See more : Gogolook Co., Ltd. (6902.TW) Income Statement Analysis – Financial Results
Complete financial analysis of Dream Office Real Estate Investment Trust (DRETF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Dream Office Real Estate Investment Trust, a leading company in the REIT – Office industry within the Real Estate sector.
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Dream Office Real Estate Investment Trust (DRETF)
About Dream Office Real Estate Investment Trust
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality office properties, primarily in downtown Toronto.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 190.45M | 196.27M | 195.93M | 206.59M | 229.02M | 285.21M | 469.78M | 664.29M | 690.96M | 705.28M | 687.17M | 607.80M | 411.59M | 280.93M | 193.76M | 191.16M | 158.10M | 291.44M | 221.58M | 187.18M | 78.16M | 291.80M | 249.79M | 229.40M | 222.60M | 175.30M | 67.60M | 10.80M |
| Cost of Revenue | 88.11M | 90.15M | 88.80M | 93.64M | 101.44M | 130.24M | 212.12M | 295.71M | 303.45M | 303.77M | 295.67M | 259.25M | 167.51M | 106.95M | 71.13M | 69.74M | 55.60M | 122.15M | 99.54M | 85.31M | 37.38M | 189.00M | 154.35M | 143.29M | 143.70M | 111.80M | 53.50M | 9.30M |
| Gross Profit | 102.34M | 106.12M | 107.13M | 112.94M | 127.58M | 154.97M | 257.66M | 368.58M | 387.51M | 401.51M | 391.50M | 348.55M | 244.07M | 173.98M | 122.63M | 121.42M | 102.50M | 169.29M | 122.04M | 101.87M | 40.79M | 102.80M | 95.43M | 86.10M | 78.90M | 63.50M | 14.10M | 1.50M |
| Gross Profit Ratio | 53.73% | 54.07% | 54.68% | 54.67% | 55.71% | 54.33% | 54.85% | 55.48% | 56.08% | 56.93% | 56.97% | 57.35% | 59.30% | 61.93% | 63.29% | 63.52% | 64.83% | 58.09% | 55.08% | 54.43% | 52.18% | 35.23% | 38.21% | 37.53% | 35.44% | 36.22% | 20.86% | 13.89% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.69M | 11.98M | 11.59M | 11.58M | 13.03M | 12.48M | 15.88M | 20.60M | 21.15M | 30.51M | 23.86M | 21.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.69M | 11.98M | 11.59M | 11.58M | 13.03M | 12.48M | 15.88M | 20.60M | 21.15M | 30.51M | 23.86M | 21.13M | 15.34M | 9.32M | 6.71M | 6.74M | 7.60M | 6.81M | 5.41M | 5.20M | 2.11M | 6.86M | 8.35M | 6.46M | 7.10M | 5.30M | 2.80M | 400.00K |
| Other Expenses | 1.86M | 430.00K | 897.00K | 1.93M | 1.89M | 0.00 | -2.17M | -6.44M | -890.00K | -1.10M | 0.00 | 0.00 | 216.19M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 12.55M | 12.41M | 12.48M | 13.51M | 14.93M | 14.68M | 22.80M | 24.17M | 24.10M | 33.48M | 26.39M | 23.17M | 15.34M | 89.66M | 56.45M | 60.72M | 54.31M | 77.28M | 54.63M | 43.31M | 10.06M | 22.88M | 23.63M | 20.76M | 18.50M | 12.30M | 3.60M | 500.00K |
| Cost & Expenses | 100.67M | 102.56M | 101.28M | 107.15M | 116.37M | 144.92M | 234.92M | 319.89M | 327.55M | 337.25M | 322.06M | 282.42M | 182.86M | 196.61M | 127.58M | 130.46M | 109.91M | 199.43M | 154.17M | 128.62M | 47.43M | 211.89M | 177.99M | 164.05M | 162.20M | 124.10M | 57.10M | 9.80M |
| Interest Income | 2.89M | 2.19M | 1.68M | 2.31M | 2.06M | 1.67M | 6.11M | 3.26M | 3.01M | 3.20M | 4.64M | 5.05M | 2.38M | 1.58M | 1.68M | 0.00 | 0.00 | -40.00K | 489.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 62.72M | 55.55M | 48.68M | 48.32M | 54.09M | 63.39M | 92.52M | 127.33M | 141.99M | 141.17M | 141.67M | 136.99M | 96.10M | 59.73M | 49.74M | 49.10M | 37.82M | 66.01M | 54.45M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 162.00K | 430.00K | 12.49M | 13.61M | 16.93M | 16.59M | 22.09M | 21.01M | 14.98M | 11.29M | 5.40M | 848.00K | 579.00K | 80.34M | 50.87M | 54.22M | 83.93M | 70.55M | 48.94M | 38.68M | 7.95M | 16.03M | 15.28M | 14.30M | 11.40M | 7.00M | 800.00K | 100.00K |
