D

Dream Office Real Estate Investment Trust
TSX:D.UN

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Dream Office Real Estate Investment Trust
TSX:D.UN
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Price: 17.35 CAD -1.14% Market Closed
Market Cap: 284m CAD

Relative Value

The Relative Value of one D.UN stock under the Base Case scenario is 77.65 CAD. Compared to the current market price of 17.35 CAD, Dream Office Real Estate Investment Trust is Undervalued by 78%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

D.UN Relative Value
Base Case
77.65 CAD
Undervaluation 78%
Relative Value
Price
D
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
76
vs Industry
65
Median 3Y
1.6
Median 5Y
7.8
Industry
3.8
Forward
1.5
vs History
vs Industry
46
Median 3Y
-2.4
Median 5Y
8.9
Industry
16.3
Forward
-2.6
vs History
82
vs Industry
57
Median 3Y
4.2
Median 5Y
16.1
Industry
11.1
vs History
vs Industry
36
Median 3Y
-2.1
Median 5Y
6.1
Industry
12.8
vs History
60
vs Industry
78
Median 3Y
0.3
Median 5Y
1
Industry
0.9
vs History
61
vs Industry
46
Median 3Y
7.6
Median 5Y
13.1
Industry
6.8
Forward
7.8
vs History
61
vs Industry
45
Median 3Y
14.1
Median 5Y
23.9
Industry
12.5
vs History
68
vs Industry
30
Median 3Y
17.4
Median 5Y
26.4
Industry
15.8
Forward
14.7
vs History
68
vs Industry
36
Median 3Y
17.4
Median 5Y
26.5
Industry
19.1
vs History
77
vs Industry
39
Median 3Y
20.5
Median 5Y
24.5
Industry
18.4
vs History
77
vs Industry
35
Median 3Y
20.5
Median 5Y
24.5
Industry
20.5
vs History
53
vs Industry
65
Median 3Y
0.6
Median 5Y
0.9
Industry
0.8

Multiples Across Competitors

D.UN Competitors Multiples
Dream Office Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Dream Office Real Estate Investment Trust
TSX:D.UN
284m CAD 1.5 -1.8 17.3 17.3
US
Boston Properties Inc
NYSE:BXP
10.9B USD 3.1 -54.3 14 26.4
US
Alexandria Real Estate Equities Inc
NYSE:ARE
8.2B USD 2.6 -19.4 9.9 27.3
JP
Nippon Building Fund Inc
TSE:8951
1.2T JPY 12 26.6 26.7 35.1
FR
Covivio SA
PAR:COV
6.1B EUR 4.4 14.6 14.4 17
US
Vornado Realty Trust
NYSE:VNO
6.4B USD 3.5 7.6 16.8 47
US
COPT Defense Properties
NYSE:CDP
6.4B USD 8.5 42.8 38.9 38.9
JP
Japan Real Estate Investment Corp
TSE:8952
929.8B JPY 10.9 24.7 24.3 31.5
AU
Dexus
ASX:DXS
7.7B AUD 8.1 49 31.4 31.4
JP
Kenedix Office Investment Corp
TSE:8972
714.5B JPY 9.1 21.1 23.6 29.8
US
Kilroy Realty Corp
NYSE:KRC
4.6B USD 4 14.2 12.8 26.2
P/E Multiple
Earnings Growth PEG
CA
D
Dream Office Real Estate Investment Trust
TSX:D.UN
Average P/E: 25.1
Negative Multiple: -1.8
N/A N/A
US
Boston Properties Inc
NYSE:BXP
Negative Multiple: -54.3
202%
N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
Negative Multiple: -19.4
-53%
N/A
JP
Nippon Building Fund Inc
TSE:8951
26.6
1%
26.6
FR
Covivio SA
PAR:COV
14.6
101%
0.1
US
Vornado Realty Trust
NYSE:VNO
7.6
47%
0.2
US
COPT Defense Properties
NYSE:CDP
42.8
5%
8.6
JP
Japan Real Estate Investment Corp
TSE:8952
24.7
-2%
N/A
AU
Dexus
ASX:DXS
49
64%
0.8
JP
Kenedix Office Investment Corp
TSE:8972
21.1
-12%
N/A
US
Kilroy Realty Corp
NYSE:KRC
14.2
-30%
N/A