XTSEERE.UN
Market cap243mUSD
Dec 24, Last price
3.84CAD
1D
1.32%
1Q
17.43%
IPO
-3.03%
Name
European Residential REIT
Chart & Performance
P/E
—
P/S
2.43
EPS
—
Div Yield, %
2.48%
Shrs. gr., 5y
2.30%
Rev. gr., 5y
65.08%
Revenues
96m
+7.21%
Net income
-114m
L
CFO
55m
-6.12%
Dividend
Sep 27, 20240.01501 CAD/sh
Earnings
Feb 19, 2025
Profile
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. ERES owns a portfolio of 137 multi-residential properties, comprised of 5,865 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium. ERES's registered and principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.
Valuation
Title EUR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | ||||||||
Revenues | 95,684 7.21% | 89,252 16.10% | 76,872 10.01% | |||||
Cost of revenue | 28,385 | 28,349 | 27,064 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | 67,299 | 60,903 | 49,808 | |||||
NOPBT Margin | 70.33% | 68.24% | 64.79% | |||||
Operating Taxes | (53,589) | (6,713) | 55,742 | |||||
Tax Rate | 111.91% | |||||||
NOPAT | 120,888 | 67,616 | (5,934) | |||||
Net income | (114,229) -198.12% | 116,416 21.09% | 96,138 -18.98% | |||||
Dividends | (8,659) | (8,050) | (8,048) | |||||
Dividend yield | 3.67% | 1.15% | 0.77% | |||||
Proceeds from repurchase of equity | 76 | |||||||
BB yield | -0.01% | |||||||
| Debt | ||||||||
Debt current | 80,534 | 61,882 | 52,104 | |||||
Long-term debt | 1,162,510 | 903,236 | 833,229 | |||||
Deferred revenue | 787 | |||||||
Other long-term liabilities | 28,222 | 296,897 | 445,142 | |||||
Net debt | 1,220,250 | 930,458 | 874,055 | |||||
| Cash flow | ||||||||
Cash from operating activities | 55,213 | 58,815 | 54,122 | |||||
CAPEX | (23,994) | (19,427) | ||||||
Cash from investing activities | (14,791) | (113,007) | (191,216) | |||||
Cash from financing activities | (44,425) | 54,743 | 136,717 | |||||
FCF | 311,227 | 51,022 | (384,750) | |||||
| Balance | ||||||||
Cash | 6,893 | 10,889 | 10,348 | |||||
Long term investments | 15,901 | 23,771 | 930 | |||||
Excess cash | 18,010 | 30,197 | 7,434 | |||||
Stockholders' equity | 427,247 | 550,147 | 441,765 | |||||
Invested Capital | 1,680,503 | 1,778,788 | 1,762,850 | |||||
ROIC | 6.99% | 3.82% | ||||||
ROCE | 3.96% | 3.23% | 2.68% | |||||
| EV | ||||||||
Common stock shares outstanding | 91,470 | 231,870 | 231,195 | |||||
Price | 2.58 -14.85% | 3.03 -32.82% | 4.51 8.15% | |||||
Market cap | 235,993 -66.41% | 702,566 -32.62% | 1,042,689 8.36% | |||||
EV | 1,456,243 | 1,633,024 | 1,916,744 | |||||
EBITDA | 67,299 | 61,620 | 50,289 | |||||
EV/EBITDA | 21.64 | 26.50 | 38.11 | |||||
Interest | 38,975 | 32,490 | 27,528 | |||||
Interest/NOPBT | 57.91% | 53.35% | 55.27% | |||||