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European Residential Real Estate Investment Trust (ERE-UN) Fair Value & Analysis

Real Estate · CA · Market cap C$111M

ER European Residential Real Estate Investment Trust ERE-UN · TO
PriceC$1.19
Fair ValueC$2.98
Upside+150.4%
Quality40/100
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Evidence: High Range C$2.12 – C$3.83 📤 Share as image

Fair value as of: Jul 19, 2026

From 15 valuation models · updated 3 days ago

Price vs Fair Value (12 months)

C$2.58 C$1.01 Fair Value C$2.98 Jun 2025 Jun 2026

12‑month range C$1.01 – C$2.58 · fair‑value band C$2.12 – C$3.83 · the C$1.19 price screens below the C$2.98 fair value. As of Jul 19, 2026.

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Analysis

European Residential Real Estate Investment Trust (ERE-UN) currently trades at C$1.19, while our model-based Fair Value estimate is C$2.98, implying the stock looks roughly 150.4% undervalued today. We read business quality at 40/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at C$38.4M. Revenue declined 77.4% year over year. It earns a return on equity of -38.6%. Net debt stands at C$83.6M. Fundamentals as of Jul 19, 2026

Our scenario range runs from C$2.12 (bear case) to C$3.83 (bull case); at C$1.19, the current price sits below that range. The share trades about 55% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -19% fair-value upside, at 150%, ERE-UN screens cheaper than that median.

Key figures & financial health

Revenue (TTM) C$38.4M
Revenue growth (YoY) -77.4%
Net margin -184%
Return on equity -38.6%
Free cash flow C$11.5M FY2025
Operating margin 57.5%
More key figures
EPS (TTM) C$-0.4800
Dividend yield 3.4%
EPS growth (YoY) +428%
Net debt C$83.6M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.

About the company

European Residential Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. ERES REIT Units are listed on the TSX under the symbol ERE.UN. ERES is only European-focused multi-residential REIT of Canada, 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 the Netherlands, with a total fair value of approximately 311.7 million euros. ERES is registered and its principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1. European Residential Real Estate Investment Trust was established on July 25, 2016 and incorporated in Ontario, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

European Residential Real Estate Investment Trust reported revenue of C$38.4M in FY2025 versus C$76.9M in FY2021, a compound −15.9%/yr. Reported net income was −C$68.9M in FY2025.

Revenue −15.9%/yr
FY21 C$76.9M
FY22 C$89.3M
FY23 C$95.7M
FY24 C$93.0M
FY25 C$38.4M
Net income
FY21 C$96.1M
FY22 C$116M
FY23 −C$114M
FY24 −C$64.3M
FY25 −C$68.9M

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Cite: Fair Value Calculator (2026). "European Residential Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/ERE-UN

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Frequently asked questions

Is European Residential Real Estate Investment Trust (ERE-UN) undervalued?
As of Jul 19, 2026, our model estimates a fair value of C$2.98 versus a price of C$1.19, about +150% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ERE-UN?
Our model-based fair value for European Residential Real Estate Investment Trust is C$2.98 (as of Jul 19, 2026), built from audited fundamentals. The current price is C$1.19.
What is the quality score of ERE-UN?
European Residential Real Estate Investment Trust has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of European Residential Real Estate Investment Trust (ERE-UN)?
European Residential Real Estate Investment Trust reported trailing-twelve-month revenue of about C$38.4M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ERE-UN?
The net profit margin of European Residential Real Estate Investment Trust is about -183.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does European Residential Real Estate Investment Trust pay a dividend?
European Residential Real Estate Investment Trust currently shows a dividend yield of about 3.39% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.