European Commercial REIT (TSE:ERE) to Post FY2024 Earnings of $0.24 Per Share, Ventum Cap Mkts Forecasts

European Commercial REIT (TSE:ERE) – Ventum Cap Mkts upped their FY2024 EPS estimates for European Commercial REIT in a report released on Tuesday, September 17th. Ventum Cap Mkts analyst D. Chrystal now forecasts that the company will earn $0.24 per share for the year, up from their prior forecast of $0.22. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. Ventum Cap Mkts also issued estimates for European Commercial REIT’s FY2025 earnings at $0.14 EPS.

A number of other analysts have also recently issued reports on ERE. Desjardins raised shares of European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, August 11th. Raymond James raised shares of European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th.

European Commercial REIT Stock Performance

European Commercial REIT (TSE:ERE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.05. The firm had revenue of C$36.04 million during the quarter.

European Commercial REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.015 per share. The ex-dividend date is Monday, September 30th. This represents a $0.18 annualized dividend and a yield of ?.