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European Residential REIT T.ERE.UN

Alternate Symbol(s):  EREUF

European Residential REIT is a Canada-based open-ended real estate investment trust (REIT). The Company owns a portfolio of 157 multi-residential properties, comprised of approximately 6,750 suites and ancillary retail space located in the Netherlands, and owned one commercial property in Germany and one commercial property in Belgium. Its Commercial properties are located in Belgium and Germany and managed by Maple Knoll. Its commercial properties consists of 1 rue Adolphe Lavallee, Brussels, Belgium and E.ON-Allee 1-5 and Kiem-Pauli-Strabe, 2, Landshut, Germany. Its multi-residential portfolio is located across the Netherlands and is asset and property managed by European Residential Management (ERESM B.V.) on behalf of the Company. Its residential property consists of Chopinlaan 1-120; Sterappel 1-27 - 14 apartments; Prins Willem Alexanderplein 9-85 - 37 apartments; Keizershof 24-41 - 18 apartments; De Kameleon - 222 apartments, and Faustdreef 1-179 - 90 apartments.


TSX:ERE.UN - Post by User

Post by Panic54321on Dec 21, 2023 5:50am
299 Views
Post# 35795220

Strategic review outcome …

Strategic review outcome …

Well, speaking from the point of view, long-term shareholder,.

what was management thinking to waste all this time and money on a strategic review??   in my opinion complete waste of time and money..  ( should not management have understood the current financial conditions aren't optimal for a sale of the reit ) 

wouldn't the money be better allocated to pay down debt or buy back  shares.

 The fundamentals,are Rock solid..

just disappointed in management seems to be a little all over the map on what to do with this reit.  ( one day, selling individual units, the next, trying to sell all our parts of the reit )  neither strategies seem to work whatsoever.

  ( maybe just run it like a reit and stop playing around wasting money )

 

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