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TSX

European Residential Real Estate Investment Trust

ERE-UN.TOReal EstateREIT - Residential
Current Price
$1.14
Today's Change
-1.72%
Market Cap
$106.14M
Volume
459.45K

💡 Quick Take

ERES is a Canadian REIT focused on European multi-residential properties. The company faces significant financial concerns, highlighted by a negative FFO of $-70.5M and a staggering net margin of -183.5%, indicating operational challenges. While the distribution yield is exceptionally high at 132.89%, this raises concerns about sustainability given the negative FFO per share of $-0.76. The steep revenue decline of 58.7% year-over-year further complicates its outlook, suggesting potential difficulties in maintaining investor confidence.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$2.64
52 Week Low$0.98
Avg Volume109.14K
Beta1.14
Shares Outstanding93.11M

🔥 Valuation

Market Cap$106.14M
FFO/Share$-0.76
Price/FFON/A
Distribution Yield129.48%
Property TypeResidential

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🚩 Red Flags

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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.

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

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