Dream Unlimited Corporation (DRM) 2022年年度报告「TSX」.pdf

1、Dream Unlimited Corp.Annual Report 2022FormaToronto,ONDream is an award-winning real estate company with$23 billion of assets under management in North America and Europe.Although there have been many challenges in 2022,with rising inflation,interest rates and war,our business lines have performed r

2、elatively well,and we continue to grow our asset management business,complete high-quality development assets and add to our development pipeline.Our recurring income has grown year-over-year both from our asset management business and our income property portfolio and we believe our business is wel

3、l positioned for todays macro environment.In the last 12 months,we have acquired Summit REIT in a$5.9 billion all cash transaction,created a$1.5 billion joint venture with a sovereign wealth fund to develop industrial properties in Ontario,completed the IPO of Dream Residential REIT and raised$110 m

4、illion on the second closing for Dream Impact Fund.We believe the asset management business provides the opportunity for rapid growth in our earnings and creates significant value for our shareholders.Including the closing of the Summit transaction last week,we have over$23 billion in assets under m

5、anagement an increase of over$8 billion since the end of 2021.Our assets under management in the industrial and residential rental asset classes has increased to 72%,up from 59%over the same period.Our income property portfolio includes our portfolio of nearly 1,600 multi-family rental units in the

6、GTA,the National Capital region and Western Canada,our retail properties including the Distillery District,our two boutique hotels in Toronto,and Arapahoe Basin,our ski hill in Colorado.Arapahoe Basin had its strongest performance ever in 2022 and we have seen an excellent start to 2023.By the end o