DREAM Unlimited Corp
TSX:DRM
DREAM Unlimited Corp
DREAM Unlimited Corp. engages in the acquisition, management and development of commercial and residential real estate. The company is headquartered in Toronto, Ontario. The company went IPO on 2013-05-27. The firm operates through two segments: Recurring income and Development. Its Recurring income segment is comprised of its asset management and development management agreements with Dream Industrial REIT, Dream Office REIT and various development partners. Its Development segment is comprised of mixed-use developments in the Greater Toronto Area (GTA) and Ottawa/Gatineau, land, housing, multi-family and retail/commercial development in Saskatchewan and Alberta, and Dream Impact Trust's investment in the Virgin Hotels Las Vegas. The Company’s business includes asset management business, across three Toronto Stock Exchange (TSX) listed trusts and various partnerships. Its development assets, comprised of residential, commercial and retail buildings, and raw land, are located across Toronto, Ottawa and Western Canada.
DREAM Unlimited Corp. engages in the acquisition, management and development of commercial and residential real estate. The company is headquartered in Toronto, Ontario. The company went IPO on 2013-05-27. The firm operates through two segments: Recurring income and Development. Its Recurring income segment is comprised of its asset management and development management agreements with Dream Industrial REIT, Dream Office REIT and various development partners. Its Development segment is comprised of mixed-use developments in the Greater Toronto Area (GTA) and Ottawa/Gatineau, land, housing, multi-family and retail/commercial development in Saskatchewan and Alberta, and Dream Impact Trust's investment in the Virgin Hotels Las Vegas. The Company’s business includes asset management business, across three Toronto Stock Exchange (TSX) listed trusts and various partnerships. Its development assets, comprised of residential, commercial and retail buildings, and raw land, are located across Toronto, Ottawa and Western Canada.
Strong Core Results: Dream Unlimited reported solid third quarter core operating results, with net margin up notably from the prior year.
Segment Growth: Asset Management, Western Canada Development, and Income Properties all saw positive momentum, with asset management poised for margin and AUM growth.
Sales Commitments: Western Canada presales commitments rose to $275 million, up $71 million from last quarter, supporting earnings visibility into 2026–2027.
Liquidity & Buybacks: The company ended the quarter with $328 million in liquidity, spent $8 million on share repurchases, and expects to pause further buybacks for now.
Income Properties: Leasing activity improved, with most new buildings over 90% leased and income property NOI rising year-over-year.
Asset Management Outlook: Management is confident in exceeding $30 billion AUM by 2026 and expects a strong year for profits in 2026.
Strategic Flexibility: Dream is open to further supporting Dream Impact Trust with internal lending and is considering future structural options for its asset management platform.
