D

Dream Office Real Estate Investment Trust
TSX:D.UN

Watchlist Manager
Dream Office Real Estate Investment Trust
TSX:D.UN
Watchlist
Price: 17.53 CAD 0.34% Market Closed
Market Cap: 287m CAD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-10%
5Y
-49%
10Y
-62%
Investing Cash Flow
+
3Y
-
5Y
+14%
10Y
+238%
Financing Cash Flow
+
3Y
-306%
5Y
+19%
10Y
+5%

Cash Flow Statement
Dream Office Real Estate Investment Trust

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Cash Flow Statement
Currency: CAD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
33
33
33
23
12
11
4
1
16
15
8
11
4
4
16
12
4
4
(6)
(2)
11
16
(5)
741
762
757
787
36
11
12
5
10
13
13
51
67
216
245
290
334
401
437
390
413
291
372
484
486
445
347
249
212
159
171
35
6
(55)
(217)
(836)
(833)
(880)
(779)
(37)
(67)
135
167
158
200
158
135
156
113
117
172
183
225
177
123
91
143
154
196
237
173
64
13
(103)
(117)
(77)
(67)
(39)
(128)
(105)
(150)
(170)
(155)
Depreciation & Amortization
15
16
16
16
16
17
13
7
9
11
18
27
26
27
27
28
30
32
34
37
40
44
48
48
43
37
30
26
27
28
28
28
28
21
14
8
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
4
4
4
7
7
7
6
3
2
2
2
2
2
2
2
2
2
2
2
2
1
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
Change in Deffered Taxes
7
11
10
9
10
10
5
(1)
2
(2)
0
(0)
(2)
(2)
(2)
1
(4)
(4)
(2)
(2)
2
2
40
15
(1)
(1)
(41)
(15)
0
1
1
1
(4)
0
0
0
0
0
0
0
0
0
1
2
2
2
2
1
0
(0)
(0)
(1)
1
1
1
0
2
3
3
3
2
2
2
2
(8)
(8)
(9)
(9)
(1)
(1)
(0)
0
1
0
0
0
(1)
(1)
(1)
(1)
(0)
(0)
(0)
0
1
0
0
0
0
0
(0)
(0)
(2)
(2)
(2)
(2)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
1
1
1
1
2
2
3
3
3
3
4
4
4
4
4
4
4
4
0
0
0
0
0
0
0
3
3
4
4
3
2
2
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
3
3
3
3
3
3
2
2
1
2
1
1
2
2
2
2
2
Other Non-Cash Items
(7)
(7)
(8)
7
18
18
22
20
6
8
21
26
26
27
15
17
32
34
46
47
38
39
31
(689)
(705)
(710)
(713)
3
15
14
22
17
20
27
(2)
(9)
(153)
(187)
(222)
(250)
(299)
(314)
(242)
(247)
(99)
(180)
(298)
(299)
(244)
(138)
(38)
(3)
35
15
151
179
235
390
1 001
993
1 040
944
183
196
(22)
(73)
(77)
(132)
(105)
(77)
(76)
(62)
(7)
(64)
(80)
(82)
(76)
(22)
2
(48)
(64)
(108)
(149)
(89)
18
62
175
187
148
142
116
199
183
230
250
238
Cash Taxes Paid
2
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash Interest Paid
41
0
0
0
40
0
0
0
36
45
56
66
43
44
47
52
52
58
59
38
33
27
39
37
38
39
24
45
49
50
51
51
50
51
56
60
65
71
76
85
93
104
125
138
142
145
133
130
133
133
136
136
135
136
134
134
133
133
128
122
118
110
105
105
82
71
62
50
59
0
0
56
58
73
85
54
50
46
47
50
47
48
49
49
56
60
61
62
61
62
63
61
63
65
64
65
Change in Working Capital
(21)
(24)
(25)
(8)
(2)
(3)
(6)
(5)
(4)
