Dream Impact Trust targets projects that create positive and lasting impacts on communities and the environment, while achieving market returns. The Trust provides investors with access to an exceptional portfolio of real estate development and income properties that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas.

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Overview

Diverse portfolio of high-quality real estate assets

First

publicly traded impact investing vehicle in Canada.

$9.31

net asset value
as at December 31, 2021.(1)
(updated annually)

1) For the Trust’s definition of the following specified financial measure: NAV per unit, please refer to the Specified Financial Measures and Other Disclosures section of the 2021 Annual Report. NAV per unit is updated annually. NAV is not a standardized financial measure under IFRS and might not be comparable to similar measures disclosed by other issuers.

Dream Impact Report

June 2022

Dream Impact Report 2022

May 2022

Dream Disclosure Statement

May 2021

Dream Impact Report 2021

Current Investor Presentation

November 2022

Investor Presentation

Impact Financing Framework

May 2022

Impact Financing Framework

July 2021

Impact Financing Framework Eligibility Assessment

Have a question for us?

Investor Inquiries

Dream Impact Trust 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Transfer Agent

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

About

Dream Impact Trust

Dream Impact Trust is dedicated to impact investing. Impact investing is the intention of creating measurable, positive, social and environmental change in our communities and for our stakeholders, while generating attractive financial returns.

The Trust’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, and recurring income.

Our fundamental objectives are to:

  • Create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities;
  • Balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and net asset value (“NAV”)(1) over time;
  • Leverage our access to an experienced management team and strong partnerships in order to generate attractive returns for investors;
  • Provide investors with a portfolio of high-quality real estate assets, concentrated in core geographic markets; and
  • Provide predictable distributions to unitholders on a tax-efficient basis.

    (1)Represents a non-GAAP measure. For the Trust’s definition of the following non-GAAP measure: NAV, please refer to the Specified Financial Measures and Other Disclosure section of the MD&A. NAV is not a standardized measure under IFRS and might not be comparable to similar measures disclosed by other issuers.

Operating Segments

The Trust’s operating segments currently consist of the following:

  • Recurring income — comprised of a portfolio of stabilized office and commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (“GTA”) and Ottawa/Gatineau, a utility asset(1), interest-paying corporate loans; and
  • Development and investment holdings — comprised of direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables.

    (1) Relates to Zibi Community Utility. For further details, refer to Summary of Impact Investments of the MD&A.

Our Impact Portfolio

Aerial rendering of entire Zibi Community includes river and bridge between Ottawa and Gatineau.
Gatineau/Ottawa

Zibi

A 34 -acre mixed use waterfront community in the National Capital Region which will be the first designated “One Planet Master-Planned Community” in Canada. It is expected to be one of the least environmentally impactful communities in North America.

Rendering of West Don Lands Community on a bright sunny day with kids playing on the sidewalk in Toronto, ON
Block 20 – West Don Lands – Toronto, ON
Toronto

West Don Lands

The West Don Lands is a purpose built, LEED Gold, rental community and is one of the largest affordable housing projects in Canada. It is the first development within the Provincial Affordable Housing Lands Program to break ground.

Rendering of Dream's Indigenous Hub located in the Canary District, Toronto, ON
Indigenous Hub – Canary District – Toronto, ON
Canary District, Toronto

Indigenous Hub

The first purpose-built, Indigenous Hub in a major North American City being developed in partnership with Anishnawbe Health Toronto and will provide the indigenous community with a health centre, career centre, and day-care, as well as an integrated market rental apartment.

Aerial Rendering of entire Brightwater Community in Port Credit Ontario showing lakefront views and green rooftops.
Brightwater – Mississauga, ON
Mississauga

Brightwater

Brightwater will be transformed from a former oil refinery into a vibrant, green, mixed use waterfront community and home for 6,000 people in the highly desirable Port Credit neighbourhood.

Want to learn more?

If you have any questions or inquiries, please contact [email protected]

Impact

Overview

Impact Investing is one of the fastest growing segments of the $3.2 trillion sustainable investing market.

Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. Integrating impact into our projects is financially attractive and actively contributes to our mission of making a meaningful positive and lasting impact within our communities.

