Post by
Mephistopheles3 on May 02, 2022 5:09pm
ERES Q1-22 results reported - looking good
ERES just reported results this afternoon with what looks like really great numbers to me.
- FFO per unit up 17%
- Distributions being increased by 9% because of all the cash they are generating
- Continued acquisitions done subsequent to the quarter, all being funded by Capreit
ERES is a small part of Capreit, but I think these results are indicative of strong results coming as well.
Hopefully we see a bump coming off the disastrous day we had today! If ERES stock doesn't move tomorrow off this, I would think it's a good buy as well, it's trading down from it's NAV.