ERES REIT Declares October 2022 Monthly Distribution

TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is happy to announce that the trustees of ERES have declared the October 2022 month-to-month money distribution of €0.01 per Unit and Class B LP Unit (the “October Distribution”), being equal to €0.12 per Unit annualized. The distribution shall be payable to holders of the Units and Class B LP Units (the “Unitholders”) of document on October 31, 2022, with fee on November 15, 2022.

The Euro-denominated distribution shall be paid in Canadian {dollars} primarily based on the change charge on the date of fee (estimated C$0.01344 per Unit and Class B LP Unit). Registered Unitholders shall be supplied with an choice to elect to obtain such distribution in Euros relatively than Canadian {dollars}. If no such election is made, registered Unitholders shall be paid the distribution in Canadian {dollars} primarily based on the above change charge mechanism. Beneficial Unitholders is not going to have an choice to elect to obtain the distribution in Euros. The last money distribution in respect of September 2022 was C$0.01344 per Unit and Class B LP Unit.

To encourage participation and reward our loyal Unitholders, buyers registered in our Distribution Reinvestment Plan will proceed to obtain a further quantity equal to five% of their distributions paid within the type of further Units.

ERES intends to proceed to make common month-to-month distributions, topic to the discretion of the ERES Board of Trustees. ERES continues to focus on an AFFO payout ratio within the vary of 80% to 90%. ERES Limited Partnership will make corresponding money distributions to holders of Class B LP Units.

About ERES

ERES is an unincorporated, open-ended actual property funding belief. ERES’s Units are listed on the TSX beneath the image ERE.UN. ERES is Canada’s solely European-focused, multi-residential REIT, with a present preliminary concentrate on investing in high-quality, multi-residential actual property properties within the Netherlands. ERES owns a portfolio of 158 multi-residential properties, comprised of 6,900 suites and ancillary retail area situated within the Netherlands, and owns one workplace property in Germany and one workplace property in Belgium.

ERES’s registered and principal business workplace is situated at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.

For extra info, please go to our web site at www.eresreit.com.

For additional info