Dream Industrial Real Estate Investment Trust (DIR-UN) - Net Assets

Latest as of September 2025: CA$4.82 Billion CAD

Based on the latest financial reports, Dream Industrial Real Estate Investment Trust (DIR-UN) has net assets worth CA$4.82 Billion CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$8.47 Billion) and total liabilities (CA$3.65 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 CA$4.82 Billion
% of Total Assets 56.88%
Annual Growth Rate 24.97%
5-Year Change 148.37%
10-Year Change 654.7%
Growth Volatility 28.72

Dream Industrial Real Estate Investment Trust - Net Assets Trend (2012–2024)

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 (2012–2024)

The table below shows the annual net assets of Dream Industrial Real Estate Investment Trust from 2012 to 2024.

Year Net Assets Change
2024-12-31 CA$4.73 Billion +3.41%
2023-12-31 CA$4.57 Billion +2.74%
2022-12-31 CA$4.45 Billion +27.24%
2021-12-31 CA$3.50 Billion +83.71%
2020-12-31 CA$1.90 Billion +22.14%
2019-12-31 CA$1.56 Billion +57.64%
2018-12-31 CA$989.33 Million +38.90%
2017-12-31 CA$712.25 Million +20.49%
2016-12-31 CA$591.11 Million -5.71%
2015-12-31 CA$626.88 Million -0.28%
2014-12-31 CA$628.65 Million +10.13%
2013-12-31 CA$570.82 Million +74.98%
2012-12-31 CA$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 127780700000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CA$1.26 Billion 26.57%
Common Stock CA$3.40 Billion 71.85%
Other Comprehensive Income CA$74.88 Million 1.58%
Total Equity CA$4.73 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
Sinocelltech Group Ltd
SHG:688520
 		$2.88 Billion
Fibocom Wireless Inc
SHE:300638
 		$2.88 Billion
CPPLUS
NSE:CPPLUS
 		$2.88 Billion
Teleperformance SE
PA:TEP
 		$2.89 Billion
Netcompany Group A/S
CO:NETC
 		$2.88 Billion
Jiangsu Leili Motor Corp Ltd
SHE:300660
 		$2.88 Billion
Thule Group AB
ST:THULE
 		$2.88 Billion
WD-40 Company
NASDAQ:WDFC
 		$2.88 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 2023 to 2024, total equity changed from 4,574,897,000 to 4,731,073,000, a change of 156,176,000 (3.4%).
  • Net income of 259,611,000 contributed positively to equity growth.
  • Dividend payments of 140,252,000 reduced retained earnings.
  • Other comprehensive income increased equity by 31,548,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$259.61 Million +5.49%
Dividends Paid CA$140.25 Million -2.96%
Other Comprehensive Income CA$31.55 Million +0.67%
Other Changes CA$5.27 Million +0.11%
Total Change CA$- 3.41%

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: 0.85x
  • 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 1.55x to 0.85x 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 CA$9.00 CA$13.92 x
2013-12-31 CA$7.56 CA$13.92 x
2014-12-31 CA$7.57 CA$13.92 x
2015-12-31 CA$10.69 CA$13.92 x
2016-12-31 CA$6.72 CA$13.92 x
2017-12-31 CA$7.81 CA$13.92 x
2018-12-31 CA$9.18 CA$13.92 x
2019-12-31 CA$11.62 CA$13.92 x
2020-12-31 CA$11.23 CA$13.92 x
2021-12-31 CA$16.14 CA$13.92 x
2022-12-31 CA$16.45 CA$13.92 x
2023-12-31 CA$15.96 CA$13.92 x
2024-12-31 CA$16.33 CA$13.92 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): 5.49%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 55.68%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 1.72x
  • Recent ROE (5.49%) is below the historical average (7.63%), 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 CA$-82.72 Million
2013 14.76% 58.95% 0.09x 2.79x CA$27.18 Million
2014 10.82% 40.90% 0.10x 2.77x CA$5.14 Million
2015 5.61% 19.88% 0.10x 2.75x CA$-27.50 Million
2016 -0.46% -1.54% 0.11x 2.81x CA$-61.80 Million
2017 4.87% 20.11% 0.10x 2.54x CA$-36.57 Million
2018 15.92% 81.39% 0.09x 2.18x CA$58.60 Million
2019 11.51% 91.86% 0.07x 1.85x CA$23.47 Million
2020 10.51% 84.82% 0.07x 1.85x CA$9.65 Million
2021 17.38% 209.91% 0.05x 1.73x CA$258.40 Million
2022 15.85% 191.00% 0.05x 1.64x CA$260.61 Million
2023 2.28% 23.54% 0.06x 1.72x CA$-353.19 Million
2024 5.49% 55.68% 0.06x 1.72x CA$-213.50 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: $355,493,859
  • Average return on equity (ROE) among peers: -5.06%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Dream Industrial Real Estate Investment Trust (DIR-UN) CA$4.82 Billion -15.36% 0.76x $2.88 Billion
Margaux Real Estate Investment Trust (ALFA-UN) $4.14 Million 2.15% 1.09x $6.97 Million
Nexus Real Estate Investment Trust (NXR-UN) $1.06 Billion 8.56% 1.45x $421.76 Million
Pro Real Estate Investment Trust (PRV-UN) $617.60K -25.90% 0.03x $314.49 Million

About Dream Industrial Real Estate Investment Trust

TO:DIR-UN Canada REIT - Industrial
Market Cap
$2.88 Billion
CA$3.98 Billion CAD
Market Cap Rank
#5030 Global
#86 in Canada
Share Price
CA$13.92
Change (1 day)
+1.38%
52-Week Range
CA$10.10 - CA$13.92
All Time High
CA$14.97
Categories
Companies in Canada REIT - Industrial
About

Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. As at September 30, 2025, Dream Industrial REIT has an interest in and manages a portfolio which comprises 340 industrial assets (552 buildings) totaling approximately 73.2 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dr… Read more