European Residential REIT Updates on Monthly Distribution Plans
European Residential REIT Declares June 2025 Distribution
Based in Toronto, European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) has made an exciting announcement regarding its upcoming distribution. The trustees of ERES have officially declared a cash distribution for June 2025, which amounts to €0.005 per Unit and Class B LP Unit, also known as the June 2025 Distribution. This distribution reflects an equivalent of €0.06 annualized per Unit. Unitholders on record by June 30, 2025, will receive this payment on July 15, 2025.
Details on Distribution Payment
The distribution, denominated in Euros, will be converted to Canadian dollars based on the exchange rate at the time of payment, which is approximately C$0.00785 per Unit. Registered Unitholders will have the opportunity to choose to receive their distribution in Euros instead of Canadian dollars. In cases where no choice is indicated, the default will remain as Canadian dollars based on the outlined exchange rate. However, beneficial Unitholders will not have access to this option for euros.
Additionally, it's noteworthy that the cash distribution for May 2025 was set at C$0.00785 per Unit and Class B LP Unit. ERES intends to maintain regular monthly distributions, demonstrating its commitment to delivering consistent returns to its investors.
About European Residential REIT
ERES is not just another real estate investment trust. It stands as an unincorporated, open-ended entity that specifically focuses on the European real estate market. With its Units traded on the TSX under symbol ERE.UN, ERES holds the distinction of being Canada’s only residential REIT with a European emphasis.
As of March 31, 2025, ERES’s portfolio encompasses 2,594 residential suites along with ancillary retail spaces located in the Netherlands. Furthermore, the trust has stakes in one commercial property each in Germany and Belgium, aggregating a total fair value around €729.1 million. This diverse portfolio showcases ERES's strategic focus on high-quality, multi-residential properties, offering a substantial investment opportunity.
Company Growth and Future Plans
As ERES continues to expand its operations, the direction taken by its Board of Trustees reflects a forward-thinking approach. ERES aims to keep up with its growth trajectory while ensuring that its distributions remain stable and attractive to Unitholders. This commitment to monthly distributions promises to keep investor confidence high.
The company has a dedicated team steering its mission, ensuring remarkable service and transparent communication between the organization and its investors. ERES's transparency is further reinforced by its public disclosures, which are readily accessible through SEDAR+.
Contact Information
ERES has its registered and principal business office located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1. For more information regarding ERES, potential investors can reach out directly to the key executives:
- 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 June 2025 distribution declared by ERES?
The June 2025 distribution is €0.005 per Unit and Class B LP Unit, equivalent to €0.06 annualized.
When will the distribution payment be made to Unitholders?
The distribution payment will be made on July 15, 2025, to holders of the Units and Class B LP Units of record on June 30, 2025.
What currency will the distribution be paid in?
The distribution will be paid in Canadian dollars based on the exchange rate, unless a registered Unitholder opts to receive Euros.
What is the significance of ERES's portfolio?
ERES holds a diverse portfolio focused on high-quality, multi-residential properties in Europe, including 2,594 suites and commercial properties in Germany and Belgium.
Where can I find more information about ERES?
For further information, visit ERES's official website or check their public disclosures available on SEDAR+.
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