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European Residential Real Estate Investment Trust (ERE-UN) investor relations material
European Residential Real Estate Investment Trust Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic property dispositions in Belgium, Germany, and the Netherlands generated €489 million in gross proceeds year-to-date 2025, including the sale of 1,976 residential suites and 286,546 sq. ft. of commercial space.
Proceeds funded a special cash distribution of €0.90 per Unit in September 2025 and repaid €238 million in debt; regular monthly distributions ceased after August 2025.
The remaining portfolio as of September 30, 2025, consists of 1,033 residential suites and ancillary retail in the Netherlands, with active sale processes underway.
Focus remains on maximizing value for Unitholders and managing the wind-down of the remaining assets.
Financial highlights
Same property occupied AMR increased by 4.7% to €1,349 as of September 30, 2025.
Residential occupancy declined to 90.8% due to intentional vacancies supporting the disposition strategy.
NOI margin for Q3 2025 was 67.8%, down from 76.2% in Q3 2024, mainly due to higher repair costs and lost rent.
FFO per Unit (diluted) for Q3 2025 was €0.013, down from the prior year, reflecting asset sales.
NAV per Unit (diluted) at September 30, 2025, was €0.91, down from €2.07 at December 31, 2024, mainly due to the special distribution.
Outlook and guidance
No specific timeline for the final wind-down; ongoing tax and structural matters may affect timing and proceeds.
The REIT continues to pursue value-surfacing dispositions and intends to distribute net proceeds to Unitholders after costs.
No assurance on the successful completion or pricing of remaining portfolio sales.
Next European Residential Real Estate Investment Trust earnings date
Next European Residential Real Estate Investment Trust earnings date
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