3
(0)
(7)
(10)
(14)
(8)
(0)
1
4
4
(3)
(4)
1
(1)
(17)
(16)
(20)
(25)
(7)
(12)
(7)
(3)
(1)
1
2
(3)
(3)
(6)
(5)
(7)
(17)
(13)
(23)
(35)
(34)
(44)
(38)
(28)
(28)
(9)
(17)
(5)
1
6
9
7
5
8
10
(3)
(1)
(18)
(24)
(27)
(32)
(32)
(20)
(14)
(6)
(8)
(9)
(1)
(1)
10
2
4
0
(8)
(1)
(1)
5
5
4
1
(2)
(6)
(8)
(4)
(8)
(1)
2
(1)
5
(3)
(6)
(6)
(8)
Cash from Operating Activities
28
N/A
29
+4%
26
-11%
46
+79%
54
+17%
52
-3%
38
-28%
22
-43%
30
+38%
36
+19%
46
+30%
57
+24%
45
-21%
41
-8%
48
+17%
58
+20%
63
+9%
70
+10%
76
+9%
77
+2%
88
+14%
103
+17%
113
+10%
98
-14%
84
-14%
64
-24%
38
-40%
44
+16%
41
-6%
47
+14%
52
+11%
55
+6%
60
+7%
59
-1%
56
-6%
58
+4%
58
+1%
53
-9%
62
+16%
68
+10%
89
+31%
100
+12%
116
+16%
135
+17%
152
+12%
159
+5%
163
+3%
164
+1%
195
+19%
195
0%
209
+7%
212
+2%
203
-4%
198
-3%
197
0%
194
-2%
193
-1%
188
-2%
167
-11%
165
-1%
147
-11%
147
0%
127
-14%
106
-17%
80
-24%
71
-11%
62
-13%
56
-10%
47
-17%
50
+8%
81
+62%
51
-37%
122
+141%
112
-9%
109
-2%
145
+33%
94
-35%
100
+6%
92
-8%
100
+8%
96
-4%
93
-3%
89
-5%
82
-7%
77
-7%
68
-11%
69
+2%
62
-10%
71
+13%
77
+9%
76
-2%
76
0%
72
-4%
72
-1%
72
0%
74
+3%
Investing Cash Flow
Capital Expenditures
(18)
(9)
(9)
(10)
(15)
(16)
0
0
(34)
0
0
0
(154)
0
0
(161)
(284)
(286)
(288)
(283)
(494)
(10)
(12)
(13)
(570)
(8)
(5)
(3)
(158)
(4)
(5)
(6)
(101)
0
0
0
(7)
0
0
0
(13)
0
0
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Items
48
36
46
(2)
5
10
(4)
3
(31)
(152)
(224)
(229)
35
84
36
(14)
7
22
(129)
(151)
24
(704)
(643)
876
1 496
1 124
1 282
(174)
7
(70)
(15)
(17)
(4)
(305)
(467)
(612)
(729)
(791)
(655)
(1 350)
(1 163)
(1 191)
(1 625)
(714)
(592)
(341)
(190)
(396)
(500)
(479)
(151)
21
18
37
11
42
114
157
427
495
521
835
923
1 685
1 612
1 286
949
164
244
189
164
231
278
277
285
126
(5)
(0)
(3)
(17)
(29)
(29)
(34)
(20)
(19)
126
300
289
286
140
(30)
(24)
(21)
101
153
143
Cash from Investing Activities
30
N/A
26
-11%
37
+42%
(12)
N/A
(11)
+12%
(7)
+38%
(17)
-155%
(7)
+60%
(65)
-864%
(150)
-132%
(224)
-49%
(229)
-2%
(120)
+48%
(71)
+41%
(119)
-68%
(175)
-47%
(277)
-58%
(264)
+4%
(417)
-58%
(434)
-4%
(471)
-8%
(714)
-52%
(654)
+8%
863
N/A
926
+7%
1 116
+21%
1 277
+14%
(177)
N/A
(151)
+15%
(75)
+51%
(20)
+73%
(23)
-15%
(105)
-353%
(310)
-195%
(469)
-52%
(614)
-31%
(735)
-20%
(791)
-8%
(655)
+17%
(1 350)
-106%
(1 176)
+13%
(1 191)
-1%
(1 625)
-36%
(714)
+56%
(594)
+17%
(341)
+43%
(190)
+44%
(396)
-109%
(500)
-26%
(479)
+4%
(151)
+69%
21
N/A
18
-16%
37
+108%
11
-70%
42
+278%
114
+168%
157
+39%
427
+172%
495
+16%
521
+5%
835
+60%
923
+11%
1 685
+83%
1 612
-4%
1 286
-20%
949
-26%
164
-83%
244
+49%
189
-22%
164
-13%
231
+41%
278
+21%
277
-1%
285
+3%
126
