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European Residential Real Estate Investment Trust

ERE-UN.TO

REIT - Residential · Real Estate

Price

C$1.19

+0.01 (+0.85%)

Market Cap

C$110.8M

Exchange

Toronto Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Winston Score between 40 and 70. The stock passes some quality checks but not all.

European Residential Real Estate Investment Trust (ERES) owns and rents out apartment buildings in the Netherlands. Its customers are everyday renters — people and families looking for a place to live in Dutch cities. ERES is a Canadian-listed REIT focused entirely on the Dutch residential rental market, which is known for having a large shortage of available housing.

ERES makes money by collecting monthly rent from tenants across its portfolio of multi-family residential properties. It operates exclusively in the Netherlands and is a relatively small trust with a market cap around $100 million. Its position in a supply-constrained housing market provides some stability, but the business faces real risks from rising interest rates, which increase borrowing costs and pressure property valuations. Regulatory changes in Dutch rent control laws are also a key risk, as the Netherlands has been tightening rules on how much landlords can charge, which could limit future rental income growth.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-77.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+69.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

12.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

$17M cash & investments at current burn rate

Revenue declining

European Residential Real Estate Investment Trust's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

74.4%

Premium pricing power — 74.4% gross margin

Operating Margin

57.5%

Excellent — 57.5% operating margin

ROCE

1.3%

Weak — 1.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

-58.8%

Shrinking sales (-58.8% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-310.1%

Burning cash (-310.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.96

Moderate — manageable debt (0.96)

Interest Cover

1.08x

Dangerous — barely covers interest (1.1x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

125.16%

Healthy income — 125.16% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth

+4670.5%

Dividend growing fast (4670.5% YoY)

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