DRETF (Dream Office Real Estate Investment Trust) E10: $-0.28 (As of Mar. 2026)


DRETF Dream Office Real Estate Investment Trust DRETF
66 GF Score
Price $12.45
GF Value $13.10
Valuation Fairly Valued
! 7 Warning Signs
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What is Dream Office Real Estate Investment Trust E10?

Dream Office Real Estate Investment Trust DRETF 66 E10 is $-0.28 as of Mar. 2026. GuruFocus rates DRETF with a GF Score™ of 66/100 and a GF Value™ of $13.10 (Fairly Valued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Dream Office Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.372. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.28 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Dream Office Real Estate Investment Trust was 52.00% per year. The lowest was -71.70% per year. And the median was -0.70% per year.

As of today (2026-06-25), Dream Office Real Estate Investment Trust's current stock price is $12.45. Dream Office Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2026 was $-0.28. Dream Office Real Estate Investment Trust's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Dream Office Real Estate Investment Trust was 313.00. The lowest was 3.92. And the median was 13.75.


Dream Office Real Estate Investment Trust  (OTCPK:DRETF) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Dream Office Real Estate Investment Trust was 313.00. The lowest was 3.92. And the median was 13.75.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Dream Office Real Estate Investment Trust E10 Related Terms


Dream Office Real Estate Investment Trust E10 Historical Data

* Premium members only.

The historical data trend for Dream Office Real Estate Investment Trust's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dream Office Real Estate Investment Trust E10 Chart

Dream Office Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 1.68 0.70 0.04 -0.43

Dream Office Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.18 -0.18 -0.47 -0.43 -0.28

DRETF vs BXP, ARE, VNO: E10 Comparison

For the REIT - Office subindustry, Dream Office Real Estate Investment Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dream Office Real Estate Investment Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Dream Office Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dream Office Real Estate Investment Trust's Shiller PE Ratio falls into.


DRETF
66GF Score
Dream Office Real Estate Investment Trust DRETF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dream Office Real Estate Investment Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Dream Office Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.372/132.2623*132.2623
=0.372

Current CPI (Mar. 2026) = 132.2623.

Dream Office Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201606 -9.587 102.002 -12.431
201609 0.381 101.765 0.495
201612 -1.440 101.449 -1.877
201703 0.002 102.634 0.003
201706 0.491 103.029 0.630
201709 -0.013 103.345 -0.017
201712 2.141 103.345 2.740
201803 0.654 105.004 0.824
201806 0.551 105.557 0.690
201809 0.958 105.636 1.199
201812 1.466 105.399 1.840
201903 0.228 106.979 0.282
201906 1.075 107.690 1.320
201909 -0.056 107.611 -0.069
201912 1.538 107.769 1.888
202003 1.490 107.927 1.826
202006 1.382 108.401 1.686
202009 0.980 108.164 1.198
202012 0.423 108.559 0.515
202103 0.284 110.298 0.341
202106 0.733 111.720 0.868
202109 2.555 112.905 2.993
202112 0.874 113.774 1.016
202203 1.538 117.646 1.729
202206 1.930 120.806 2.113
202209 0.790 120.648 0.866
202212 -2.280 120.964 -2.493
202303 0.039 122.702 0.042
202306 -1.509 124.203 -1.607
202309 0.518 125.230 0.547
202312 -1.472 125.072 -1.557
202403 0.452 126.258 0.473
202406 -0.830 127.522 -0.861
202409 -2.899 127.285 -3.012
202412 -0.689 127.364 -0.715
202503 -1.195 129.181 -1.224
202506 -1.577 129.892 -1.606
202509 -2.264 130.287 -2.298
202512 -0.902 130.366 -0.915
202603 0.372 132.262 0.372

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $-0.28 mean?
Dream Office Real Estate Investment Trust (DRETF) has a E10 of $-0.28 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Dream Office Real Estate Investment Trust and its competitors.
Is Dream Office Real Estate Investment Trust's E10 too high?
Dream Office Real Estate Investment Trust's current E10 is $-0.28. Overall, Dream Office Real Estate Investment Trust has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dream Office Real Estate Investment Trust's E10 compare to BXP and ARE?
Dream Office Real Estate Investment Trust's E10 of $-0.28 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a REITs company?
A good E10 depends on the REITs industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Dream Office Real Estate Investment Trust and its competitors. Dream Office Real Estate Investment Trust's current E10 is $-0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dream Office Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Dream Office Real Estate Investment Trust (DRETF) is currently considered Fairly Valued. The stock's GF Value™ is $13.10, compared to a current price of $12.45 — trading 5% below its estimated fair value. The current E10 is $-0.28. Dream Office Real Estate Investment Trust's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Dream Office Real Estate Investment Trust (DRETF), the current E10 is $-0.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dream Office Real Estate Investment Trust (DRETF) Overvalued in 2026?

Based on GuruFocus' analysis, Dream Office Real Estate Investment Trust stock appears to be undervalued. The current stock price of $12.45 is trading 5% below its estimated GF Value™ of $13.10. GuruFocus considers Dream Office Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for DRETF:

  • E10: $-0.28
  • GF Value™: $13.10 vs. price of $12.45 (5% below fair value)
  • GF Score™: 66/100 with 7 warning signs

No single metric tells the full story. See the DRETF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dream Office Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges D.UN:Canada
Address 30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid-to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation.
66GF Score

Get the complete analysis for DRETF

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.45
Price
$13.10
GF Value