DRETF
Dream Office Real Estate Investment Trust
OTC Markets OTCPKUSDEQUITY
Real Estate
DELAYED
Last price
13.51
■ 0.00 (0.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
13.51
Prev close
13.51
Day high
13.52
Day low
13.52
Volume
100
Market cap
$257.44M
P/E (TTM)
—
52W range
11.68 – 14.60
Day trading desk
Gap from prior close
-0.00%
Prior close 13.51
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
—
13.51 – 13.51
Position in range
—
—
ATR (14D)
0.03
0.20% of price
Prior day high
13.51
PDH
Prior day low
13.51
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 170
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.73%
+0.6%
1M
+0.52%
-3.2%
3M
+8.51%
+5.4%
6M
+5.71%
-5.4%
YTD
+9.48%
-2.8%
1Y
+11.10%
-8.9%
3Y
-30.07%
-104.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on DRETF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
7.30M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 17, 26 | Leitch (K. Kellie) Director of Issuer |
— | 1.01K | — | Direct |
| Jul 17, 26 | Leitch (K. Kellie) Director of Issuer |
SELL | 114 | $1.53K | Direct |
| Jul 16, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 12.72K | $172.90K | Indirect |
| Jul 13, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 7.27K | $98.95K | Indirect |
| Jul 10, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 1.82K | $24.48K | Indirect |
| Jul 9, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 31.19K | $417.26K | Indirect |
| Jul 7, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 9.09K | $120.30K | Indirect |
| Jul 6, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 4.36K | $57.06K | Indirect |
| Jul 3, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 7.05K | $92.63K | Indirect |
| Jul 2, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 118.45K | $1.55M | Indirect |
| Jun 30, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 78.20K | $992.04K | Indirect |
| Jun 19, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 60 | $763 | Indirect |
| Jun 18, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 2.76K | $35.16K | Indirect |
| Jun 17, 26 | RFA Financial Inc 10% Security Holder of Issuer |
BUY | 3.64K | $46.85K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Cooper (Michael J) |
Director of Issuer | 212.39K | Acquisition or disposition by gift |
Hughes (Robert Michael Lockwood) |
Senior Officer of Issuer | 1.91K | Change in nature of ownership |
Lau (Derrick Siu-Ming) |
Senior Officer of Issuer | — | Opening Balance-Initial SEDI Report |
Leitch (K. Kellie) |
Director of Issuer | 14.65K | Exercise of rights |
RFA Financial Inc |
10% Security Holder of Issuer | — | Redemption, retraction, cancelation, repurchase |
Fundamentals
Market cap$257.44M
Enterprise value$1.43B
Revenue (TTM)$180.88M
Gross profit$98.02M
EBITDA$87.84M
Net income$-82.64M
EPS (TTM)$-3.08
Free cash flow$26.37M
Total cash$11.45M
Total debt$1.22B
Book value / share$39.35
Shares outstanding16.44M
Float16.00M
Short % of float—
Dividend yield5.36%
Beta (5Y)1.13
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book0.34
EV / revenue7.89
EV / EBITDA16.25
Gross margin54.19%
Operating margin51.45%
Profit margin-45.69%
Return on equity-8.77%
Return on assets2.41%
Debt / equity136.49
Current ratio0.14
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $183.38M | $196.11M | $190.45M | $196.27M | -6.5% |
| Operating revenue | $183.38M | $196.11M | $190.45M | $196.27M | -6.5% |
| Cost of revenue | $82.79M | $89.98M | $88.11M | $90.15M | -8.0% |
| Gross profit | $100.59M | $106.13M | $102.33M | $106.12M | -5.2% |
| Selling, general & admin | $11.73M | $12.48M | $12.39M | $11.98M | -6.0% |
| Total operating expense | $11.73M | $12.60M | $12.55M | $12.41M | -6.8% |
| Operating income | $88.86M | $93.54M | $89.78M | $93.71M | -5.0% |
| Net interest income | -$64.31M | -$66.32M | -$61.33M | -$54.88M | +3.0% |
| Pre-tax income | -$159.63M | -$107.22M | -$77.15M | $64.31M | -48.9% |
| Tax provision | $476.00K | -$2.29M | $47.00K | $672.00K | +120.8% |
| Net income | -$160.11M | -$104.93M | -$77.20M | $63.64M | -52.6% |
| Net income to common | -$160.11M | -$104.93M | -$77.20M | $63.64M | -52.6% |
