European Residential REIT has liquidated nearly half its portfolio at close to NAV. CAPREIT, controlling 65% of ERES, is steering the REIT towards complete liquidation, with a special meeting set to authorize asset sales and wind-up. With a low debt ratio post-sales, the risk is very low; expect a potential 28% return within 12 months.
REIT—Residential Industry | Real Estate Sector | Mr. Mark Kenney CEO | OTC PINK Exchange | - ISIN |
Canada Country | - Employees | 30 May 2025 Last Dividend | - Last Split | - IPO Date |
ERES is a distinctive entity in the domain of real estate investment trusts (REITs), marked by its unincorporated, open-ended structure and its unique focus on the European market, predominantly in the Netherlands. The company has garnered attention for its specialization in high-quality, multi-residential real estate properties, positioning itself as Canada’s sole European-focused multi-residential REIT. Its securities are actively traded on the Toronto Stock Exchange (TSX) under the symbol ERE.UN, demonstrating its recognized presence within the Canadian investment landscape. As of the end of 2023, ERES's portfolio showcases a substantial footprint in the Netherlands, featuring 158 multi-residential properties that include approximately 6,900 residential suites, alongside ancillary retail spaces, further enhancing its property diversification. Additionally, ERES extends its portfolio beyond residential units to include commercial properties in Germany and Belgium, indicating a strategic expansion into varied real estate segments within Europe.
ERES owns an extensive collection of multi-residential properties across the Netherlands, totaling 158 properties. This portfolio, primarily focused on high-quality residential suites, highlights ERES's commitment to providing upscale living spaces. The residential suites, approximately 6,900 in number, cater to a diverse range of tenants, reflecting the REIT’s strategic positioning within the European residential market. These properties not only offer residents quality housing but also contribute significantly to ERES's revenue stream through rental income.
Alongside its multi-residential offerings, ERES also manages ancillary retail spaces located within or adjacent to its residential properties. These spaces add a valuable dimension to ERES’s portfolio by diversifying income sources and enhancing the living environment for its residential tenants. The inclusion of retail spaces within residential complexes provides convenience and enhances the attractiveness of ERES’s properties, potentially increasing their overall value and the satisfaction of the residents.
Expanding its real estate ambit beyond the Netherlands, ERES also owns commercial properties in Germany and Belgium. This includes one commercial property in each country, marking ERES's initial steps in diversifying its portfolio geographically and across different types of real estate. These properties signify ERES's strategic intent to explore and capitalize on the commercial real estate market opportunities within Europe, broadening its investment scope and potential revenue streams.