European Commercial REIT (ERE) Scheduled to Post Earnings on Tuesday

European Commercial REIT (TSE:ERE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect European Commercial REIT to post earnings of C$0.06 per share for the quarter.

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

European Commercial REIT Price Performance

European Commercial REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James raised European Commercial REIT from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Ventum Cap Mkts raised shares of European Commercial REIT to a “strong-buy” rating in a research report on Monday, July 15th.