Dream Office Real Estate Investment Trst (TSE:D.UN) Issues Earnings Results

Dream Office Real Estate Investment Trst (TSE:D.UN) issued its quarterly earnings results on Thursday. The real estate investment trust reported C($0.38) EPS for the quarter, FiscalAI reports. The firm had revenue of C$46.59 million for the quarter. Dream Office Real Estate Investment Trst had a negative return on equity of 3.21% and a negative net margin of 19.55%.

Dream Office Real Estate Investment Trst Trading Down 0.4%

Shares of Dream Office Real Estate Investment Trst stock opened at C$18.07 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.15 and a debt-to-equity ratio of 115.31. Dream Office Real Estate Investment Trst has a twelve month low of C$15.35 and a twelve month high of C$21.59. The firm has a market capitalization of C$296.28 million, a PE ratio of -3.00 and a beta of 1.42. The firm’s 50-day moving average price is C$18.30 and its 200 day moving average price is C$17.62.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. National Bank Financial reduced their price objective on Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. TD raised their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dream Office Real Estate Investment Trst has an average rating of “Hold” and a consensus price target of C$19.67.

Dream Office Real Estate Investment Trst Company Profile

Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company’s real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid- to long-term lease agreements with tenants.