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Stocks and yields drift lowerVery 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.
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.
(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.
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
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.
European Residential REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for European Residential REIT.
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.
3 stock analysts on Stockchase covered European Residential REIT In the last year. It is a trending stock that is worth watching.
On 2023-12-01, European Residential REIT (ERE.UN-T) stock closed at a price of $2.28.
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.