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Cromwell European REIT (CEREIT)
REITs
Cromwell European REIT buys back EUR50 mil worth of bonds due November 2025
The REIT manager says it will be able to book a profit of some EUR3 million from the discounted purchase price of the bonds.
December 18, 2023
Broker's Calls
RHB maintains 'buy' on Cromwell European REIT, but lowers TP for first time in a year to EUR2.10
The analyst lowers his FY2023-FY2025 DPU to 3%-5% after fine-tuning finance cost and NPI margin assumptions, among others.
November 22, 2023
Results
Cromwell European REIT reports indicative 3QFY2023 DPU of 4.005 Euro cents
Indicative DPU for the 9MFY2023 fell by 9.2% y-o-y to 11.795 cents.
November 14, 2023
Broker's Calls
Industrial S-REITs with exposure to Australia, UK and Europe are 'unjustifiably' sold off: DBS
FLCT and Keppel DC REIT are the top "value buy" S-REIT picks in this space.
October 17, 2023
REITs
Cromwell European REIT completes divestment of Viale Europa 95 for EUR94.0 mil
The sale consideration is 13.1% above the property’s purchase price of EUR83.1 million on Nov 30, 2017.
October 09, 2023
Results
Cromwell European REIT reports 1HFY2023 DPU of 7.79 Euro cents, down 10.4% y-o-y
Unitholders will receive their DPUs on Sept 28.
August 14, 2023
REITs
Cromwell European REIT’s portfolio valuation down by 1.6% to EUR2.29 bil
The REIT says it has now achieved its aim of being majority weighted to the logistics/light industrial sector.
July 24, 2023
REITs
CEREIT divests third-largest office asset for EUR93.6 mil, increasing pro-forma DPU by 2.1%
The Grade A Milan office asset was divested at a 14.6% premium to the 2017 purchase price and EUR200,000 above a recent valuation.
June 30, 2023
REITs
Cromwell European REIT to divest asset in Bari, Italy
The property is a large complex that was built specifically to accommodate the military academy of the tax police.
June 15, 2023
REITs
Parc des Docks: The jewel in Cromwell European REIT's crown
The redevelopment of the property will take place between 2026 to 2035 for a sum that was not disclosed.
May 17, 2023