Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, December 6, 2024
[ 07:58 PM ] - ABC
[ 07:58 PM ] - The Globe and Mail
[ 07:57 PM ] - USA Today
[ 12:32 PM ] - MSN
[ 12:02 PM ] - MSN
[ 12:01 PM ] - FXStreet
[ 12:01 PM ] - MSN
[ 10:31 AM ] - The Globe and Mail
[ 10:01 AM ] - Business Insider
[ 09:31 AM ] - MSN
ERES Files Management Information Circular for Special Meeting of Unitholders and Encourages Unitholders to Access Meeting Materials Online
- Detailed price information for European Residential Real Estate Invs. Trust (ERE-UN-T) from The Globe and Mail including charting and trades.
The press release from the Globe and Mail discusses ERES REIT's (European Residential Real Estate Investment Trust) financial performance for the first quarter of 2023. ERES reported a 16.5% increase in net rental income, reaching €22.1 million, driven by organic growth and the acquisition of additional properties. The occupancy rate remained stable at 98.3%, with a slight increase in average monthly rent per square meter. The company also highlighted its strategic focus on enhancing its portfolio through acquisitions in the Netherlands, which added 1,085 suites to its holdings. Furthermore, ERES REIT maintained a strong liquidity position with €17.8 million in cash and undrawn credit facilities, and it continued to manage its debt conservatively with a 46.6% debt to gross book value ratio. The REIT also reaffirmed its commitment to sustainability, with ongoing efforts to improve energy efficiency across its properties.
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/ERE-UN-T/pressreleases/29929139/ ]
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/ERE-UN-T/pressreleases/29929139/ ]
Contributing Sources
