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ERES REIT Reports October 2020 Monthly Distribution Toronto Stock Exchange: ERE-UN

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TORONTO, October 15, 2020 (GLOBE NEWSWIRE) – European Residential Real Estate Investment Trust (TSX: ERE.UN, YOU ARE) is pleased to announce that the Trustees of ERES have declared the October 2020 monthly cash distribution of 0.00875 per unit and per Class B LP unit (the October Distribution), equivalent to 0.105 per annualized unit. The distribution will be payable to holders of Unitholders and Class B LP Units (on Unitholders) of the file on October 30, 2020, with payment on November 16, 2020.

The Euro denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimate of C $ 0.01348 per Class B LP Unit and Unit). Registered Unitholders will have the option of electing to receive such distribution in euros rather than Canadian dollars. If such an election is not made, Unitholders of record will receive the distribution in Canadian dollars under the exchange rate mechanism above. Beneficial Unitholders will not be able to elect to receive the distribution in euros. The final cash distribution with respect to September 2020 was C $ 0.01348 per unit and per Class B unit.

To encourage participation and to reward our loyal Unitholders, investors enrolled in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.

ERES intends to continue to make regular monthly distributions, subject to the discretion of the Board of Directors of ERES. ERES continues to aim for an AFFO payout ratio of between 80% and 90%. ERES Limited Partnership will pay corresponding cash distributions to holders of Class B LP Units.

About ERES

ERES is an unincorporated open-ended real estate investment trust. ERES units are listed on the TSX under the symbol ERE.UN. ERES is the only European-oriented multi-residential REIT in Canada, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands. ERES has a portfolio of 137 multi-residential buildings, comprising 5,865 suites and ancillary commercial spaces located in the Netherlands, and owns an office building in Germany and an office building in Belgium.

The head office and registered office of ERES are located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.

For more information, please visit our website at www.eresreit.com.

For more information

YOU AREYOU ARE
Mr. Phillip BurnsMr. Scott Cryer
General managerFinancial director
416.354.0167416.861.5771
[email protected][email protected]

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