Dream Industrial Real Estate Investment Trust
Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at December 31, 2025, Dream Industrial REIT has an interest in and manages a portfolio which comprises 342 industrial assets (555 buildings) totaling approximately 73.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dr… Read more
Dream Industrial Real Estate Investment Trust (DREUF) - Net Assets
Latest net assets as of December 2025: $4.79 Billion USD
Based on the latest financial reports, Dream Industrial Real Estate Investment Trust (DREUF) has net assets worth $4.79 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.45 Billion) and total liabilities ($3.66 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.79 Billion |
| % of Total Assets | 56.66% |
| Annual Growth Rate | 22.95% |
| 5-Year Change | 36.81% |
| 10-Year Change | 709.95% |
| Growth Volatility | 28.5 |
Dream Industrial Real Estate Investment Trust - Net Assets Trend (2012–2025)
This chart illustrates how Dream Industrial Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dream Industrial Real Estate Investment Trust (2012–2025)
The table below shows the annual net assets of Dream Industrial Real Estate Investment Trust from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.79 Billion | +1.20% |
| 2024-12-31 | $4.73 Billion | +3.41% |
| 2023-12-31 | $4.57 Billion | +2.74% |
| 2022-12-31 | $4.45 Billion | +27.24% |
| 2021-12-31 | $3.50 Billion | +83.71% |
| 2020-12-31 | $1.90 Billion | +22.14% |
| 2019-12-31 | $1.56 Billion | +57.64% |
| 2018-12-31 | $989.33 Million | +38.90% |
| 2017-12-31 | $712.25 Million | +20.49% |
| 2016-12-31 | $591.11 Million | -5.71% |
| 2015-12-31 | $626.88 Million | -0.28% |
| 2014-12-31 | $628.65 Million | +10.13% |
| 2013-12-31 | $570.82 Million | +74.98% |
| 2012-12-31 | $326.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dream Industrial Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 124637947800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.23 Billion | 25.60% |
| Common Stock | $3.50 Billion | 73.15% |
| Other Comprehensive Income | $59.91 Million | 1.25% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $4.79 Billion | 100.00% |
Dream Industrial Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Dream Industrial Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TowneBank
F:3T8
|
$2.10 Billion |
|
Cadeler A/S
NYSE:CDLR
|
$2.10 Billion |
|
PUBLIC STORAGE PRF.O 25
F:PUP0
|
$2.10 Billion |
|
Porsche AG
XETRA:P911
|
$2.10 Billion |
|
NetScout Systems Inc
NASDAQ:NTCT
|
$2.10 Billion |
|
PT GoTo Gojek Tokopedia Tbk
F:CK8
|
$2.10 Billion |
|
Dr Ing hcF Porsche AG
F:P911
|
$2.10 Billion |
|
Enka Insaat ve Sanayi A.S
OTCGREY:EKIVF
|
$2.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dream Industrial Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,731,073,000 to 4,787,669,182, a change of 56,596,182 (1.2%).
- Net income of 169,934,400 contributed positively to equity growth.
- Dividend payments of 144,284,321 reduced retained earnings.
- Share repurchases of 20,019,671 reduced equity.
- Other comprehensive income decreased equity by 14,968,863.
- Other factors increased equity by 65,934,637.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $169.93 Million | +3.55% |
| Dividends Paid | $144.28 Million | -3.01% |
| Share Repurchases | $20.02 Million | -0.42% |
| Other Comprehensive Income | $-14.97 Million | -0.31% |
| Other Changes | $65.93 Million | +1.38% |
| Total Change | $- | 1.20% |
Book Value vs Market Value Analysis
This analysis compares Dream Industrial Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.33x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.82x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $9.00 | $7.38 | x |
| 2013-12-31 | $7.56 | $7.38 | x |
| 2014-12-31 | $7.57 | $7.38 | x |
| 2015-12-31 | $10.69 | $7.38 | x |
| 2016-12-31 | $6.72 | $7.38 | x |
| 2017-12-31 | $7.81 | $7.38 | x |
| 2018-12-31 | $9.18 | $7.38 | x |
| 2019-12-31 | $11.62 | $7.38 | x |
| 2020-12-31 | $11.23 | $7.38 | x |
| 2021-12-31 | $16.14 | $7.38 | x |
| 2022-12-31 | $17.35 | $7.38 | x |
| 2023-12-31 | $16.74 | $7.38 | x |
| 2024-12-31 | $16.25 | $7.38 | x |
| 2025-12-31 | $22.41 | $7.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dream Industrial Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.48%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.76x
- Recent ROE (3.55%) is below the historical average (7.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -15.36% | -121.23% | 0.03x | 3.65x | $-82.72 Million |
| 2013 | 14.71% | 58.75% | 0.09x | 2.79x | $26.90 Million |
| 2014 | 10.82% | 40.90% | 0.10x | 2.77x | $5.14 Million |
| 2015 | 5.61% | 19.88% | 0.10x | 2.75x | $-27.50 Million |
| 2016 | -0.46% | -1.54% | 0.11x | 2.81x | $-61.80 Million |
| 2017 | 4.87% | 20.11% | 0.10x | 2.54x | $-36.57 Million |
| 2018 | 15.92% | 81.39% | 0.09x | 2.18x | $58.60 Million |
| 2019 | 11.51% | 91.86% | 0.07x | 1.85x | $23.47 Million |
| 2020 | 10.51% | 84.82% | 0.07x | 1.85x | $9.65 Million |
| 2021 | 17.38% | 209.91% | 0.05x | 1.73x | $258.40 Million |
| 2022 | 15.85% | 191.00% | 0.05x | 1.64x | $260.61 Million |
| 2023 | 2.28% | 23.83% | 0.06x | 1.72x | $-353.19 Million |
| 2024 | 5.49% | 55.68% | 0.06x | 1.72x | $-213.50 Million |
| 2025 | 3.55% | 33.48% | 0.06x | 1.76x | $-308.83 Million |
Industry Comparison
This section compares Dream Industrial Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $9,064,561,333
- Average return on equity (ROE) among peers: 8.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dream Industrial Real Estate Investment Trust (DREUF) | $4.79 Billion | -15.36% | 0.76x | $2.10 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.31 Billion | 7.41% | 0.77x | $9.40 Billion |
| BWP Trust (BUNNF) | $2.84 Billion | 9.35% | 0.32x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $1.45 Billion | 18.24% | 0.27x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $24.78 Billion | 3.83% | 0.61x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.66 Billion | 0.37% | 0.95x | $119.59 Million |
| Americold Realty Trust (COLD) | $706.75 Million | 6.79% | 2.58x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.79 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $549.25 Million | 4.93% | 1.21x | $146.66 Million |