European Residential REIT (TSX:ERE.UN)
C$ 2.63 0.18 (7.35%) Market Cap: 241.33 Mil Enterprise Value: 1.70 Bil PE Ratio: 26.34 PB Ratio: 0.34 GF Score: 71/100

Q2 2020 European Residential REIT Earnings Call Transcript

Aug 11, 2020 / 01:00PM GMT
Release Date Price: C$4.05 (-1.46%)
Operator

Good morning, ladies and gentlemen. Welcome to the Second Quarter 2020 Results Conference Call. I would now like to turn the meeting over to Mr. Phillip Burns. Please go ahead, Mr. Burns.

Phillip Wesley Burns
European Residential Real Estate Investment Trust - CEO & Trustee

Thank you, operator, and good morning, everyone. Before we begin, let me remind everybody that during our conference call this morning, we may include forward-looking statements about our future financial and operating results. I direct your attention to Slide 2 and our other regulatory filings.

Joining me today is our CFO, Scott Cryer; and VP of Finance, Stephen Co. After I provide an update on our operational progress during the quarter, Scott will give an overview of our financial results and position.

From inception on the 29th of March 2019, ERES' journey has been characterized by a formidable trajectory of accretive acquisitions. External growth via acquisitions was paused temporarily during the first half of 2020 by the emergence of the COVID-19 pandemic in

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