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

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

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE D.UN opened at C$18.65 on Friday. Dream Office Real Estate Investment Trst has a fifty-two week low of C$15.35 and a fifty-two week high of C$21.59. The company has a market cap of C$305.79 million, a PE ratio of -3.10 and a beta of 1.42. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.15 and a current ratio of 0.08. The business has a 50-day simple moving average of C$18.33 and a two-hundred day simple moving average of C$17.63.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on D.UN shares. National Bank Financial lowered their price target on shares of Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. TD boosted their price objective 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 note on Tuesday, May 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.