{"id":494649,"date":"2021-05-17T17:03:14","date_gmt":"2021-05-17T21:03:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eres-reit-declares-may-2021-monthly-distribution\/"},"modified":"2021-05-17T17:03:14","modified_gmt":"2021-05-17T21:03:14","slug":"eres-reit-declares-may-2021-monthly-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eres-reit-declares-may-2021-monthly-distribution\/","title":{"rendered":"ERES REIT Declares May 2021 Monthly Distribution"},"content":{"rendered":"
\n

TORONTO, May 17, 2021 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, \u201cERES<\/strong>\u201d) is pleased to announce that the trustees of ERES have declared the May 2021 monthly cash distribution of \u20ac0.00917 per Unit and Class B LP Unit (the \u201cMay Distribution<\/strong>\u201d), being equivalent to \u20ac0.110 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the \u201cUnitholders<\/strong>\u201d) of record on May 31, 2021, with payment on June 15, 2021.<\/p>\n

The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimated C$0.01345 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 2021 was C$0.01345 per Unit and Class B LP Unit.<\/p>\n

To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.<\/p>\n

ERES intends to continue to make regular monthly distributions, subject to the discretion of the ERES Board of Trustees. ERES continues to target an AFFO payout ratio in the range of 80% to 90%. ERES Limited Partnership will make corresponding cash distributions to holders of Class B LP Units.<\/p>\n

\n About ERES<\/strong>\n <\/p>\n

ERES is an unincorporated, open-ended real estate investment trust. ERES\u2019s Units are listed on the TSX under the symbol ERE.UN. ERES is Canada\u2019s only European-focused, multi-residential REIT, with a current initial focus on investing in high-quality, multi-residential real estate properties in the Netherlands. ERES owns a portfolio of 139 multi-residential properties, comprised of 6,047 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.<\/p>\n

ERES\u2019s registered and principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.<\/p>\n

For more information, please visit our website at www.eresreit.com<\/a>.<\/p>\n\n\n\n\n\n\n\n\n
\n For further information<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
ERES<\/td>\nERES<\/td>\n<\/tr>\n
Mr. Phillip Burns<\/td>\nMr. Stephen Co<\/td>\n<\/tr>\n
Chief Executive Officer\u00a0<\/td>\nChief Financial Officer<\/td>\n<\/tr>\n
416.354.0167\u00a0<\/td>\n416.306.3009<\/td>\n<\/tr>\n
p.burns@eresreit.com<\/td>\ns.co@eresreit.com<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, May 17, 2021 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, \u201cERES\u201d) is pleased to announce that the trustees of ERES have declared the May 2021 monthly cash distribution of \u20ac0.00917 per Unit and Class B LP Unit (the \u201cMay Distribution\u201d), being equivalent to \u20ac0.110 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the \u201cUnitholders\u201d) of record on May 31, 2021, with payment on June 15, 2021. The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimated C$0.01345 per Unit and Class B LP Unit). Registered Unitholders will be provided with an option to elect to … <\/p>\n

Continue reading “ERES REIT Declares May 2021 Monthly Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-494649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nERES REIT Declares May 2021 Monthly Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eres-reit-declares-may-2021-monthly-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERES REIT Declares May 2021 Monthly Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, May 17, 2021 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, \u201cERES\u201d) is pleased to announce that the trustees of ERES have declared the May 2021 monthly cash distribution of \u20ac0.00917 per Unit and Class B LP Unit (the \u201cMay Distribution\u201d), being equivalent to \u20ac0.110 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the \u201cUnitholders\u201d) of record on May 31, 2021, with payment on June 15, 2021. The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimated C$0.01345 per Unit and Class B LP Unit). 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