| Basic EPS | -8.25 | -5.44 | -3.47 | 2.41 | -51.7% |
| Diluted EPS | -8.25 | -5.44 | -3.47 | 2.39 | -51.7% |
| EBIT | -$96.22M | -$40.86M | -$14.43M | $119.86M | -135.5% |
| EBITDA | -$96.22M | -$40.74M | -$14.27M | $120.29M | -136.2% |
| Basic shares | 19.41M | 19.30M | 22.26M | 26.46M | +0.5% |
| Diluted shares | 19.67M | 19.50M | 22.41M | 26.59M | +0.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $15.17M | $18.27M | $13.27M | $8.02M | — | -17.0% |
| Cash & short-term investments | $15.17M | $18.27M | $13.27M | $8.02M | — | -17.0% |
| Accounts receivable | $6.70M | $5.28M | $77.00K | $1.27M | — | +26.9% |
| Total current assets | $38.00M | $154.49M | $23.62M | $160.09M | — | -75.4% |
| Property, plant & equipment | — | $0 | $121.00K | $281.00K | $712.00K | — |
| Total assets | $2.27B | $2.58B | $2.67B | $3.07B | — | -12.3% |
| Total current liabilities | $214.54M | $521.22M | $193.95M | $321.65M | — | -58.8% |
| Current debt | $111.16M | $351.54M | $85.37M | $265.97M | — | -68.4% |
| Long-term debt | $1.12B | $956.08M | $1.25B | $1.11B | — | +17.6% |
| Total debt | $1.24B | $1.31B | $1.34B | $1.38B | — | -5.5% |
| Total liabilities | $1.37B | $1.50B | $1.47B | $1.53B | — | -9.2% |
| Retained earnings | -$949.44M | -$764.79M | -$642.16M | -$321.77M | — | -24.1% |
| Shareholder equity | $900.01M | $1.08B | $1.20B | $1.53B | — | -16.7% |
| Working capital | -$176.54M | -$366.73M | -$170.33M | -$161.56M | — | +51.9% |
| Net tangible assets | $900.01M | $1.08B | $1.20B | $1.53B | — | -16.7% |
| Shares issued | 16.37M | 16.34M | 16.31M | 23.06M | — | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$160.11M | -$104.93M | -$77.20M | $63.64M | -52.6% |
| Depreciation & amortisation | $2.00K | $121.00K | $162.00K | $430.00K | -98.3% |
| Stock-based compensation | $1.90M | $1.72M | $1.86M | $2.69M | +10.7% |
| Change in working capital | -$2.92M | -$3.35M | -$657.00K | -$6.36M | +12.8% |
| Operating cash flow | $71.52M | $72.39M | $70.72M | $76.67M | -1.2% |
| Capital expenditure | -$34.46M | -$30.79M | -$25.11M | -$35.43M | -11.9% |
| Investing cash flow | $150.13M | -$21.07M | $286.12M | -$19.24M | +812.6% |
| Share buybacks | $0 | -$99.00K | -$216.51M | -$43.01M | +100.0% |
| Dividends paid | -$16.36M | -$19.05M | -$39.07M | -$46.98M | +14.1% |
| Financing cash flow | -$224.22M | -$47.15M | -$351.41M | -$58.59M | -375.6% |
| Free cash flow | $37.06M | $41.61M | $45.62M | $41.24M | -10.9% |
| End cash position | $15.17M | $18.27M | $13.27M | $8.02M | -17.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $46.31M | $45.01M | $45.94M | $44.51M | $47.93M | +2.9% |
| Operating revenue | $46.31M | $45.01M | $45.94M | $44.51M | $47.93M | +2.9% |
| Cost of revenue | $22.14M | $18.82M | $21.34M | $19.71M | $22.93M | +17.6% |
| Gross profit | $24.17M | $26.19M | $24.61M | $24.80M | $25.00M | -7.7% |
| Selling, general & admin | $3.12M | $2.89M | $3.01M | $3.17M | $2.66M | +7.8% |
| Total operating expense | $3.12M | $2.89M | $3.01M | $3.17M | $2.66M | +7.8% |
| Operating income | $21.06M | $23.30M | $21.60M | $21.62M | $22.34M | -9.6% |
| Net interest income | -$16.19M | -$15.74M | -$15.95M | -$16.00M | -$16.61M | -2.9% |
| Pre-tax income | $10.09M | -$24.31M | -$60.61M | -$41.65M | -$33.06M | +141.5% |
| Tax provision | $0 | $56.00K | $161.00K | $135.00K | $124.00K | -100.0% |
| Net income | $10.09M | -$24.37M | -$60.77M | -$41.79M | -$33.18M | +141.4% |
| Net income to common | $10.09M | -$24.37M | -$60.77M | -$41.79M | -$33.18M | +141.4% |
| Basic EPS | 0.52 | — | -3.13 | -2.16 | -1.72 | — |
| Diluted EPS | 0.51 | — | -3.13 | -2.16 | -1.72 | — |
| EBIT | $26.34M | -$10.13M | -$44.55M | -$25.49M | -$16.05M | +360.2% |
| EBITDA | $26.34M | -$10.13M | -$44.55M | -$25.49M | -$16.05M | +360.2% |
| Basic shares | 19.46M | — | 19.40M | 19.39M | 19.34M | — |
| Diluted shares | 19.74M | — | 19.66M | 19.64M | 19.57M | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $10.90M | $15.17M | $19.40M | $18.94M | $18.05M | — | -28.1% |
| Cash & short-term investments | $10.90M | $15.17M | $19.40M | $18.94M | $18.05M | — | -28.1% |
| Accounts receivable | $13.14M | $6.70M | $11.48M | $10.57M | $9.39M | — | +96.0% |