| EBITDA | -14.27M | 120.29M | 214.30M | 152.15M | 197.34M | 221.01M | 269.75M | 215.65M | 440.76M | 436.57M | 478.83M | 332.26M | 229.31M | 164.66M | 117.05M | 114.92M | 132.12M | 162.53M | 116.63M | 97.25M | 38.68M | 95.94M | 87.08M | 79.65M | 71.80M | 58.20M | 11.30M | 1.10M |
| EBITDA Ratio | -7.49% | 84.55% | 101.63% | 73.65% | 80.94% | 69.81% | 57.42% | 32.46% | 63.79% | 61.90% | 69.68% | 54.67% | 55.71% | 58.61% | 60.41% | 60.12% | 83.57% | 55.77% | 52.64% | 51.95% | 49.48% | 32.88% | 34.86% | 34.72% | 32.26% | 33.20% | 16.72% | 10.19% |
| Operating Income | 89.78M | 154.09M | 186.64M | 138.54M | 168.44M | 182.53M | 247.66M | 194.64M | 425.78M | 425.28M | 473.43M | 331.42M | 228.73M | 84.32M | 66.18M | 60.71M | 48.19M | 91.97M | 67.69M | 58.56M | 30.73M | 79.92M | 71.80M | 65.35M | 60.40M | 51.20M | 10.50M | 1.00M |
| Operating Income Ratio | 47.14% | 78.51% | 95.26% | 67.06% | 73.55% | 64.00% | 52.72% | 29.30% | 61.62% | 60.30% | 68.89% | 54.53% | 55.57% | 30.01% | 34.16% | 31.76% | 30.48% | 31.56% | 30.55% | 31.29% | 39.31% | 27.39% | 28.74% | 28.49% | 27.13% | 29.21% | 15.53% | 9.26% |
| Total Other Income/Expenses | -166.93M | -89.77M | -31.53M | 76.51M | -42.06M | -34.24M | -113.41M | -1.22B | -416.76M | -208.10M | 86.71M | -57.35M | 292.96M | -108.45M | -49.74M | -48.23M | -37.65M | -47.93M | -63.60M | -38.91M | -18.47M | -53.28M | -29.01M | -46.29M | -31.06M | -15.70M | -3.10M | 200.00K |
| Income Before Tax | -77.15M | 64.31M | 155.11M | 175.94M | 126.37M | 158.12M | 130.96M | -877.75M | -53.34M | 159.93M | 445.36M | 268.02M | 494.65M | 24.59M | 16.45M | 11.60M | 10.12M | 12.06M | 5.95M | 19.42M | 12.26M | 24.59M | 42.79M | 19.05M | 29.30M | 35.60M | 7.40M | 1.20M |
| Income Before Tax Ratio | -40.51% | 32.77% | 79.16% | 85.17% | 55.18% | 55.44% | 27.88% | -132.13% | -7.72% | 22.68% | 64.81% | 44.10% | 120.18% | 8.75% | 8.49% | 6.07% | 6.40% | 4.14% | 2.69% | 10.37% | 15.68% | 8.43% | 17.13% | 8.31% | 13.16% | 20.31% | 10.95% | 11.11% |
| Income Tax Expense | 47.00K | 672.00K | -203.00K | -1.31M | 486.00K | 342.00K | -3.83M | 1.95M | 1.70M | 638.00K | 344.00K | 1.85M | 93.73M | 13.00K | -1.76M | 340.00K | -793.00K | 2.38M | -3.47M | -1.90M | 82.00K | 12.76M | 9.72M | 3.79M | 15.90M | 15.40M | 1.10M | 600.00K |
| Net Income | -77.20M | 63.64M | 154.21M | 177.28M | 117.32M | 157.78M | 134.79M | -879.71M | -55.04M | 159.29M | 445.01M | 291.07M | 400.92M | 26.99M | 13.42M | 10.46M | 762.30M | 11.22M | 4.31M | 4.35M | 12.17M | 11.83M | 33.07M | 15.26M | 13.40M | 20.20M | 6.30M | 600.00K |
| Net Income Ratio | -40.53% | 32.42% | 78.70% | 85.81% | 51.23% | 55.32% | 28.69% | -132.43% | -7.97% | 22.59% | 64.76% | 47.89% | 97.41% | 9.61% | 6.93% | 5.47% | 482.16% | 3.85% | 1.94% | 2.33% | 15.57% | 4.05% | 13.24% | 6.65% | 6.02% | 11.52% | 9.32% | 5.56% |
| EPS | -4.73 | 1.38 | 3.21 | 2.94 | 1.84 | 2.66 | 1.83 | -8.39 | -0.51 | 1.48 | 4.30 | 2.98 | 6.06 | 4.37 | 0.60 | 0.50 | 19.95 | 0.35 | 0.25 | 0.27 | 0.71 | 0.72 | 1.75 | 0.72 | 0.56 | 1.20 | 0.80 | 0.48 |
| EPS Diluted | -4.73 | 1.38 | 3.21 | 2.93 | 1.84 | 2.66 | 1.83 | -8.39 | -0.51 | 1.48 | 4.30 | 2.98 | 6.06 | 4.37 | 0.60 | 0.50 | 19.94 | 0.35 | 0.16 | 0.18 | 0.71 | 0.69 | 1.71 | 0.72 | 0.56 | 1.04 | 0.80 | 0.40 |
| Weighted Avg Shares Out | 16.31M | 46.11M | 48.03M | 60.25M | 63.62M | 59.37M | 73.71M | 104.81M | 107.86M | 107.94M | 103.42M | 97.63M | 66.21M | 49.39M | 22.22M | 21.11M | 38.22M | 32.05M | 17.19M | 24.41M | 19.31M | 16.41M | 18.86M | 20.65M | 23.93M | 16.83M | 7.88M | 1.25M |
