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European Commercial Real Estate Ltd (TSE:ERE.UN)
TSX:ERE.UN
RESEARCH TOOLSreports
European Commercial Real Estate Ltd (ERE.UN) Stock Price & Analysis
43 Followers
ERE.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$2.05 - C$3.28
Previous CloseC$2.33
Volume10.10K
Average Volume (3M)42.15K
Market Cap
C$540.10M
Enterprise ValueC$1.98B
Total Cash (Recent Filing)€6.89M
Total Debt (Recent Filing)€992.49M
Price to Earnings (P/E)-3.3
Beta1.14
Next Earnings
May 02, 2024EPS EstimateN/A
Next Dividend Ex-Date
Apr 29, 2024Dividend Yield7.33%
Share Statistics
EPS (TTM)-0.71
Shares Outstanding233,510,932
10 Day Avg. Volume41,785
30 Day Avg. Volume42,152
Standard Deviation0.08
R-Squared0.46
Alpha-0.00936
Financial Highlights & Ratios
Price to Book (P/B)0.89
Price to Sales (P/S)2.23
Price to Cash Flow (P/CF)5.90
P/FCF Ratio5.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.00Price Target Upside28.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Bulls Say, Bears Say
Bulls Say
Financial PerformanceStrong organic NOI growth is being fueled by significant increases in rental rates and robust leasing activity.
Real Estate SalesAcceleration in individual suite sales at premium prices indicates market recognition of the REIT's portfolio value.
Tax DevelopmentsThe elimination of the landlord levy tax has led to a reduction in operational expenses, enhancing the REIT's profitability.
Bears Say
Asset ValuationCap rates continue to trend higher, leading to a fair value loss of €35.3M in the quarter and a decrease in IFRS NAV to €2.90/unit.
Financial PerformanceFFO/unit growth will likely remain challenged due to the increase in interest expense from refinancing debt at higher rates and higher current income taxes.
Market ValuationERES continues to trade at a deep discount to NAV, with a price target reduced to C$3.00, reflecting interest expense headwinds.
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ERE.UN FAQ
What was European Commercial Real Estate Ltd’s price range in the past 12 months?
European Commercial Real Estate Ltd lowest stock price was C$2.05 and its highest was C$3.28 in the past 12 months.
What is European Commercial Real Estate Ltd’s market cap?
Currently, no data Available
When is European Commercial Real Estate Ltd’s upcoming earnings report date?
European Commercial Real Estate Ltd’s upcoming earnings report date is May 02, 2024 which is in 12 days.
How were European Commercial Real Estate Ltd’s earnings last quarter?
European Commercial Real Estate Ltd released its earnings results on Feb 21, 2024. The company reported -C$0.227 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.227.
Is European Commercial Real Estate Ltd overvalued?
According to Wall Street analysts European Commercial Real Estate Ltd’s price is currently Undervalued.
Does European Commercial Real Estate Ltd pay dividends?
European Commercial Real Estate Ltd pays a Monthly dividend of C$0.01 which represents an annual dividend yield of 7.33%. See more information on European Commercial Real Estate Ltd dividends here
What is European Commercial Real Estate Ltd’s EPS estimate?
European Commercial Real Estate Ltd’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does European Commercial Real Estate Ltd have?
European Commercial Real Estate Ltd has 91,760,440 shares outstanding.
What happened to European Commercial Real Estate Ltd’s price movement after its last earnings report?
European Commercial Real Estate Ltd reported an EPS of -C$0.227 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -0.851%.
Which hedge fund is a major shareholder of European Commercial Real Estate Ltd?
Currently, no hedge funds are holding shares in TSE:ERE.UN
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European Commercial Real Estate Ltd Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
C$3.00 (28.76% Upside)
C$3.00 (28.76% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-26.12%
12-Months-Change
Fundamentals
Return on Equity
-23.42%
Trailing 12-Months
Asset Growth
-10.52%
Trailing 12-Months
Company Description
European Commercial Real Estate Ltd
European Residential REIT an unincorporated, open-ended real estate investment trust. The company is Canada's first European-focused multi-residential real estate investment trust, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands. The REIT owns and operates a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe.
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ERE.UN Stock 12 Months Forecast
Average Price Target
C$3.00
▲(28.76% Upside)
Technical Analysis
Plaza Retail REIT
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SmartCentres Real Estate Investment Trust
―
Dream Industrl REIT
―
BTB REIT
―
Best Analysts Covering ERE.UN
1 Year
1 Year Success Rate
0/10 ratings generated profit
1 Year Average Return
-15.21%
upgraded a buy rating 2 months ago
Copying David Chrystal's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -15.21% per trade.
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