Dream Residential REIT (Dream Residential REIT) Debt-to-EBITDA : 2.58 (As of Jun. 2023)

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What is Dream Residential REIT Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Dream Residential REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Dream Residential REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $140.55 Mil. Dream Residential REIT's annualized EBITDA for the quarter that ended in Jun. 2023 was $54.41 Mil. Dream Residential REIT's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 2.58.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Dream Residential REIT's Debt-to-EBITDA or its related term are showing as below:

DRREF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -27.09 Med: -27.09 Max: 4.38
Current: 4.38

During the past 2 years, the highest Debt-to-EBITDA Ratio of Dream Residential REIT was 4.38. The lowest was -27.09. And the median was -27.09.

DRREF's Debt-to-EBITDA is ranked better than
75.79% of 508 companies
in the REITs industry
Industry Median: 7.22 vs DRREF: 4.38

Dream Residential REIT Debt-to-EBITDA Historical Data

The historical data trend for Dream Residential REIT's Debt-to-EBITDA 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.

* Premium members only.

Dream Residential REIT Debt-to-EBITDA Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

N/A

-27.09

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			1.30	N/A	-4.21	2.58	N/A

Competitive Comparison of Dream Residential REIT's Debt-to-EBITDA

For the REIT - Residential subindustry, Dream Residential REIT's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Residential REIT's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dream Residential REIT's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Dream Residential REIT's Debt-to-EBITDA falls into.

Dream Residential REIT Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Dream Residential REIT's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	137.632)	/	-5.081
	=	-27.09

Dream Residential REIT's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	140.549)	/	54.408
	=	2.58

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2023) EBITDA data.

Dream Residential REIT (OTCPK:DRREF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Dream Residential REIT Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Dream Residential REIT's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.