ERES Declares May 2025 Monthly Distribution
15 Maio 2025 - 6:00PM
European Residential Real Estate Investment Trust (TSX: ERE.UN,
“
ERES”) is pleased to announce that the trustees
of ERES have declared the May 2025 monthly cash distribution of
€0.005 per Unit and Class B LP Unit (the “
May 2025
Distribution”), being equivalent to €0.06 per Unit
annualized. The distribution will be payable to holders of the
Units and Class B LP Units (the “
Unitholders”) of
record on May 30, 2025, with payment on June 16, 2025.
The Euro-denominated distribution will be paid
in Canadian dollars based on the exchange rate on the date of
payment (estimated C$0.00774 per Unit and Class B LP Unit).
Registered Unitholders will be provided with an option to elect to
receive such distribution in Euros rather than Canadian dollars. If
no such election is made, registered Unitholders will be paid the
distribution in Canadian dollars based on the above exchange rate
mechanism. Beneficial Unitholders will not have an option to elect
to receive the distribution in Euros. The final cash distribution
in respect of April 2025 was C$0.00774 per Unit and Class B LP
Unit.
ERES intends to continue to make regular monthly
distributions, subject to the discretion of the ERES Board of
Trustees. ERES Limited Partnership will make corresponding cash
distributions to holders of Class B LP Units.
About ERES
ERES is an unincorporated, open-ended real
estate investment trust. ERES’s Units are listed on the TSX under
the symbol ERE.UN. ERES is Canada’s only European-focused
multi-residential REIT, with a current portfolio of high-quality,
multi-residential real estate properties in the Netherlands. As at
March 31, 2025, ERES owned 2,594 residential suites and ancillary
retail space located in the Netherlands, and owned one commercial
property in Germany and one commercial property in Belgium, with a
total fair value of approximately €729.1 million. For more
information about ERES, its business and its investment highlights,
please visit our website at www.eresreit.com and our public
disclosure which can be found under our profile on SEDAR+ at
www.sedarplus.ca.
ERES’s registered and principal business office
is located at 11 Church Street, Suite 401, Toronto, Ontario M5E
1W1.
For further information |
|
|
ERES |
ERES |
Mr. Mark Kenney |
Ms. Jenny Chou |
Chief Executive Officer |
Chief Financial Officer |
416.861.9404 |
416.354.0188 |
m.kenney@capreit.net |
j.chou@capreit.net |
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