Dream Industrial Real Estate Investment Trust (DREUF) fair value: what the stock is really worth
We calculate from audited financials what Dream Industrial Real Estate Investment Trust is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Dream Industrial Real Estate Investment Trust
DREUF · USStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range $3.48 – $11.22 · fair‑value band $5.58 – $9.29 · the $9.41 price screens above the $5.68 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Dream Industrial Real Estate Investment Trust is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties.
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Dream Industrial Real Estate Investment Trust 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. Dream Industrial REIT's objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial Real Estate Investment Trust was established on July, 20 2012 in Ontario, Canada.
Stock analysis
Dream Industrial Real Estate Investment Trust (DREUF) currently trades at $9.41, while our model-based Fair Value estimate is $5.68, implying the stock looks roughly 65.7% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $12.40 per share, and 8 of the 16 models we run sit above the $9.41 price.
Bear case: the Growth DCF group reads lowest at $1.84, and 8 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: $5.58 (bear) to $9.29 (bull), the price of $9.41 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dream Industrial Real Estate Investment Trust reported revenue of C$508M in FY2025 versus C$290M in FY2021, a compound +15.0%/yr. Reported net income was C$170M in FY2025, compounding −27.3%/yr from FY2021.
Key figures
Market cap $2.8B · P/E ratio 20.4 · P/S ratio 6.82 · EPS (TTM) $0.4500 · Dividend yield 7.5% · Net margin 33.5% · Return on equity 3.9% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −18% fair-value upside, at −40%, DREUF screens richer than that median.
Fair Value models
All 16 models by family
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Set up alert →Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 52
Revenue & earnings trend
Growth Forecast
DREUF screens 66% overvalued. Compare with Prologis, Inc →
Compare Dream Industrial Real Estate Investment Trust with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Industrial · 55 stocks
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Real Estate
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Industrial stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Prologis, Inc PLD | $135.75 | $65.08 | −52% |
| Public Storage, a member of the S&P 500, PSA | $296.50 | $231.14 | −22% |
| Extra Space Storage Inc EXR | $137.64 | $149.42 | +9% |
| EastGroup Properties, Inc EGP | $198.12 | $121.62 | −39% |
| Lineage, Inc LINE | $37.75 | $47.91 | +27% |
| CapitaLand Ascendas REIT (CLAR) A17U | 2.34 SGD | 3.08 SGD | +32% |
| CubeSmart CUBE | $39.54 | $32.58 | −18% |
| First Industrial Realty Trust, Inc FR | $61.38 | $20.72 | −66% |
| Rexford Industrial Realty, Inc REXR | $38.04 | $15.97 | −58% |
| STAG Industrial, Inc STAG | $37.14 | $34.47 | −7% |
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Frequently asked questions
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Key figures of Dream Industrial Real Estate Investment Trust
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