| Weighted Avg Shares Out (Dil) | 16.31M | 46.11M | 48.03M | 60.46M | 63.88M | 59.37M | 73.71M | 104.81M | 107.86M | 107.94M | 103.42M | 97.63M | 66.21M | 49.39M | 22.23M | 21.12M | 38.24M | 32.05M | 25.45M | 24.41M | 19.31M | 17.13M | 19.34M | 20.95M | 23.93M | 19.42M | 7.88M | 1.50M |
Dream Office REIT: A Dream Turned Sour
Dream Office REIT's Q4 earnings report confirmed our suspicions of a distribution cut, but showed improved occupancy and easing pressure on net effective rents. Margin of safety has greatly improved, with the units down ~26% since our Sell report (n.b.,...
Dream Office Real Estate Investment Trust (DRETF) Q4 2023 Earnings Call Transcript
Dream Office Real Estate Investment Trust (DRETF) Q4 2023 Earnings Call Transcript
Dream Office REIT Reports 2023 Year-End Results and Unit Consolidation; Annual Distribution to Remain Unchanged at $1.00 Per Unit Following Consolidation
TORONTO--(BUSINESS WIRE)--DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) (“Dream Office REIT”, the “Trust” or “we”) today announced its financial results for the three months ended December 31, 2023 and that the board of trustees have determined to implement the previously...
Dream Office REIT Q4 2023 Financial Results Release Date, Webcast and Conference Call
TORONTO--(BUSINESS WIRE)--DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”) will be releasing its financial results for the quarter ended December 31, 2023, on Thursday, February 15, 2024. Senior management will be hosting a conference call to discuss the financial results. Participants...
Dream Office REIT Announces January 2024 Monthly Distribution
TORONTO--(BUSINESS WIRE)--DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its January 2024 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The January distribution will be payable on February 15, 2024 to unitholders...
Dream Office REIT: Still A Sell For Us
Dream Office REIT's significant underperformance relative to Canadian REIT indexes was justified by the supply/demand imbalance caused by COVID lockdowns and WFH. Dream's sponsor and external manager, Dream Unlimited, significantly reduced its stake during the recent SIB, indicating low confidence...
Dream Office: Become An Office Landlord On The Cheap
Valuation distress after a poorly designed substantial issuer bid is likely to fade as investors take a fresh look at Dream Office REIT. Long duration property assets are a play on the interest rate cycle reversing course in 2024 as...
Dream Office REIT Announces December 2023 Monthly Distribution
TORONTO--(BUSINESS WIRE)--DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its December 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The December distribution will be payable on January 15, 2024 to unitholders...
Dream Office REIT Announces November 2023 Monthly Distribution
TORONTO--(BUSINESS WIRE)--DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its November 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The November distribution will be payable on December 15, 2023 to unitholders...
Dream Office Real Estate Investment Trust (DRETF) Q3 2023 Earnings Call Transcript
Dream Office Real Estate Investment Trust (OTC:DRETF) Q3 2023 Earnings Conference Call November 10, 2023 10:00 AM ET Company Participants Michael Cooper - Chairman, Chief Executive Officer Gordon Wadley - Chief Operating Officer Jay Jiang - Chief Financial Officer Conference...
Source: https://incomestatements.info
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