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 > Maybe a dumb question ?

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Comment by HermannHalleron Nov 25, 2024 11:18am

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Post# 36329136

RE:RE:RE:Maybe a dumb question ?

Ignoring taxes (and mkt conditions), it should drop by the exact amount of the distribution on the ex date. But I suspect some taxable holders will buy back in after selling, so might not drop quite as much.

TD has a $4.25 target, estimating that the rest of the portfolio will be sold near IFRS, relatively quick. I'm holding on.

(I don't think CAR, the majority shareholder, would attempt to sell some to avoid tax. Too big a position, subject to insider trading restrictions, etc)

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