TSE:ERE.UN

2.68
0.03 (1.13%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts' reviews suggest that the company is dealing with the challenges of higher interest rates, which are impacting cash flow despite strong performance in the rental market. The company's underlying apartments are performing well, with income growing close to 10% on new rentals. However, the increase in interest and mortgage expenses over the next 2 years is expected to result in flat income. On the positive side, the distribution is deemed safe, but it's not expected to grow. There is also optimism about the company's effective operations and solid operating team, as well as the pursuit of strategic alternatives since June with the hope of unlocking value.

Consensus
Mixed
Valuation
Fair Value
HOLD

In Netherlands, multi-family and townhomes. Controlled by CAR.UN. Compelling intrinsic value. Went through strategic review, board not happy with offers. He thinks it will ultimately be sold. Selling off units at a premium to residents to realize value.

0
HOLD

Dealing with higher interest rates. Rental markets are still strong with condos, but higher interest still eats into your cashflow. Underlying apartments are still performing well, income grows close to 10% on new rentals. Interest and mortgage expenses will increase over next 2 years, so income will be flat. Distribution safe, but won't grow. 

0
BUY

Very favourable. Operating effectively, solid operating team. Trades at over 25% discount to NAV. Pursuing strategic alternative since June, and he's hopeful that value will be unlocked.

0
HOLD

Netherlands has a housing shortage and is densely populated. Top-down, it's quite attractive. Great assets. 20% discount to NAV. Rent control legislation has brought clarity, European economic concerns have passed. Wouldn't be surprised if CAR.UN sold it off.

0
PARTIAL BUY
Focused on Amsterdam and Holland where there's a supply-demand mismatch. It trades at a big discount to NAV and we'll see in coming months if that gag closes. Really likes it.
0
COMMENT
They hold real estate in Holland. All REITS have come down due to rising rates. ERE can increase pricing and have new developments in Europe. CAP REIT owns them, which she likes, owns and prefers.
0
BUY
Entirely focused on the Netherlands (most densely populated country in Europe). High population growth and limited housing supply is good for business. Company doing very well even with economic turmoil. Would be a good time to buy stock as share price is discounted.
0
BUY
Near-term noise from Dutch regulators about new rent controls to combat inflation. Could affect 5-10% of their units. Operates well, conservative balance sheet, European interest rates still low. Good growth. Dividend should tick up as cashflow grows. Buy on this pullback.
0
HOLD
Value stock with a great growth profile. In Netherlands, subject to rent control. High population with growth, and job growth. Defensive. 10-12x discount to NAV. Margin expansion during inflation, as all costs such as snow clearing fall to tenants.
0
PAST TOP PICK

(A Top Pick Jun 25/20, Up 9.44%) Thinks highly of strategy. Apartments in Europe, but listed on TSX. Positive growth, but trades lower than pre-pandemic. Upside is north of $5. Sponsored by CAR.UN, lots of tailwinds, sees cashflow and NAV growth.

0
PAST TOP PICK
(A Top Pick Jun 25/20, Up 3%) A big play on Dutch apartments. Its competitors across Europe trade at all time highs. There is a lot of upside here. During the pandemic we only saw rents go higher. It is externally managed by a Canadian REIT.
0
BUY
Allan Tong’s Discover Picks This translates into steady, though unspectacular growth. If you’re looking for Tesla gains, buy Tesla. If you want assured 4% annual growth plus the 3.81% dividend yield (held in a TFSA preferrably), then ERE.UN stock is it. This is ideal for seniors seeking income, for those who want to sleep at night, and those who want to balance their spec plays with a steady Eddy covid vaccination stock. Bay Street foresees nearly 10% upside at a $4.75 target, based on two buys and one hold. I agree. Read April Showers and Flowers: 4 Covid Vaccination Stocks to Buy and Sell for our full analysis.
0
TOP PICK
Netherlands is the most densely populated company in Europe. Externally managed by CAP REIT, and they've done a great job. Has seen very nice rent growth. Trades at a wide discount to NAV. Yield is 3.71%. (Analysts’ price target is $5.09)
0
PAST TOP PICK
(A Top Pick Oct 31/19, Down 9%) Disappointing. Buying on weakness. Only publicly traded Canadian REIT with European residential assets. Rent collections strong, unaffected by pandemic. 20% discount to NAV. Yield is 3%.
0
PAST TOP PICK
(A Top Pick Jun 25/20, Up 3%) Still likes it. Focused in Holland, which has a housing shortage and the third-densest country in Europe, and ERE can get 4% rent growth there that it can't in North America. It trades at a discount to NAV. Very defensive.
0
Showing 1 to 15 of 24 entries

European Residential REIT(ERE.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for European Residential REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

European Residential REIT(ERE.UN-T) Frequently Asked Questions

What is European Residential REIT stock symbol?

European Residential REIT is a Canadian stock, trading under the symbol ERE.UN-T on the Toronto Stock Exchange (ERE.UN-CT). It is usually referred to as TSX:ERE.UN or ERE.UN-T

Is European Residential REIT a buy or a sell?

In the last year, 3 stock analysts published opinions about ERE.UN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for European Residential REIT.

Is European Residential REIT a good investment or a top pick?

European Residential REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for European Residential REIT.

Why is European Residential REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is European Residential REIT worth watching?

3 stock analysts on Stockchase covered European Residential REIT In the last year. It is a trending stock that is worth watching.

What is European Residential REIT stock price?

On 2024-07-25, European Residential REIT (ERE.UN-T) stock closed at a price of $2.68.