As an investor and developer of communities, Dream is in a strong position to improve sustainability and advance socio-economic equality through purposeful development and management of real estate.

rendering of people enjoying west don lands community
Our Focus

Impact Investing Focus

The Trust is well positioned, with its existing assets and robust development pipeline, to deliver strong financial returns to its stakeholders, while having a meaningful, positive impact along three verticals: Environmental Sustainability and Resilience, Attainable and Affordable Housing, and Inclusive Communities. Our three impact verticals align with the universally recognized and accepted UN SDGs.

Environmental Sustainability and Resilience

Develop sustainable real estate that optimizes energy use, limits greenhouse gas (“GHG”) emissions, and reduces water use and waste while also creating resiliency against natural disasters and major climatic events.

Attainable and Affordable Housing

Invest in mixed-income communities that are transit oriented, located close to employment opportunities, and support an overall lower relative cost of living with high quality of life.

Inclusive
Communities

Intentionally design and program communities that are safe and inclusive for everyone. This includes creating spaces that encourage mental and physical health, and wellness.

The Trust’s portfolio strategy will be anchored by the United Nations Sustainable Development Goals (“UN SDGs”) and it will report its impact performance against the leading standards as they evolve. Together, these verticals are aligned with 13 of the 17 UN SDGs, which have the support of 162 countries and territories.

Approach to Impact Management

Dream’s impact effort will be consistent with leading industry frameworks. We are committed to an impact management approach that incorporates guidelines from the world’s leading impact and sustainable accounting bodies. Our approach will be guided by

Intentionality

For every impact investment, Dream creates an impact plan that identifies multiple pathways to impact, each of which is aligned with a UN SDG and has a measurable outcome with key performance indicators.

Measurement

For each pathway, impact will be scored according to various dimensions. We intend to measure our impact efforts in a repeatable, systematic way, consistent with broadly recognized sustainability accounting standards.

Verification

Our processes and our Dream Impact Management System will be verified by a recognized independent firm.

Dream Impact Management System

Dream’s impact pathways are the internal system we use to measure the impact each investment creates on a consistent basis across the portfolio. They allow us to understand, evaluate, and effectively communicate the impact we are generating.

Primary

Primary pathways are the methods in which Dream intends to provide positive impact, each of which is aligned with a UN SDG and has a measurable outcome with key performance indicators.

Secondary

Secondary pathways are an extension of our impact pathways, and they are meant to further illustrate the benefits that our assets have on individuals, families, and the communities within which we operate.

Negative

Negative pathways are the negative externalities that Dream’s business activities may have on people and the environment.

Investors

Investor Presentation

Click here

Financial Reports & Filings

  • Financial Reports
  • Regulatory Filings

Analysts

Frederic Blondeau

Laurentian Bank Securities 514.350.2974

Sam Damiani

TD Securities 416.983.9640

Sairam Srinivas

Cormark Securities Inc. 416-943-6436

Christopher Koutsikaloudis

Canaccord Genuity Corp. 1.416.869.7307

David Chrystal

Echelon Capital Markets 613.227.3702

Have a question for us?

Investor Inquiries

Dream Impact Trust 30 Adelaide Street East, Suite 301, Toronto, ON M5C 3H1

Transfer Agent

Computershare Investor Services 100 University Avenue, 8th Floor, Toronto, ON M5J 2Y2

Team

Management Team

Governance

We are committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but also to uphold the spirit of “good corporate governance” and we always strive to communicate in an open, honest and transparent manner.

Trust Board

Read more about our Trust Board

GP Board

Read more about our GP Board

Committees

The Trust Board and GP Board believe that their committees assist in the effective functioning of the Boards and help ensure that the views of Independent Trustees & Directors* are effectively represented.

Independent Trustee or Director

A Trustee or Director that is independent within the meaning of NI 58–101. An Independent Trustee or Director is one who is not an employee or executive officer of Dream and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.

Audit Committee of the Trust Board

Audit Committee of the GP Board

Governance, Compensation and Environmental Committee

Charters, Policies and Declaration of Trust

The Trust is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but to also uphold the spirit of ‘good corporate governance.’

News

News & Events

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