ERES REIT Announces October Cash Distribution for Investors

Monthly Distribution Announced by ERES REIT

ERES REIT, known formally as European Residential Real Estate Investment Trust (TSX: ERE.UN), has announced its monthly cash distribution for October. The trustees have declared a distribution of €0.01 per Unit and Class B LP Unit, amounting to an annualized rate of €0.12 per Unit. This October distribution is a testament to ERES's commitment to providing value to its Unitholders.

Details on Distribution Payments

The cash distribution will benefit those Unitholders on record as of the end of the month, with payments scheduled for a later date. Registered Unitholders must choose an option to receive their distribution in Euros, or they will automatically receive the equivalent amount in Canadian dollars based on the prevailing exchange rates. Currently, this translates to approximately C$0.01499 per Unit. It's important to note that beneficial Unitholders will not have the option to elect the currency of their distribution.

Incentives for Loyal Unitholders

To encourage ongoing participation from investors, ERES has maintained a Distribution Reinvestment Plan. Investors enrolled in this plan will receive an additional 5% on their distributions, crediting them with extra Units. This initiative rewards Unitholders for their continued investment and participation in the trust.

Commitment to Monthly Distributions

Looking forward, ERES intends to uphold its commitment to regular monthly distributions. The Board of Trustees maintains discretion over these payments, but current targets are aimed at achieving a long-term AFFO payout ratio within the range of 80% to 90%. This clear strategy ensures that investments continue to yield favorable returns for Unitholders.

About ERES REIT

ERES operates as an open-ended, unincorporated real estate investment trust, primarily focusing on the multi-residential sector in Europe. As the only European-focused multi-residential REIT in Canada, ERES boasts a robust portfolio consisting of 157 multi-residential properties, accounting for approximately 6,750 residential suites across the Netherlands.

Property Holdings in Europe

In addition to its Dutch assets, ERES also holds one commercial property in both Germany and Belgium. The strength of ERES’s portfolio underscores its position within the European real estate market, reflecting a well-rounded investment approach that enhances its growth potential.

Contact Information for ERES

Unitholders seeking further information can reach ERES directly. The headquarters is situated at 11 Church Street, Suite 401, Toronto, Ontario. Key personnel include Mr. Mark Kenney, Chief Executive Officer, and Ms. Jenny Chou, Chief Financial Officer. For any inquiries, Mark can be contacted at 416.861.9404 or via email at m.kenney@capreit.net. Jenny is available at 416.354.0188 or at j.chou@capreit.net.

Frequently Asked Questions

What is the amount for the October distribution from ERES REIT?

The October distribution is €0.01 per Unit, equivalent to €0.12 per Unit on an annualized basis.

When will the distribution be paid to unitholders?

The distribution will be payable on November 15, 2024, to those recorded as of October 31, 2024.

Can unitholders choose to receive payments in Euros?

Yes, registered unitholders can elect to receive their distribution in Euros instead of Canadian dollars.

What is the incentive for participating in the Distribution Reinvestment Plan?

Participants in the plan receive an additional 5% of their distributions in the form of extra Units.

What types of properties does ERES REIT invest in?

ERES focuses on multi-residential properties in Europe, particularly in the Netherlands, along with some commercial properties in Germany and Belgium.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.