Bullboard - Stock Discussion Forum 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... see more

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European Residential REIT > Dutch 5-year at 2.8%; ERES growing rent at 4-6%

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Post by EstevanOutsider on Nov 01, 2023 3:46pm

Dutch 5-year at 2.8%; ERES growing rent at 4-6%

do the math and it works out for us. Eurozone in deflation meaning rates can fall even more. Low 3% financing seems likely for ERES on the high side. In a few months we might be able to get refinancing in the high 2s. Things are looking good. I hope they don't sell below $3 here.

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Comment by Panic54321 on Nov 01, 2023 4:05pm

Considering that cap reit onws 65% of this reit. I would say 0% chance of selling under $3. I think with such a great vacancy rate, and Netherlands being such a tight rental market. ( they can wait ) sell at NAV or above. plus there shouldn't be many more selling at this SP level. I happy to buy anywhere under $2.50. ...more

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European Residential REIT