-56%
(5)
N/A
(0)
+93%
(3)
-1 014%
(17)
-402%
(29)
-75%
(29)
+2%
(34)
-18%
(20)
+42%
(19)
+2%
126
N/A
300
+139%
289
-4%
286
-1%
140
-51%
(30)
N/A
(24)
+21%
(21)
+12%
101
N/A
153
+51%
143
-7%
Financing Cash Flow
Net Issuance of Common Stock
(37)
(38)
(35)
(38)
(32)
(30)
(25)
(19)
54
158
157
156
105
0
1
1
72
72
235
234
306
470
307
(1 114)
(1 257)
(1 421)
(1 421)
1
1
0
0
67
67
276
386
456
566
495
557
576
603
697
875
719
581
350
221
219
160
158
(62)
(60)
(23)
(43)
(76)
(105)
(106)
(94)
(66)
(38)
(88)
(120)
(222)
(696)
(674)
(715)
(848)
(377)
(342)
(269)
(45)
(96)
(78)
(83)
(74)
(68)
(110)
(97)
(89)
(63)
(61)
(88)
(88)
(78)
(43)
(34)
(233)
(220)
(217)
(199)
(0)
(0)
(0)
(0)
(0)
0
Net Issuance of Debt
(24)
(13)
(15)
14
10
0
15
(7)
6
(15)
55
63
14
62
93
142
173
172
161
172
181
236
288
228
291
326
265
265
200
80
(3)
(28)
(34)
85
72
162
285
205
294
722
592
506
554
24
(65)
(5)
(39)
155
344
310
187
5
(35)
(21)
34
28
(49)
(64)
(283)
(443)
(399)
(695)
(675)
(692)
(796)
(491)
(128)
(15)
35
60
(105)
(111)
(116)
(159)
(203)
(67)
43
87
86
83
89
99
134
119
88
(49)
(26)
(22)
(33)
82
49
52
37
(85)
(136)
(147)
Cash Paid for Dividends
0
0
0
0
0
0
0
(3)
(8)
(14)
(23)
(27)
(31)
(33)
(33)
(32)
(32)
(33)
(36)
(43)
(50)
(58)
(66)
(74)
(71)
(62)
(52)
(39)
(38)
(39)
(41)
(42)
(45)
(47)
(51)
(59)
(67)
(77)
(84)
(92)
(99)
(105)
(119)
(134)
(148)
(164)
(171)
(178)
(180)
(179)
(179)
(177)
(176)
(173)
(167)
(158)
(152)
(148)
(151)
(156)
(160)
(162)
(159)
(145)
(123)
(101)
(80)
(68)
(65)
(62)
(60)
(59)
(58)
(57)
(56)
(56)
(55)
(53)
(52)
(51)
(50)
(49)
(49)
(48)
(47)
(47)
(46)
(42)
(39)
(34)
(27)
(23)
(19)
(16)
(16)
(16)
Other
0
3
5
2
0
(4)
(15)
2
(16)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(6)
(6)
0
0
(5)
(22)
0
(22)
(16)
0
(2)
(4)
(5)
(7)
(7)
(7)
(7)
(7)
203
(8)
(13)
4
(195)
13
18
(12)
(15)
(12)
(11)
(8)
(5)
(5)
(8)
(10)
(18)
(18)
(17)
(16)
(10)
(11)
(11)
(9)
(9)
(8)
(7)
(7)
(24)
(36)
(8)
(62)
(58)
(55)
(94)
(50)
(47)
(48)
(51)
(48)
(49)
(50)
(51)
(57)
(60)
(63)
(64)
(63)
(64)
(65)
(62)
(65)
(68)
(67)
(68)
Cash from Financing Activities
(60)
N/A
(48)
+20%
(45)
+8%
(22)
+51%
(22)
+1%
(34)
-56%
(25)
+27%
(27)
-8%
36
N/A
116
+222%
190
+64%
176
-7%
88
-50%
29
-67%
62
+111%
111
+80%
213
+92%
211
-1%
359
+70%
364
+1%
437
+20%
648
+48%
529
-18%
(966)
N/A
(1 043)
-8%
(1 162)
-11%
(1 213)
-4%
222
N/A
141
-36%
20
-86%
(65)
N/A
(19)
+71%
(12)
+39%
313
N/A
403
+29%
555
+38%
778
+40%
617
-21%
760
+23%
1 198
+58%
1 089
-9%
1 302
+20%
1 302
+0%
596
-54%
373
-37%
(13)
N/A
23
N/A
215
+822%
311
+45%
275
-12%
(65)
N/A
(244)
-272%
(241)
+1%
(243)
0%
(214)
+12%
(243)
-13%
(317)
-31%
(324)
-2%
(517)
-60%
