European Residential Real Estate Investment Trust (ERE.UN:CA) Q3 2025 Earnings Call Transcript

Operator

Good morning, all, and thank you for joining us on today’s European Residential REIT Third Quarter 2025 Results Conference Call. My name is Drew, and I’ll be the operator on the call today. [Operator Instructions]

With that, it’s my pleasure to hand over to Nicole Dolan, Investor Relations, to begin. Please go ahead when you’re ready.

Nicole Dolan

Thank you, operator, and good morning, everyone. Before we begin, let me remind everyone that during our conference call this morning, we may include forward-looking statements about expected future events and the financial and operating results of ERES, which are subject to certain risks and uncertainties. We direct your attention to Slide 2 and our other regulatory filings for important information about these statements. I will now turn the call over to Mark Kenney, Chief Executive Officer.

Mark Kenney
CEO & Trustee

Thanks, Nicole, and good morning, everyone. Joining me this morning is Jenny Chau, our Chief Financial Officer. Let’s get started on Slide 4 with a high-level update. During Q3, ERES continued to execute on its strategic disposition program, focusing on maximizing unitholder value. We successfully completed several key transactions, including the sale of our commercial properties in Belgium and Germany, the closing of previously announced disposition of a portfolio containing 1,446 residential suites in the Netherlands and the sale of an additional 110-suite property in Rotterdam.

Collectively, these transactions generated EUR 397 million in gross consideration, bringing our 2025 disposition total to EUR 489 million, with part of that capital used to repay EUR 238 million