Welcome!
Cromwell European Real Estate Investment Trust (CEREIT)
Results
Cromwell European REIT reports 3QFY2024 distributable income of EUR20.8 mil, 7.8% lower y-o-y
For the 9MFY2024, distributable income fell by 8.9% y-o-y to EUR60.4 million mainly due to the REIT’s divestments and higher interest costs.
23 days ago
REITs
Cromwell European REIT completes divestment of Polish office asset for EUR15.9 mil
The divestment of Grojecka 5 is consistent with CEREIT’s previously announced strategy to reduce exposure to non-core markets.
April 03, 2024
Broker's Calls
Despite lower DPU for the 1HFY2023, analysts remain positive on Cromwell European REIT
DBS Group Research and RHB Bank Singapore have both kept their “buy” calls, but DBS has lowered their TP to EUR2.
August 16, 2023
REITs
Cromwell European REIT's manager responds to news of Milan office divestment
The story by London-based React News claims CEREIT is set to divest Piazza Affari 2, an office asset in Milan, Italy.
June 09, 2023
Broker's Calls
Analysts keep 'buy' on Cromwell European REIT, expecting DPU to bottom this year
CEREIT targets to divest EUR400 million in non-strategic assets over the next one to two years.
May 22, 2023
Results
Cromwell European REIT reports indicative DPU of 4.12 Euro cents for 1QFY2023, 2.4% lower y-o-y, on finance costs
Excluding divestment gains, the REIT’s indicative DPU would’ve been at 3.90 Euro cents, 5.8% lower y-o-y.
May 15, 2023
REITs
Cromwell European REIT’s portfolio falls to EUR2.49 bil in FY2022, gearing expected to remain below 40%
These metrics will be confirmed at CEREIT’s results, which are expected to be released on Feb 24.
January 31, 2023
REITs
Cromwell European REIT completes divestment in France for $15.7 mil at 55% premium to latest valuation
The park was independently valued at EUR7.1 million as at June 30.
December 12, 2022
REITs
Cromwell European REIT acquires logistics asset in Denmark for $22.3 mil
The consideration is said to be 7% below independent valuation and 46% below replacement cost.
October 18, 2022
Broker's Calls
S-REITs now at 'attractive levels' with bargains emerging following recent panic selling: UOB Kay Hian
Some of UOB Kay Hian's top picks include CLAS, FCT and LREIT.
October 13, 2022