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European Residential REIT Reports Third Quarter 2025 Results
TORONTO, Nov. 05, 2025 (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 Third Quarter 2025 Results\n\n\n\n TORONTO, Nov. 05, 2025 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (\"ERES\" or the \"REIT\") (TSX: ERE.UN) announced today its results for the three and nine months ended September 30, 2025.\n \n\n ERES’s unaudited condensed consolidated interim financial statements and management's discussion and analysis (\"MD&A\") for the three and nine months ended September 30, 2025 can be found at\n \n www.eresreit.com\n \n or under ERES's profile at SEDAR+ at www.sedarplus.ca.\n \n\n\n SIGNIFICANT EVENTS AND HIGHLIGHTS\n \n\n\n\n Strategic Initiatives Update\n \n\n\n\n During the nine months ended September 30, 2025, through a number of transactions, the REIT disposed of a total of 1,976 residential suites in the Netherlands and its Belgian and German commercial properties for total gross proceeds, excluding transaction costs and other customary adjustments, of €489.2 million.\n \n\n 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.\n \n\n Furthermore, the REIT is continuing to work with its financial and real estate advisors in connection with the sale process for its remaining portfolio. These efforts are being advanced in parallel with certain structural and outstanding tax matters, including the previously disclosed reassessment of certain subsidiaries by the Dutch Tax Authority. There can be no assurance that this process will result in the successful completion of the sale of any portion of the remaining portfolio or that such sales will be completed at, or above, reported IFRS fair value. It is anticipated that the proceeds of any such sales will be distributed to Unitholders after deducting transaction expenses, taxes, wind-up costs and other costs and expenses (which could be significant).\n \n\n\n\n Operating Metrics\n \n\n\n\n Same property portfolio Occupied Average Monthly Rents (\"Occupied AMR\") increased by 4.7%, from €1,288 as at September 30, 2024 to €1,349 as at September 30, 20...