TSX

European Residential Real Estate Investment Trust

ERE-UN.TO•Real Estate•REIT - Residential
Current Price
$1.19
Today's Change
+0.85%
Market Cap
$110.80M
Volume
217.45K

💡 Quick Take

ERES is a Canadian real estate investment trust focused on multi-residential properties in Europe. Key concerns include a negative Funds From Operations (FFO) of -$70.5 million and a significant revenue decline of 58.7% year-over-year, indicating financial instability. The exceptionally high distribution yield of 129.48% raises questions about sustainability, especially given the negative net margin of -183.5%. While the REIT's focus on a niche market could be a strength, the current financial metrics suggest caution for potential investors.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$2.64
52 Week Low$0.98
Avg Volume203.00K
Beta1.01
Shares Outstanding93.11M

🔥 Valuation

Market Cap$110.80M
FFO/Share$-0.76
Price/FFON/A
Distribution Yield129.48%
Property TypeResidential

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🚩 Red Flags

🚨

Negative FFO

Negative Funds From Operations indicates operational cash flow issues and unsustainable distributions.

📉

Negative Net Income

Negative net income may indicate operational challenges beyond typical REIT depreciation adjustments.

🌟 Opportunities

🚀

Attractive distribution yield of 129.48% offers compelling income opportunity for investors.

🚀

Conservative debt-to-assets ratio of 30.5% provides financial flexibility for acquisitions and growth.

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