Dream Office Real Estate Investment Trust (TSX:D.UN)

TSX:D.UN Financials Overview

Financials in millions CAD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	181.46	154.41	208.44	161.85	258.17	287.84
Revenue Growth	11.71%	-25.92%	28.79%	-37.31%	-10.31%	17.16%
Net Income Net Income Growth	-27.79	-160.11	-104.93	-77.2	63.64	154.21
Earnings Per Share EPS Growth	-1.69	-9.78	-6.42	-4.73	2.76	6.42
EPS Growth	-	-	-	-	-57.01%	-8.31%

Revenue by Geography

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Toronto Downtown Toronto Downtown Growth	139.81	135.22	134.69	130.12	139.02	142.67
Unallocated Unallocated Growth	14.64	7.69	15	13.14	5.42	11.67
Other Markets Other Markets Growth	29.82	40.48	46.43	47.18	51.83	41.59
Total Total Growth	184.27	183.38	196.11	190.45	196.27	195.93

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	11.4	15.17	18.27	13.27	8.02	8.76
Total Debt Total Debt Growth	1,150	1,251	1,323	1,347	1,377	1,287
Net Cash (Debt) Net Cash Growth	-1,139	-1,235	-1,305	-1,334	-1,369	-1,279
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-69.27	-75.48	-79.88	-81.74	-59.37	-53.24

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	61.95	71.52	72.39	70.73	76.67	95.81
Free Cash Flow Free Cash Flow Growth	61.95	71.52	72.39	70.73	76.67	95.81
Free Cash Flow Growth	-16.12%	-1.21%	2.36%	-7.75%	-19.98%	1.61%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	48.88%	39.91%	51.71%	38.85%	61.05%	65.60%
Pretax Margin	-15.28%	-103.38%	-51.44%	-47.67%	24.91%	53.89%
Profit Margin	-15.32%	-103.69%	-50.34%	-47.70%	24.65%	53.57%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.000	1.000	1.000	2.000	2.000	2.000
Dividend Per Share Growth	0%	0%	-50.00%	0%	0%	0%
Dividend Yield	6.19%	5.49%	5.60%	9.54%	6.69%	4.04%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	-	-	-	10.83	7.72
PS Ratio	1.44	1.93	1.40	2.11	2.67	4.13

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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