1
Derived from payout historyIncome reliability
Monthly income profile is visible
D-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.
Market dataIncome framework read
REITTSXCanada
D-UN.TO
Dream Office REIT
Real EstateREIT distributionUnknown
Market Snapshot
$17.58
-$0.17 (-95.77%)
Toronto
Yield
5.69%
Rate $1.00
Next Payment
Next pay in 21 days
Ex-date 2026-05-29
52wk Position
43.28%
-18.57% below high
Updated just now
Income Intelligence Summary
Deterministic interpretation from Prospyr's income framework and available market data.
2
Editorial frameworkDRIP defense
Default DRIP test is not defended
D-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.47.
3
Editorial frameworkMain watch item
Tax character and account placement matter
D-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $8.33
- APR
- 0.474
- Coverage
- 0.474
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $8.33
- Cushion
- -$9.25
- Cushion %
- -52.60%
Current $17.58Break $8.33
Smart Recommendation
D-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Research in progress
DRIP availability
Pending
Tax character
Pending
Distribution history
Pending
Structure Overview
This is a real estate investment trust that owns or finances income-producing real estate and distributes a portion of net income to unitholders. REIT distributions commonly include a mixture of other income, return of capital, and capital gains—each taxed differently in a non-registered account. Holding REITs inside a registered account (RRSP, RRIF, or TFSA) shelters the mixed distribution components from annual tax.
Canadian Planning Notes
- 1REIT distributions held in a non-registered account require tracking the return-of-capital component, which reduces your adjusted cost base and affects future capital gains calculations.
- 2Holding a REIT inside an RRSP or RRIF is generally the most tax-efficient placement for Canadians, as all distribution components are sheltered.
- 3Verify the payout ratio, occupancy rates, and lease expiry schedule with the REIT's most recent management discussion and analysis before planning around the current distribution.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Market Data
Market data
Price
$17.58
Previous close
$17.75
Day range
$17.58 - $17.75
52wk range
$14.52 - $21.59
Market cap
288.2M
Volume
10.1K
Avg volume
28.3K
Exchange
Toronto
Dividend and distribution
Forward rate
$1.00
Trailing rate
$1.00
Forward yield
5.69%
Trailing yield
5.63%
Per payment
$0.08
Cadence
Monthly
Next ex-date
May 29, 2026
Next pay
Jun 15, 2026
Last dividend
$0.08
Last dividend date
Apr 30, 2026
Performance
Daily change
-$0.17
Daily change %
-95.77%
52wk position
43.28%
Below 52wk high
-18.57%
Above 52wk low
21.07%
Open
$17.75
Earnings and financials
Trailing EPS
-6.02
Forward EPS
1.38
Revenue
154.1M
Revenue growth
-0.80%
Profit margin
-75.83%
Operating margin
38.02%
Payout ratio
N/A
Free cash flow
-25.4M
Total cash
10.9M
ROE
-12.02%
ROA
1.65%
Debt/equity
135.1
Beta
N/A
Valuation
Trailing P/E
N/A
Forward P/E
12.74
Price/sales
1.87
Price/book
0.32
Enterprise value
1.5B
EV/EBITDA
24.27
Analyst facts
Target mean
$19.56
Target high
$25.00
Target low
$12.00
Recommendation mean
2.67
Recommendation key
hold
Analysts
9
Canadian Context
Account placement
TFSA
REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.
RRSP: Also shelters distribution complexity when TFSA room is limited.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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Compare With Peers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.