FY2024 EPS Estimates for European Commercial REIT Raised by Cormark (TSE:ERE)

European Commercial REIT (TSE:ERE) – Cormark increased their FY2024 earnings estimates for shares of European Commercial REIT in a note issued to investors on Monday, May 6th. Cormark analyst S. Srinivas now forecasts that the company will earn $0.28 per share for the year, up from their prior forecast of $0.27.

European Commercial REIT (TSE:ERE) last released its quarterly earnings data on Wednesday, February 21st. The company reported C($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.29). The firm had revenue of C$36.22 million for the quarter.

Separately, Echelon Wealth Partners raised shares of European Commercial REIT from a “hold” rating to a “speculative buy” rating in a research report on Thursday, February 22nd.

European Commercial REIT Price Performance

European Commercial REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.18 dividend on an annualized basis and a dividend yield of ∞.