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European Residential Real Estate ate Investment Trust ( ($TSE:ERE.UN) ) has provided an announcement.
ERES has announced the January 2025 monthly cash distribution of €0.005 per Unit, equating to €0.06 per Unit annualized, with payment scheduled for February 18, 2025. The distribution will be paid in Canadian dollars, with an option for registered Unitholders to receive it in Euros, marking a shift as the Distribution Reinvestment Plan is terminated as of January 16, 2025. This change impacts the payment structure for stakeholders, reflecting ERES’s strategy to maintain regular monthly distributions while adapting its financial mechanisms.
More about European Residential Real Estate ate Investment Trust
European Residential Real Estate Investment Trust (ERES) is an open-ended real estate investment trust listed on the TSX under the symbol ERE.UN. It is the only Canadian REIT focused on European multi-residential properties, with a portfolio primarily located in the Netherlands, including approximately 3,000 residential suites and ancillary retail space, as well as commercial properties in Germany and Belgium.
YTD Price Performance: 0.0%
Average Trading Volume: 521,143
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$536.7M
For an in-depth examination of ERE.UN stock, go to TipRanks’ Stock Analysis page.