Added to YB: 2025-09-24
Pitch date: 2025-08-07
ERE-UN.TO [bullish]
European Residential Real Estate Investment Trust
Author Info
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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 66.9M
Pitch Price
N/A
Price Target
N/A
Dividend
100.00%
EV/EBITDA
N/A
P/E
-0.62
EV/Sales
4.69
Sector
Residential REITs
Category
special_situation
Show full summary:
European Residential Real Estate Investment Trust - $ERE-UN.TO
ERE-UN.TO: TSX-listed Dutch apartments REIT 65% owned by CAR.UN nearing liquidation. Sold EUR 1.29B assets at/above IFRS NAV to TPG, Dream, Fortress. EUR 0.9 special div 9/15, final payout ~12/31. At C$2.6 entry, basis drops to C$1.16 post-div, C$1.5+ exit potential by year-end.
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