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European Residential REIT Reports Fourth Quarter and Year End 2025 Results
TORONTO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust ("ER...
About this update from European Residential Real Estate Invt Tr
[{"type":"text","content":"European Residential REIT Reports Fourth Quarter and Year End 2025 Results\nTORONTO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (\"ERES\" or the \"REIT\") (TSX: ERE.UN) announced today its results for the three months and year ended December 31, 2025. ERES’s audited consolidated annual financial statements and management's discussion and analysis (\"MD&A\") for the year ended December 31, 2025 can be found at www.eresreit.com or under ERES's profile at SEDAR+ at www.sedarplus.ca. SIGNIFICANT EVENTS AND HIGHLIGHTS Strategic Initiatives Update During the year ended December 31, 2025, through a number of transactions, the REIT disposed of a total of 1,980 residential suites in the Netherlands and its Belgian and German commercial properties for total gross proceeds, excluding transaction costs and other customary adjustments, of €489.7 million.In connection with the dispositions closed in 2025, the REIT declared a special distribution to Unitholders of €0.90 per Unit, paid in cash in September 2025. The REIT also announced the cessation of its regular monthly cash distributions effective September 2025. The final regular monthly distribution was declared in August 2025, with payment in September 2025.In addition to the completed dispositions, the REIT has announced that it has entered into agreements to sell four properties consisting of 410 residential suites in the Netherlands for approximately €88.5 million, excluding transaction costs and other customary adjustments. One of the four properties was sold, subsequent to the year ended December 31, 2025, in January 2026, and completion of the remaining announced dispositions is anticipated between March and April 2026, subject to the satisfaction of closing conditions. There can be no assurance that all requirements for closing will be obtained, satisfied or waived.The announced dispositions represent attractive transaction values for the individual assets and support the REIT’s ongoing sale process for its remaining portfolio. The REIT is continuing to work on a sale process for the remaining portfolio and has retained BMO Capital Markets as its financial advisor. There can be no assurance that this process will result in the successful completion of the sale of any portion of the remaining portfolio o...