ERES Announces Upcoming Monthly Cash Distribution for 2025

ERES Announces May 2025 Monthly Distribution

European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is excited to share that the trustees have declared the May 2025 monthly cash distribution of €0.005 per Unit and Class B LP Unit, translating to an annualized rate of €0.06 per Unit. This distribution is set to benefit the Unitholders holding Units and Class B LP Units, which will be based on records as of May 30, 2025, with payments scheduled for June 16, 2025.

The distribution, denominated in Euros, will be converted and paid in Canadian dollars at the prevailing exchange rate on the payment date, with an estimated value of C$0.00774 per Unit and Class B LP Unit. Registered Unitholders have the opportunity to choose to receive this distribution in Euros instead of Canadian dollars. Should they not make such an election, distributions will automatically be converted to Canadian dollars as per the announced exchange rate. However, it’s important to note that beneficial Unitholders will not have this option available. For reference, the final distribution related to April 2025 stood at C$0.00774 per Unit and Class B LP Unit.

Commitment to Continuous Distributions

ERES remains dedicated to maintaining regular monthly distributions, contingent upon the Board of Trustees' discretion. ERES Limited Partnership will correspondingly distribute cash to holders of Class B LP Units, upholding their commitment to essential and stable returns for their investors.

Understanding ERES

ERES is an unincorporated, open-ended real estate investment trust that operates exclusively on the TSX with the symbol ERE.UN. It stands out as Canada’s sole European-focused multi-residential REIT, boasting a portfolio filled with high-quality multi-residential properties predominantly situated in the Netherlands. As of the latest reports, ERES owns 2,594 residential suites along with ancillary retail space in the Netherlands, additionally holding a commercial property in Germany and one in Belgium. The entire portfolio is valued at approximately €729.1 million.

Staying Informed About ERES

For those interested in learning more about ERES, its ongoing business ventures, and investment highlights, they can discover further information on the company’s website. It’s encouraged to visit their resources available under their SEDAR+ profile for comprehensive public disclosures.

Contact Information for Inquiries

ERES’s registered and main business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1. For additional inquiries or information, the following contacts are available:

Key Contacts

Mr. Mark Kenney
Chief Executive Officer
Phone: 416.861.9404
Email: m.kenney@capreit.net

Ms. Jenny Chou
Chief Financial Officer
Phone: 416.354.0188
Email: j.chou@capreit.net

Frequently Asked Questions

What is the May 2025 distribution amount announced by ERES?

The May 2025 distribution announced by ERES is €0.005 per Unit and Class B LP Unit, equivalent to €0.06 per Unit on an annualized basis.

When will the payment for the May distribution be made?

The payment for the May distribution will be processed on June 16, 2025.

Can Unitholders choose the currency for their distribution?

Yes, registered Unitholders can elect to receive their distribution in Euros rather than Canadian dollars. If no election is made, the payment will default to Canadian dollars.

What is the fair value of ERES's property portfolio?

As of the latest updates, ERES's property portfolio has a total fair value of approximately €729.1 million, including properties in the Netherlands, Germany, and Belgium.

How can one get more information about ERES?

More information about ERES and its investment highlights can be found on their official website and in their disclosures on SEDAR+.

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