ERES is an unincorporated, open-ended real estate investment trust.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$4.53|
|52 Week High||CA$4.04|
|52 Week Low||CA$4.82|
|1 Month Change||-1.52%|
|3 Month Change||6.59%|
|1 Year Change||10.49%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||2.96%|
Recent News & Updates
|ERE.UN||CA REITs||CA Market|
Return vs Industry: ERE.UN underperformed the Canadian REITs industry which returned 38.8% over the past year.
Return vs Market: ERE.UN underperformed the Canadian Market which returned 31.4% over the past year.
Stable Share Price: ERE.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: ERE.UN's weekly volatility (2%) has been stable over the past year.
About the Company
ERES is an unincorporated, open-ended real estate investment trust. ERES's REIT units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands.
European Residential Real Estate Investment Trust Fundamentals Summary
|ERE.UN fundamental statistics|
Is ERE.UN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ERE.UN income statement (TTM)|
|Cost of Revenue||€17.12m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.08|
|Net Profit Margin||25.12%|
How did ERE.UN perform over the long term?See historical performance and comparison
3.6%Current Dividend Yield
Does ERE.UN pay a reliable dividends?See ERE.UN dividend history and benchmarks
|European Residential Real Estate Investment Trust dividend dates|
|Ex Dividend Date||Sep 28 2021|
|Dividend Pay Date||Oct 15 2021|
|Days until Ex dividend||3 days|
|Days until Dividend pay date||20 days|
Does ERE.UN pay a reliable dividends?See ERE.UN dividend history and benchmarks
Is European Residential Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ERE.UN (CA$4.53) is trading below our estimate of fair value (CA$5.24)
Significantly Below Fair Value: ERE.UN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ERE.UN is poor value based on its PE Ratio (38.3x) compared to the Canadian REITs industry average (10.1x).
PE vs Market: ERE.UN is poor value based on its PE Ratio (38.3x) compared to the Canadian market (12.8x).
Price to Earnings Growth Ratio
PEG Ratio: ERE.UN is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: ERE.UN is overvalued based on its PB Ratio (2.1x) compared to the CA REITs industry average (1.1x).
How is European Residential Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERE.UN's forecast earnings growth (29.4% per year) is above the savings rate (1.5%).
Earnings vs Market: ERE.UN's earnings (29.4% per year) are forecast to grow faster than the Canadian market (12.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ERE.UN's revenue (4.8% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: ERE.UN's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ERE.UN's Return on Equity is forecast to be high in 3 years time
How has European Residential Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERE.UN has a large one-off gain of €56.8M impacting its June 30 2021 financial results.
Growing Profit Margin: ERE.UN's current net profit margins (25.1%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: ERE.UN's earnings have grown significantly by 20.1% per year over the past 5 years.
Accelerating Growth: ERE.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ERE.UN had negative earnings growth (-81.1%) over the past year, making it difficult to compare to the REITs industry average (5.5%).
Return on Equity
High ROE: ERE.UN's Return on Equity (5.4%) is considered low.
How is European Residential Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: ERE.UN's short term assets (€15.9M) do not cover its short term liabilities (€87.7M).
Long Term Liabilities: ERE.UN's short term assets (€15.9M) do not cover its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: ERE.UN's debt to equity ratio (346%) is considered high.
Reducing Debt: Insufficient data to determine if ERE.UN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ERE.UN's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: ERE.UN's interest payments on its debt are not well covered by EBIT (1.7x coverage).
What is European Residential Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ERE.UN's dividend (3.61%) is higher than the bottom 25% of dividend payers in the Canadian market (1.65%).
High Dividend: ERE.UN's dividend (3.61%) is low compared to the top 25% of dividend payers in the Canadian market (4.58%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ERE.UN has been paying a dividend for less than 10 years.
Growing Dividend: ERE.UN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.4%), ERE.UN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ERE.UN's dividends in 3 years are forecast to be covered by earnings (69.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Phillip Burns (52 yo)
Mr. Phillip Wesley Burns is the Founder of Maple Knoll Capital Ltd. and has been its Principal since June 2013. He also serves as the Chief Executive Officer of European Residential Real Estate Investment...
CEO Compensation Analysis
Compensation vs Market: Phillip's total compensation ($USD1.24M) is about average for companies of similar size in the Canadian market ($USD1.18M).
Compensation vs Earnings: Phillip's compensation has been consistent with company performance over the past year.
Experienced Board: ERE.UN's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
European Residential Real Estate Investment Trust's employee growth, exchange listings and data sources
- Name: European Residential Real Estate Investment Trust
- Ticker: ERE.UN
- Exchange: TSX
- Founded: NaN
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$1.054b
- Market Cap: CA$405.856m
- Shares outstanding: 231.04m
- Website: https://www.eresreit.com
- European Residential Real Estate Investment Trust
- 11 Church Street
- Suite 401
- M5E 1W1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 22:08|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.