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TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its November 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The November distribution will be payable on December 13, 2024 to unitholders of record as at November 29, 2024. About Dream Residential REIT Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and g.
TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U, TSX: DRR.UN) (“Dream Residential REIT” or the “REIT” or “we” or “us”) today announced its financial results for the three and nine months ended September 30, 2024 (“Q3 2024”). Management will host a conference call to discuss the financial results on November 7, 2024 at 10:00 a.m. (ET). HIGHLIGHTS Comparative properties net operating income (“comparative properties NOI”)1 was $6.1 million in Q3 2024, a 2.5% in.
TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REIT (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential” or the “REIT”) will be releasing its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024. Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast. Conference Call: Date: Thursday, November 7, 2024 at 10:00 a.m. (ET) Audio: 1-800-806-5484 (toll free) 416-340-2217 (toll).
TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its July 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The July distribution will be payable on August 15, 2024 to unitholders of record as at July 31, 2024. About Dream Residential REIT Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the.
TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its June 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The June distribution will be payable on July 15, 2024 to unitholders of record as at June 28, 2024. About Dream Residential REIT Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the l.
TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its May 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The May distribution will be payable on June 14, 2024 to unitholders of record as at May 31, 2024. About Dream Residential REIT Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws.
The market is now valuing the REIT at a ~10% cap rate while its assets have cap rates of 5.5%. Leasing spreads have been better than its Canadian residential peers. The company has a stock repurchasing plan in place that should narrow the gap between NAV and market price.
Dream Residential REIT is one of the most undervalued residential REITs with a strong outlook and conservative financing. DRR.U:CA trades at 11x its annualized Q1 2023 FFO, which is fairly cheap compared to its peers and is trading at a 43% discount to NAV. The company has a stock repurchasing plan in place that should narrow the gap between NAV and market price.
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