| Total current assets | $64.18M | $38.00M | $31.03M | $29.98M | $43.14M | — | +68.9% |
| Property, plant & equipment | — | — | — | — | — | $0 | — |
| Total assets | $2.25B | $2.27B | $2.30B | $2.34B | $2.44B | — | -0.8% |
| Total current liabilities | $115.24M | $214.54M | $134.02M | $116.23M | $141.61M | — | -46.3% |
| Current debt | $11.73M | $111.16M | $29.62M | $21.16M | $43.07M | — | -89.4% |
| Long-term debt | $1.21B | $1.12B | $1.20B | $1.20B | $1.22B | — | +7.3% |
| Total debt | $1.22B | $1.24B | $1.23B | $1.22B | $1.27B | — | -1.4% |
| Total liabilities | $1.35B | $1.37B | $1.37B | $1.34B | $1.39B | — | -1.5% |
| Retained earnings | -$943.45M | -$949.44M | -$912.79M | -$847.93M | -$802.05M | — | +0.6% |
| Shareholder equity | $902.08M | $900.01M | $929.24M | $993.06M | $1.04B | — | +0.2% |
| Working capital | -$51.05M | -$176.54M | -$103.00M | -$86.26M | -$98.47M | — | +71.1% |
| Net tangible assets | $902.08M | $900.01M | $929.24M | $993.06M | $1.04B | — | +0.2% |
| Shares issued | 16.39M | 16.37M | 16.37M | 16.36M | 16.36M | — | +0.2% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $10.09M | -$24.37M | -$60.77M | -$41.79M | -$33.18M | — | +141.4% |
| Depreciation & amortisation | $0 | $0 | $0 | $1.00K | $1.00K | — | — |
| Stock-based compensation | $488.00K | $476.00K | $486.00K | $540.00K | $397.00K | — | +2.5% |
| Change in working capital | -$2.20M | -$1.91M | $945.00K | $221.00K | -$1.75M | — | -15.3% |
| Operating cash flow | $10.87M | $14.79M | $18.58M | $17.49M | $20.88M | — | -26.5% |
| Capital expenditure | -$5.57M | -$15.82M | -$7.74M | -$5.38M | -$5.52M | — | +64.8% |
| Investing cash flow | $4.99M | -$3.49M | -$8.49M | $46.26M | $115.85M | — | +242.7% |
| Share buybacks | — | $0 | $0 | $0 | $0 | $0 | — |
| Dividends paid | -$4.09M | -$4.09M | -$4.09M | -$4.09M | -$4.08M | — | -0.0% |
| Financing cash flow | -$19.81M | -$15.36M | -$9.88M | -$62.27M | -$136.94M | — | -29.0% |
| Free cash flow | $5.30M | -$1.04M | $10.84M | $12.12M | $15.35M | — | +612.0% |
| End cash position | $10.90M | $15.17M | $19.40M | $18.94M | $18.05M | — | -28.1% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $44.60M | -2.9% |
| Next quarter | — | — | $43.70M | -2.9% |
| Current year | — | — | $182.18M | -0.6% |
| Next year | — | — | $184.60M | +1.3% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders44.40%
Held by institutions1.87%
Institutions holding17
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
13.53
-0.12% from price
SMA 20
13.48
+0.20% from price
SMA 50
13.05
+3.54% from price
SMA 100
12.62
+7.08% from price
SMA 200
12.66
+6.72% from price
EMA 12
13.50
+0.11% from price
EMA 26
13.37
+1.08% from price
EMA 50
13.14
+2.84% from price
RSI (14)
75.1
Overbought
MACD (12,26,9)
0.13
Hist -0.03
ATR (14)
0.03
0.20% of price
Realised vol 30D
10.9%
Annualised
Bollinger upper
13.60
20, 2σ
Bollinger lower
13.36
20, 2σ
50 / 200 cross
Golden
13.05 vs 12.66
Trend bias
Above 200
+6.72%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.15
Less volatile than market
Correlation to SPY
0.07
Largely independent
Realised vol 30D
10.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-20.0%
Peak to trough
Max drawdown 5Y
-77.8%
Peak to trough
ATR 14
0.03
0.20% of price
Beta (reported)
1.13
5Y monthly, from filing
Dividends & splits
Forward rate$0.72 / yr
Forward yield5.36%
5-year avg yield6.58%
Payout ratio233.42%
Ex-dividend dateAug 31, 2026
Next pay dateJul 15, 2024
Last split—
Split date—
Headlines
Dream Office REIT Announces August 2026 Monthly Distribution
Business Wire · 3d ago
Dream Office REIT Reports Q2 2026 Results
Business Wire · 17d ago
Dream Office REIT Announces July 2026 Monthly Distribution
Business Wire · 32d ago
RFA Financial Announces Disposition of Units of Dream Office REIT
CNW Group · 45d ago
Dream Office REIT Declares June Distribution of $0.08333 Per REIT Unit
MT Newswires · 65d ago
Dream Office REIT Announces June 2026 Monthly Distribution
Business Wire · 65d ago
Dream Office REIT Announces Voting Results of Annual Meeting of Unitholders
Business Wire · 81d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.