(652)
-26%
(663)
-2%
(986)
-49%
(1 066)
-8%
(1 544)
-45%
(1 603)
-4%
(1 315)
+18%
(1 064)
+19%
(467)
+56%
(379)
+19%
(294)
+22%
(246)
+16%
(273)
-11%
(314)
-15%
(358)
-14%
(388)
-8%
(284)
+27%
(172)
+39%
(110)
+36%
(103)
+7%
(82)
+20%
(71)
+14%
(87)
-23%
(52)
+41%
(57)
-11%
(59)
-3%
(190)
-224%
(368)
-94%
(349)
+5%
(351)
-1%
(215)
+39%
(44)
+80%
(34)
+23%
(47)
-40%
(170)
-261%
(220)
-29%
(232)
-5%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
0
(0)
0
0
(0)
0
0
0
1
2
2
2
1
0
(0)
(0)
0
(0)
(0)
(0)
(0)
0
0
0
0
(0)
(0)
0
0
0
0
(0)
(0)
(0)
(0)
(0)
0
1
0
0
0
(0)
(0)
0
0
(0)
1
1
(0)
0
Net Change in Cash
(3)
N/A
7
N/A
18
+179%
12
-35%
22
+82%
12
-45%
(4)
N/A
(12)
-210%
1
N/A
2
+46%
12
+553%
5
-62%
13
+183%
0
N/A
(9)
N/A
(6)
+35%
(1)
+86%
16
N/A
18
+13%
7
-60%
55
+657%
37
-32%
(13)
N/A
(5)
+58%
(33)
-540%
18
N/A
102
+483%
89
-13%
32
-64%
(8)
N/A
(33)
-328%
13
N/A
(57)
N/A
62
N/A
(11)
N/A
(1)
+91%
101
N/A
(120)
N/A
167
N/A
(84)
N/A
2
N/A
210
+9 464%
(207)
N/A
18
N/A
(69)
N/A
(196)
-183%
(4)
+98%
(18)
-373%
7
N/A
(9)
N/A
(7)
+20%
(10)
-33%
(20)
-108%
(8)
+62%
(5)
+29%
(5)
+9%
(9)
-82%
24
N/A
78
+230%
8
-90%
6
-30%
(4)
N/A
(17)
-284%
246
N/A
89
-64%
42
-53%
(54)
N/A
(247)
-362%
(88)
+64%
(55)
+38%
(1)
+98%
8
N/A
87
+983%
31
-64%
7
-78%
(13)
N/A
(82)
-523%
(10)
+88%
(14)
-37%
1
N/A
(4)
N/A
(22)
-414%
3
N/A
6
+82%
(1)
N/A
4
N/A
2
-52%
2
-14%
5
+207%
2
-62%
2
+3%
18
+790%
5
-72%
4
-27%
5
+28%
(14)
N/A
Free Cash Flow
Free Cash Flow
9
N/A
19
+110%
17
-11%
36
+111%
39
+7%
36
-7%
38
+4%
22
-43%
(4)
N/A
36
N/A
46
+30%
57
+24%
(109)
N/A
41
N/A
48
+17%
(103)
N/A
(221)
-115%
(216)
+2%
(212)
+2%
(206)
+3%
(407)
-98%
93
N/A
102
+10%
85
-17%
(486)
N/A
56
N/A
33
-41%
41
+26%
(117)
N/A
43
N/A
47
+10%
50
+6%
(41)
N/A
59
N/A
56
-6%
58
+4%
52
-11%
53
+3%
62
+16%
68
+10%
76
+12%
100
+31%
116
+16%
135
+17%
150
+11%
159
+6%
163
+3%
164
+1%
195
+19%
195
0%
209
+7%
212
+2%
203
-4%
198
-3%
197
0%
194
-2%
193
-1%
188
-2%
167
-11%
165
-1%
147
-11%
147
0%
127
-14%
106
-17%
80
-24%
71
-11%
62
-13%
56
-10%
47
-17%
50
+8%
81
+62%
51
-37%
122
+141%
112
-9%
109
-2%
145
+33%
94
-35%
100
+6%
92
-8%
100
+8%
96
-4%
93
-3%
89
-5%
82
-7%
77
-7%
68
-11%
69
+2%
62
-10%
71
+13%
77
+9%
76
-2%
76
0%
72
-4%
72
-1%
72
0%
74
+3%

See Also

Summary
D.UN intrinsic value, competitors valuation, and company profile.
DCF Valuation
D.UN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
D.UN stock valuation using valuation multiples.
Wall Street Estimates
D.UN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
D.UN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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