)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
DREAM Unlimited
DREAM Unlimited (DRM) investor relations material
DREAM Unlimited Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary11 Aug, 2026
Executive summary
Assets under management reached $28 billion as of June 30, 2026, with fee-earning AUM at $21 billion, reflecting growth across mandates, acquisitions, and joint ventures.
Q2 2026 revenue was $75.6 million, up from $68.2 million in Q2 2025; net margin rose to $16.5 million, and net loss narrowed to $0.9 million from $25.0 million year-over-year, driven by improved fair value adjustments and higher segment earnings.
Major joint venture with CPP Investments and Dream Industrial REIT closed, seeding $805 million of assets; acquisition of Chancerygate Limited in the UK announced to expand the European asset management platform.
1,062 rental units are operational, with 951 more under construction for completion by end of 2027, supporting future income growth.
396,558 shares were repurchased for $7.8 million, and $14.7 million was returned to shareholders via dividends in the first half of 2026.
Financial highlights
Q2 2026 revenue: $75.6 million (Q2 2025: $68.2 million); net margin: $16.5 million (Q2 2025: $11.0 million); net margin percentage improved to 21.9%.
Asset management Q2 2026 revenue and net margin were $14.1 million and $9.8 million, up from $11.6 million and $6.9 million year-over-year.
Income properties Q2 2026 NOI was $7.7 million, a 13% increase year-over-year, with revenue at $13.9 million.
Western Canada development: 58 lot sales, 29 occupancies in Q2 2026; $223.2 million in sales commitments secured for 2026–2028.
Total assets as of June 30, 2026: $4.1 billion; total equity: $1.43 billion.
Outlook and guidance
Majority of income from Western Canada development is expected in the second half of the year due to seasonality.
951 rental units under construction are expected to be completed by the end of 2027, contributing to future NOI growth.
Expects income from new joint ventures and the Chancerygate acquisition to drive future fee income and AUM growth.
Infrastructure work will unlock 2,300 acres for development in the next 12 months.
Revised pre-sales expectations for certain retail land due to municipal delays, shifting some revenue from 2027 to 2028.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from DREAM Unlimited
- $28B AUM, $55 NAV/share, 8% NAV growth, director elections, and major new developments.DRM
AGM 2026 - Q1 2026 delivered improved results, strong liquidity, and growth in asset management and income properties.DRMQ1 2026
- Q4 strength in Western Canada and asset management, with dividend and book value per share up.DRMQ4 2025
- Q3 2025 delivered strong growth, higher margins, and robust liquidity across core segments.DRMQ3 2025
- Q2 2025 posted a $25M net loss, but Western Canada and asset management drive future growth.DRMQ2 2025
- AUM reached $28B; strong asset management and development offset lower revenue and net income.DRMQ1 2025
- AUM hit $27B; Q3 loss on lot sales, but major deals and a special dividend are expected.DRMQ3 2024
- Q2 profit surged on land sales and asset management, with strong liquidity and outlook.DRMQ2 2024
- Directors elected, auditors reappointed, and strong growth with major projects planned for 2024.DRMAGM 2024
Next DREAM Unlimited earnings date
Q3 202611 Nov, 2026
DREAM Unlimited
Next DREAM Unlimited earnings date
Q3 202611 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Dream Unlimited Corp. is a leading real estate asset management and development company with assets under management in North America and Europe. Dream has an established track record for being innovative and for its ability to source, structure, and execute on a wide range of real estate investment opportunities. Their diversified portfolio includes residential land, multi-family development, commercial, industrial and infrastructure opportunities. Dream is also active in the renewable energy and infrastructure sectors through its partnership with Dream Industrial REIT.