Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
ERE-UN.TO [neutral]
European Residential Real Estate Investment Trust
+13.9%
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 0.97
Price Target
3.00 (+170%)
Dividend
100.00%
EV/EBITDA
N/A
P/E
-0.60
EV/Sales
4.64
Sector
Residential REITs
Category
special_situation
Reflection on some top real estate ideas - European Residential Real Estate Investment Trust
ERE-UN.TO (holding update): Best performing REIT in 2024 (+64%), up 100% since NCP mention. Sold chunk of Dutch portfolio above NAV. Now under custodian pursuing liquidation. 10-25% upside potential remains. Netherlands housing crisis drives demand. Rising EU bond yields may hinder near-term. Good risk-reward in uncertain macro.
Read full article (2 min)