European Commercial Real Estate Ltd (TSE:ERE.UN) has released an update.
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European Residential REIT has announced its third-quarter results for 2024, highlighting significant asset sales in the Netherlands to streamline its portfolio and improve liquidity. The REIT achieved strong rental growth, with an 8% increase in average monthly rents and improved financial position through effective debt repayment strategies. However, challenges remain with a slight decrease in occupancy rates and a drop in funds from operations per Unit due to portfolio adjustments.
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