Cromwell European Real Estate Investment Trust (CEREIT)

Results

Cromwell European REIT reports 2.3% higher 1HFY2022 DPU of 8.695 Euro cents

Unitholders will receive their DPUs on Sept 28.

Broker's Calls

CEREIT assets benefitting from positive fundamentals in key office and logistics markets: PhillipCapital

The brokerage took a closer look at the REIT in an unrated report after a visit to CEREIT's assets in Europe.

Results

Cromwell European REIT reports 7.1% higher distributable income of €23.3 mil

Gross revenue for the quarter grew by 8.5% y-o-y to €52.6 million.

REITs

Cromwell EREIT has secured new leases for its first logistics development in Czech Republic

The REIT has secured four leases for approximately 40% of the new warehousing development.
Cromwell European REIT acquires three logistics properties in Italy and Germany for $101.5 mil - THE EDGE SINGAPORE

REITs

Cromwell European REIT acquires three logistics properties in Italy and Germany for $101.5 mil

The properties have a blended 6.8% net operating income yield, are 100% occupied, and have a blended WALE of 5.4 years.
Cromwell European REIT among 11 S-REITs to join FTSE EPRA Nareit Global Index - THE EDGE SINGAPORE

REITs

Cromwell European REIT among 11 S-REITs to join FTSE EPRA Nareit Global Index

The inclusion of the REITs into the index series follows a revision in market cap thresholds.
Cromwell European REIT divests French non-core asset for EUR5.8 mil - THE EDGE SINGAPORE

REITs

Cromwell European REIT divests French non-core asset for EUR5.8 mil

The manager of CEREIT has entered into a promissory deed to divest its Parc de Popey asset for approximately $9.3 million.
Cromwell European REIT acquires Czech logistics asset for $16 mil - THE EDGE SINGAPORE

REITs

Cromwell European REIT acquires Czech logistics asset for $16 mil

The asset is being acquired at an accretive NOI yield of 6.4% with a weighted average lease expiry of 6.5 years.
DBS re-initiates coverage on Cromwell European REIT at 'buy' on emerging EU logistics play - THE EDGE SINGAPORE

Broker's Calls

DBS re-initiates coverage on Cromwell European REIT at 'buy' on emerging EU logistics play

The analysts have given a target price of 60 Euro cents as they view the REIT as a play for the fast-growing logistics sector.
Cromwell European REIT proposes 5-to-1 unit consolidation, share price up 0.7% following announcement - THE EDGE SINGAPORE

REITs

Cromwell European REIT proposes 5-to-1 unit consolidation, share price up 0.7% following announcement

Pro forma FY20 DPU would increase from EUR3.48 to EUR17.42.
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