DRETF (Dream Office Real Estate Investment Trust) ROE %: 4.49% (As of Mar. 2026) — 16% Below Median


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 ROE %?

Dream Office Real Estate Investment Trust DRETF 66 ROE % is 4.49% as of Mar. 2026, which is 16% below its 10-year median of 5.35. 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. Among 933 REITs companies, Dream Office Real Estate Investment Trust ranks worse than 94.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. 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 Stockholders Equity over the quarter that ended in Mar. 2026 was $655.0 Mil. Therefore, Dream Office Real Estate Investment Trust's annualized ROE % for the quarter that ended in Mar. 2026 was 4.49%.

The historical rank and industry rank for Dream Office Real Estate Investment Trust's ROE % or its related term are showing as below:

DRETF' s ROE % Range Over the Past 10 Years
Min: -30.06   Med: 5.35   Max: 11.91
Current: -12.25

During the past 13 years, Dream Office Real Estate Investment Trust's highest ROE % was 11.91%. The lowest was -30.06%. And the median was 5.35%.

DRETF's ROE % is ranked worse than
94.21% of 933 companies
in the REITs industry
Industry Median: 6.2 vs DRETF: -12.25

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

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=29.404/654.9575
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(29.404 / 135.024)*(135.024 / 1640.8315)*(1640.8315 / 654.9575)
=Net Margin %*Asset Turnover*Equity Multiplier
=21.78 %*0.0823*2.5052
=ROA %*Equity Multiplier
=1.79 %*2.5052
=4.49 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=29.404/654.9575
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (29.404 / 29.404) * (29.404 / 61.388) * (61.388 / 135.024) * (135.024 / 1640.8315) * (1640.8315 / 654.9575)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.479 * 45.46 % * 0.0823 * 2.5052
=4.49 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Dream Office Real Estate Investment Trust ROE % Related Terms


Dream Office Real Estate Investment Trust ROE % Historical Data

* Premium members only.

The historical data trend for Dream Office Real Estate Investment Trust's ROE % 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 ROE % Chart

Dream Office Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.12 4.01 -5.69 -8.91 -16.45

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
ROE % 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 -12.45 -16.83 -25.13 -10.67 4.49

DRETF vs BXP, ARE, VNO: ROE % Comparison

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

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

* The bar in red indicates where Dream Office Real Estate Investment Trust's ROE % falls into.


DRETF
66GF Score
Dream Office Real Estate Investment Trust DRETF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dream Office Real Estate Investment Trust ROE % Calculation

Dream Office Real Estate Investment Trust's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-116.063/( (758.421+652.42)/ 2 )
=-116.063/705.4205
=-16.45 %

Dream Office Real Estate Investment Trust's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=29.404/( (652.42+657.495)/ 2 )
=29.404/654.9575
=4.49 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 4.49% mean?
Dream Office Real Estate Investment Trust (DRETF) has a ROE % of 4.49% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Dream Office Real Estate Investment Trust and its competitors. This is 16% below median its historical median of 5.35. According to the industry distribution chart, Dream Office Real Estate Investment Trust ranks #879 out of 933 companies in the REITs industry, placing it in the top 94.2%.
Is Dream Office Real Estate Investment Trust's ROE % too high?
Dream Office Real Estate Investment Trust's current ROE % of 4.49% is 16% below median its 10-year median of 5.35. The REITs industry median ROE % is 6.20. Dream Office Real Estate Investment Trust's value of 4.49% is 27.6% below this industry median. Based on the distribution chart, Dream Office Real Estate Investment Trust ranks #879 out of 933 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 ROE % compare to BXP and ARE?
According to the REITs industry distribution chart, Dream Office Real Estate Investment Trust ranks #879 out of 933 companies for ROE %. This places Dream Office Real Estate Investment Trust in the lower half of its industry. The industry median ROE % is 6.20. Dream Office Real Estate Investment Trust's value of 4.49% is 27.6% below this benchmark. While the company's 10-year median is 5.35 vs. the industry median of 6.20, 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.20, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % of 4.49% is 27.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Dream Office Real Estate Investment Trust and its competitors. For the REITs industry, the median ROE % is 6.20 — 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 ROE % is 4.49%, which is 16% below median its own 10-year median of 5.35. 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 ROE % is 4.49%, which is 16% below median its 10-year median of 5.35 and 27.6% below the REITs industry median of 6.20. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Dream Office Real Estate Investment Trust (DRETF), the current ROE % is 4.49% 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:

  • ROE %: 4.49% (16% below median its 10-year median of 5.35)
  • GF Value™: $13.10 vs. price of $12.45 (5% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 27.6% below the REITs median (#879 of 933)

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

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

$12.45
Price
$13.10
GF Value