07:12 AM EST, 02/26/2025 (MT Newswires) -- Dream Unlimited ( DRUNF ) overnight Tuesday reported higher fourth-quarter adjusted funds from operations (AFFO), boosted by a gain on the sale of Arapahoe Basin and other lot sales in Western Canada.

AFFO surged to $208 million, or $4.97 per share, from $24 million, or $0.56 per share, in the previous year quarter. The result was boosted by a $157.4 million gain on sale of the Arapahoe Basin ski resort in Colorado, and the timing of lot sales and higher acre sales in Western Canada.

"Western Canada land produced its highest level of profit since going public in 2013 and is on track for another successful year," said Michael Cooper, chief responsible officer.