DRETF (Dream Office Real Estate Investment Trust) Scaled Net Operating Assets: 0.94 (As of Mar. 2026)


DRETF Dream Office Real Estate Investment Trust DRETF
66 GF Score
Price $12.45
GF Value $12.39
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Dream Office Real Estate Investment Trust Scaled Net Operating Assets?

Dream Office Real Estate Investment Trust DRETF 66 Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus rates DRETF with a GF Score™ of 66/100 and a GF Value™ of $12.39 (Fairly Valued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dream Office Real Estate Investment Trust's operating assets for the quarter that ended in Mar. 2026 was $1,630.7 Mil. Dream Office Real Estate Investment Trust's operating liabilities for the quarter that ended in Mar. 2026 was $90.0 Mil. Dream Office Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2025 was $1,643.1 Mil. Therefore, Dream Office Real Estate Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.94.


Dream Office Real Estate Investment Trust Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Dream Office Real Estate Investment Trust's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Dream Office Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.89 0.84 0.84 0.85

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
Scaled Net Operating Assets 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 0.88 0.95 0.91 0.93 0.94

DRETF vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

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

For the REITs industry and Real Estate sector, Dream Office Real Estate Investment Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Dream Office Real Estate Investment Trust's Scaled Net Operating Assets falls into.


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

Dream Office Real Estate Investment Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dream Office Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1632.071-92.078)/1814.366
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1643.067 - 10.996
=1632.071

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=990.647 - 817.992 - 80.577
=92.078

Dream Office Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1630.651-90.034)/1643.067
=0.94

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1638.596 - 7.945
=1630.651

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=981.101 - 882.515 - 8.552
=90.034

* 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.

What does a Scaled Net Operating Assets of 0.94 mean?
Dream Office Real Estate Investment Trust (DRETF) has a Scaled Net Operating Assets of 0.94 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dream Office Real Estate Investment Trust and its competitors.
Is Dream Office Real Estate Investment Trust's Scaled Net Operating Assets too high?
Dream Office Real Estate Investment Trust's current Scaled Net Operating Assets is 0.94. 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 Scaled Net Operating Assets compare to BXP and ARE?
Dream Office Real Estate Investment Trust's Scaled Net Operating Assets of 0.94 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dream Office Real Estate Investment Trust and its competitors. Dream Office Real Estate Investment Trust's current Scaled Net Operating Assets is 0.94. 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 $12.39, compared to a current price of $12.45 — trading 0.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.94. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Dream Office Real Estate Investment Trust (DRETF), the current Scaled Net Operating Assets is 0.94 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 overvalued. The current stock price of $12.45 is trading 0.5% above its estimated GF Value™ of $12.39. GuruFocus considers Dream Office Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for DRETF:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: $12.39 vs. price of $12.45 (0.5% above 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

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

$12.45
Price
$12.39
GF Value