and lease terminations. The Trust also highlighted significant development activities, including the completion of condo occupancies at Brightwater and the launch of Birch House leasing. Looking ahead, the Trust anticipates substantial NOI growth from lease-ups in multi-family projects and is actively managing its capital commitments to support future development initiatives.Debt Management and Financing Progress
Successfully obtained extensions for approximately $130 million of current debt and working on extending $195 million of debt for 2025. Only $25 million in maturities remain for 2024, which are being addressed.
Improved Financial Performance
Net loss decreased to $7.6 million from $12.4 million in the same period last year, driven by fair value adjustments and a deferred income tax recovery position.
Sale of Assets
Closed on the sale of 10 Lower Spadina and 349 Carlaw for net proceeds of $30.1 million, immediately repaying $7 million on the Trust's credit facility.
Residential Developments and Leasing
Continued progress on Brightwater, Canary Landing, and other residential projects with significant condo occupancies achieved and lease-up phases underway.
Interest Savings
Expected annual savings of $4.5 million due to interest rate cuts in Canada and the U.S.
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TSE:MPCT.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:MPCT.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | C$2.73 | C$2.92 | +6.96% |
Feb 18, 2025 | C$2.99 | C$3.06 | +2.34% |
Nov 04, 2024 | C$4.01 | C$4.07 | +1.50% |
Aug 06, 2024 | C$3.55 | C$3.40 | -4.23% |
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 Impact Trust (TSE:MPCT.UN) report earnings?
Dream Impact Trust (TSE:MPCT.UN) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Dream Impact Trust (TSE:MPCT.UN) earnings time?
Dream Impact Trust (TSE:MPCT.UN) earnings time is at Aug 12, 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:MPCT.UN EPS forecast?
TSE:MPCT.UN EPS forecast for the fiscal quarter 2025 (Q2) is -0.17.
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