Dream Unlimited (TSE:DRM) Announces Quarterly Earnings Results

Dream Unlimited (TSE:DRM) announced its earnings results on Tuesday. The company reported C$0.69 EPS for the quarter, FiscalAI reports. The business had revenue of C$202.81 million during the quarter. Dream Unlimited had a negative return on equity of 1.59% and a negative net margin of 4.18%.

Here are the key takeaways from Dream Unlimited’s conference call:

• Strong finish to 2025 and shareholder-friendly actions — standalone Q4 net earnings were CAD 56.2M (prior-year included a one-time CAD 157M A Basin gain), the board raised the annual dividend to CAD 0.70 and plans materially larger share buybacks in 2026.
• Asset-management momentum — announced a CAD 2B value-add apartments venture and a CAD 3B industrial JV with CPP, with ~CAD 1.1B invested so far and asset-management revenue growing to CAD 100M in 2025, supporting rising base/transaction fees and potential incentive fees.
• Western Canada development mixed — recorded strong lot/acre activity (including 438 lot sales and a 201-acre JV sale) and has ~CAD 150M of lot/acre sale commitments for 2026–2027, but some sales were delayed into 2026 due to servicing timing.
• Income-properties pipeline will drive NOI growth — ~1,100 multifamily units stabilized/in lease-up and ~950 under construction, with assets expected to grow from ~CAD 1B toward CAD 1.4B and meaningful NOI increases in 2026–2028.
• Liquidity and maturities — ended the quarter with CAD 324M of liquidity and CAD 215M of 2026 maturities (including ~CAD 60M that auto-renews); management is in advanced talks with lenders and will provide updates.

Dream Unlimited Price Performance

TSE:DRM opened at C$21.42 on Wednesday. Dream Unlimited has a 52 week low of C$16.60 and a 52 week high of C$23.36. The stock’s fifty day moving average is C$19.79 and its two-hundred day moving average is C$19.56. The company has a market capitalization of C$903.75 million, a P/E ratio of 11.77 and a beta of 1.25. The company has a quick ratio of 0.67, a current ratio of 5.58 and a debt-to-equity ratio of 135.03.

Dream Unlimited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.1625 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.65 annualized dividend and a yield of 3.0%. Dream Unlimited’s dividend payout ratio (DPR) is 35.03%.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price objective on Dream Unlimited from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$28.00.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.