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.

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European Residential REIT > discount to NAV increasing again

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Comment by EstevanOutsideron Oct 28, 2024 9:28pm

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Post# 36286095

RE:discount to NAV increasing again

added another 25k units on the latest pullback. sell off really a gift here. my friend just met management in toronto and they think they sell the remainder of portfolio within the next 12-24 months at full nav. Heimstaden Bostad reported in q3 they were selling dutch properties (pritivization suite strategy) at 24.6% premiums to NAV, which is line with what Mark Kenney reported a few quarters ago.

eres gets taken out at $4.10 or higher.

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