Professional
Added to YB: 2025-07-03
Pitch date: 2025-06-30
ERE-UN.TO [bullish]
European Residential Real Estate Investment Trust
+13.29%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
ERES is an unincorporated, open-ended real estate investment trust. ERES's REIT Units are listed on the TSX under the symbol ERE.
Market Cap
CAD 64.2M
Pitch Price
CAD 0.98
Price Target
2.88 (+159%)
Dividend
100.00%
EV/EBITDA
N/A
P/E
-0.60
EV/Sales
4.64
Sector
Residential REITs
Category
special_situation
Recent Portfolio Moves - European Residential Real Estate Investment Trust
ERE-UN.TO (re-initiated position): Trading at 21% discount to IFRS NAV as Dutch apartment sales process nears completion in Q3. Prior 'worst assets' sold 'well above NAV' per CEO. Base case: 10-15% gain by year-end after fees/taxes. Limited downside given Dutch housing crisis (high demand, low supply) driving residential valuations up.
Read full article (2 min)