European Residential REIT T.ERE.UN

Earnings out tomorrow night!!

[Panic54321]

Let's hope there's some progress on sales... ( single unit )  it's seems a very very slow process.   - hoping management gives a lot more colour on this... 

Let's hope the other numbers are at least in line.   Occupancy should be good !!! 

- slow and steady rental increase...

[EstevanOutsider]

extremely good earnings. most notable for me was the end of fair market value declines. the south actually saw a melt up which lowered the debt-asset ratio to 57.3% (covenant had 60% limit). the fact it's on the retreat now is a huge tailwind. i think this was holding some back out of the name as folks thought if it kept creeping upward, the distribution may be at risk. other notable is the

[ScroogeMcDuck1]

Only concern I see is rates. Ffo down from rates and payout ratio up. Current mortages only 2.7 years at 2.2% and new renewal was 4.7%.

[Panic54321]

 Totally agree...  plus the rental increase will be over 5% in July.   plus unit sales finally seem to be increasing.   40 units already sold after 1st  quarter.        Looking good going forward !!  Looking to add more tomorrow !!

[ScroogeMcDuck1]

I see a wall of mortages in 25 and 26 at sub 2% rates that will be refinanced in the 4 percent range.  Will the rental increases be able to counter that?