Dream Office Real Estate Investment Trst (TSE:D.UN) Posts 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) earnings per share for the quarter, FiscalAI reports. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. The company had revenue of C$46.59 million during the quarter.

Dream Office Real Estate Investment Trst Trading Down 0.4%

D.UN traded down C$0.08 during trading on Thursday, reaching C$18.07. 23,701 shares of the stock traded hands, compared to its average volume of 25,634. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The stock has a market capitalization of C$296.28 million, a PE ratio of -3.00 and a beta of 1.42. The stock’s 50-day moving average is C$18.29 and its 200 day moving average is C$17.63. Dream Office Real Estate Investment Trst has a 12 month low of C$15.35 and a 12 month high of C$21.59.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on D.UN. TD lifted their price objective on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. National Bank Financial decreased their target price on shares of 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 report on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$19.67.

About Dream Office Real Estate Investment Trst

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.