Brokers Issue Forecasts for European Commercial REIT’s Q2 2024 Earnings (TSE:ERE)

European Commercial REIT (TSE:ERE) – Investment analysts at Ventum Cap Mkts issued their Q2 2024 EPS estimates for European Commercial REIT in a report issued on Monday, July 29th. Ventum Cap Mkts analyst D. Chrystal anticipates that the company will post earnings of $0.06 per share for the quarter. Ventum Cap Mkts has a “Strong-Buy” rating on the stock.

European Commercial REIT (TSE:ERE) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.08. The company had revenue of C$35.77 million during the quarter.

Separately, Raymond James upgraded shares of European Commercial REIT from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th.

European Commercial REIT Price Performance

European Commercial REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a $0.015 dividend. This represents a $0.18 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.