Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
ERE-UN.TO [neutral]
European Residential Real Estate Investment Trust
+20.42%
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 66.9M
Pitch Price
CAD 0.96
Price Target
2.90 (+150%)
Dividend
100.00%
EV/EBITDA
N/A
P/E
-0.62
EV/Sales
4.69
Sector
Residential REITs
Category
special_situation
Elevator thoughts on NCP's REITs - European Residential Real Estate Investment Trust
ERE-UN.TO (update): REIT in final liquidation phase. NAV dropped ~0.14 cents after selling commercial properties below book value. Remaining portfolio exclusively residential. Dutch housing market strong with record low vacancy. Remaining properties likely to sell at IFRS NAV values, ~20% higher than current unit price.
Read full article (2 min)