Dream Office Real Estate Investment Trust

D-UN.TOTSXReal Estate● Active

$18.00

$-0.31(-1.69%)

Market Cap$295125840

P/E Ratio—

52W High$21.59

52W Low$15.31

Avg Volume26K

Open$17.53

Beta1.15

Free Cash Flow Financials Revenue

Dream Office Real Estate Investment Trust (D-UN.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

D-UN.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

D-UN.TO · FCF · TTM · margin & CAGR

Free cash flow was −$20.7M for FY2025 (fiscal year ending 2025-12-31), down 149.8% year-over-year The FCF margin was -10.5%.

FY2025 Free Cash Flow−$20.7M▼ -149.8% YoY

Trailing 12M (TTM)−$1.9Mtrailing 4 quarters sum

FCF Margin-10.5%−$20.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

D-UN.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$13.7M(34M)−$20.7M▼ 149.8%-10.5%

FY2024$72.4M(31M)$41.6M▼ 8.8%21.2%

FY2023$70.7M(25M)$45.6M▲ +10.6%23.9%

FY2022$76.7M(35M)$41.2M▼ 57.0%21.0%

FY2021$95.8M(41M)$95.8M▲ +60.8%48.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

D-UN.TO · P/FCF · FCF yield · FCF per share

Dream Office Real Estate Investment Trust (D-UN.TO) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

D-UN.TO · cash flow statement · operating / investing / financing

For FY2025, Dream Office Real Estate Investment Trust generated $13.7M in operating cash flow and spent 34M in capital expenditures, yielding −$20.7M in free cash flow.

Operating Activities

+$13.7M

Cash from core business operations

2025-12-31

Investing Activities

+$143.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$159.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($13.7M) − |CapEx| (34M) = FCF (−$20.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

D-UN.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dream Office Real Estate Investment TrustYOU

D-UN.TO

−$20.7M-149.8%-10.5%

Loss

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dream Office Real Estate Investment Trust (D-UN.TO) reported free cash flow of −$20.7M for FY2025 (fiscal year ending 2025-12-31), down 149.8% year-over-year. The FCF margin was -10.5%.

Based on available data, Dream Office Real Estate Investment Trust has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $170.7M in FY2014.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

D-UN.TO free cash flow · 8 questions

Dream Office Real Estate Investment Trust free cash flow was −$20.7M for FY2025, down 149.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.9M.

D-UN.TO free cash flowD-UN.TO FCFD-UN.TO FCF 2025D-UN.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dream Office Real Estate Investment Trust · Dream Office Real Estate Investment Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026