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European Residential REIT (ERE.UN-T)
TSE:ERE.UN
2.37
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Technical Analysis
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Stocks and yields drift lowerThis 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.
$2.370
Owned
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.
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(ERE.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
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, 2 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?
2 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 2024-04-25, European Residential REIT (ERE.UN-T) stock closed at a price of $2.37.
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.