E

European Residential REIT
TSX:ERE.UN

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European Residential REIT
TSX:ERE.UN
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Price: 1.12 CAD -0.88% Market Closed
Market Cap: 103.4m CAD

European Residential REIT
Investor Relations

European Residential Real Estate Investment Trust is an open-ended real estate investment trust. The company is headquartered in Toronto, Ontario. The company went IPO on 2016-10-07. The firm owns a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe. The company owns a portfolio of over 141 multi-residential properties, comprised of approximately 6,183 residential rental suites in Netherlands. The company holds approximately 450,911 square feet of gross leasable area (GLA) across one commercial property in Germany. The company owns one commercial property in Belgium. The company also owns ancillary retail space, which is located in Netherlands.

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ERE.UN
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Disposition Program: ERES sold multiple assets, generating EUR 397 million in Q3 and a total of EUR 489 million in 2025.

Debt Reduction: EUR 238 million of debt was repaid with sale proceeds, lowering leverage.

Special Distribution: A special cash distribution of EUR 0.90 per unit was paid to unitholders.

NOI Margin: NOI margin dropped significantly to 67.8% from 76.2% due to higher vacancies and repair costs.

Occupancy: Residential occupancy declined to 90.8% as vacancy was intentionally elevated for dispositions.

Liquidity and Leverage: Adjusted debt to market value ratio improved to 34% from 53%. No mortgage maturities in 2025 or 2026.

Outlook: No clear timeline was given for the REIT wind-down due to ongoing tax and structural matters.

Key Financials
Gross Disposition Proceeds (Q3)
EUR 397 million
Gross Disposition Proceeds (2025 YTD)
EUR 489 million
Debt Repaid
EUR 238 million
Special Cash Distribution per Unit
EUR 0.90
Same-Property Occupied AMR
EUR 1,349
Residential Occupancy
90.8%
NOI Margin (Same-Property, Q3 2025)
67.8%
Diluted FFO per Unit
EUR 0.13
Adjusted Debt to Market Value
34%
Properties Remaining (Residential Suites)
1,033
Other Earnings Calls

Management

Mr. Mark Kenney
President, CEO & Director
No Bio Available
Ms. Jenny Chou
Chief Financial Officer
No Bio Available

Contacts

Address
ONTARIO
TORONTO
11 Church St Suite 401
Contacts
+14163540167.0
www.eresreit.com