European Residential Real Estate Investment Trust (ERE.UN:CA) Q4 2025 Earnings Call Prepared Remarks Transcript

Core Viewpoint - The European Residential Real Estate Investment Trust (ERES) reported significant financial activities in 2025, including asset sales and debt repayment, which contributed to a lower leverage ratio and a special cash distribution to unitholders [5]. Financial Highlights - In 2025, ERES completed the sale of nearly 2,000 residential suites in the Netherlands and approximately 300,000 square feet of commercial Gross Leasable Area (GLA) in Belgium and Germany, generating total proceeds of EUR 490 million [5]. - The net proceeds from these sales were used to repay EUR 245 million in mortgage debt, resulting in a record low leverage ratio of 30.5% at year-end [5]. - ERES also paid a special cash distribution of EUR 0.90 per unit, reflecting the company's commitment to returning capital to unitholders [5].