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 > discount to NAV increasing again

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Post by junglejames on Oct 25, 2024 10:21am

discount to NAV increasing again

half the portfolio being sold at a known price; a "pay-back" of about $1.13 forth coming, falling interest rates, and yet the market price of the shares drifts down again to a discount to NAV of about 33% despited the overall decrease in risk.

I will not be surprised if CAR takes what remains of ERE private in the new year for a price less than the remaining NAV.