Cormark Has Bearish Forecast for TSE:ERE FY2024 Earnings

European Commercial REIT (TSE:EREFree Report) – Research analysts at Cormark reduced their FY2024 earnings per share (EPS) estimates for shares of European Commercial REIT in a report released on Tuesday, November 12th. Cormark analyst S. Srinivas now expects that the company will post earnings of $0.23 per share for the year, down from their previous estimate of $0.24. Cormark also issued estimates for European Commercial REIT’s Q1 2025 earnings at $0.04 EPS, FY2025 earnings at $0.11 EPS, Q1 2026 earnings at $0.03 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.03 EPS and FY2026 earnings at $0.13 EPS.

Separately, Desjardins upgraded European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, August 11th.

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European Commercial REIT Price Performance

European Commercial REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

Further Reading

Earnings History and Estimates for European Commercial REIT (TSE:ERE)

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