DRETF (Dream Office Real Estate Investment Trust) Return-on-Tangible-Asset: 1.79% (As of Mar. 2026) — 30% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DRETF Dream Office Real Estate Investment Trust DRETF
66 GF Score
Price $12.97
GF Value $13.25
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Dream Office Real Estate Investment Trust Return-on-Tangible-Asset?

Dream Office Real Estate Investment Trust DRETF +4.18% 66 Return-on-Tangible-Asset is 1.79% as of Mar. 2026, which is 30% below its 10-year median of 2.57. GuruFocus rates DRETF with a GF Score™ of 66/100 and a GF Value™ of $13.25 (Fairly Valued). The stock has 9 warning signs investors should review. Among 939 REITs companies, Dream Office Real Estate Investment Trust ranks worse than 92.44% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Dream Office Real Estate Investment Trust's annualized Net Income for the quarter that ended in Mar. 2026 was $29.4 Mil. Dream Office Real Estate Investment Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $1,640.8 Mil. Therefore, Dream Office Real Estate Investment Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.79%.

The historical rank and industry rank for Dream Office Real Estate Investment Trust's Return-on-Tangible-Asset or its related term are showing as below:

DRETF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.38   Med: 2.57   Max: 6.11
Current: -5.04

During the past 13 years, Dream Office Real Estate Investment Trust's highest Return-on-Tangible-Asset was 6.11%. The lowest was -14.38%. And the median was 2.57%.

DRETF's Return-on-Tangible-Asset is ranked worse than
92.44% of 939 companies
in the REITs industry
Industry Median: 3.27 vs DRETF: -5.04

Dream Office Real Estate Investment Trust  (OTCPK:DRETF) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Dream Office Real Estate Investment Trust Return-on-Tangible-Asset Related Terms


Dream Office Real Estate Investment Trust Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Dream Office Real Estate Investment Trust's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart

Dream Office Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.18 2.01 -2.71 -3.87 -6.71

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
Return-on-Tangible-Asset 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 -5.27 -7.18 -10.43 -4.28 1.79

DRETF vs BXP, ARE, VNO: Return-on-Tangible-Asset Comparison

For the REIT - Office subindustry, Dream Office Real Estate Investment Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Dream Office Real Estate Investment Trust's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Dream Office Real Estate Investment Trust's Return-on-Tangible-Asset falls into.


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

Dream Office Real Estate Investment Trust Return-on-Tangible-Asset Calculation

Dream Office Real Estate Investment Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-116.063/( (1814.366+1643.067)/ 2 )
=-116.063/1728.7165
=-6.71 %

Dream Office Real Estate Investment Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=29.404/( (1643.067+1638.596)/ 2 )
=29.404/1640.8315
=1.79 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 1.79% mean?
Dream Office Real Estate Investment Trust (DRETF) has a Return-on-Tangible-Asset of 1.79% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dream Office Real Estate Investment Trust and its competitors. This is 30% below median its historical median of 2.57. According to the industry distribution chart, Dream Office Real Estate Investment Trust ranks #868 out of 939 companies in the REITs industry, placing it in the top 92.4%.
Is Dream Office Real Estate Investment Trust's Return-on-Tangible-Asset too high?
Dream Office Real Estate Investment Trust's current Return-on-Tangible-Asset of 1.79% is 30% below median its 10-year median of 2.57. The REITs industry median Return-on-Tangible-Asset is 3.27. Dream Office Real Estate Investment Trust's value of 1.79% is 45.3% below this industry median. Based on the distribution chart, Dream Office Real Estate Investment Trust ranks #868 out of 939 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Return-on-Tangible-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, Dream Office Real Estate Investment Trust ranks #868 out of 939 companies for Return-on-Tangible-Asset. This places Dream Office Real Estate Investment Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Dream Office Real Estate Investment Trust's value of 1.79% is 45.3% below this benchmark. While the company's 10-year median is 2.57 vs. the industry median of 3.27, Dream Office Real Estate Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dream Office Real Estate Investment Trust's current Return-on-Tangible-Asset of 1.79% is 45.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dream Office Real Estate Investment Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dream Office Real Estate Investment Trust's current Return-on-Tangible-Asset is 1.79%, which is 30% below median its own 10-year median of 2.57. 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 $13.25, compared to a current price of $12.97 — trading 2.1% below its estimated fair value. The current Return-on-Tangible-Asset is 1.79%, which is 30% below median its 10-year median of 2.57 and 45.3% below the REITs industry median of 3.27. Dream Office Real Estate Investment Trust's overall GF Score™ is 66/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Dream Office Real Estate Investment Trust (DRETF), the current Return-on-Tangible-Asset is 1.79% 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 $12.97 is trading 2.1% below its estimated GF Value™ of $13.25. GuruFocus considers Dream Office Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for DRETF:

  • Return-on-Tangible-Asset: 1.79% (30% below median its 10-year median of 2.57)
  • GF Value™: $13.25 vs. price of $12.97 (2.1% below fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 45.3% below the REITs median (#868 of 939)

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

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

$12.97
Price
$13.25
GF Value