Company European Residential Real Estate Investment Trust

Equities

ERE.UN

CA29880W1032

Residential REITs

Market Closed - Toronto S.E. 03:59:31 2024-04-24 pm EDT 5-day change 1st Jan Change
2.37 CAD 0.00% Intraday chart for European Residential Real Estate Investment Trust +1.72% -8.14%

Business Summary

European Residential REIT is a Canada-based open-ended real estate investment trust. The Company’s objectives are to maintain strong financial management with a conservative approach to its capital structure, leverage and coverage ratios to provide Unitholders with long-term, stable and growing cash distributions and maintain a focus on maximizing occupancy and responsibly growing occupied AMR in accordance with local conditions in each of its markets. It owns a portfolio of 158 multi-residential properties, comprised of approximately 6,900 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium. Its Commercial properties are located in Belgium and Germany and managed by Maple Knoll. Its commercial properties include Brussels, Belgium and Greater Munich, Germany. Its residential properties include Gelderland, Doorwerth; Groningen, Hoogezand; Limburg, Vaals; Limburg, Venray, and others.

Sales per Business

CAD in Million2022Weight2023Weight Delta
Residential Properties
89.1 %
109 89.1 % 124 89.1 % +14.26%
Commercial Properties
10.9 %
13 10.9 % 15 10.9 % +14.93%

Sales per region

CAD in Million2022Weight2023Weight Delta
Netherlands
89.1 %
109 89.1 % 124 89.1 % +14.26%
Germany, Belgium and Netherlands
10.9 %
13 10.9 % 15 10.9 % +14.93%

Managers

Managers TitleAgeSince
Chief Executive Officer 56 23-03-30
Director of Finance/CFO - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 81 17-08-20
Director/Board Member 65 23-04-03
Chief Executive Officer 56 23-03-30
Director/Board Member 77 19-03-28
Director/Board Member 49 17-02-14
Chairman 67 19-03-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 142,040,821 0 0 33.90 %
Stock B 1 91,760,439 79,249,803 ( 86.37 %) 0

Shareholders

NameEquities%Valuation
10,197,000 11.12 % 19 M $
908,025 0.9904 % 2 M $
Purpose Investments, Inc.
0.9808 %
899,200 0.9808 % 2 M $
Ira Gluskin
0.9515 %
872,350 0.9515 % 2 M $
Arrow Capital Management, Inc.
0.5181 %
475,000 0.5181 % 883 500 $
Sofidy SA
0.3894 %
357,028 0.3894 % 664 072 $
Middlefield Capital Corp.
0.2291 %
210,000 0.2291 % 390 600 $
Mark Kenney
0.2181 %
200,000 0.2181 % 372 000 $
Gina Cody
0.1767 %
162,000 0.1767 % 301 320 $
Stephen Co
0.1036 %
95,004 0.1036 % 176 707 $
NameEquities%Valuation
142,040,821 100.00 % 264 M $

Company contact information

European Residential Real Estate Investment Trust

11 Church Street Suite 401

M5E 1W1, Toronto

+

http://www.eresreit.com
address European Residential Real Estate Investment Trust(ERE.UN)

Sales per Business

Sales per region

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
2.37 CAD
Average target price
3.156 CAD
Spread / Average Target
+33.18%
Consensus

Quarterly revenue - Rate of surprise

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