European Residential REIT T.ERE.UN

Quarterly Results Analysis

[mikoola72]

If anyone has access to the analysts review of the rent quarterly results can you please share it. I didn't think the results were that bad but we are near the lows of the year unfortunately. GLTA

[DanielDarden]

I would suggest that instead of analyst’s reports you look at the long term chart for CAR as they manage the properties. The analyst targets avg ~ $3.50 but IMO do not represent the potential price here. CAR has navigated through ups and downs since 1998 in Canada since their IPO @ $10/u. It has managed well in all interest rate environments and, despite the media attention, renews a small amount

[financebuff101]

Regarding the analyst ratings - here is what Tip Ranks has for us: My biggest fear is that CAR.UN management will decide to part ways with ERE.UN and sooner rather than later (at least this is what the RBC analyst seems to believe - link here: https://research.rbccm.com/sellside/EmailDocViewer?encrypt=7a0b97bc-b65e-4f5a-8dcc-a9ac23626e2d&mime=pdf&co=rbcnew&id=[e-mail]

[financebuff101]

[financebuff101]

For some reason the Tip Ranks screenshot won't go throught.  Anyway, here is what they say: Moderate Buy based on 6 analysts. Average PT: $3.47 (low: $3.00 / high: $3.75) The latest ratings: TD - Buy - $3.75 Canaccord - Buy - $3.50 RBC - Hold - $3.50 Echelon - Hold - $3.50 Raymond James - Buy - $3.75