European Residential Real Estate Investment Trust
ERES is an unincorporated, open-ended real estate investment trust. ERES's REIT 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 September 30, 2025, ERES owned 1,033 residential suites and ancillary retail space located in … Read more
European Residential Real Estate Investment Trust (ERE-UN) - Net Assets
Latest net assets as of June 2025: CA$214.40 Million CAD
Based on the latest financial reports, European Residential Real Estate Investment Trust (ERE-UN) has net assets worth CA$214.40 Million CAD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$729.73 Million) and total liabilities (CA$515.33 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$214.40 Million |
| % of Total Assets | 29.38% |
| Annual Growth Rate | 72.34% |
| 5-Year Change | -26.21% |
| 10-Year Change | N/A |
| Growth Volatility | 359.24 |
European Residential Real Estate Investment Trust - Net Assets Trend (2016–2024)
This chart illustrates how European Residential Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for European Residential Real Estate Investment Trust (2016–2024)
The table below shows the annual net assets of European Residential Real Estate Investment Trust from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$261.02 Million | -38.91% |
| 2023-12-31 | CA$427.25 Million | -22.34% |
| 2022-12-31 | CA$550.15 Million | +24.53% |
| 2021-12-31 | CA$441.76 Million | +24.89% |
| 2020-12-31 | CA$353.72 Million | +45.06% |
| 2019-12-31 | CA$243.84 Million | +490.86% |
| 2018-12-31 | CA$41.27 Million | +7.21% |
| 2017-12-31 | CA$38.49 Million | +1047.80% |
| 2016-12-31 | CA$3.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to European Residential Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 301227722.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$2.95 Million | 1.13% |
| Common Stock | CA$258.07 Million | 98.87% |
| Total Equity | CA$261.02 Million | 100.00% |
European Residential Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of European Residential Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Century Enka Limited
NSE:CENTENKA
|
$65.52 Million |
|
Taiwan IC Packaging
TWO:3372
|
$65.52 Million |
|
ICP DAS Co Ltd
TWO:3577
|
$65.54 Million |
|
Xiabuxiabu Catering Management (China) Holdings Co. Ltd
PINK:XIAXF
|
$65.57 Million |
|
Zumtobel Group AG
OTCGREY:ZMTBY
|
$65.50 Million |
|
Alerion Clean Power S.p.A.
LSE:0P3O
|
$65.49 Million |
|
Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS
IS:IPEKE
|
$65.49 Million |
|
Shriram Properties Limited
NSE:SHRIRAMPPS
|
$65.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in European Residential Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 427,247,000 to 261,024,000, a change of -166,223,000 (-38.9%).
- Net loss of 64,288,000 reduced equity.
- Dividend payments of 101,927,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-64.29 Million | -24.63% |
| Dividends Paid | CA$101.93 Million | -39.05% |
| Other Changes | CA$-8.00K | -0.0% |
| Total Change | CA$- | -38.91% |
Book Value vs Market Value Analysis
This analysis compares European Residential Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.61x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$1.91 | CA$1.16 | x |
| 2017-12-31 | CA$2.42 | CA$1.16 | x |
| 2018-12-31 | CA$0.51 | CA$1.16 | x |
| 2019-12-31 | CA$1.73 | CA$1.16 | x |
| 2020-12-31 | CA$1.53 | CA$1.16 | x |
| 2021-12-31 | CA$1.91 | CA$1.16 | x |
| 2022-12-31 | CA$2.37 | CA$1.16 | x |
| 2023-12-31 | CA$1.83 | CA$1.16 | x |
| 2024-12-31 | CA$1.11 | CA$1.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently European Residential Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -24.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -69.15%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.32x
- Recent ROE (-24.63%) is below the historical average (2.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.83% | 0.00% | 0.00x | 1.09x | CA$-396.66K |
| 2017 | -3.73% | -33.61% | 0.05x | 2.40x | CA$-5.29 Million |
| 2018 | 12.80% | 67.70% | 0.08x | 2.35x | CA$1.16 Million |
| 2019 | -6.89% | -40.51% | 0.03x | 5.69x | CA$-41.19 Million |
| 2020 | 33.55% | 169.80% | 0.05x | 4.24x | CA$83.29 Million |
| 2021 | 21.76% | 125.06% | 0.04x | 4.27x | CA$51.96 Million |
| 2022 | 21.16% | 130.44% | 0.05x | 3.52x | CA$61.40 Million |
| 2023 | -26.74% | -119.38% | 0.06x | 4.03x | CA$-156.95 Million |
| 2024 | -24.63% | -69.15% | 0.11x | 3.32x | CA$-90.39 Million |
Industry Comparison
This section compares European Residential Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $356,137,581
- Average return on equity (ROE) among peers: -6.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| European Residential Real Estate Investment Trust (ERE-UN) | CA$214.40 Million | -1.83% | 2.40x | $65.52 Million |
| GO Residential Real Estate Investment Trust (GO-U) | $698.60 Million | 90.01% | 2.72x | $65.94K |
| Killam Apartment Real Estate Investment Trust (KMP-UN) | $193.88 Million | -2.79% | 2.73x | $1.36 Billion |
| Lanesborough Real Estate Investment Trust (LRT-UN) | $-83.15 Million | 0.00% | 0.00x | $2.35 Million |
| Marwest Apartment Real Estate Investment Trust (MAR-UN) | $456.59K | -22.38% | 0.03x | $4.09 Million |
| Minto Apartment Real Estate Investment Trust (MI-UN) | $1.08 Billion | -10.83% | 1.51x | $421.67 Million |
| Northview Residential REIT (NRR-UN) | $495.35 Million | -4.31% | 2.74x | $105.04K |
| Starlight U.S. Residential Fund (Multi-Family) Investment LP (SURF-UN) | $110.44 Million | -96.25% | 4.21x | $1.06K |