Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from European Residential Real Estate ate Investment Trust ( ($TSE:ERE.UN) ).
ERES has announced a January 2025 monthly cash distribution of €0.005 per Unit and Class B LP Unit, equivalent to €0.06 annualized. This distribution will be paid to Unitholders on February 18, 2025, with the option for registered Unitholders to receive payments in Euros. The company also confirmed the termination of the Distribution Reinvestment Plan (DRIP) effective January 16, 2025, indicating the December 2024 distribution as the last eligible for the DRIP. ERES plans to continue regular monthly distributions, subject to board discretion.
More about European Residential Real Estate ate Investment Trust
European Residential Real Estate Investment Trust (ERES) is an unincorporated, 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 that includes approximately 3,000 residential suites and ancillary retail spaces in the Netherlands, 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
Learn more about ERE.UN stock on TipRanks’ Stock Analysis page.