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  5. ERE.UN: ERE today announced the sale of over 1 Billion in housing and commercial units. [European Residential Real Estate Investment Trust]

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Q: ERE today announced the sale of over 1 Billion in housing and commercial units. In addition a 41.13 special dividend and a 50% reduction in the dividend. I realize this will significantly improve the balance sheets, yet the company is small and will become much smaller. The stock price is up by 23c today. Is the stock worth keeping or should I sell it now. Will the share price gradually climb as it gets closer to the special dividend? What do you think of this sale?.
Asked by arnold on September 18, 2024
5i Research Answer:
It is difficult. We do not like to question management's process; they obviously know their...
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