Brokers Issue Forecasts for European Commercial REIT’s FY2024 Earnings (TSE:ERE)

European Commercial REIT (TSE:ERE) – Stock analysts at Cormark raised their FY2024 earnings estimates for European Commercial REIT in a report released 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 estimate of $0.27.

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

Separately, Echelon Wealth Partners upgraded 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. Stockholders of record on Tuesday, April 30th will be given a $0.015 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date of this dividend is Monday, April 29th.