Canada's Dream Unlimited Q3 revenue rises 20% YoY

DREAM Unlimited

12/11/2025 02:09

Overview

Dream Unlimited's Q3 revenue rises to C$114.6 mln from C$95.7 mln in the year-ago period

Company reports improved net margin driven by higher lot and acre sales in Western Canada

Dream Residential REIT divestiture is expected to generate over C$35 mln for Dream, enhancing liquidity

Outlook

Dream expects strong Q4 driven by lot and acre sales

Company on track to achieve its 2025 targets

Dream Residential REIT divestment expected to close in Q4

Result Drivers

WESTERN CANADA STRENGTH - Net margin from Western Canada development increased to C$11.4 mln from C$7.1 mln YoY, driven by strong sales

ASSET MANAGEMENT GROWTH - Steady base fee growth in asset management with C$28 bln AUM as of Sept. 30, mainly in industrial and residential sectors

IMPROVE RENTAL INCOME - Net operating income from income properties grew on strong leasing activity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$114.58 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Dream Unlimited Corp is C$32.50, about 43.7% above its November 11 closing price of C$18.30

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBw2pmQ30a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)