European Residential Real Estate Invt Tr
European Residential Real Estate Invt Tr — European Residential Real Estate Investment Trust — Q4 2024 Earnings Presentation
13 slides from European Residential Real Estate Invt Tr's earnings presentation, Feb 13, 2025
Slide 1: Q4'24 Conference Call
Q4’24 Conference Call Canada’s only European-focused multi-residential REIT February 13, 2025 1 Third Fourthquarter Quarterconference Conferencecall Call
Slide 2: Disclaimer
Overview Disclaimer This presentation and our answers to questions in today’s session may contain forward-looking The REIT prepares and releases unaudited condensed consolidated interim financial statements and information within the meaning of applicable securities laws. Forward-looking information
Slide 3: Presenters
Overview Presenters Mark Kenney Jenny Chou Chief Executive Officer & Trustee Chief Financial Officer CAPREIT since 1998 CAPREIT since 2019 • President, CEO and Trustee at CAPREIT • Vice President, Finance at CAPREIT • Director on Board of REALPAC • Chartered Professional Accountant (CPA, CA) • Forme
Slide 4: 2024 Highlights
Overview 2024 Highlights Objectives Maximize returns for €916M €647M 39.7% Unitholders through in total gross proceeds in debt repaid using net conservative adjusted debt to ongoing optimization generated from strategic proceeds to strengthen gross book value ratio as of of the property dispositions
Slide 5: Strong Operational Performance
Overview Strong Operational Total Residential Portfolio Performance ERES has consistently achieved strong growth 94.6% in average monthly rents (“AMR”), even within the continuously changing regulatory €1,300 framework. €1,250 €1,200 ERES has intentionally decreased occupancy €1,150 during the perio
Slide 6: Financial Performance
Financial Performance Jenny Chou Chief Financial Officer 6 Fourth Third quarter Quarterconference Conferencecall Call
Slide 7: Fourth Quarter Results
Financial Results Fourth Quarter 94.9% +6.8% -2.0% Same Property Occupancy Same Property AMR Growth Same Property NOI 76.2% -5.3% 83.6% Same Property NOI Margin FFO per Unit (diluted) FFO Payout Ratio 7 Fourth Quarter Conference Call
Slide 8: Annual Overview 2024
Financial Results Annual Overview 2024 Year Ended December 31, 2024 2023 %∆ Operating Revenues (000s) €92,968 €95,684 2.8% Net Operating Income (NOI) (000s) €72,867 €75,131 3.0% NOI Margin1 78.4% 78.5% 0.1% Same Property NOI (000s)2 €36,544 €35,433 3.1% Same Property NOI Margin2, 3 76.6% 77.0% 0.4%
Slide 9: Financial Position & Liquidity
Financial Results Financial Position Liquidity & Liquidity 60% 56% 57% 58% 58% 57% 54% 53% 40% €133 ERES actively manages leverage and €89 coverage ratios to ensure compliance €55 with all covenants. €43 €37 €30 €28 €29 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Net proceeds from ERES’s strateg
Slide 10: Mortgage Renewal Profile
Financial Results Mortgage Mortgage Renewal Profile Weighted Average Mortgage Term of 2.5 years Renewal Profile Nearly all of ERES’s mortgages are financed with terms and arrangements 3.29% that result in fixed interest payments, 400 mitigating interest expense volatility risk. 2.27% 2.41% 1.79% Mor
Slide 11: Closing Remarks
Closing Remarks Mark Kenney Chief Executive Officer 11 Fourth Third quarter Quarterconference Conferencecall Call
Slide 12: Maximizing Returns for Unitholders
Closing Remarks Maximizing Returns for Unitholders ERES is actively pursuing strategic opportunities Turnover to enhance value for Unitholders. Suite To that end, a special meeting of Unitholders Reletting Indexation Income Growth Program was held on January 7, 2025, in which a resolution to amend t
Slide 13: Contact Us
Contact Us European Residential REIT 11 Church Street, Suite 401 Toronto, Ontario M5E 1W1 Canada m.kenney@capreit.net j.chou@capreit.net www.eresreit.com 13 Third Fourthquarter Quarterconference Conferencecall Call
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