Earnings Call Summary | DREAM UNLIMITED CORP(DRUNF.US) Q1 2024 Earnings Conference
Earnings Call Summary | DREAM UNLIMITED CORP(DRUNF.US) Q1 2024 Earnings Conference
The following is a summary of the Dream Unlimited Corp. (DRUNF) Q1 2024 Earnings Call Transcript:
以下是夢想無限公司(DRUNF)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Dream Unlimited reported Q1 pre-tax earnings of $5.4 million, a rise from $4.6 million in the same period last year.
FFO for the quarter was $0.98 per share, significantly up from the prior year mainly due to Western Canada JV sales.
Revenue and NOI of the company's recurring income segment increased to $51 million and $25 million respectively, led by a higher income contribution from the distillery district.
The development segment had revenue and net margin for the period of $43.9 million and negative $6.7 million respectively.
The company ended the quarter with $320 million in total liquidity, maintaining a conservative leverage position of 38%.
Dream Unlimited公佈的第一季度稅前收益爲540萬美元,高於去年同期的460萬美元。
該季度的FFO爲每股0.98美元,比上年大幅增長,這主要歸因於加拿大西部的合資企業的銷售。
在釀酒廠區收入增加的帶動下,公司經常收入板塊的收入和淨資產淨值分別增至5100萬美元和2500萬美元。
開發板塊在此期間的收入和淨利潤率分別爲4,390萬美元和負670萬美元。
該公司在本季度末的總流動性爲3.2億美元,保守的槓桿率保持在38%。
Business Progress:
業務進展:
Dream Unlimited is seeing significant strength in West Canada which is expected to benefit future business.
The company's asset management business is performing well, growing the portfolio by about $1 billion.
Focus is on property development, especially retail and residential apartments.
Dream has commitments for an additional 370 lots and 106 acres in West Canada development through 2025 representing $162 million in revenue.
The company increased its liquidity and is considering buying back more stocks, having already repurchased about 600,000 in the last 12 months.
The company has a piece of land under contract linking its Eastern and Western holdings and is progressing on the development of schools and a community center in Saskatoon expected to complete around 2026 or 2027.
Dream Unlimited在加拿大西部看到了巨大的實力,預計這將有利於未來的業務。
該公司的資產管理業務表現良好,投資組合增長了約10億美元。
重點是房地產開發,尤其是零售和住宅公寓。
Dream承諾到2025年在加拿大西部再開發370塊地塊和106英畝土地,相當於1.62億加元的收入。
該公司增加了流動性,並正在考慮回購更多股票,在過去的12個月中已經回購了約60萬隻股票。
該公司在合同中擁有一塊連接其東西方財產的土地,並且在薩斯卡通的學校和社區中心的開發工作正在取得進展,預計將於2026年或2027年左右完工。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。