Dream Unlimited Corporation (DRM) 2016年年度报告「TSX」.pdf

1、2016 Annual ReportDream(TSX:DRM)is an award-winning Canadian real estate company with$14.0 billion of assets in North America and Europe.The scope of the business includes residential land development,housing and condominium development,asset management and management services for four Toronto Stock

2、 Exchange(“TSX”)-listed trusts and institutional partnerships,investments in and management of Canadian renewable energy infrastructure and commercial property ownership.We had a significant year in 2016,delivering strong financial results,successfully repatriating our capital and profits from deliv

3、ering and closing over 1,450 condo-minium units in downtown Toronto,executing on several acquisitions of incredible future residential,mixed-use and commercial development sites in Toronto,securing the highest ever future sale commitments within our land business in Western Canada and ending the yea

4、r with a strong liquidity position.Over the past few years,Dream has shifted its business more towards development.The changes include:the development of retail centres within our master-planned communities in Western Canada;the recent emergence of commercial development on our lands;and the signifi

5、-cant expansion of condominium and mixed-use within our urban developments.We expect that we will add approximately 100,000 square feet of newly developed retail properties on our lands annually at attractive returns.The operating income generated from these properties will become more and more sign

6、ificant to our income and business over the next few years.We are also in the advanced planning stages to build our first commercial properties on our lands in Western Canada.We are also adding to our income properties in Toronto by retaining the urban retail developed within our condominium propert